Alternative to yesterdays bearish scenario, watching for the bounce off 200ma 4h which we got, so now watching for invalidation of bullish run. If we drop below 7450 i will revert to yesterdays bearish chart to watch for validation/invalidations at each wave point
Waiting for this to conform to my entry criteria, it has reached the zone looks like its forming a nice double bottom pattern at 61.8 area, could come down a bit further one to watch out for nice move possible to at least the previous high maybe further.
Been waiting for this set up, see my previous related chart.
Completion of the bear impulse wave and 10 wave exhaustion of the bear market for me will signal the end of the BTC/XMR pair bear market and i will be a strong buyer at these price levels with a 26% stop on original entry (this is a non leveraged position) these will be a long term hold possibly taking 1-2 years for completion of targets
though we see some correctional movement on silver
my outlook is still bearish .
currently, the market is standing just beneath the major falling trendline .
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag .
for us, it will be a perfect selling signal.
The exchange rate in the band of 1,1370-1,1450 can be sloping. It is assumed that this band will go downwards. After the exit, a double downward wave structure is more likely to be built. The target price for the first falling wave structure can be 1,1160 levels. We are then awaiting correction. Then, as the decline continues, the second wave structure will be...
TSLA update. Stay short. The exchange rate is a full wave structured dual wave system. The exchange rate may decline steadily. Currently, the second decreasing wave structure moves. Its target price is 180 usd environments. I expect a sustained increase from this level. In a duplicate double wave structure. For which purpose the "Elon Musk" level. 420
EURUSD short entry. The exchange rate is shifted to an uplink band (yellow parallel line). From this band we assume the down movement. The size of the decreasing wave can be equal to the size of the previous decreasing wave (2xD1 ATR size) The decrease target price is expected to be 1,1564 levels.
The exchange rate has entered a correction phase. The correction was triggered by MA (100) levels. I expect the correction level to be 12410 usd. Turning from this level, I expect a further decline. The target price for the decline is 12257usd.
The exchange rate may continue to move upward. The rise is expected in a definite wave structure with a primary target price of 14.66 usd. At present, the exchange rate stood on a fractal accurate ATR mirror axis, which is a resistance axis function. After this step, the rise can begin.
In the exchange rate a rare fractal structure can be seen. These can be characterized by the doubling of the amplitude. This is also shown in the figure. The center fractal is twice the size of the original fractal wave structure. If the theory is correct and a third fractal is formed, its target price may be 0.8000 usd.
The exchange rate may continue to fall. This rate is from the current level to another 10%. Then you can reach the end of the correction level. This is 2.27usd level. We expect a rise from this level. The size of the increased fall is not good news. But the good news is that this increased movement increases the volatility, which increases the ATR value of the...