We have 2 possibilities here, and we need to wait for the NFP report coming in 2hours to see if bulls or bears win. ! DO NOT OPEN ANY TRADE BEFORE THE EVENT ! First this ABC count which is coming to an end, would go well with the others setups we have going. Alternate count below suggests we will see some higher prices before falling off the cliff.
We should be in wave (iv) of larger degree wave 3. Wave 4 often retraces between 23.6% and 38.2% of the previous move, but in this case a retracement to alone 23.6% does not give a good enough R/R ratio, I will pass if that's the case. ! The count gets invalidated if price goes below 8.5935! Target will be 8.7000 at first then we will look for higher prices if...
We have been in a complex correction for more than a month now. Currently we are in wave iv of (c) of ((y)). This wave iv correction might find an end very soon and turn higher from here. Look for resistance around 1.6080 then 1.6150. This count gets invalidated if prices goes straight below 1.5900 from current levels.
We are in a large Triangle for blue wave B of a larger degree wave 2. Currently we should be in wave red wave ((e)) of this pattern. This count gets invalidated if prices goes above 1.3375. Triangle patterns always precede the last move of a larger degree pattern, meaning we will see one more push lower for wave C before going up...
We should be in this red Barrier Triangle pattern, currently in the last wave E. After a push higher towards 7120 to 7160 we should see price come down. Invalidation level is at wave A high at 7200.
We are in this big ABC correction where wave B is playing out as a Triangle formation (abcde). Looks like wave e is in place therefore we should see higher prices for bigger degree wave C towards 36c to 40c in a 5waves move.
We should have 5 waves in and a potential big top in place. We should see price go down for at least 3 waves from here and we can short this. Ideal entry zone would be between the 50%-61.8% Retracement levels. But can short right now also. Invalidation point is at 1347. First Target around 1.305. Se weekly chart below.
Looks like we got a Diagonal for wave ((v)). We should now see a 3 wave correction higher before continuing to the downside. Invalidation is at last low 1.4875. Target to be determined.
We are in this large ABC correction and currently in wave C which is playing out as an Ending Diagonal it seems. Ending Diagonals often announce a big reversal. Wave 5 is often a throw over, meaning it goes a bit above the upper trend line. (In rare occasions it's truncated, does not go above wave 3 high) Volume diminishes while the diagonal unfolds and ends with...
We got a nice sharp move up from 80 to 160, followed by a flat correction ((abc)) now we have a 5 waves move up (orange) and are currently in wave ii which usually retraces 50% - 60% of wave i. If price goes below 110 consider this as a big ABC correction and expect price to fall further and make a new low.
We have an opportunity here for a wave 3 of 3/C higher. But I would like price to fall a bit more before buying. I think 78.60 might be a good place were price could find support, as we have the 50% Retracement level and also all Moving Average are together. Notice also the Cup and Handle pattern. Even tho it's more V-shaped (hence, a bit less reliable), I...
After reaching a top at ~2740 price fell in an impulsive fashion before rallying back up but only in 3 waves, meaning it's a correction and that we should see lower prices. We can short this now. Stop : above last high @ 2740 Target : 2630 at first and we will adjust depending on price action. Here you have the overall move
Bitcoin (and other cryptos) made a nice spike up since the potential bottom in December. This move might be the first of a potential big rally. Right now we can count a big wave up followed by an ABC move down where wave C is an Ending Diagonal. This suggests price should go higher from here. Notice also that Bitcoin is inversely correlated to stocks and a Sell...
Price made an ABC move up and we saw price fall sharply after price reached 111.10. We might now be in wave A of a ZigZag or wave 1 of an impulse. After a pullback testing the trend line we should see price come down. The direction of this is bearish no matter what count we might be in. The only difference is were will price most likely go from here. I favor a...
We got a clean impulse wave down for blue wave C of lila wave (B) We should therefore see price go higher for wave (C). I think we might be in a triangle but will be sure once wave (C) is completed. We will adjust our view depending if price moves up in 5 waves or 3 waves. Anyway, you can buy after price breaks above the upper channel line & MACD cross.
We are in last wave (v) of wave ((c)) of alt B. Once this is in and we see divergence between wave 3 & 5 and we see price break outside the channel, we can look to buy.
Looks like the dollar might find itself in trouble here. We should see price come down if this wave Y of B is in. This also confirms the expected moves in EURUSD, USDNOK, AUDUSD, ...
We have a clear impulsive wave down, and are currently in wave 4 which is playing out as a Triangle. We can short this because we have a very tight defined Stop which is above wave E of the triangle.