Hi Traders :)
I am placing a short position NASDAQ:FTNT for the following ;
1- A bullish Bar (2D timeframe)
2- Momentum divergence between W3 & W5
3- I can count 5 waves
Loss stop is 97$
Best of luck :)))
When frustration exists in market, it means a good opportunity to buy.
I was able to count a complete ABCDE correction down BITFINEX:BTCUSD... you can see that there is a strong Bullish BAR in a 4 days time frame, it is clearly an indication of market reversal to the other direction.
Where are we from the Wave Count?
When we look at the bigger...
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and...
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short the...
We have been waiting since a long time the awakening of BITFINEX:BTGUSD and this could be the end of the hibernation. All factors have been met as of this moment in a 2 day timeframe including:
1- Clear long ABC correction.
2- Bullish bar.
3- Divergent in the momentum.
4- A new low was achieved and it did not go lower.
At the same time, we are...
We believe that TADAWUL:3002 is witnessing an end to the correction of the 2nd wave, we should face a strong impulsive wave!
If we are right, then our entry should be at 9.30 with a loss stop of 9.14
Hello Traders :)
Now, it is a matter what price it will be hit first :) so we have two options:
1- Price hits 10.24, definitely go long and buy big time :)
2- Price hits 9.79, defintly go short and sell big time :)
There are no buts, the rule is clear :)
Happy Trading :)
Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend!
We should be targeting between 13 to 17 SAR...
Hello Traders :)
TADAWUL:2280 it has been crazy, it was in a beautiful trend up, heavily corrected and retraced 61%! we believe it is the end of correction of W4 and we should expect W5 to come up soon. We target between 75 to 95 SAR :)
Tadawul declared that the Saudi Market requires more listed Reit Companies in Saudi Arabia TADAWUL:TRTI, and they justify that there is a need and more demand from investors. It has been one year so far and we do not see such demand from an Elliot wave principle, which makes us produce two theories of Elliot Wave
1- We are facing a temporary...
Hello All TADAWUL:8200
Just to define the elliot wave on Saudi_Re TADAWUL:8200, We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :)
My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
To all who say that it is a bubble :) remember my words
we are on the 4th wave of a larger degree third wave. Which means that we need to achieve the 5th wave :) this is where we are today :)
if the correction of this wave is over at 8920 USD, then we should expect a short target between 12,645 USD to 15,055 USD :)
Happy freaking trading and...
we can witness a complete 5 waves BITFINEX:XMRUSD AND we must go through a correction.
According to the fib retracenement, we should expect a correction between 110 USD and 70 USD.
I also noticed that there is a pattern occurred twice where there was a sharp decrease in price " highlighted in the chart". this is a strong indication that this...
We are currently on the 4th wave of the 5th wave of BITFINEX:IOTUSD. This means that we are correcting the long 3rd wave, and it looks to be a simple ABC correction, 38% FIB retracement and a strong bullish bar.
If the 4th wave correction is over at 0.6660 USD, then we should expect the target of the last 5th wave between 1.2 USD and 1.75 USD....
Hello Traders :)
All the indicators I see literately ask me to short the D and I will tell you why:
1- A complete full Elliot Wave cycle 5 waves.
2- There is divergence in the AO
3- The price is far from the lines "MA"
Happy trading :)
A beautiful impulsive move at the initial lunch of EOS followed by Sharp A & B correction, then flat C correction. A bullish bar is present at the end of Wave C, creating a new impulsive wave up, certainly this is W5 which must exceed the high of the previous wave and score a new number.