Looks like we located a potential market anomaly on the daily timeframe (bearish candle, bullish volume) . There seems to be an "ABC" wave setting up here. The anomaly was located on yesterday's daily candle close . Seeing how we just had a 1-5 wave structure, we may be ready for correction before price decides to retrace the highs. Looking for price to test the...
Looks like we located a potential market anomaly on the daily timeframe (bearish candle, bullish volume . There seems to be a reversal head n shoulders setting up here. Furthermore, this also looks like an "abc" corrective wave. The anomaly was located on todays daily candle close we have been down trending since April. Seeing how we just had a 1-5 wave structure,...
Looks like we located a potential market anomaly on the daily timeframe . Price is in a range and could breakout. However, this also looks like an "abc" corrective or potential impulsive wave. The anomaly was located near the wave B extension where wave A originally started ( bearish candle, bullish volume ). If price passes the start of wave A before the bearish...
Looks like we located a potential market anomaly on the daily timeframe. Wave C has reached the 123% where the anomaly was spotted (bullish candle, bearish volume). If price reaches 161% before the bullish move, this trend might be impulsive instead of corrective. Looking for price to test the high of wave B between 38% to 61%. The RSI and MACD are both matching...
We have located a bearish candle close with bull volume on the daily timeframe. On the 3 hour timeframe, we may be pulling back to the wave 4 retracement. I don't want to set targets because everyone trades differently. To add, the RSI and MACD are matching top side on both timeframes as a bonus. Interesting to see what happens in the future. Happy trading and...
We have located a bearish candle close with bull volume. Not sure which part of the Elliott wave we are as I am still learning what to expect after a c wave recovery (daily timeframe). We are matching mac d and rsi (top side). I won't set any targets because people trade differently. Let's see how this goes. Happy trading. Not advice!
We have 4 hours and 30 minutes until this candle closes and the next hone open on the daily timeframe. If we can close on a bear candle with bull volume, I think a sell opportunity may arise. I don't want to set price targets. People exit differently and the point here is to make money and lose less than what you make. Let's see what happens once the next candle...
I see a bearish candle with some bullish volume coming in where the arrows are. We also may be in an "ABC wave". I would like to see the retracement retrace up up to 123% of the start of Wave A.
Break of 200MA, 50MA turning upwards and looking to cross next few sessions. Rising RSI and MACD looking positive. Recent trading update good.
Trading Checklist Fundamental: United States - Recent GDP Report: -8.5 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.75 Technical: - Could be at the start of an abc wave. I wonder if it could turn impulsive. - Stochastic is in an overbought state. - Bearish doji candle spotted while bullish volume broke down a bit. - Current and recent candles may be...
Trading Checklist Fundamental: Australia - Recent GDP Report: -2.8 - Inflation Rate: +1.6 - Recent Interest Rate Change: +0.5 New Zealand - Recent GDP Report: -3.2 - Inflation Rate: +0.4 - Recent Interest Rate Change: +0.5 Technical: - We could be starting the c wave. The b wave has retraced the start of the a wave by 61%. - Price is increasing while bullish has...
Trading Checklist Fundamental: - Net Network Growth : -0.23% - Large Transactions” -1.1% - 24 Hr volume: +25% Technical: - Stochastic overbought - Price creating a resistance. Current candle forming may be rejecting the 20 HMA. - Wave 4 (if valid) should retrace 38% of the start of wave 3 (where wave 2 is). - Two bearish candles at an extension with bullish...
Trading Checklist Fundamental: Unites States - Recent GDP Report: -8.5 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.75 Europe - Recent GDP Report: +0.4 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.5 Technical: - RSI Divergence? Lower high on Stochastic. Equal high’s between waves 3 - b. - Wave B retraced the start of wave a 85%. Bullish...
🖥️ We have determined there is a 65% chance Bitcoin will fall from our current entry point. 📉 SHORT BTC - Entry Price : $22,430 📉 💵 Length of trade: we are expecting BTC to hit a $225 scalp, with a high end of $300, and a minimum expectation of $150. 🕰️ Duration of trade: we are expecting this to occur within 3 hours of this signal, with a maximum duration of...
We could be getting setup for an abc wave. I marked to 61% and 161% retracement levels to see if the levels run true. I also put a stop loss at the start of the "c" wave in order to make price prove its validity. We are at a level where bears start to fight harder. Let's see what happens over time! It's also good to see some small wick rejection of the 50...
Is Gold ranging? On the 1 hour, volume bars are decreasing as price action has been bullish the last few hours. Looking for a 61% retracement towards the previous low. What do you think. I believe that Gold may pull back to some degree. RSI is oversold on the 1 hour as well. Follow and like let's build!
Hope you like the art. We might be approaching the end of the fifth wave. Do you think we can retrace to the 61% zone of the previous low (wave 4)? We are nearing an overbought area. We haven't gotten there just yet but I would like to see how the candle closes in a couple of hours. If the bull volume can close lower than the previous candle, we may be getting an...
Looks like we may be at a pivot point. We are at an overbought area on the RSI. I believe that this may be an "abc" corrective wave pattern. We may be coming off of the C part of the wave. I didnt want to over mark the chart. Looking for a 61% Fibonacci retracement to the previous low. It's a fair fight around this area regarding bulls and bears volume so I...