Wave structure is ready. Possible decline is coming soon. If price breaks the supports line be ready to get SHORT on 27.63 line.
The main target for me is 4th wave zone.
According to big picture this move down can be only start of future huge correction for company.
EURUSD is still declining according to revesral plan.
Today I suggested to my close channel team to get SHORTs on it. One is short-term - now it done and one middle-term.
You can follow updates in my Telegram channel. I will give zone to get more SHORT a bit later on correction.
XAUUSD mostly gave us target on this week (we close position on 1211.45 instead 1217.00) and started to decline.
Formed C wave is 62% of A wave - it's truncated wave C. Futhermore it means correction is over and we gonna be ready for new LOW on market.
Shiff lines are on chart - initial line breakout is last element confirming a reverse in local scale.
USDCAD had a strong decline during several days this week - i started to think about fault in my count. But reverse appeared through H&S pattern.
It's very important to wait till mediane is broken. It gonna be very good signal to take LONG with upHigh tagret.
USDJPY gives us excelent signals during several weeks.
But, primarily, i counted our location is 3rd wave om market. It was going (in my count) to climp up in a fast way. According to price movement i began to see on LONG with caution.
We have LONG position in close channel Telegram that i gonna close after mediane will be reached.
This idea suggests to look...
EURUSD gave us good opportunities for both - long and short despite on rather complicated market during this week.
Now we are looking on one more downtrend wave that will finish flat moving since august' end.
Possible way can be considered by mine is truncated C wave with 61% of A and identical 100% fibo of A with exact 50% mediane target .
Regardless on bitcoin's suspense, DSHUSD is most likely forming a triangle on market.
This trade can be evaluated as rather save deal with good price open and stop level.
DSHUSD is going to decline if BTCUSD corrects on next week.
On other side, UPtrend can drag on that can be reason for DSHUSD rising.
On both ways, you will get some profit with...
Again, slack uptrend is going to finish. Factors confirming this idea are following:
- pullback after 50% mediane is 38% fibo (on chart)
- MACD divergence
- RSI divergence
It's too early to say how long in price and time the downtrend will be, but after one more high on BTCUSD you should take away all positions and start looking for SHORTS.
Now it's good place to buy some XMR. The price is close to all time min since correction began and you can place stop order very close to it. Potential for future growth is very high. I placed 161% point for trade but i'm sure the price can go futher up.
It's two ways price declining for now but the destination price is the same. You can also find H&S figure - i can't see needed volume on right shoulder.
So, now it's still good time to sell ETH and close it about 550-500 dollars. More details will be available after waves 2-3 forming on market.
For now, it's rather understable market situation and only variant stay real for decline.
Price for new low is 7103, but a litte after we can compare impulse waves with fibo levels and predict more exact price for decline.
Wait for update.