The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
For MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28. From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May....
BTCUSDT is in a downtrend now to fill the corrective wave-A in a broadening structure, which suggests by the wave count that we are in the terminus of a micro wave-ii, thereby the expected retrace can reach 27750 in the rest of the day, i.e. I'm predicting a extensive wave-(V) in a expanding ending diagonal (broadening wedge formation).
EURUSD Forming an Expanding Triangle Structure It Possible for EURUSD to Start Selling Next Week Pls Drop Your Ideas We're All Learning Here
Hello Traders! Welcome back to another post with analyst Aadil1000x. Today we can see the patterns are repeating and in both cases, the patterns are forming after the breakout of expanding triangle patterns. The previous pattern was expanding triangle; if we look whole accumulation period, you will see it is also an expanding triangle pattern. The market is in...
Potential expanding triangle formed within a downtrend. A rejection at the third touch will suffice for a short entry.
First of all, forgive me to draw so much in this chart but AAPL is on fire and we've to take a close look to price movements because we could see awesome opportunities soon. We all know AAPL, amazing business, great margins but now suffering some issues with production that can lead to some volatility. In this chart, you can see: 1. A very big historical...
This will be introduction to expanding triangles.In a way, to my way of thinking, there are 3 kinds of markets: Trending markets, ranging markets, and expanding triangles. Sometimes expanding markets are elusive, but it helps you to know about them. You can still make money and manage your trades...Not knowing. In an expanding market, especially because they're...
Expanding channel with a bearish impulsive rejection on a double top, followed by a corrective structure. A rejection at the third touch of the corrective structure on the lower timeframe will suffice for a short position, down to the low of the expanding structure.
Price formed a clear descending channel followed by a double bottom while reaching for the third touch, resulting in a bullish impulsive move. With the current corrective expanding structure being formed, I am waiting for a final rejection before going long.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been...
Now its clear that wave 'C' has started to bring the index DOWN to 3593 or much lower up to 2562
Head and shoulder formed at the third touch of the expanding channel, followed by a bearish impulsive break. Looking forward to some further bearish momentum after the formation of a corrective structure at the moment either in the form of an ascending or expanding channel.
Update to previous idea. Look like a minor wave 4 completing in the form of an expanding triangle
According ewt expanding triangle via $DEU40 should plunge lower than lows of 1932 and 1945 in next 70 years.
Bounce zone 195-current level 240s by next week, 260s following pullback see green trajectory Snipers delight expanding triangle. Bigger picture is we are nearing completion of Triple Combo correction