IF My short position will be filled in resistance of thins ending 5'th wave diagonal i go short- i assume that TRX will not braeak up this resistance. If not i wait to short on breaking down.
Current vix setup is a rehash of previous times and is in line with my count on the spx that i posted a few days ago. We may be days away from another market dive or a vix spike.
Using Elliott wave one can determine once an uptrend has ended as the market simply has run out of waves. Here I assess the waves off the November 2008 low (yes the NASDAQ:SOX ) bottomed well before the other major US indices and has thus been a market leader since. However, it's price pattern off the December 2018 low is all but ideal and in elliott wave terms...
In the 71.8 Fibo and 161.8 time retracement ,the ending diagonal pattern will be completed in high probability and will start a new big IMPULSE wave
This short structure will lead to a quick sell position. Not to be held long term!
Maybe NEO need break this "validation level" to validate this count. After break and finish 5th wave we will see deep correction.
Hi all, Heres a video summary... XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal! Here are my confluent reasons why... 1. Falling wedge...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Volatility looks good. Volume looks good. Wave/Triangle counts seem legit. Candlestick patterns have bullish sentiment. Good spot for a long position? I think so. ~300 pips to my forecasted 'Wave 5' target, which lands right on a low volume node. Stop loss around 1.92838. Take profit area shown on chart.
Many traders struggle with Elliott Wave analysis because they often try to label the charts without having a strong foundation on the principles of wave analysis. It can be made easy with just a few simple steps: 1) Understand price movement - impulse vs correction 2) Discover the 3 main categories of pattern formation 3) Identify which pattern is forming and...
Elliott Wave Count: Flat Correction (3-3-5) - Waves A and B of the Flat have completed. - Wave C is an Ending Diagonal (*A very small percentage of diagonals appear in the C-wave position* | sequence 3-3-3-3-3) Current Predictions 1) Targeted "Top" of Wave C of Ending Diagonal Wave 4 of the Flat Correction near the .618 Fib @ $242.84 2) Beginning of descending...
Price structure is showing a divergence with MACD, and also forming a diagonal pattern. We are expecting the correction to unfold soon with a potential target at 1.5299 area. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading...
Hi I think we're at the end of the A-wave. You can plan for B-wave. #Elliott #Diagonal #EURUSD
Trading EWZ with options. Calenders and Verticals in specific. looking for a retrace so im open ended on the position to the down side. Im long term Bullish. Short term Bearish. Also note, if retracement actually matures, it will leave a bearish formation producing resistance levels. The market will have to fight back a little harder to bring back the current...
I've been a bit obsessed with diagonals lately, and noticed this lining up to a rejection of BTCUSD at 4408. This would align to this fake head & shoulders breakout, which would lead to a ton of longs being filled on completion of the H&S , and then immediate liquidation of longs on a selloff. The only target bottom confluence I'm showing is 1237 with a timeline...
U-NOKE sell for diagonal, with massive possible downside long term, however I can only go by the diagonal. But very nice divergence.Also, note Eur/Nok trapped buys.
based on the above count, the long-term trend remains bullish, either wave (3) or wave (C) rally is under way