Long term view. Probable triangle inside wave B. Wave C probably ended therefore the bias is bullish up to wave D for the moment. A move below wave A negates this count.
Looking for Divergence if those levels hold then short it. Entry : look for those levels to hold and divergence Stop : above Fib 1.272 Target : 93.00 Don't forget to comment and like ;)
Price seems to have started a wave A as an impulse. We are currently in wave 2(black) of wave 3(orange) of wave A (green). Therefore, buy towards 0.7300, where price will find natural resistance. Stop loss level : 3 possibilities depending on your risk level. ~ 0.7070 ( wave 2 should end around 0.7078) ~ 0.7510 (orange wave 2 low) ~ 0.7021 ( wave 1 (orange)...
The wave count suggests bearish move to continue.
Price formed this nice H&S Pattern, suggesting price is going up. Target 1 : 1.322 Target 2 : 1.3364 SL : last low or below Right Shoulder. ** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%. This rate hike is already priced in in current price, therefore don't expect huge moves because of it. Volatility will come from BoC...
Price fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD. I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way. I have confidence in this trade because I can count 5 waves down in this...
Bullish divergence starting, I'm buying this dip now and letting it do it's thing. (Beware, price might go a bit lower, but as long as it remains above 2690, the bias is bullish) Entry : 2760 Stop : 2690 Target 1 : 3000
NASDAQ just as Russell and S&P500 corrected nicely. I think we finished wave 2 of an impulsive wave. Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next. Trade Setup : Entry : Now or on pullback Stop : last low or wave E low Target 1 : 8000 Target 2 : 9000 ---------------------------------------------------------- ...
EURUSD finished the B wave of a zigzag, looking now for wave C higher wich should play out as an impulsive wave. So, we are anticipating price to go to 1.19 - 1.21 area in the following weeks. I entered at 1.148 then 1.152 and 1.156 You can enter now, but it's better to wait for a pullback before entering for a better Risk/Reward ratio. So, Entry : on pullback...
USDJPY Look at my previous post for the first count I had in mind. () This count seems more plausible as we are seeing some USD weakness now. Price should go down to 110 possibly 108 wich will be my targets for the coming weeks. On this weekly chart we can also see a bearish candle formation giving more weight to the count. Setup Entry : Now or wait for a...
Price is making an impulse wave, we are in wave 3 for now. I'll wait for w3 to end or buy intraday maybe also short wave 4 intraday but don't really feel like it... Then go long wave 5, which might be one of the last ones as we would then finish wave 5 of (5) of 5 of (V) ! ¤ In that case, the 2007-2008 crisis will be a joke comparing to what will happen !
Silver getting ready to break this channel. Price finished (probably) this wave C lower of Y. Expecting it to go to 1.17 first.
Short term traide -- Pending Long Wait for wave 3 and 4 to end then go long up to wave 5 (For better view of the overall move look at my older post).
We are ending this impulsive wave higher in wave C of wave B of wave 2. Wave 1 is longer than wave 3 therefore wave 5 can not be longer than wave 3 giving a clear invalidation point (stop loss) for this count. So, * Entry : 112,32 * Stop : 112,72 * Target 1 : 110,40 * Target 2 : 109,90 * Target 3 : 109,00
Well, it seems XRP might just have finished the last wave 5 of C of Y. In that case, expect euphoria to take over again. Even tho I would like price to fall to one of the green marked level (Fib 100% 5v4, 61.8% YvW, 161.8% CvA) BTCUSD is still the leading force behind all other cryptos, and has still a bit of room to the downside. Ideally, I would like BTC to...
As you can see, price is living the last moments of wave C of wave 4 of a larger wave 3. This means we will see a wave 5 higher. My target will be 30000 !!! But beware, price will come down a bit more. Ideally, I would like to see it below 5000 to buy without regrets. Anyway, start selling your car, home, husband/wife and get ready to buy the BOTTOM !!! ...
We should be making wave C higher now, which is composed by an impulsive wave. But, where did wave 1 end ? If blue count is right, then we might be in an extended wave 3. Else, the red count is probable. In that case, wave 2 might not have retraced enough, therefore we might still be in a correction, price now making wave B of a zigzag. But it has to turn soon...
Go Long, R/R : >1/3 Stop : 1.0857 Target 1 : 1.1178 Target 2 : ~1.1250 (use trailing stop) Look for Bearish Divergence to find the end of wave 5.