BIAS: BULLISH 🔺 TECHNICAL PROJECTION: BULLISH 🔺 We have a bullish bias that price will rise to 137. Once there is upside confirmation, bullish momentum is expected to carry to 141 target. AREAS OF INTEREST: H4 time frame, break of resistance at 137 H4 time frame, support at 134.225 - attempting to catch the bullish "E" wave FUNDAMENTAL PROJECTION: JPY WEAK...
There is a confluence of forces at play here..... This can go either way. Trading comes down to adapting to the environment you are working in. This is my trigger point,
Fib Retracement created off the ATH and recent low. BTC had rallied but failed to reclaim and hold the .702 retracement. It then entered an A-B-C correction, textbook. On October 3, we see BTC cleared the B-wave high, circled in red. This signaled the end of the A-B-C correction. Technically speaking, a move even $1 higher than the previous B-wave high ends the...
When you are just learning something I think it is best not to perform it on a live chart right away. You will most likely still be grasping concepts and run a high risk of failure and frustration. That being said, here are some basic applications of using Elliot wave measurements on something that's happening now. The 4 hour time frame is wide enough where you...
A lot depends on how you count your waves. If we consider March 2020 - April 2021 to be an impulse wave, and the area within the two vertical yellow lines to be an ABC correction, then another impulse wave can be expected with about the same angle as the previous impulse wave. This would get us to about 80,000 USD by the end of this year.
I just transposed the auto-analysis results I got in MotiveWave to TradingView since I'm really not good at doing these manually. Sorry if I didn't label something right. First thing I've published. For educational purposes only.
Lets have a look at a spectrum of Forex pairs Some good action on Pounds today and likely to continue over the next few days / weeks. Brexit Issue is still creating alot of trouble for the pounds The dollar is under pressure, the more they print the lower it goes or something along those lines
Limit SELL Orders from $ 8555 - $8645 Reason 4 Trade: ewCount | RSI Div. | MACD Div.(Sell Signal) | Just Bcuz )) TP: $ 8313 - $ 8300 Risk: 8/10 1% MAX Position Allocation 7x leverage (Cross leverage) **Always USE Protection** )) Stop Loss : ABOVE $8750
Riding the POSSIBLE Wave 3 Count after this massive correction. In Relation to BTC movement today.
Possible e-wave count (Wave 3 of Micro-Marco Counting), after the wxyxz correction. Long Position: Target: 0.382 Fib. Ride the TREND
Has BTC reached a temporary peak based on Elliott Wave Count methodology? The analysis is based on the available and relevant price data from the Coinbase Exchange. Wave 5 appears to have peaked at the US$3000 level, and is now correcting. Affecting BTC's near term price uncertainty is the UASF BIP148 vs Lightning Network issue that has not been resolved as of...
I have been patiently waiting on gold since someone told me that it was going to turn at 1205. Now it looks ready. I see an Ewave 4 to5. Happening. So gold NEEDS to man the hell up and prove price action right.
I haven't posted an update in a while. Here's a quick teaser of my review of the wave count. Please check back tomorrow for full commentary on my website. For now, the text on the chart outlines my current thinking. Buy the dip once it dips more, essentially.
USDCAD is looking to approach another sell area in its daily corrective move we have all been following so intently. There have been many setups on offer during this period and this short setup is by no means any different. Nevertheless I will touch on why, further down in this piece, this correction may be coming to an end! If price doesn't move into no mans...
Another USD position. This one has eluded me for a couple of weeks but became clear to me a couple of days ago that a head and shoulders was forming after the 5th touch of the pendant (horizontal triangle) seen here with these trend lines in green and cyan blue. This corrective structure hit the 5th or the E wave on what we call the 'head' of this H&S pattern so...
USD/CAD is moving within an ascending Channel. I expect a last downmove to the support zone at 1.29950 and then an upmove to complet the E Wave. I'll enter my long Position after a breakout on a lower Timeframe. Trade safe, Daniel Likes and comments are appreciated and would keep me motivated
Downtrend - S/L 0,76250, T/P 0.71500
Hello Traders! Sell Limit - 1.44049, S/L - 1.46000, T/P - 1.44000 Best regards, Powerful Traders!