rko1983

rko1983

Based on my Elliot Wave count is see the end of the daily ABC correction. We have Divergence on the daily, 4h and 1h. All FIB levels from WAVE C look great. With this in mind we already startet the 1h time frame wave 1 up which we also see by the trendline break. I want to wait for the re test (WAVE 2) and look for buy setups around 0.618 and 0.786 Fib. If we...

rko1983

Based on my Elliot Wave count it looks like we are close to the final move of the big correction. WAVE 4 is in the making likely to finish around 0.118 - 0.12 and than I expect WAVE % do go down to a new low around 0.04 - which hopefully is the end and we can think like bulls again ;-) As always this is just my idea - what is yours?

rko1983

Based on my Elliot Wave count I expect us to go a last ride down. As you can see we form an ending diagonal in our ABC correction. Within the final WAVE 5 I expect the internal WAVE 2 to finish at 0.618 FIB where I would put my entry for a nice RR5 short position. Let me know if you like this idea or disagree ;-)

rko1983

Based on Elliot Waves counting - I expect us to be in WAVE 2 of an ending diagonal. If so we could go all the way down from the end of WAVE 2 to form a double bottom pattern with the end of last bull rides WAVE 4 which is a classic WAVE 4 double bottom. Hope you likes this idea.

rko1983

As you can see big picture I see VET forming a WXY correction. At the moment we are in WAVE X. My main scenario is an ending diagonal ongoing to finish X. We just saw WAVE 4 and will now be short term bullish to do WAVE 5 up to round about 0.16 or higher. After WAVE X we will see a strong, final impulse down to 0.04 or more. Alternative: We already saw...

rko1983

Looks like YFI forms a HS pattern to reverse the ABC down trend - target could be 100k finally.

rko1983

Based on Fibs and structure I expect the correction ABC Pattern to complete around 38. From there we will see the rise and start of the higher wave 5 impulse. Target could be potentially around 120 - but there will be ups and downs in between. Let's see what happens and 38. Be carefully it's high risk and volatile.

rko1983

I'm not an expert in Elliott Waves but it looks like we are at the end of a long wave 5 + a finished internal impulse. With this in mind we could expect a correction down to 2.5k or even 2k. Let's see how far it will go. Trade carefully and happy to hear your thoughts.

rko1983

Looks like we will see the finally of double top which will be confirmed after breaking the neck. Would be nice short trade down to the end of the channel where we can turn around into a great long position. Just my opinion and no advice at all.

rko1983

Following my strategy I always check for at least 3 out 5 signals to get confluence. 1. Trend are we bullish (50 MVA over 200 MVA) or bearish (50 MVA below 200 MVA) plus trend lines 2. Structure (support and resistance zones) 3. Divergence 4. Pattern (Double Top i.e. or similar) 5. Fibs Scout24 shows me a reversal of the up trend coming. We see strong...

rko1983

I want to see at least three out of five: Trend (50 MVA > 200 MVA) Up Trend Structure - we can see an order block and a lot of structure around Divergence - We see a trend line divergence Fibs - Reached 0.5 4 out of 5 We could also see a Head and shoulders inverse with some fantasy but would not consider it. SL and the last swing low

rko1983

We can see that Link is respecting and testing two trend lines. Considering an overall bullish market I would look out for a trigger at the trend line break to go long at least until 35. Besides the trigger I would always check for more confluence driven by TDI.

rko1983

I would wait for a confirmation to see the correction is done. As soon as this happens I would go long.

rko1983

I want to see a confirmation of the trend line with a third swing. If we see a following trend line break with strong bullish candles I will go for a long ride.

rko1983

If we break the demand zone we would see a small sell session, a resistance test and the start of a longer up trend which breaks the correction

rko1983

As soon was we pass the trigger zone with a strong bullish candle and buyers take over we will enter a long position.

rko1983

Short to retest and turn into a buy opportunity. Potential Head and Shoulder with earlier take profit, buy and follow up sell. As always I have to check for confirmation and adjust.