This Analysis is Based on Elliot wave + Gartley + Fib Extensions and Retracement.....All support Zones Are carefully selected with Fib numbers....Proudly Abbeycity...Wishing you a successful trading....
Midterms Tuesday. From MW: "Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18. Even though we’ve had every possible political combination in the past 72 years. Republican president with Democratic Congress. Democratic president with Republican Congress. Republican president...
Look fro an impulse to the downside then a correction to get short
Watch for the Buy Set up after the corrective structure is finished
Watch for the correction to come to an end on the smaller time frames. Look for an impulsive wave to the upside follwed by an correction to get long on the Buy Set up.
Look for a corrective structure then get short for the wave down
Look for a impulse wave to the downside to break out of the corrective channel then a small correction for a sell set up!
Look for the corrective structure to end soon and price to break out impulsively to the downside targets
Watch for price to breakout of the corrective channel for a buy set up to finish the Flat correction then the sell set up after the structure is complete
Look for sell set ups on lower time frames.
Watch as I explain some basic Elliot Wave Concepts of Corrective Formations and anticipating the next waves. I Also breaks down the idea of an IF-Then-Thought-Process using Elliot Wave and reacting to price.
I believe price have completed an Flat correction now watch for an impulse to the downside then a correction to get Short.
There is a strong possibility that we will see a US Dollar Sell off. We have a completed Bearish Bat and price is at a strong level of Supply. Also price is taking the shape of an Ending Diagonal Elliot Wave formation. I am getting out of my long positions where I have been buying the Dollar. Watch for this set up!
We have a pattern of 5 complete waves, which in turn form wave 1 of greater degree, now we are in correction a-b, once the c wave is finished, ideally in 78.6 a perfect Cypher pattern will be formed that will give us a more confirmed entry for wave 2 of greater degree.. also we have 2 magnets in 78.6 level that must be closed
BTC looking really weak. That may been wykcoff redistribution. BTC is oversold but the failing to bounce at these levels with heavy sell pressure. I think we are getting extended waves here. This count makes more sense to me.
ETHUSD is still developing corrective 2nd wave structure...We have 2 potential H&S and iH&S pattern formations. Bullish iH&S (red) with right shoulder around 750-700$ and bearish one (blue) with potential right shoulder ~880$. Maximum target profit for bearish H&S goes exactly to the recent low around 570$. In my opinion technically we should see at least retest...
Watch out for the critical level at 11.200 - 11-400 level. We might see a reversal to continue the downtrend. If it breaks the above mentioned level it's expected to finish the Elliot Wave to 12.466.