I do not trade this index. In this screencast I show how there was a major struggle in the world economies between February 2018 and today 28th October 2018. I explore potentials for Bitcoin and Gold.
A major corrective move south n the MSCI-ACWI has happened. This index is an aggregate of world indices.
What we see on this chart is:
1. Price struggling to ...
The NDX or NASDAQ tech 100 has been heading south. In the screencast I explore the current trend south on the 4H and compare it to previous 4H trends. The characteristics of the current downtrend look different.
Bullish divergence on the H4 using stochastics shows price exhaustion and a well due correction for this pair. Cable should be well supported at the 1.2920 level and on the H1 we see decent rejection of this zone, which could be the start of the reversal of around 120 pips.
I believe that Bitcoin has mad a double correction labelled as WXY and each individual as ABC.
I think the second C wave or Y wave will end in the highlighted zone.
From this point I expect upside. This will either be an X wave if the correction becomes more complex, or the begging wave of a bull run(1).
In the area of the top two horizontal lines is where ...
I see EURJPY to have made a five wave structure and made an A wave.
I see the B wave forming and the moving average coming close to touching price action.
I expect to see a downwards move to around the 61.8% level.
Any advice or feeback is appreciated.
I see an almost completed elliott wave count as the B begins to finish (if it doesn't become more complex).
I expect to see price fall once it reaches the highlighted area and will be watching for a break on the corrective trendline to confirm downside.
I expect prices to fall quite sharply if trendline is broken.
Any advice is appreciated.
DJI appears to be in a corrective period.
I have seen this as a zig-zag which has led on to either another zig-zag or what may not have finished triangle.
I have added the moving average for extra confluence and the market appears to have made a very short term flag (trend continuation pattern).
To me this is looking upside and could potentially be the start of ...
I see that GBPUSD has been in quite a strong uptrend for some time now and has began correcting.
I have labelled the correction as a zig-zag followed by a flat. It does have the potential to become a more complex correction,
however, it is looking upside regardless if it continues correcting or resumes the uptrend.
I have drawn out how I see the flat to have ...
Good Morning Traders!
We saw a sharp decline in 5 waves down to the 3 month low. From This point, I expect at least ABC correction in this market to 38% Fib lvl -0.51% . Nevertheless UK economy is in a SLEEP MODE and chances of another Intrest Rate hike by BOE in May is nearly 0.
From Daily chart, we can see that Price is hovering near 200 MA and uptrend ...
Ethereum overdue a correction here after great bullish move. Expecting it to retrace to these confluxing areas of support and fib levels. Worth noting that this retracement may also play out more shallow as bullish sentiment begins to creep back into the market.