Think AAPL is about to have a big win or lose battle here.... currently in a pretty important supply zone that I think can really have a major impact. If zone rejects, can be a pretty decent slide down. If it gets through, it also has to contend with 304 which was set back in February during the sell off.
A break above 304 can give it a really good chance to...
Think this could be another great post earnings opportunity. From being in a chop zone prior to earnings and then earnings accelerating price action to put it right into either a supply or demand zone. Obviously sold off right into a demand zone. This one is a little more "patience" involved as there are two demand zones I am seeing right on top of each other...
Another one I'm watching today. LULU is just hanging out chopping up and down trying to figure out where to go. For this one, falling out from a previous wedge, my bias is to the upside ... eventually. Either 1) if we go to demand, I'd like to look for an entry long because generally after price breaks down from a wedge pattern, price action tends to retrace...
I keep seeing BA posts everywhere and the more I look at it the more I like it. It looks like we are in diagonal sold off into demand. Potentially a good risk/reward opportunity here. I’m going to actively watch this one and look to enter a long position. My long position will be less risk and I’ll look to go out to end of June / early July.
Above 133.80 will...
Hi Traders,
USDCHF will likely begin some bullish momentum. The ideal setup to look for is a strong impulse and subsequent correction. We can reasonably look for reversal when price reaches the 0.9881 level.
Trade with care.
Regards
Wave Theorist
Still pushing, until lower lows are made, have to pivot and assess what’s being giving. Thinking we can see a push up to gap fill in short term. Market sell today sold right into a daily demand zone. If this holds, think we can see a smaller 5 wave count up to test gap fill and possibly retest 296. My plan is to watch price action in this zone here we are...
If you saw my prior education post of why I trade post earnings, this is another perfect example. Leading right into earnings price was right between supply and demand zones. Earnings release rocketed the price right into supply and, not surprisingly, sold right off back down into a demand zone where we currently sit.
My overall thought is leaning bearish here....
The break down this month has necessitated a MAJOR change in my Elliott Wave count. While the long-term is still ultra-bullish, actually even MORE bullish with this new count, the intermediate term over the next few months is looking quite bearish.
With a global liquidity crisis mounting people will need to sell ALL types of assets to be able to survive this...
Speculative Wave Theory, on TSLA
Strong R 806
Impusilve wave is running
The correction wave is for short-sellers.
The tail has been created with volume raised. The recent tail ( valid ) has crossed average volume which means sellers are ready.
Very soon we will get correction waves.
I don't think the price will cross above 806 above.
We have traced wave ABC and and it gives us targets
N=1752
V=1684
E=1796
NT=1708.
We have just breached B heading upwards so they are currently in play
Hi traders,
The dollar is poised for more downside. I'm looking for a textbook 1-2-3-4-5 structure that will complete wave C. Price is set to correct into wave 2, after which I'm expecting further downside into wave 3.
With this being said, however, it is advisable to wait for proper confirmation as this analysis is premature - more market data is...
This is similar to most of my other posts. We have breached B, meaning the targets listed are in play. We are approaching NT, our first projected resistance level.
It should also be noted we are near a recent ichi number. Refer to my long term post linked to see the other ones.
Price has been in a bearish trajectory for the past 2 months.
According to the rules of the trend, price has completed a Lower Low.
Weekly chart shows a clear cut Pin Bar candlestick! This is a reversal candlestick pattern.
Zooming into the H4 timeframe, price closed with an engulfing candlestick resting on the 1.08612 resistance level.
I spotted a new...
FOMC today is going to be the catalyst for this move today. We could get some spike down first though, so be careful on this. But overall the structure is tell me that his move is going to happen!
Hi Traders hope everyone is well, Just thought id share my own thoughts on GBPUSD. I really like the REPLAY TOOL tradingview has i practice all the time (These are my own thoughts trade at own risk)
