TheBrokeTrader

TheBrokeTrader

After the strong impulsive move to the downside we've seen the market correct for the last few hours. It appears the flat correction is not complete and the target is the bottom of the channel.

01:37

TheBrokeTrader

details in the clip.

TheBrokeTrader

Selling Bitcoin here for a RR of 2.6. Price action suggests a reversal. My target is 61.8% retracement as seen on the chart.

TheBrokeTrader

Looks like the 11 swing sequence to the top is complete. Downside break targets around 67.5

TheBrokeTrader

Nice rejection off the 61.8 Fib Target $25

TheBrokeTrader

I have revised my analysis. Looking to enter long again around 50-61.6& for a new target of around 1775.

TheBrokeTrader

A nice bearish flag has formed on H1 RSI at 48. Still limited global economic activity which keeps the demand low. Targetting previous lows.

TheBrokeTrader

Long gold to complete the 5th wave before a bigger correction.

TheBrokeTrader

Short entry triggered as AUDJPY breaks below the bearish flag. Looking for the down move to complete the corrective structure before more impulsive moves up.

TheBrokeTrader

A break could open up 15.5 as the Randis showing all signs of weakness.

TheBrokeTrader

A break below could open another 300+ pips to that 125 level. The current corrective move to the upside is not very convincing.. the storm is not over yet.

TheBrokeTrader

As expected, price bounced off the level with an impulsive move. The target has been revised to 61.8 - 76% retracement of the upward move. Another entry here with a tight stop for a nicely skewed RR of 4.

TheBrokeTrader

The first entry at the break with a tight stop for a great RR. Target around the 18210 area. Will be scouting the smaller time frames for more long entries.

TheBrokeTrader

Cant really gather much from this structure that's forming. Another move higher before completing the correction makes sense to me.

TheBrokeTrader

Looking at the current correction to complete as follows. First leg was 3 waves, expecting another 3 waves up to previous highs with another 3 down back to current levels to make a flat correction for more upside. Got a bit carried away with this one.

TheBrokeTrader

Absa seems to have completed a flat correction with a clear ABC structure. A break above the declining trendline could open up a move towards 20000. An entry will be confirmed by a small correction after the initial impulse (retest)

TheBrokeTrader

With the recent bull run slowing down, the RSI has been diverging away from price indicating short term reversal. A break below might target 50% fib. RSI is already below 50

TheBrokeTrader

Not a pretty one for MTN shareholders. Following the previous impulse to the downside, the price has bounced to 61.8% fib. A break below could extend to 100% of the previous leg