It's been a pleasure exploring such a unique financial asset class. Nevertheless, we are moving into a political & economic direction in which crypto cannot coexist with the financial system and have any value in the long term. There are many reasons for this outlook. Join my channel for more: Telegram: @DeltaS7
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as a WXY structure. It looks like we are working on a wave X as an ABC structure.
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, we did not respect the wave ((iv)) area of a potential wave 5 of wave A. Therefore, it looks like we are doing a WXY and the...
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. If we do not respect the wave ((iv)) area, it looks like we will...
Dow Jones went from oversold to neutral on its 4H technical outlook (RSI = 51.457, MACD = -63.520, ADX = 28.038) as the price bottomed on the LL trendline of the three month Channel Down and rebounded straight to the 4H MA50 today. This is the short term Resistance, a closing above it confirms the 2nd part of the rally to the 4H MA200. The 4H MACD is on the same...
Dow Jones (DJI) hit the bottom of the long-term Channel Up pattern by completing leg (e). This is a similar structure to the (a) - (e) sequence that bottomed on March 15. Technically this is the best buy opportunity on the index in the last 7 months. On top of that, the 1D RSI is on Higher Lows during the prices (d) - (e) wave, showcasing a huge Bullish...
Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up. It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish. The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for...
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
Traders, As mentioned in several of my previous posts and last video, SPY has now reached its downside target. This level at 410 provides strong support and correlates with our level of support on the RSI. I expect this week to be an up week for the S&P 500 and the stock market in general. Best, Stew
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
We took out the 04/10 low and therefore it looks like we will have an ABC correction down instead of a WXY structure in the higher time frame. In the lower time frame, it looks like we are finishing wave (v) of wave 5.
Whether you want to look at these markets like an American football game or the National Finals Rodeo/Calgary Stampede bull riding, this final quarter of the year is set up to be quite the fireworks show. The new JP Morgan fund options collar is illustrated on the chart, but let's put it into text: JPM is the seller of 41,000 calls with a strike of 4,515 JPM is...
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
Dow Jones is volatile on the 4H timeframe (RSI = 37.485, MACD = -170.620, ADX = 29.943) after almost testing the S1 level (32,813) yesterday but following a 4H MACD Bullish Cross formation, it is a low risk buy opportunity. The rejection of the previous rise took place on the 4H MA200, so that is our target again. Buy and TP = 33,700. ## If you like our free...
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up.
Dow Jones may be trading inside a long term Channel Up but the medium term pattern is a Bearish Megaphone. The last Bottom of the Channel Up was closer to the 1week MA200, this time the MA level is even closer, a strong candidate for a bottom. The previous correction leg made a -10.15% extension, a new one of this size meets almost perfectly the bottom of the...
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.