Upon analysing every degree, something was common. And it was that the next wave is upwards. The fashion or the type of wave it is going to create is not that important to me just yet, as I am aware that it is forming an impulse wave overall in the 1 Hr time frame. I believe in the 1 hr, it is completing its second wave and entering into a strong third wave, and...
This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for...
Price has reversed and is now in an uptrend. Currently in an abcde correction and waiting for the next impulse leg.
In the meantime, will be looking to take a short for the e wave.
We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now!
Please let me know if you think my theory is valid?
I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets.
Seriously - it's almost all bad news out there - and the algos will be...
In this screencast I explore some interesting features in the 1D and 3D time frames.
There is a very rare VHC on the Aroons on the 3D time frame. This has not happened at least since 2008! It usually means business.
Have a look.
As usual your loses are your own.
Some interesting historical data on the price of Silver back from 2002- 2003 similar to what we 've seen happening for the last couple of weeks.
Blue line 50 MA
Yellow line 100 MA
Red line 200 MA
time frame weekly
Green circle 50 MA 100 MA golden cross on the weekly ,
Yellow circle 50 MA 200 MA golden cross on the weekly ,
Similarities with today's price...
I explain some of the price action on this chart and show an amazing 15 min trend.
The melt down has been caused by fears about the COVID-19 virus.
This is the biggest 3 day dump on the DJI is about 3 years. I explain how serious it is.
looks to me like ada is close to completing a Flat correction.
if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down.
the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count...
If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!.
Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly...
Confirmation:
- We´re in a Correction of a bullish Sequence
- Support of red Trendline
- Broken blue Correctiontrendline
- Reaktion on the golden Ratio
