Looks like we are in a WXYXZ Wave. MacD and RSI overbought. I want to see if price can reach the Y phase. However, I only want to see price make it between $40-$41. Small move but testing out a theory here. Which is 38% - 61% towards the "y"
I want another pullback in the markets. But the market don’t care what I think . Hopefully this works out and we get a pullback large or small . We could be at the end of the C phase and am looking for a retracement to the "5" wave 38% to 61%. Mac D and RSI is matching with the zero signal line having crossed over towards the down side. What do you think?
Working on Elliot waves so correct me if wrong. Looks like we are nearing an end to the w-wave phase and entering the "x" phase. If so I would like to see a retracement of 38-61% of the "x" at the most recent double top. The 4 hour is oversold but the daily isn't yet. Could have more room to drop but I want to scale in now for a long term hold. What do you think?
Looks like we broke out of a symmetrical triangle into a new wave phase! Could be wrong but let's see if we can hit target 1 or 2 as we move in the early phase of phase "3" before the next correction. RSI is oversold and the MacD is on the bottom side along with the signal line with some small volume starting to kick in. What do you think?
Elliot Wave Spotted: Contracting Ending Diagonal 3-3-3-3-3 Trying something new here. Looks like we are in the "C" phase of our wave. Want to see price retrace 38.2% - 61.80% of the previous high ( 5 Phase). One can also argue that this could be a double bottom forming as well. On the Daily timeframe, we could be at the beginning of the 3 Phase. So i would...
HI. as you can see in the chart, a head and shoulders pattern is in construction, we are waiting for the gold prices to move up again to 1979 zone where sells orders are set for a final target around 1922. NB : gold can also break 1960 directly without forming the right shoulder, but it is not a strong option at the moment, so we do nothing but wait to reach our...
Head and Shoulders on the 3Day. Bears continue to win? Mac D losing momentum on the top side. RSI oversold. With an RSI K/D Cross Down. Looking towards smaller timeframes to position into the trend! Not advice. Dont want to do price targets. Let the chart flow!
Potential Double bottom spotted with RSI K/D crossing up and Mac D on its bottom side with signal line potentially crossing above. Could we see 30 to 60% of previous high ? Feel free to comment!
Obvious ranging here. Strong support zone since January 2022. Looking for retracement of previous high between 15-50%. Buy volume slowly kicking in as well with Mac D losing bearish momentum. News to come in the morning (Monetary Policy Report/Interest Rate Decision) This may affect the trade. What do you think?
Mac D is losing bullish momentum. Sell volume starting to kick in slowly on smaller timeframes. We have been on a hot run and my ema's are starting to bend downwards. I want to see a 15 to 30% retracement of previous low. A holiday cool off? Mixed sentiment from CPI data causes some investors to pull out at these levels? Who knows? This is against the grain...
We made a new high! Now its time for the bears to take over on the retracement to the previous low. Mac D losing buyer pressure with sell volume slowly kicking in. Since March 7th, price pattern has retraced about 4 times. I would like to see it happen again. What do you think?
Tech sector. Has been ranging for a while (Orange lines) no home run but a small $1 or $2 move potentially depending on time. Mac D on bottom side. Could be losing downward selling pressure. 50% to 100% previous Fib target! What do you think? Working towards becoming a full time trader one day. Dying to Live! Not Advice!
As we can see since the Keeper Team is announced that the project will shutdown 3 April we've seen a lot of KP3R investors selling and panic, and we're going to retest the ATL again and catch a really good trade right there.
Potential Adam and Eve DOuble Top. Let's see where price is at by the time the Mac D goes tot he lower side. Bears winning candle fight since March 29th. Light sell volume kicking in on 4hr current candle.
Looking for 30% retracement on a company that may be being financed to keep them afloat as a new growth company and is still working towards being profitable. I like this company alot. However, I want to see if a W pattern is being formed and they are also negative cashflow and net income. January 4th - 27th could be a pattern match at some point before...
Looking for this reverse head and shoulders pattern to succeed. Daily Candle rejecting a resistance from Feb 7th. Trade is based off sentiment that the European central bank is still reducing net asset purchases and will wait until December meeting to raise rates. Any adjustments to the key ECB interest rates will take place some time after the end of the...
I like how this looks on the daily and 4 hour. Overbought on both timeframes. Mac D on top half. If you look at price action of 4 hour , you can see the bears are putting up a good fight to control the territory. Daily, 4 hour and 2 hour giving signals that selling pressure isnt over. Set stop loss at a point where bears took control on potential reversal...
I like where this sits on the daily. We may be gaining some momentum long term even with uncertainty in the market. In my opinion, $UL is not a failing company and customers still use their products for daily needs. I believe this here is a discount from its previous high. Let's see how much price can retrace the most recent high. Last time price was in this area...