NZDJPY recently completed its impulsive wave (see chart for breakdown of impulsive schematic).
We are now in the corrective phase, which is an ABC correction. We are almost at the completion of wave A. Expecting one more move lower to complete the 5th subwave of wave A. Expecting a deep pullback once the 5th subwave has finished.
Whilst we wait for wave B, we...
Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen...
Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5.
We have the...
Netflix is one of the many companies that used the global pandemic to their benefit. With millions being in lockdown, there was only so much board games you could play before you switched on Netflix.. and chilled.
When the pandemic hit in March 2020, Netflix saw a staggering growth of almost 100% in just a few months. In total, it went on to gain 142% from the...
Following on from our last post, we are seeing the wave B decline and almost at completion. We are anticipating the next wave C during the FED rate decision on March 16th. Depending on what they decide on how to deal with the balance sheet, we may see a nice relief rally.
The area to look for a bounce is the recent structure level at 13,000. If we move below that...
NZDCHF is currently making its way to the 618 fib where we are looking for a retracement back down to atleast the first structure level at 0.626.
Watching closely for rejection of our sell zone and lower timeframe bearish price action to indicate that the reversal is on the way.
Trade Idea:
- Watch for rejection of 61.8
- On lower timeframe watch for your...
For the Past month, btc has been on a downtrend. At this moment the market created a low @36375.25 price and went all the way up to create a high @39250.00 price then, goes down again to establish a new low @34320.00 breaking the previous low. The next day, price surged upwards mitigated the previous low and breaks the previous high as well as breaking all the...
The market is forming a bigger correction in 4hrs so on 15 min it just completed wave b. we expect the markert to continue lower for wave c which is over a 100 pips.
Solana has clearly created a head and shoulders pattern with no sign of reversal we also have a fresh demand zone at $70 which I think is the best place to target. Tell me your thoughts and share your analysis in the comment section.
Bitcoin has been in an abc correction which recently formed a head and shoulders pattern personally I think the only demand zone strong enough to reverse it is at the $30k level which also happens to be the C wave of the correction.
Hello Fellow traders I have come to present this nice setup in this currency pair. EURUSD was seen going down till it got to the over sold level of the RSI and retraced then came back and broke the support level in the daily chart, but in the RSI chart the first test was deeper than the second test that broke that first test that created the support.
There...
In the chart you can see 4 main levels where price has reacted and ranged between. We can use these levels as reasons for entry (via retests) and take profits.
Watching to see if Doge breaks the descending correction and pushes pass the first level indicated sow e can get in with a buy.
Goodluck and trade safe!
LItecoin had a brief period where it collapsed and consolidated. We are now at a double bottom area where we anticipate price will use the double bottom as a spring to create another bull run.
Wait for buying pressure.
Goodluck and trade safe!
LItecoin had a brief period where it collapsed and consolidated. We are now at a double bottom area where we anticipate price will use the double bottom as a spring to create another bull run.
Wait for buying pressure.
Goodluck and trade safe!
Anticipating the next bull run to surpass the all time highs!
Entry: On lower timeframe, wait for the break of the descending trendline to break and get your entries in and stops below the low.
Goodluck and Trade safe!
Anticipating the next bull run to surpass the all time highs!
Entry: On lower timeframe, wait for the break of the descending trendline to break and get your entries in and stops below the low.
Goodluck and Trade safe!
After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
Goodluck...
The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
