So, currently USDJPY is approaching its weekly resistance level, From this a potential short position:
I will keep you guys updated as to how USDJPY reacts through out the week.
UJ just complete the 5th Elliot wave, now I see a little correction to continue to the upside until Daily trend line. At that point we will see how the price reacts.
40-60 pips on short to start the week and also to fill the GAP and finish pullback.
XRP is testing the 4hr trend line. lets see if breaks the trend line to continue until 0.55 cents.
If does not break is time to buy..
Let's wait some time to see what price do.
in my previous analysis i thought price reversed and its going up, however price was just pulling back. as you can see it broke the trend channel and theres a engulfing bear candle stick.
SPX500 is nearly 20% drop. D1 momentum candle indicates a decreasing trend. The upper level of the parallel channel drawn on the ATR axis (orange line) is a resistance to the exchange rate. Also, it can be seen that the exchange rate is the last part of a double-rising correction wave. The last wave target price is 2744 usd. From this level, I wait for a double ...
Based on a Fib from 2016 to the low of 2017. The price bounces off the 32fib and continues down. On the daily chart there is now a small wedge forming and it is not making higher highs. Bollinger bands are tightening up and price closed below the MA. Target price 1.25470.
DNN is the next downward wave. The exchange rate has ended the waveback correction (AB) wave. I expect a new drop wave from 0.4882 levels. The down arrow (BC) target price is 0.3226
BTC has already done 5 subwaves down in this C wave. However, this final subwave (5) is only 0.618 of wave 1. Although it is possible for it to finish here, I would expect it to go to the 1.0 or 1.618 of wave 1. This takes into consideration that subwave 3 was extended to the 1.618 of subwave 1. I have marked the possible finish at the 1.0 line or 1.618 line, ...
OSRAM profit warning. The exchange rate is ahead of a significant drop. Based on a technical picture it is a part of a second wave of downward wave structure. The decreasing movement target price is 38usd. From this level a rebound to the expected level of 52usd. Then a repeated fall. Subsequently, it is a very slow and volatile ascending phase.
Price consolidated starting around the 4th of May and finally broke below it on the 18th. Currently we are seeing a potential retest near 1.35000 which was a strong support zone since the 4th of May. I am waiting for a candle formation on either the 2H or 4H timeframes before going short on this one.
I see a bullish run finished on the next 30 - 40 pips and then we can expect a bearish movement until 110.300.
This could be the formation of our Right shoulder.
Let's wait for candle confirmation to enter a short trade.
I think EURAUD still remain 1 movement to the downside until next support region. At this moment is completing the flag to continue drooping. Let's wait the breakout to enter short at least 70 pips more.
Money money...
Bless
