Correction trend line was broken we wait for down trends
Hi everyone. I expect a correction soon for the recent 1 hour swing on TSLA. It could range from small to significant pivoting; this trade is relatively risky, but I am publishing what I have found. Personally, it wouldn't be good enough to make it past my quality control, but it is worth sharing.
We are still overdue. The only thing that's changed since that sentiment is that we've gone higher, longer.
My observation said that there were 2 Corrections in the journey of price from ML to RL1. Price passed RL1 and maybe form 3rd correction @ the same distance as 1st correction. This is my first trade for this pattern. Carefully with small stop! Thanks
The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down. Today I use BTC / CNY on huobi for chart because it illustrates a...
The SNB, or the Swiss Negative Balance, event has left the ccy markets shaky und unstable. The NFA delayed decision to hike the margin requirements has probably stifled volume in the CHF markets, which is expressed in a lower price range. Notwithstanding that, CADCHF is in one of the strongest down trends of all the majors and is in the process of making a...
correction into ote level (around 210) expected. another rally afterwards likely
Seems like the correction from the 170 low is almost done. We might see one last surge up towards the 240 range, but I think we will see new lows after this, possibly sub 130 if the correct dosis of panic is injected. The correctional pattern seems to be developing in a regular ABC correction within the ascending wedge. I suspect a breakdown any time within the...
scenario A: target 1970 in the next days and then rebound to new high scenario B: target 1823 and then rebound scenario C: target 1738 with a 17% retracement and then restart in according with ElliotWave
The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.
I find this pair being in the process of completing a strong correction, as it is probably about to reverse at the median line of the channel, which would coincide with Ret-23.6%. The aussie has been showing a lot of strength in recent hours and it's pretty overbought now. The swissy, just the opposite, has been weak and reached oversold levels. So a new downward...
DAL had been a great trending stock for a couple of years but the 2014 correction was extremely deep (by the standards of this stock). More recently the June 2014 high was broken but price remained fairly indecisive just above it for a few weeks. Staying above the previous resistance, however, is far superior to dipping below, so this was the first suggestion...
It is what it is. Not much to add, many other indicators and indices say sell, this one was just so precise with the channel Asia also dipped today, and the selling wave after yesterday's trading followed all over the world. SPY and Nas100 are already trading at resistance (too simple to post on a separate chart), so we're sitting at decision point. One thing...
Since the beginning of the year FED has gradually lowered its purchases of asset backed securities - QE3. Until it ended the stimulus program on 29th of Oct. It is interesting, however, to note that the corrections following the FED announcements has been more and more limited. It should be of no surprise as FED sends several upbeat signals to markets that it is...
Hi again, We're near the end of the week and setups keep forming! This one is also a bullish symmetrical triangle. First by looking at the higher time-frames we did expect a rally in gold to correct the Intermediate Bearish wave that completed. The rally was fast and strong and it is currently resting at a symmetrical triangle for its b wave in order to make...
The pair has started to exhibit a fresh bullish momentum. I think it's likely to get to the light blue median line, possibly retesting the prior swing high level at 1.3842 as well. Or is it just a correction in a correction? Market seems to be in the process of fighting the red bear trend line and if the trend line holds, the correction will continue. The USD is...
The linear chart has interesting crossing channel. Now that SP500 has officially marked a wave 5 since oct11, it could be due for a big wave IV since Mar09. This big wave IV could start before year end or be delayed into early 2015 from around 2100 if the santa claus rally happens (which i don t believe in right now against odds). The big wave IV should correct...
DAX has corrected 18% down and it is challenging to see it going lower but I still think this is what is going to happen: 1) Normal correction on the DAX are 10/14% within the lower degree correction. 2) Therefore it is not abnormal to see a 25% correction in total when SP500 has to correct 18%. 3) I am awaiting a correction similar to the one we had in...