Bitcoin for me has a number of reasons as to why it could fall as low as $1800 usd before going up.
1) The long trendline at the bottom is off the monthly chart
2) The 200 ma (red one on the weekly chart will perfectly align with 2900 which was a previous price i also thought it would fall towards
3) A huge triangle has formed on the weekly which needs to be ...
DJI appears to be in a corrective period.
I have seen this as a zig-zag which has led on to either another zig-zag or what may not have finished triangle.
I have added the moving average for extra confluence and the market appears to have made a very short term flag (trend continuation pattern).
To me this is looking upside and could potentially be the start of ...
It seems that DXY has been acting within this price range for some time and I have seen it as a more complex pattern.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline.
If that is the end of the correction, ...
Gold seems to have finished the 5 wave pattern which my other gold prediction covered.
The five wave cycle has finished and has formed an A wave, is currently in the B wave and I am looking at any break of the short term trendline.
This would confirm downside.
I would not be surprised if the correction did retrace to the 50-61.8% of wave A before wave B ...
A-B fib retracement shows the D finish in 61.8-78.6% area.
I expect price to fall into the 61.8-78.6% area of retracement C to D.
I am waiting to see if it is confirmed for further downside at this point, before making any further predictions.
Considering our chart, we can observe a price reduction. If we evaluate our daily chart from the point of view of wave analysis, then we will see the 4th wave, which indicates a decline in this pair. And soon we expect the 5th downward wave. Especially after the statements of Jerome Powell, we expect the strengthening of the reserve currency.
Therefore, we will ...
Hi Traders,
After comments from Mnuchin and very heavy USD shorts on the market the USD has been very weak. However, after Mr. Trump and Mnuchin (again but this time saying the opposite) confirming that they want a strong USD "reflecting on the US economy" the market has finally stopped selling USD as it was few days ago. Therefore, I believe that we will ...
If you follow my posts you will see that I've profited from a cypher pattern on euro/usd for the last month or so... Now the pattern has completed and price is starting to reverse I'm looking for the next move up! This falls in nicely for another move up to situate us right near the resistance that I've already marked up! Good risk reward on this trade.... DONT ...
Wave 2 Retrace between 23.60% and 38.20% of Wave 1.
Wave 3 is nearly 161.8% of wave 1.
Wave 4 Retrace between 23.60%-38.20% of Wave 3.
I will buy soon as the market opens and set my stop loss at 0.98363
Go long for a potential wave 5 that is 100 percent of wave one at 1.02492
