DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
LTC hovering at channel resistance.
Breakout and close above will permit long entry, targeting 2.618 ext of the 0.786 retracement (wave 1-2).
I am still bullish with our wxyxz count.
- Two critical uptrend lines to watch:
~black: wave 3-4 lows
~ red: beginning of wave 1 & wave 3 lows
-->Obviously, the black one is more significant (textbook & in reality).
- One critical channel to watch:
~ the downtrend channel on the right.
- One extreme support to watch:
~ dotted line $0.30
- One local support to watch:
~ red line at ...
There is a valid 5 wave structure in C of 4 in lower TF. We can now go for long for wave 5 of one larger degree.
We can go for long and take profit at each target line.
This is a W1 chart of Microsoft.
The purpose of this post is to follow major companies whose share price affect the general financial market in order to anticipate the depression/recession that is to come.
This analysis is based on EWP in combination with fibonacci levels, and some reversal candle stick formation in the end.
After the correction of 2008-2009, ...
Assume count is correct we still have room for upside that is wave 3 of 5 and wave 5 of 5.
Despite strong bearish divergence on M1 chart, we still need pattern completion.
Should this idea come into fruition, I expect a sharp reversal at ~218 (probably for wave 4 of 5), and ~297 (completion of 5 wave structure).
All in all, even though there are bearish candle ...
WXYXZ is done. Long setup as prescribed.
Add on channel support.
Add on channel break & retest.
HODL and sell at target.
Price reached the 1.618 extension of wave 1-2, which coincides with the resistance trendline formed by the leading diagonal. This resistance trendline was drawn during the formation of the leading wedge and has been on my chart since as the price level around the line is respected multiple times.
Assume guideline of alternation applies, we can short to / rebuy at ...
This is in continuation of my previous IOT long idea, I am posting it separately to keep track of candle sticks formation.
There is a possibility that this is a 1-2-1-2 structure which should be followed by an aggressive impulse that is wave 3 of 3.
Price is now hovering at .618 ret of recent bull swing. It is a good place to open long positions with SL at invalidation level. (Although it is still ~10 cents away, so build your position size accordingly).
DSHUSD printed a beautiful inverted hammer candle (classic reversal pattern, just like the hanging man signals a trend reversal in an uptrend) just below the structural support dating back to last September. In addition, we have an extended bullish divergence on the daily RSI.
As yesterday closed green, we can open long positions with a SL below the open of the ...
Quick update as we closed our daily candle for July 13th.
The green daily close and volume profile support the inverted H&S pattern.
If this pattern were to come into play, the price action cannot retrace to the common retracement area of .786 of leading diagonals. But that's alright as the .618 level is being defended strongly and a retracement that steep is ...
Gold -0.47% is at an interesting price from a technical stand point.
Last week's candle closed as a green dogi with a low wick that respected the support trendline formed by two major anchor points:
- Nov 30, 2015
- Dec 12, 2016
There have been trades that punctured the supporting trendline this week and we made new low compared to last week, but the price ...
Brief rant before actual analysis:
If there is anything I'd like to get across from this chart, it's that using inverted charts in bear markets can be extremely helpful when it comes to analyzing wave patterns.
If you go to my recent ETP long idea, (although I didn't show my wave count on my inverted chart), but I was confident of the idea simply because there ...
As expected the price has broken below the support trendline of the ascending wedge .
However, it is still unclear whether the bullswing from the $5755 low is an ABC structure or a 3-3-3-3-3 leading diagonal pattern.
Price is now hesitating around the .618 ret region as I am writing this.
Oscillators on many TFs are approaching oversold regions but there is ...
This is a H12 chart.
Today, we made a new low at $6.75 which punctured the june 24th low of $6.8926.
There is a clear and completed ABC pattern that was anticipated since last month, which was terminated on June 24th's low. (See related idea: Keep track of this short opportunity).
The question now becomes:
Is the wave 1 of the impulse to the upside still intact ...
Continuing on previous IOT short idea where I shorted wave C of 4 - expecting an extended 5 wave structure following an irregular flat.
Now price action has reversed at the start of wave 1 with a valid 5 wave structure that is wave C of 4.
We can long for wave 5.
Continuing my previous idea (in related ideas below)
Channels are one of my favourite setups.
They allow me to clearly identify my entry, targets, and SL. Whereas fibonacci levels can be subjective at times in terms of which wave's fib levels are being taken.
I am in at $17