cellulitis

cellulitis Updated 

I spotted a bearish hammer on WTI H4, I've placed a sell stop market noise below the low of the hammer.

cellulitis

I spotted a potential ascending pennant on AMZN. Placed a possible buy stop above the pennant and factoring in some market noise. Let's see if my trade get's triggered.

cellulitis

Link is on Wave 4 of Wave C on the final leg of the larger Wave B correction. How to trade this? You can trade the bounce off the bottom part of triangle during Wave E or wait for break out of upper triangle trend line. Personally, I'd rather wait for short opportunity because the reward would potentially be larger.

cellulitis

looks like EURAUD is completing wave 2 of Wave C. Currently, price action says we are in some sort of wave 3, followed by a wave 4 pullback. This is a potential Wave C so we have to remember that an ending diagonal could form. So that means, Wave 1,2,3,4,5 of Wave C could be 3 legged ABC's. I'm expecting support around the 1.62 to 1.625 area. This idea is...

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Binance Coin (BNB) against Bitcoin (BTC) has been in consolidation for a while now, an ending diagonal may have formed if my Elliott Wave count is correct. To spot the end of the trend, look for a break above the diagonal trend line and retest and/or RSI trend line break. DO NOT LONG RIGHT NOW We still need to complete Wave 4 and Wave 5 of the ending diagonal's Wave C.

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On a larger time frame EURUSD has completed Wave 1 and 2 and is going for larger Wave 3. Right now smaller Wave 1 of Wave 3 is forming and in that smaller Wave 1 we are in Wave 4. There's a chance the coming Wave 5 could be extended because Wave 3 did not break 161.8 Fib extension of smaller Wave 1 and 2.

cellulitis Updated 

Possible short opportunity for Cardano's ADABTC pairing. We are on a larger 5 wave move down and this is the beginning.

cellulitis

Looks like possible ABC zigzag pattern for GE, just finishing up Wave B as Wave A was 5 waves, we can expect Wave B not to break the starting point of Wave A. Fib extension has a target of $8.36.

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Ford seems to be finishing up a wave 4 triangle pattern and forming smaller wave 1 and 2 with possible short price target of $2.80.

cellulitis

Looks like we are in Wave 4 of some sort with an ABC correction. Currently in a Wave B channel with possible short opportunity when price action breaks the channel or RSI which ever comes first, to the $600-650 area.

cellulitis

I spotted a 5 wave wedge pattern near the near of the previous up trend which tells me there could be a possible Elliott wave ABC pattern forming. The B should not break the start of wave A because wave A is 5 waved. It would be possible to short wave B to wave 5 for a nice risk reward ratio. Aim to short at 50 or 61.8 fib of wave A.

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Elliott Wave rules state, corrections always finish close to the previous wave 4 of one lesser degree. Right now we are in correction and previous wave 4 finished at 2356. Now there's an exception to this rule. IF corrective wave is sharp, then retracement will go to 50% (2032) - 61.8% (1708).

cellulitis Updated 

BTCUSD on a higher time frame just completed Wave 4. We are now looking at a sub Wave 1 and Wave 2 (still being completed). I've drawn a channel on the wave 2 correction, could become complex and could retrace 78.6% of Wave 1. Once channel breaks downwards we will likely hit $3000.

cellulitis Updated 

Husky Energy is on the final wave 5 of it's greater wave C correction which may see a potential bottom of $3.57 in the coming months.

cellulitis Updated 

After today's pump, it's clear to me that we saw a wave 3 that broke a channel trendline I had. Look's like wave 4 is starting to form now, we could see price re-trace to $7300-7900 and then followed by a further push up. The bearish trend for BTCUSD should be done from this latest rally.

cellulitis

Have not posted in a while, been busy with forex. Looks like bitcoin may have finished it’s extended Y-wave. There was an impulse wave which could potentially be a wave A. This possible wave 2 or wave B is a triangle pattern which just finished wave C and going for D and E if the count is correct.

cellulitis

Don't let the triangle or pennant fool you, it's not a bull flag. If it was a bull flag, you'd see 3,3,3,3,3 zigzag's. It's actually a corrective ABC where the C wave will end at 100 sats. Second piece of confirmation is C wave forming ending diagonal.

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I thought that this triangle/flag was an ABCDE pattern but, in ABCDE patterns you need to find 3,3,3,3,3 wave'd zig zag's. Then I thought it would be an ABC pattern but the C looked super extended. What correction pattern has an extended C wave? It would be WXY pattern! Again i'm new to fib time zone, wave 5 has already gone past 1.618 of wave 1 distance. The...