This is what i am looking with the other confluences therefore the market is slightly gonna go up to fill the unfilled cpi fvg then most likely drop to collect the low left sell side liquidity Disclaimer Regaltrader will not be held accountable for any losses occured follow your own plan this is not a trading advice but an outlook
BTC be looking quite a bit interesting using Neo wave forecast it seems as if like we on wave four correction of the impulse of C therefore the current situation that i see is that once we break below the previous low of wave 3 we might be headed to somewhere around 22XXX if not even lesser than that and that will be telling the termination of the major Cycle 1-2...
Since we failed to close above the mid of Channel this shows that wave C of Wave 3 correction has been truncated meaning it failed to go above wave a of the correction this can suggest that the wave 5 will rally down since the suggest that there are more sellers than buyers because of truncation On the diagram next to the chart, i am trying to draw a picture of...
The assert failed to close above 1386x therefore the is still a more room to the down side to go test 161.8 fib zone of wave AB. therefore the complex triangular formation act as an extension of the correction to meet the rules of leg C that will then give about the completion of the retracement or correction In the meantime it is best to monitor this triangle...
This assert since failed to break above the 441x then this simple means that the long movement cannot be an option rn, this can conclude that the C leg is not complete therefore in the meantime we will monitor until we have a breakout in that complex triangle formation
I see a possible rejection at around price 133XX reasons: Following from my analysis when i analyzed TESLA i said long in an overall momentum now is when we get to see the details on the market therefore this is more like the Leading diagonal that has been completed with almost completed break and the price there serves as 78.6 fib retracement which is enough for...
based on the wave analysis we can always watch for reversal on the 618 fib extension and this will results in actual continuation of the trend of which is a long movement
Elliot wave shows long so is the Neo wave and with the incorporation of S N D zones it still confirms following up on the trade idea i posted yesterday This and the previous idea are only applicable if the assert and doesnt BREAK AND CLOSE BELOW 130xx
Okay in all analysis i always add this Guy when taking positions as a secondary confirmation, USD CFD's are hedged with the Vix meaning as there volatility rallies up the CFD's go short meaning the selloff's are hedged with the VIX therefore the Elliot wave proved that the short positions had been because of the upward rally of ABC in the chart which has just been...
Wave four completion plus the major structure not broken below.
Wave four Correction completed refer to trade idea Ger30
Wave 4 correction Completion and Market structural failure to break below Refer to idea Ger30
As we all know that The correlation between Ger30,US30,Nasdaq and SP500 is positive, Therefore we have been working on the impulse move in this four assert which four of them they have just completed The wave four correction. they have because when we looking at the market structure theory both four of them failed to actually break the previous market structures...
this is based on the reaction of the market based on Supply and Demand and lastly Liquidity NB: It is safer to trade where institutions are trading at- Bareng
The analysis are pre described from supply and demand zones plus Liquidity as we know that no zone is simply breaked we need liquidity to break the zones. short sentiments are expected at the previous supply zone. this will come as a result of asserts such as nasdaq retesting the current demand
the long movement is to retest the trend line den will be back to oiginal trend< corelating it with GBPCHF,GBPAUD and GBPJPY say the same thing the Overal trend is SHORT
the price suggest that the potential chart pattern would be completed only if the trend line is not broken above so kips tabs fellas
the chart suggest that the price would go up to retest the neck line and shoot short to the next cz Overal movement is short and so the corerelation support this