Corn has either bottomed at 319.4 or needs one more decline closer to 310.00 before a long term bottom is seen for a rally towards at least 440.00 and possibly even higher towards 519.00. The first strong indication of the bottom being in place will be a break above the resistance-line seen near 329.00 while a break above 335.00 confirms the bottom for the rally...
Bitcoin In Double Zigzag Correction (Bullish Bias) - exploring it's likely upside Earlier this year I outlined 4 possible scenarios (see chart link below) of which the 1 & 2 were theoretically possible but did not really feel high high likelihood of developing. I then explained this in later February in live webinar. This leaves us with 3 & 4 which in general...
I count a possible double zig zag with a bearish ending diagonal C wave. Markets feel toppy, markets look toppy...If we continue to break down out of the channel, Im guessing we could see similar lows to last month (and most likely continue to fall) For this play, a safe stop is this months top ~ 2080. Target 1820 (for now...)
Hello Traders, Short trade set-up on the GBPAUD market. This trade try to take advantage of a wave C in this complex double ZIG-ZAG correction (W-X-Y). There is a Harmonic Gartley pattern on the 15min chart wich we can use as an entry. The target is set on the completion of a AB=CD pattern Risk/Reward: 15
I expect price higher before into new LL.. Good trading!
Price action, hidden in just one candle at NFP, most likely started wave C in DZZ correction in shape of Ending diagonal.. if so, choppy sideways to downside is ahead.. Good trading!
I read this pattern as DZZ and because low W@1,11545 was hit we could start wave C but I am more fond of higher correction.. this could happen before NFP but whipsaw and finishing pattern at data is possible.. most fascinating to me is 1,0159.. I would prefer penetrating it.. Good trading!
I read this comgestion as either DZZ or maybe FLAT.. what will happen today at NFP will make me more confident what could be going on.. depends on 1,10159. Good trading!