All 5 waves are completed in an Expanding triangle pattern.
Smart sell is over, because of our local support nifty is not fallen like S&P500.
21 day money flow index shows compulsion of buying
Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000
let's have a buy until AUG 2nd
Last week EUR pairs experienced strong bearish pressure dropping to respective strong support levels.
Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen.
EURUSD bounced on the support level and printed a rejection candle on the daily timeframe.
EURAUD displays similar dynamics...
Every action there is equal and opposite reaction, 3 rd law of NEWTON.
In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62%
enjoy the trend change ,and make use of it .
It took about 3.5 years, from the last top in late 2007, to cross all relevant moving averages in early 2011, for us to confirm all the market bottoms were in. During that time, more than half of the market was lost in its last bottom compared to its last top. Expect same or worse in this 2022 recession, as more things will pop in this everything bubble. The...
Expecting to see a bit of pull back recovery from BTC.
in the past few days we had a serious call margins in Crypto and CFD markets. Lots of traders faced bankruptcy. Due to increase rate news , a lot of retailers short the market based on FUNDA news and that's is called momentum trading. It's now time to Algo trade against them and take them out of positions.
TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group.
The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge...
This chart I am showing you what I think are the support lines that must hold or down to the next is 100% guarantee. Note the 3k line IF we go down that far must hold or DEFI is dead and all coin is nothing but a memory of how the world lost money. Also know that the longer we go down and stay down, the bigger the recovery will be. This is crazy and stay clear of...
I was wondering what the people thought about the rising wedge potential breakout to the upside.... How possible do you all think this is? Is it considered betting against America if you think we actually break the structure to the downside? Just wondering thoughts from this picture you see in front of your eyes....
I see recovery.
The bullish target will start after a double low of the price and will be two, corresponding to the two Fibonacci retracements.
We wait for the double minimum.
ABCDE TRIANGLE CORRECTION is about to complete in NIFTY,
As per NEO wave counts temporary low formed in NIFTY@16142.
wave 'E' segment is less than wave 'A' segment is the first confirmation of correction ending.
The final C wave is also less than A ,in wave E segment also give a secondary confirmation.
to get a final confirmation bulls has to lift the nifty to...
Red line is the lowest potentially reachable price.
The orange range lines are the probable sector where the price needs to get out from, to either increase of fall.
There are some symmetrics vertically.
The price have failed to recover and stay in the orange range.
The blue down trending line has been very regular but we can notice that the price have succeeded...
Based on the history of BTC, we should have just completed the correction phase, which does not imply that we have found a Bottom.
Furthermore, based on the proportion of the red candle and the "recovery" period (usually characterized by a bounce and double low, then bounces and closes above the last low), the real "recovery" of BTC will take place around as at...
Hello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can...
Delta CEO Ed Bastian: "Over the last five weeks we’ve experienced the highest level of sales and booking activity at any time in our history...I think it’s going to be a very strong summer travel period for us going forward."
My price target is $47.50.
Looking forward to read your opinion abut it.
This chart represents a basket of top DeFi projects. DeFi tokens are down bad from their bull run highs, but seem to be bouncing off an area of previous accumulation / support.
Will we get a bearish retest of the 200SMA? This would amount to a ~30% pump for DeFi.
Bitcoin or ETH could easily steal the show, but perhaps worth keeping an eye on!
happy trades,
CD
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We entered the bull market support band and did not get rejected so far.
The RSI shows a strong healthy rise.
Trading volume is higher compared to the start of 2022.
We formed a W shaped double bottom which is a strong reversal sign.
Bearish...
