A counter neutral pattern is forming in #btcusd chart. I think it can begin to coming back from 5400 price level with stop loss level of 5000. Mid term take profit is shown about 15000$.
current wave might take some time to fully develop. after that an upward corrective move is expected. invalidation level for this pattern is not clear at the moment and the pattern needs more time to develop. side note: looking at bitcoin chart and other altcoins, shows that the bullish market is not over yet, and crypto markets will stay bullish in Q2~Q3 2018.
A clear trading ideas will not always be perfect but it is a start..
The Dow Jones Industrials DJ has a very interesting long term chart, particularly the +20 year chart. Between 1998 and 2009, the Dow Jones traded in a sideways pattern, while before and after that period it was in a secular bull market. It is not really fair to say that the stock market is in a bubble right now, although, on a shorter timeframe, a bubble...
NEO currently revert the downtrend it was following. I would say it will raise in the next period. Not sure however what will be the target. Make a short profit if you can! Not a financial advice, just my opinion.
This is just personal opinion don't invest
In my previous analysis on Nifty I presented the possibility that Nifty could be headed lower towards 9700 in a wave 4 correction within the larger wave 3. During the last month Nifty consolidated between 10,300-10,640 but was unable to move higher above 10,640 . The fact that Nifty couldn't move past 10,640 in somewhat favorable global environment was a worrying...
wave-1 and wave-3 relate by time wave-1 and wave-3 almost relate by 61.8% in price 0-2 trendline is broken which is normal if a triangle is forming, a wave in triangle is related by wave-b by almost 61.8 but is shorter than 61.8 wave-3 isnt over 1.618 of wave-1 so wave-3 isnt the extended one but wave-3 is related by wave-1 by 1.618 wave-2 is simple and wave-4...
If wave-1 turns out to be or is believed to be the longest wave in the sequence the second wave cannot retrace mush more than 38.2% of the first wave. If the first wave is not longest wave the lowest point of wave-2 can retrace as much as 99% of wave-1.
NEoWave analysis on DXY at Monthly time frame and most degree by Enayat Ashkian The Details of the analysis is shown on the chart and described that Bearish most degree corrective pattern is not completed . (A)-(B)-(C) Wave that is marked by yellow labels and is completed: Wave (B) / Wave (A) : Price about 40% Duration about...