I am back with a bearish outlook on $TSLA.
Looking at large timeframes, we are possibly hitting exhaustion points
Since higher timeframes are pretty significant we should favor a bearish scenario for the incoming week(s).
For now, no bearish targets, it is too early but trading ideas should show up next week.
The S34 opening sell signal is likely to show up tomorrow at the open.
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is...
RR around 4
Daily S34 exhaustion point incoming
Look for a daily open above 436.56 to go short
Could match touch of either :
Supply Line (level8) // Gray dotted Line
BO Target of Supply Line (level1) // Orange solid Line
$DXY is looking it wants to bottom.
These are the elements in favors of bulls:
A recent bullish divergence on the RSI indicator.
The RSI has found support on 40 level
The RSI divergence perfectly matches the end of a bearish Wave5
The Bullish Wave 2 has been triggered and marked a low signaled by S34 and A55 exhaustion points
However, there are still...
EURUSD has recently drawn a clear and complete Elliott wave pattern.
Waves 3 and 5 have perfectly reached their objectives, as well as wave C.
The ABC corrective pattern is complete and the price is now consolidating below 1.20.
The Elliott Wave indicator is now pointing out 2 scenarios:
- a bullish wave 3 in progress
- a bearish wave 4 in progress
$DJX may be on the verge of a major decline.
Many signals points into that direction:
- S13 exhaustion point recorded today (October 6th)
- Daily Price Flip
- Daily close near Demand Line
- Wave B recently triggered after a recent advance of 5 upwaves
- RSI lagging near neutral zone
From this observation, 3 different scenarios can be drawn:
1. Moderate Bear...
The #VIX is on the verge of renewed volatility.
Following the spike at the end of February, volatility then calmed from mid-March onwards.
Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13
A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid...
$BTC bounced back stronger than I expected.
It actually reached the 61.8% Fib retrace of bearish Wave 3
Now Wave 4 (bearish scenario) has been triggered and a Sell SU9 has been recorded
Wave 5 may have started with the recent price flip.
If wave 5 is properly underway, the most optimistic target is between 9,000 and 9,800 USD.
This could coincide with a trip...
#Tesla potentially reached the end of its bullish 5 wave on September 1.
The first bearish leg could indicate a retracement of wave A and the current upward movement is a wave B.
The price is currently reaching a first zone of resistance (between 50% and 61.8% retracement of Wave A).
This zone also coincides with:
- The triggering of wave B (and 2 of the bear...
$BTC has just reached a potential Bearish Wave 3 Target.
Now Wave 4 (bearish scenario) can begin and reach a price target between 10.400 and 10.700 USD (max 11K USD)
Once wave 4 is over, a bearish wave 5 is expected.
The most optimistic scenario is that:
- Wave 4 retraces 38.2%
- Wave 5 Fib projection doesn't exceed 100% of Wave 3 amplitude.
In this case, there...
$XAUUSD has reached a weekly local TOP here on a 9 Sell setup combined with a C21 combo countdown.
Wave 5 is also in progress but it is too early to confirm its completion.
Positive elements for a bullish continuation
- The most recent Sell SETUP 9 resets the previous countdown since its size is between 1 and 2.618 the previous TD Sell Setup.
- Still no signs of...
$BTC has just been rejected by TDST Resistance line.
MATHR3E REI indicator was overbought (>40) in a bearish/oversold territory (red background).
Wave 4 remains in progress but is competing with a potential bearish Wave 3.
The area of support between 10.600 and 11.000USD is still a good support zone to contemplate.
However, today $BTC has just triggered a bearish...
$BTC wave 4 is still in progress
The first area of support between 10.600 and 11.000USD has not been touched.
The pullback could be enough with a buy setup triggered yesterday.
However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.
RSI starts to look good.
A stronger correction...
$BTC is showing signs of weakness today:
- Rising wedge breakdown
- RSI Oscillator divergence
- REI Oscillator Weakness
- Sequential 13 Exhaustion point
Elliott Wave indicator is showing we are likely in a Wave 4 Consolidation before another leg up.
The first area of support is between 10.600 and 11.000USD which is the most likely one for a Wave...
$BTC Finally reached the target zone defined in March 2020.
Now we are struggling below 10K with resistance levels and exhaustions points on multiple Time Frames:
Currently at the top of a symmetrical triangle combined with a Sequential S13 exhaustion point.
A retest of the middle line of the symmetrical triangle is possible at the moment...
Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
The symmetrical triangle has held so far and the bullish sequential countdown is still in play.
Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical...