If price corrects back down and breaks the low I will be looking to get in long for the long haul! This has huge upside potential long-term. Trade with care my friends!
XEM is difficult to predict now. I can see a few possible movements: a) Impulsive Wave-1 with Wave-1 extension = I expect retrace to 1600sats zone. b) Triple ZigZag Correction = retracement to 1900sats zone So, I'm going to wait how XEM manages re-test of 1900sats zone. Then the next price movements will be more clear. Generally, I don't expect...
Currency pair EURUSD approaching to very strong support build by Zig-zag formation and strategy fts, so cluster Fibonacci levels 161,8% and 61,8%. Besides in this level is formation well known from classic technical analysis named head and shoulders
Ominous portents. Broadening top in September led to the microcrash in October and US Equities have been struggling since. November usually one of the best months for stocks, has only been a down month in 3 years of past 20; those were in Bear Markets... Some very fine textbook chart formations appearing over past few months. The Zig-Zag Correction has led to...
Midterms Tuesday. From MW: "Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18. Even though we’ve had every possible political combination in the past 72 years. Republican president with Democratic Congress. Democratic president with Republican Congress. Republican president...
Nearly there. Probably another rough day or two to get crushed down to support and complete the Zig-Zag correction (WXY). Elliott ABC wave near support. Expect a hammer Doji, a deep spike with reaction lift. Maybe Tues/Weds. Who knows, utterly unpredictable atm. Spy might get down to 253. Nas- who knows?! If index breaks and closes below the blue pivot support...
Fibo 0.62 retrace from Mar/Apr lows to the Sep high intersects lower support trendline at 24750. Lower is possible, but... just sayin'. See Chart: res ipse loquitur. The downdraft should stop and pivot somewhere between the two support lines in chart. Should. Might. Expect a 0.50 retrace up from the pivot before next move. Expect another flashcrash to test the...
Starts to look like US 30 might fill the pattern in this bearish Gartley model after all. After 3 days of hard selling, pressure may abate and we ought to get a lift off the pivot at 26000, we saw strong resilience in US 30 over past sessions. In past two days, pattern of fierce selling relieved by bargain hunting in the afternoon. It appears that rotation is...
After a shallow brief wave 4 now in progress expect higher again for a week or ten days. Wave could carry Dow back to Jan high or perhaps a bit shy. Should get within 2 percent. By early to mid-September we could see Dow reach a new alltime high, although it has lagged Sand P and Nasdaq is a real bubble. Market was forming a smallish wave 4 when the Donald...
Reasonably confident these wave counts are accurate. It's more art than science. Look at Mark Rivest's counts , he is even more optimistic than I am: We've got a triple combo 5-V-v wave forming off the shallow 4th wave last week. My Fibo projection for the last stage of the rally is 2937, but it could blow through that easily, won't be surprised to see it over...
US 30 traded below Tuesday high of 25888, closing 98 points lower than 8/21 high, failing to confirm Sand P new alltime high on 8/24. The zig-zag pattern is evident on chart. I marked this one as a more complex ABC structure as a 5 wave reaction (ABCDE) is evident in A wave. Combined with bearish Gartley pattern confirmed 8/21, this latest rally attempt looks...
Folks, We got blindsided by a surprise bull run Friday 8/24 which seemed so unlikely I was horrified and amazed all at once. In retrospect, some sort of rally was to be expected off the Thursday low prices, and I hedged my bets in case, but this was quite bullish indeed. In spite of making a new high closing price on Sand P, US 30 did not confirm the high...
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21. Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531. Possibly...
Here it's a detailed zigzag wave pattern on bitcoin.
If BTC is in the latter stages of a correction then the chart shows where that may happen. I do not label my waves like the "pro's" but only in a way that make sense to me while adhering to the same EW principles. It would be interesting to see if this scenario can play out but a strong move below that zone and BTC could be in serious trouble (if not already).
GBPCAD is under short term correction with Wave C in progress. Buying opportunity comes at 1.6250 levels @ 50 to 61.8% retracement zone where Wave A = Wave C for Zigzag correction with stoploss just below the current low around 1.5835 levels with targets around 1.7060 and higher. Free Analysis : www.prowaveanalysis.com Happy Trading!
Expected zigzag pattern on EURAUD. waiting for breaking down (b) point of the triangle to go short Good luck traders
Maybe soon, It can keep pulsing down, but a buy on a good breakout might not be a bad idea!