Break out of the level 4200 with retest will lead min 4400 SL 4050 probably high chance of downside, it looks like a distribution phase However wait for the confirmation breakdown of the level 4100 with retest will lead min 4000 Target 3700
This analysis is based on Wyckoff ideas. We can see a clear trading channel, that was broken during February 10 and 11, to form a new, but smaller and more detailed channel, where prices managed to rise strong up to a new high. That new high was made by a large green candle, closing about a fifth of its length, showing some weakness; and since then volume has...
Watching that area closely marked by the arrow. Expecting a minor correction phase to begin. Comments, ideas, suggestions, etc are welcome. Forex Guru Wealth Academy
-Closure a second weekly candle above is a big milestone to the bullish roadmap. -Closure below could be lead to a fake out and new low are coming.
CHART IS THAT OF THE NYSE BASED ON AN ALT WAVE STRUCTURE AND THE FACT THE 3 /21 MAJOR CYCLE LOW CAME IN ON 3/23 AND THE LOW WAS .382 2020 TO DEC 1974 LOW AND THE APRIL CYCLE LOW CAME RIGHT ON TIME .THE FAST THE MAY 10 TO 23 RETEST LOW FAILED .I MUST VIEW THIS AS A VERY BULLISH PHASE STILL TOO MIN 3050 I AM ALSO SEEING AN BULLISH WAVE STRUCTURE IN DJT ...
IF you think that THE PANIC IS OVER THINK AGAIN BASED ON THIS i THINK NOT .I AM NET SHORT TODAY AS OF 10 AM 2836 And very little will change my view THE NEXT DOWN WAVE IS NOT FAR OFF . MAY 10 AND THEN REAL TROUBLE INTO MID OCT
Mapping the price in H4: Some rules to understand the strategy: - shade of red trends = primary (the black one are secondary trends) - Redish trends is primary as medium investors are arbitring short/long term investors decisions. Div: Trend vs demand/supply -Ascending trends with red cloud is most likely tested twice before break up. -Descending trends with...
Mapping the price in H1: Some rules to understand the strategy: - shade of red trends = primary (the black one are secondary trends) - Redish trends is primary as medium investors are arbitring short/long term investors decisions. Div: Trend vs demand/supply -Ascending trends with red cloud is most likely tested twice before break up. -Descending trends with...
I wouldn't fomo here.
Observations: -The red clouds are most likely FOR NOW to cock block any attempt to go through this red storm. Wait for neutral or green clouds to appear in the long term trends (supply turning to demand). -The hourly medium term investor trend turned its resultant to buyers area despite a descending trend.This should be breakable but didn't yet. => I recommand...
Observation: - At the limit of breaking up the min15 medium term investors trend. If we close above in min15, next target is 7340$. - Huge gap between the clouds = No demand aera - In the other hand the resultant harmonics volume in sell was very low in the last cycle. Don't forget your SL set @ the last ascending trend level. Gl,
-TP1 at the top of the cloud of the current rope -TP2 at the next rope Observation: -The R/R is rather safe. -Waves resultant holding the price is almost turning green. -Long term cycles building slowly but surely a momentum. -The Clouds of resultants from volume is stained by some red clouds but all volumes rope had been crossed by the clouds (can't popularized...
Two TP above the rope. -Long term waves on current price rope are building up a momentum. -Price waves resultant is almost positive (green). -Green cloud on volume resultant is trying to creat an escape channel (wormshole). Because of this last indicator still in ""orange light", i wouldn't try to TP above TP1. Btw still a fair trade :) GL nb: More than...
Observation: - Harmonics long term building up momentum (Most important: Blue wave turning positive => bull trend) - Volume resultants= green - Price resultants= green - R/R no risky for longterm The idea: Two TP for the next rope. One on the rope and the second at the top of the cloud. Gl
Two medium term TP: ETH just got stopped by the MA resultant cloud above the next rope. =>The resultant currently red is now building up to be soon a green resultant. =>The next gap is amazingly huge, the BTC dominance will dump hard even more soon. You have to see the rope not connected to the market like potential bag of green volume...
Rope is almost reached. ''BTC army'' wont give up their dominance. Be ready for a local pump back!
Previous bottoming structures, weekly charts: 2 Weeks candle charts:
Analyse: - Good R/R ratio -Good Volume -Good FFT configuration on current rope (All harmonics in positive correlation) -Both resulante in price and volume = green light => TP1 = next rope TP2= Cloud potentiel of the next cycle