Trade Idea The rally has posted an exhaustion count on the weekly chart. Broke the sequence of 6 negative daily performances. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. A break of bespoke support at 2799, and the move lower is already underway. The bias remains mildly bullish but there is scope...
I guess if we won't just break out from this falling channel, we will continue our correction in its final wave with lows around 9200. The correction will go on and even might turn into a downtrend in case we break ~9000.
Bitcoin is nearing the 9K resistance while the crowd is celebrating a little too early for a 10K target. The average retail sentiment went from predominantly bearish (everyone calling for 4500) to bullish (everyone is calling for 10K or higher) in just a couple of weeks. Are you new to investing in Bitcoin? Perhaps you got sucked in from all the nonsensical hype...
There is a clear wave count here with bearish divergence and normal wave extensions to back up the argument that a large drop down to at least wave (4) will occur now. Wave 3 was between 1 and 1.618 times the length of wave 1. Thus, wave 3 was the extended wave and so wave 5 is likely to be less than 1 x the length of wave 1. So far, wave 5 is around 0.786 times...
A change in momentum here in the channels as it breaks through a 5 wave momentum causing a 12345, abc channel switch on the Elliott wave.
Looking to take a change of momentum and take the new channel formed and generated. Here forming an Elliott 5 Wave Uptrend and breakout.
EURUSD may drop slightly before the last leg up. If it breaks the top, wait for a trend line cross as this will pull back deeeeeeeeeeep
AUDJPY looking bearish to challenge the longer term trend line to complete the WXYX... Wait for that Z upside!
This analysis that I have made is to retain insight into what can happen, to look back at what happened afterwards and to look back when I discover a similar case. I do not give advice as to what someone from this analysis should do or imply. It is an important reminder for myself about what happened.
Bitcoin price action this year resembled that before the slump from $6000 to 3000 in 2019. from the viewpoint of daily chart, price stuck in the narrow range of $3200 to 4200, as the trading volume drastically diminished. Low volume and volatility evidently denote a profound bear market, showing no sign of turnaround. Only the price pushes above &4000 with...
NZDUSD 5 waves & AB=CD completed and has broke the neckline, short the pullback 0.6579-0.6583 good area to short SL : 0.6604 TP 1 : 0.6500 TP 2 : 0.6435
USDCHF: The pair looks to move further lower as it continues to hold on to its downside pressure. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to...
Price has reacted positively to the bottom of the ascending channel and I am expecting price to continue to the upside to complete the 5th wave. Updates will be posted.
Ucad broke level. Trade the breakout to next level. UJ is my only trade going negative, but I am small on that buy, giving it room just in case it goes because of that daily but UJ is risky.
Hi followers, here my analyze for USDCAD 5-wave-setup. Have a good trade!
Best Wolfe Wave Strategy – Bearish Wolf Wave When trading the best wolfe strategy you will find that after the entry was triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave....
Step #1: Prior to the Bullish Wolfe Wave Formation look to have a clear Bearish Trend Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break below the channel Step #3: Buy after we break and close inside the Price Channel. Step #4: Draw a trendline that connects the wave 1 low and wave 4 high and extend it in the future....