I have a very strong impulsive structure settuping here with incredibly strong RR. My objective is to pinpoint wave 2 end and enter a long for wave 3. Ill mark my entry with a trade active and close trade somewhere in the 114 to 115 range.
Possible ending diagonal. Major divergence. Could be quick change of trend and quick profit.
Were completing a pullback in my count and i'm looking for a short in the highlighted area.
we should see Wave 3 start on USDJPY very soon. The pink line from high to high is to mark RSI divergence. RSI is making lower lows as price made a higher high. This is usually a sign of wave 2 end. Decent risk reward ratios and a high probability setup. BEST OF LUCK! SHORT ON TREND LINE BREAK TO BE SAFE :)
It's a perfect time to short after this pullback is complete. Short in the Red Box. Good Luck!
no wave 3 extension meaning that wave 5 has to be 1.618 of wave 1-3. Good luck.
I have been waiting for this dump for a while now and its finally here. STACK THOSE LONGS. WERE ABOUT TO GO UP UP UP
Were going to see a bull reversal soon on BTC based off time analysis. I have a reversal 5/30 for a small run and then a reversal back down on 6/14-6/18
We should see more downside after a well needed pullback.
This is such a free short. Also we should break out of this range after this wave down but for the sake of taking profit conservatively I would just close before structure near last swing low. Love, Abardini from Barter Capital
Just a quick long to make a few bucks. Safe stops safe take profit. Good Luck.
okay so we need one more wave down those are the short targets. Stack longs after closing. Easy. Good Night
This is a possible count of the waves we are seeing. It's tough to say that this will be correct and it all depends on the count you use but this seems like it is the most accurate.
there is a very simple head and shoulders on BTC. this would start the final wave 5 for btcs corrective phase. the white horizontal lines are take profit.
This is the kind of thing I expect to see combining wyckoff with elliott. Long Phase B and short phase D and past that Good Luck!
I have made a lot of TRX charts in the past and have spoken very highly on its bright future although all of the technical analysis has mostly been wrong for almost everyone. This is mostly true because of the fact that TRX is heavily manipulated. With that being said it begs the question why does not it want to move? I have a theory that it's a ticking time bomb....
This is the 2 correction patterns I will be expecting short wave 3 and wave 5. Use the 15 minute for entry. I will be updating this chart depending on which correction happens. I will also make the trade active when the corrective pattern is confirmed. Good Luck.