GBPJPY is taking back the last starting point of the corrective impulse wave, it's heading towards the targets. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your TRADES...
DAX is in a short trend for some time, but buyers took back the previous start of the weekly impulse. It's a long sign, however, this is only a move... no trend is built up on the weekly. I assume we'll see a correction of this last weekly long impulse wave, bringing the price back in between the long and the short trigger zone. Then we'll see where it's...
Weekly chart is long, we're in the correction. The steep impulse move up, visible on the weekly and the daily, right into the main long trigger zone indicates possible further longs. Every green zone is either a long trigger zone or level where price may turn, so from zone to zone, I'm looking for long trades. As long as it's valid... which is now until price...
Within the correction, a long wave to ride it here, if the daily doesn't close below the validity zone. But remember, trend is short, so we are trading the correction here... Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST...
DAX reached the inflection zone but hasn't confirmed the turn yet, and the previous start of H4 impulse up has been closed below on H4, so we are in the correction of the correction. It means, lower RR and smaller trade size. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the...
The market made a sharp impulse wave down in June, then it built up a countertrend. A break of this countertrend is valid already, it just thought it would go for another corrective round before... we'll see :) All-in-all, important levels are marked on the chart, the short trigger zone is to be watched closely, and to be modified in case the countertrend...
Primary trend changed recently, supporting the short side. All other comments are on the chart.
COTTON is going south. There was a stop at a weekly technical zone, but it was broken badly, so I assume price is heading south towards the next weekly zone. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember...
Price tested the 78.6 fibo level and there was a new high on H4. If H4 closes back the start of this previous small impulse move (13153.8) , an early sign appears to go short. In this scenario H4 turns in the direction of the primary trend, but daily is still in correction, so it's the correction of the correction... Trade safe! ⚪️⚫️...
Let's wait for the ECB and the advanced GDP data from the US, but technically, it's turning... If price stays above the green zone this week, there is a chance that the primary short trend turns long. But it's not there yet... Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the...
The market is in a long trend on the daily that is the correction of the weekly short impulse wave. The waves look nice and leading to a higher correction, green zones are the reaction zones, below the red, primary short trend resumes. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs...
Buyers and sellers are still fighting on the Bitcoin market. No decision has been made so far. Short term moves are there, long and short trigger levels are the daily closing prices of the one before the previous wave. Remember that primary trend is short, so when the weekly zone is clearly broken at least on the daily, it's a nice ride all the way down to the...
As the countertrend has begun on every timeframe, my focus is on long trades. I marked the long trigger zone (that can be moved lower in case further waves down are printed), from where it may be nice to go long in the correction. Targets are corrective fibo levels. Idea is valid until the inflection zone is broken. Trade safe! ⚪️⚫️...
One impulse move down, on impulse up to a higher high on the daily that happens to be above the last weekly south breakout. This gives a hint that we should be looking for long trades. Above the red zone, definitely. If this holds the price and it starts to go up, breaking the currently valid short countertrend, price may complete another impulse wave north. The...
Daily impulse wave down is marked by the red channel, countertrend breaks below the short trigger zone, targets are marked by white. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a...
Market corrected all the way down to the daily support zone, and may come back into the countertrend of the countertrend , then long trend may resume at the long trigger zone. Long term shorts are only below the short trigger level. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about...
After the last impulse wave down, the market built a nicely visible countertrend. Until the inflection zone, the primary trend is short, so I'm looking for short trades. The short trigger zone valid at the moment is the last north breakout on H4 and the last local low on the daily (from where the price made new high within the countertrend). Taken back by the...
NATGAS closed below the starting point of the last impulse wave up, meaning the trend has turned on the weekly chart as well. This short trend is valid until the brown validity zone is taken back by the buyers. Any move up is only a correction of the south impulse wave, and a break of this countertrend makes the price fall. Of course, it can go on falling, but a...