We may have short trade up on the 60 minutes then look for one more downside in this 240 structure. -- A break of the structure above would invalidate the idea.
Weekly/Daily chart technical wave analysis -- looks like opportunity to short after some consolidation under the trendline here.
Technical analysis looks to be near a top - look for a 4 hour impulse to the down side and correction for a sell possible to the $650 range. Lets watch this one and see if it is finally ready to come down some.
Watching as we come to the daily TL - if completed abc - watch for break of trend and consolidation for a retracement drop - however a diagonal structure looks like a valid consideration. If you study Elliot Wave this will make sense.
sideways move looks corrective - will need to break out.. or one more drop in the correction..
impulse to the trend line.. if we consolidate here without reversing a buy above the consolidation for a nice retrace looks like a good idea. 1st target 382 retracement fib. Happy trading..
Reasonable sell set up at the break of the current flag - trade breaks based on your own proven strategy.
Watch for this buy next week - a break of this correction looks to be a good buy opportunity. First target is obvious here on the 240, but the daily suggest even more may be in play. Happy trading!
USD CAD is correcting the daily down impulse and is in a 240 downward channel - it will either make another move up or may break and head to break the blue line to complete flat..
momentum is waning in this structure.. looking to sell break to down side.. good pips in play on this break. Happy trading!
on the 240 this looks like a 3 wave correction and a sell on the break to the 50 fib level looks attractive. Happy trading.
Weekend analysis of higher timeframes. EA is correcting a weekly down move -- we know corrections like the 618 - so we have nice evidence of daily looking to move up to the forming triangle and potential for break out to the weekly 618 - watching lower 4h and 1h timeframe to get back in for more upside here. Will add some lower tf if trades present themselves...
momentum may be waning, but looks attractive for one more drop on this pair. Happy Trading!
Risky trade.. this is an attempt to get early entry for possible move out of the 4 hr down trend. move stops to break even at the target here and hold .. if goes back down.. take the even. if it is the start of the move out... then you look like a genius and your account gets fat - n - happy. Happy trading!
Tesla is in a corrective downtrend on the daily - should decide soon if going to break back to the top to head back to $260 or if more downside is in play - target around $180. I am slightly more biased to downside based on weekly structure however if we break above and flag, will consider the buy. Good on to watch for options traders. Happy trading!
Looking like a nice ABC corrective structure moving up to R1 pivot.. sell looks attractive with nice risk to reward. Wait for break of the up trendline to confirm. Happy trading!
Wave traders know the impulse/ correction / impulse of elliott wave. the 618 is a great place to turn for next impulse so I am watching closely here and looking to buy the breakout of this abc correction (trendline). My target is the R2 pivot above -- Happy trading!
No divergence in the 1 hr time frame. nice abc retrace with a trend line break if it consolidates here may be a nice sell to retest the low. Happy trading!