ETH on daily chart heading towards final 5th wave, I would start taking profit without getting too greedy, although it may stretch all the way to ~3800. ~Enjoy.
Dow Jones continues to show strength, it's a slow mover as volatility is low for value stocks. - 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction. - Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support. Enjoy!
Please find the alternative en-route to another leg of small ABC correction and beginning of the new impulse wave. Parallel Red Zone, upper line represents trend line resistance and down line represents support. Thanks!
Is market looking for new B and C Elliott Wave correction targets? - Still Neutral, but bit more on 'Bearish' side as major Earnings has passed, market may be looking to book some profits. Technicals 1. Notice there're 3 gaps which Nasdaq may look to fill. 2. Red parallel zone, upper line is resistance and down line is support. 3. If market goes down, new C...
Technical Analysis Chart 1. Clear Elliott Wave Pattern, 5 impulse wave with ABC Correction. 2. Red and Green parallel zone is the short term bear and bull zone. Upper line in the parallel zone represents resistance and down line represents resistance.
Nasdaq en-route to Correction to 'C' wave around ~12K target point.
With Dollar gaining some momentum upside, GLD should follow the uptrend from short term. Find the trading zones defined for trades, each parallel zone has it's upper line as resistance and down line as support. Follow the trend, buy/sell once the resitance/support trend is broken. Good luck trading!