Ok..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and...
This is to illustrate how strong are long term trendlines as price reacted accurately reversing at the touch points.
Major pair is apporaching the long term resistance in the 1.26-1.27 area.
And now it is crucial whether euro could make it or break it.
Let us see what would happen next.
the price is forming a Broadening triangle with correctional waves and intermediate waves, minor and minute waves are also in count, this is not included in the chart as is will be too much on the chart..
the price have been in a strong uptrend the last couple of weeks, and a correction to the break of the triangle, can occur any time soon. a short position can...
NU did a wxy off the .618 fib like EU. I am in from very botoom and will let run. NU's larger wave structure looks like it needs to do one more up to break the high. The 1.618 fib extension also lined up with the 78% fib level, major high to low. So, if it was going to go up in that 3 wave pattern I am looking for, it would make sense to do so from here. It is a...
I think we have something that will at least extend to the 110.00 level, but possibly a leading diagonal that may do a slight correction, so if you didn't take the other buy setups lower down, please refer to my next UJ post which is coming now. And please keep in mind this is some high time frame stuff.
If my H&S formation plays out, COINBASE:BTCUSD may be at the top of a wave failure denoted by X and heading down to Z @ around $7600.
$7600 should hold, unless FUD takes over, in which case we may see the high to mid $6000 range again (one last time). 04/20 should be close to the last day of the bear market.
15 min RSI and MACD looking to downtrend ASAP.
(No...
quick new light on the current gvt scenario.
looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction.
harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent.
in an extreme case this could...
I have had this roughly charted since december, however the wave completions were a fair way off! no I can properly and accurately chart this I am able to share!
I have been focusing mainly on BTC lately to better understand the market during the BEAR period! I have started accumulating BTC and ALTS as the bottome is very close, i would be expecting drops to the...
This is the second chart I've sloppily entered into the world of TV. I'm a rookie so please don't make trades off of my "analysis". :-)
On to the meat and potatoes or potentially the table scraps. There is a potential WXYXZ formation brewing with TRX which can be very profitable once the pattern is complete. It can also do what TRX does best and face plant...
Seeing this whole recent move of BTC as a failed 5th wave up and currently in an ABC correction down, the failed 5th wave makes it an X wave in a WXYXZ correction of the primary count, therefore we are now in the Z leg down where we hopefully finish the correction and finally bounce to the upside. The question remains where this bounce will be, for now I have...
The last wave is probably over, so a major down move is expected on the daily timeframe.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets...
In my earlier post (see related) I shared a map of possible complex correction unfolding as double three.
This map shows possible continuation of retracement of BTC after temporary strengthening within wave XX.
It will be triple three WXYXZ model, which implies even more weakness for the first crypto.
TRX finished a 5 wave impulse and is correctly experiencing corrections. A WXYXZ correction has been completed and TRX could soon start impulsing. The 5 wave impulse could be the subwaves of intermediate wave 1. That means the biggest wave (wave 3) has yet to come. I used the fibonacci extensions at 1.618, 1.272, and 1 to set the targets.
Gold is trapped within a large complex correction labeled as WXYXZ.
Current upward move could be the last wave up within wave X before the last drop in wave Z.
Hello Traders,
Long opportunity under observation XAUCAD, R:R is approx 1 to 1.5+.
Your inputs on this analysis are highly appreciated, considering channeling and wxyxz wave concept.
Thank you.
