Nice 4H bullish divergence. Should hopefully see a relief rally over the coming days. GL if you follow.
Looking at the wave structure, we have broken the low of the internal A wave of this corrective structure. We should see a C wave up to $2 over the coming months. Note, looking at RSI, every time it has entered this level, it has quickly reversed. On the 4H TF, there's bullish divergence too. So we should see a decent spike regardless. However, this is a long term...
ETH has broken out of long term down trend channel and successfully backtested. A daily close below 155 would see me get out of a long position, but this should run up from here. GL if you follow :)
Needs a third corrective wave. Solid 4:1 R:R from here. Good scalp. SL at the recent low. GL!
Nice bullish divergence on the 4H. Weakening DMI and divergences there too. Needs a C wave to complete the flat. GL if you follow :)
Nice fractal with backtest here on the daily chart. Notice the RSI coiling up like the first setup. Should see 1.31s over the coming hours and possibly 1.32 next week. GL :)
AUD/USD fractal looks to be playing out. Great scalp opportunity for this C wave up. Note the RSI coiling up too. Should pop 30-40 pips over the coming hours. GL if you follow.
Weekly bullish divergence should see this pop a little to complete the flat before continuing to the downside. Great R:R from here with roughly 4:1 return. GL if you follow :)
Nice daily bearish divergence. Looking for it to form a running flat of some kind and put in a third corrective wave down. This is just a scalp only!!! Long term should see this continue higher, but nice R:R setup from here. GL!
Look at the daily setup and i'm expecting a red week this week. Price is still rising on weak AF volume like earlier. Clear bearish divergence. I'd look for flags on shorter TFs for entry, but expecting a $50-100 pullback. Decent scalp opportunity! GL :)
Looking for LTCUSD to hit ~$40 before pushing higher. Expecting this new low to give some daily bullish divergence. Consequently, this should pop to the mid 50s low 60s over the coming weeks. Scale in with your entry though as they (whales) may drive this down below (~$35).
That 1H rising wedge in the RSI looks very similar to the previous fractal. Should eventually break down and lead to new local lows for BTC on the daily. I'm expecting 6K to be breached (a nice long wick to around $5800 wouldn't surprise as longs are squeezed). Note: this is only a short scalp play only. New local lows will likely give daily bullish divergence....
Nice little short play here on the DJ. Bearish divergence on the daily showing signs of weakness. Expecting a nice dip down as the week draws to a close.
One more push down on BTC to mid 5k before we get our C wave up to around 16K (assuming a 1:1 ratio of A:C). Short term, we should pop to around 9K if you wanted to scalp that. GL :)
Patterns tend to repeat themselves in Forex. Here we have an excellent example of a fractal in the EURJPY. Still needs one more corrective wave to the upside. So let's see how it plays out over the next few weeks. GL!
Looking at the previous fractal we've had one impulsive wave up (green box). We've just completed the flat corrective structure (red box). So we'll get one more impulsive wave up. Looking for around ~1.2% increase this week. GL! :)