tradedevil

tradedevil P

Here's the next opportunity to get long with this wave count. Stop is reasonable and upside offers a 6-to-1 risk/reward. Wait to see it stall and find a bit of support. Not a load the boat trade but a reasonable place to get a fresh long on if you're not already in...

tradedevil P

Very technical. Beautiful setup for a 4th of this impulse. Nice targets above offering 5-to1 risk/reward. You wait for these... don't miss them.

tradedevil P

It's been hard to find a low risk entries within this correction. Here are two contenders. First bite at the 38.2 and the channel support, second at the 50%. 3-to-1 risk/reward on the 1st. 8-to1 on the second if it's available for a fill. Traders choice. You may not see this opportunity again anytime soon. But, there are no certainties in trading. Keep the size...

tradedevil P

A complex correction not a surprise given the simple correction in the currently labeled wave-2 of this extension. I'd start with a portion at the first box and look for a second add at the lower box at the 50%. 8-to-1 on the first (if it holds) if stopped out your 'get well' trade is below with a 3-to-1 risk/reward. You need to give it more room on the second...

tradedevil P

A pretty 2nd Wave for the taking here. 3-to-1 risk/reward to the first target and what is likely to be some stiff resistance above. Stop under the 78.6%. Gimme...

tradedevil P

This was an alternate count but it's looking better and better. The Big Dog has been trading with technical perfection. Ol' Ralph would be proud yet likely not surprised. Pretty straightforward E-Wave trade. Looking to get into the 3rd of the 5th. Nice risk-reward of approx 4.85-to-one of we go to Fib targets. Stop just under the 78.6. This "could" be the start of...

tradedevil P

Elliott Wave counts don't get much prettier. 4.25 Risk-to-Reward. Stop is close by with a breach of the Wave-1 high and the 50%. What's not to like? I'd encourage a small opening position with some dry powder to add if the trade gets off to a good start. There will be many places to add if the count is realized... ** NOTE: High impact report in less than an hour...

tradedevil P

That's a pretty wave count with a nice long entry to finish a C-wave at the 38.2-50% pocket for a reload long. Two targets above. You'll need to give it a bit of room on the Stop. I'm going just under the Wave-1 high as that will invalidate the impluse. I'd suggest a partial buy at the 38.2 off of the nice support from the Wave-3 high but I'd keep some in reserve...

tradedevil P

One last Push Up for Ethereum. I expect to see it go with Bitcoin to the 61.8. Not the prettiest impulse in the 3rd but she can dance. Tight stop just below the wave-1 high offers a 5-to-1 risk reward. Go Girl!

tradedevil P

The majors are heading into a load of resistance. I'm not saying to short it... but if you're long, not a bad place to tighten up the stops. Stay technical my friends...

tradedevil P

It all lines up just perfectly. I'm not saying to short it, but not a bad place to tighten up some stops if you're long.

tradedevil P

Nice little window here at the edge of the Pitchfork between the 50 and the 61.8%. You'll know quickly. Very low risk with an excellent risk-reward. First target is 7.7-to-1 but there are targets way above that should be considered for longer-term targets. Low risk, high reward... what's not to like. I'm in...

tradedevil P

Elliott Geeks be Banging. Count it out. It plays. If, and it's a big IF, we hold the retracement at the 50% this looks better and better. It's still valid if we go down to the 61.8 but I like it all the more if it hovers around the 5-% and themedian line and then moves back up. It's the confluence of price pattern and structure that makes me like this count. Now,...

tradedevil P

First stop was hit. Small loss. I can take that. Does it still play? At the 50% and the 100% a-b-c. Oh yea. I'm in again. Stop is still close and the upside is excellent. Can't get gun shy just because you've been stopped out. Re-evaluate. Is the trade still valid..? If so, don't hesitate...

tradedevil P

Nice setup on the 4. Clear exit it if doesn't hole with a break of 61.8 which lines up nicely with the wave-1 high. Nice target above for a 4-to-1 risk/reward. It's played very technically today. It could certainly continue to play E-ball.

tradedevil P

No it's not dead but it's likely not finished with this correction. Too good a count to not take a run at the short side. I'm a long-term bull on Ripple, if you've wired money lately (like when buying Bitcoin) you've seen the SWIFT protocol in action. Ripple is the Blockchain solution to that relic. It has a high probability of adaptation as more and more banks...

tradedevil P

Good structure here. We're through the 50 but holding steady at the moment. I like this trade because of the very clear invalidation point. If we break that Wave-1 high the premise of the trade is invalidated. The upside is huge. But we are trying to buy the falling knife. I like this with a small position looking to add on the first higher low coming out of support.

tradedevil P

Last stand for ETH bulls. At least in the near term. It's buyable but a tight stop is mandatory. You see the reaction at the 61.8 but it's not definitive. A reasonable play would be to enter with a small position here and then look to add on a higher low if and when we see it coming out of this support. I'm in with a small position looking to add.