BITSTAMP:BTCUSD I feel Bitcoin will trade within the Falling Wedge Pattern through the month of October, and possibly into early November. The Parallel Channel should act as container until capitulation. Here is what StockCharts . Com has to say about this pattern: The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move...
EURUSD I've revised previous EURUSD chart, linked to as related idea... Revised Target Projections: AB=CD Pattern 1.618 Extension = $1.16507 ABC Wave of "Y" Extension = Yellow Dotted Fibs 100%: $1.1708 123.6%: $1.16701 138.2%: $1.16462 161.8%: $1.16077 WXY "Y" Wave Extension = Pale Blue Dotted Fibs 78.6%: $1.16978 (Target Hit Today Sep.22,2020) 100%:...
FX:EURUSD Link to Related Idea Below... Price Low EURUSD: $1.16514 Tested and Held at $1.1652 Locally! As of the moment of publishing EURUSD Price: $1.1673 I break down the target prices for WXY & ABCD Patterns: ABCD(revised) 1.618 Extension Target = $1.16507 (EURUSD Low=1.16514) Fractional miss; Target Considered Hit ! WXY "Y" 100% Extension = $1.16426...
BITSTAMP:BTCUSD In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically! Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing...
After March-Sep.1 Rally I'm looking at potential WXY Correction w/ AB=CD chart pattern. 100% extension of "W" wave: $1.1659 AB=CD 1.618 extension: $1.16639 23.6% Fib. Retracement(March-Sep. Swing): $1.1686 OANDA:EURUSD Extented "Y" Wave Targets 123.6% : $1.1598 138.2% : $1.1561
Hello Fellow Trader! Historical resistance could now be current support at 1.18280 zone, where we must hawk any type of bullish candle reversal or price behaviour for upside entry. EUR/USD also has a 50% Fibonacci cluster at this zone providing further confirmation for support. Key Points: - Price holding above the 200 EMA - Price holding below the 50 EMA - 50%...
Hello Traders Today i'm doing an updated on Silver. A few weeks ago i posted a possible triangle formation for wave 4 but triangles are very tricky, so today i'm doing another possible wave count analysis (Still bearish), a WXY where wave A is a ZIg-Zag wave X a triangle and after triangle breakout an impulsive decline for wave C.
Good day Traders Bitcoin: Expanding diagonal invalidated & seeing this as a completed wave 4 correction for now. Bet there's plenty sitting on sidelines waiting for that 10.5k entry.. More likely to me that this just grinds up from here. Daily order block and 4H EMA200 holding strong. I reckon we should target that $12.8 - $13k weekly resistance next. Good...
Btc looks to be consolidating correctively but looks like there is opportunity for a c wave to get up to 12.5-12.7
Decided to check on the long-term big picture, following CPO recent strong up-move towards 2800 area (again!). ---- marked: grey zone 2600-2800 zone is kinda midpoint to the decade-long correctional pattern following '08'09 subprime crash. A fib plot of the sharp plunge, shows each levels coincides well with CPO major support & resistance zone. As of...
UsdCad has ended correction and touched the trend line. Should continue up. Least target is 1.4-1.41.
Interesting level here in USDCAD. The primary Elliott Wave pattern suggests a deeper cut, perhaps down to 1.33. However, we have horizontal resistance turned to new support from May 2017 in the way. Which pattern prevails? There is likely enough support to pop prices higher a little. So long as USDCAD is below the May 22 high, a break down below 1.38 is possible.
Bitcoin (BTCUSD - Bitfinex) has completed impulse five wave sequence from bottom shown in 60 min chart. Now it is correcting it WXY down cycle and moving up in X wave, which is about to over and will start moving down in Y wave.
Dow Jones Industrial Average (DJI - NYSE) is in ABC zigzag move from last low dated 24 March. It is moving up in 5th wave of C wave in ABC pattern (or 3rd wave as impulse). In weekly time frame it is in 5th wave up as impulse cycle, which means in 2 hour time frame, it must be impulse or diagonal structure in up direction.
EUR/USD (EURUSD) has completed 5th wave of A wave of ABC cycle of Y wave as shown in chart. Now wave B correction down is in progress, which aligned with DXY. After that one more wave C up will proceed further to complete the cycle.
USD/CAD (USDCAD) has completed 3rd wave of C wave down as ABC sequence of Y wave. Now it is correcting in 4th wave up. From triangle X wave, Y wave down is moving in simplex ABC zigzag, where C ware is extended.
EUR/USD (EURUSD) in 5th wave correction of A wave of ABC cycle of Y wave as shown in chart. Now wave B correction down in progress, which aligned with DXY. From major low made on 23rd April, price is moving up in (W)(X)(Y) wave up, where (W) and (X) were over and (Y) moving up in further WXY. Currently Y wave subdivided in ABC, where B is finally in progress,...
USD/CAD (USDCAD) is in A of Y wave down as ABC zigzag. Wave (Y) is subdividing in WXY where W wave was completed in ABC zigzag move after triangle completion. X wave was flat correction and now Y is in ABC wave sequence.