as you can see on the chart we are below any possible moving average below 100 and also we are below 200-daily moving average. but i am very bullish on bitcoin because of my wave counts. i believe we completed wave 1 and probable wave 2 in big scope starting from the 3100 bottom. i believe we have completed the correction starting from 14k till the 7.7k and we...
i can see a three wave up it is definitely an ABC correction or a new impulse wave. i counted apple right now as a corrective wave because it has reached its previous resistance.
i will enter in a short position at 213 because in that case two things will prove to me:
1 the trend line of diagonal triangle is broken
2 wave 4 have entered wave 1 territory (the wave...
In grand supercycle I see wave 1 and 2 and three and i have shown the potential targets for future. it does not matter that these forecasts will play out or not but we can see that we are at wave three and i am goin to dive into details in this idea. by the way this mounthly chart of spx since 1970.
it doesn't matter we are forming a zig zag or a flat or a triangle only thing that i know we are at a corrective wave. this is not a motive wave because it is complicated and has a lot of overlaps.
regardless, may be we are forming a regular flat(A 3-3-5 correction) . after completion of correction i will tell you guys where to put your orders. now we should wait....
O IBOV parece estar no final de uma onda C Menor, dentro de uma (4) Intermediária, que faz parte de uma onda (I) Primária.
O início da onda (5) está iminente e deve levar o IBOV até 55K. A partir dalí, devemos ficar atentos ao final da onda (5) e (I).
Essa contagem leva em consideração o humor social bastante negativo que dominou a percepção de investidores e...
AUDNZD has completed the "e" leg of an expanding triangle in a complex triple three correction. Triangles commonly mark the end of a three wave reactionary wave and thus an upcoming bullish move may be impending. A possible cypher will make for an optimal entry long. In the case of the triangle continuing to 2 or 4 additional three wave moves off of the...
Here's a bit of a drill down to the 1H to analyze the current market structure.
USDCAD trade analysis on the daily chart
Wait for for C wave of minor degree completion to go for a possible short, what could be a possible 3rd wave of a 5 wave sequence down.
Wave 3 and 5 give us bullish divergence, also ending diagonal pattern. I think it will be go up!
Limit buy 0.71235
SL 0.70725 (Support Level)
TP 0.74500 (Fib arround 50-61.8%)
What do you think guys about my setup?
*Sorry forgot to label wave 3 and 5. The important thing is the market give us divergence!