Epic shorting opportunity here!! The past 10 years looks to have been a huge 3-3-5 flat. Given we have had one impulsive wave to the downside prior to it, I believe we will get one more impulse to the downside to complete the correction. Reasons for: - B shows a clean 3-3-5 flat - B completed at the .618 fib retracement of A - we've only had one impulsive wave...
Looks to be putting in a large triangle for the B wave with the C wave of this triangle very close to completing. Bearish divergence on the daily and weekly TFs. So we pull back at least, but i'm looking to short this D wave down to $105. GL!
Bullish divergence; clear 2 wave structure. Ride this 3rd wave up. Looking for a 1:1 ratio and should see BCH hit ~$139. GL!
Waiting for this b wave to complete. Long anywhere from $114-$120. SL at $105. Excellent R:R! GL :)
Rising wedge has backtested the lost support. Decent R:R shorting from here. GL!
Nice falling wedge structure on the daily. Bullish divergence there too. Decent R:R. GL!
Wyckoff accumulation phase on the 30M chart. Excellent scalping opportunity here with an amazing R:R. SL at the recent low. GL
Looking at a possible ABC correction here. If B has completed, we should get one more impulse to the upside over the coming days to complete our C wave. 1st target is the 0.618 fib; 2nd target at the 1.0 fib. SL at the most recent low. GL!
Each time a previous support is lost it is eventually retested when new support is found. Bullish divergence on the daily. We pop up to high 30s IMO. GL all!!
In the latter stages of Wyckoff distribution. Needs a daily close below $311 for markdown to begin.
Looking for a move to the upper part of this TR.
SPX looks cooked! When looking back on the '00' and '07' crashes, each one has had a minor retracement after the initial dump from ATHs before the huge dump. This retracement is the equivalent to the 'complacency' phase on the Wall St psychology chart. I'd look to your fibs from the ATH to our most recent bounce for price targets: 0.38 fib - $2637 0.5 fb -...
As an Aussie, I hate to say this, but we are f**ked! It would appear as though the ASX is in the latter stages of Wyckoff distribution and ready for markdown. I'd wait to see a daily/weekly close below the trading range before opening shorts though.
Just completed the ST in phase B. Now looking for a move up to 3600-3700. SL at the most recent low. GL!
Needs to put in a corrective C wave for this flat. Excellent R:R here with a tight SL. Bullish divergence too. GL
Wyckoff accumulation appears to have finished. Coiling up just above resistance and would put it late in phase D. Phase E should begin soon! Also, there's bullish divergence on the monthly chart (not shown) too. Buy and hold this one for a while guys :)
Expecting silver to drop over the coming hours if this is distribution. Signs of weakness are already there. Plus the cheeky UTUD bull trap earlier. If we do get markdown we should see low 14s. Very similar to oil a few weeks ago:
Looks like WTI is currently in a triangle structure with 4 clear 3 waves giving us an ABCD. So I believe we will get a 3 wave structure to the upside giving us an ABCDE 3-3-3-3-3 triangle. Going to long here with a stop at just below the wedge floor.