🎯 I focus on Modern Elliott Waves (Neowave) because this strategy gives me objective to start entry and stop levels. #BTCUSD
📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves .
So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓
Such trades give a limited risk, and the...
Bullish is still dominant
The counter of the bearish trend is here, a sign that the price movement will be bearish
Wave A and the end of wave B are already present, going to build a bullish wave c
According to 1H the price movement rose around 11216.47. If price increases occur, the situation in 1D does not change, counter bearish trend...
NeoWave, 5th Failure + 3rd Extension within Terminals
5th Failure Terminals basically mimic 3rd Extension Impulse patterns.
3rd Extension Terminals
This pattern takes on a strange and difficult to interpret structure that is usually discovered only after its conclusion (or shortly before conclusion if the pattern is large enough). This is what an Extracting...
XAUUSD -2h : Trading Rectangle Pattern
Good morning Traders!
My idea example above illustrates a "Rectangle" pattern from the XAUUSD 2 hours chart. XAUUSD traded in a tight rectangle channel with highs and lows bound by two parallel trend lines. The prior direction before the "Rectangle" formation was upside. A "long" trade is entered above the blue line.
YY INC Stock NASDAQ -H1 Bearish Continue Rectangle Formation and Short Setup
Description: FXAndalanBangsa found a Bearish Continue Rectangle formation on H1 Chart Timeframe.
Trade Period: Intraday Trading
Instrument: YY INC Stock NASDAQ
Time Frame: H1
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On: ...
MMM Bullish Shark
Time Frame: 240
Predicted Direction: long
I will order pending buy stop at @192.11
MMM updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to...
TWTR Bullish Shark or Bearish Continue Rectangle?
Time Frame: Daily
Predicted Direction: long
I will open buy if the price will make broke out of @30.80
I will open Sell if the price will make fake broke of @25.44
TWTR updates will be available in the comments section below.
The brief trade...
ABBV Be careful Potential Complete Zone of Cypher/Shark
Market : ABBV
Time Frame: 1hr
Pattern Template : Cypher / Shark Pattern
Predicted Direction: Short
ABBV updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence...