I've been bearish for past couple months now since the yearly low has been taken out, my bias has shifted back to being bullish for sometime.
BTC seems to be making a large flat structure either an expanding or running flat since it broke the low of A wave.
Looking for longs from here back to 7k region for a relief bounce to finish off the C leg in the big flat ...
In my last post on SPX, we sold the top of the B wave of the running flat for this impulsive move down which I had warned u guys would be very sharp. 5 waves of the C leg look complete here. Watch for this breakout and consolidation for a long trade setup on the stock market. This is the buy the dip opportunity on the stock market because it will make new highs.
XRP/ BTC is in a big correction on the daily tf. Currently correction the downward move it got from the high.
Looking for a breakdown form here down to 0.5 - 0.618 levels to complete the X wave in the WXY up structure.
USDZAR is correction the impulsive leg down as flat type structure. C leg is still remaining to complete the structure in the B wave of the larger ABC correction.
Watch this correction to breakout for long trade to test the top.
GBPAUD is in a big monthly corrective structure as WXYXZ triple wave combo prior to which there was an impulsive leg down.
There is divergence present the between Y and Z wave indicating the corrective structure is coming to an end.
This a good short trade to take, if the trendline below breaks its can be a big move down to test the lows.
Watch for break and ...
Gold is making a corrective structure in a downtrend. This 3 wave structure looks complete, there is bearish div present on the HTFs.
Good short setup from atleast a correction or breakdown to 2015 lows.
Watch for the breakdown from the below trendline and followed by a corrective structure for confirmation of the move down to 2015 lows to complete the monthly ...
ETH made a parabolic move up that last couple of years and now we are correcting whole of that move.
Corrections don't end so quickly. They are usually time consuming.
If this correction is in the same degree as the parabolic ascent, we are not done yet.
I'm seeing this as WXY double wave combo of zig zag - flat - zig zag.
Since we broke the low of W this can ...
TLRY seems to completed the B wave of the ABC correction. Watch out for a correction here now for a short trade setup to new lows.
I'm expecting around $50-60 based on fibonacci levels. Reversal can happen anytime after we break the low of wave A.