If you have experience with Elliott Wave Theory I would really love your insight and feedback. Does this look right? I ran Fib Retracement and then Fib Extention. Is this a good projection or should I go back further and start over with a new count?
XLMUSD Lumen
A small reverse head and shoulders with about 15% of upside
to a minimum target at 508 once 445 is re-taken and held
with stops below the neck-line when broken. It should then
rally to the upper parallel where can look to take profits once
this triggers.
Until then this is still vulnerable to further sell offs - but
slowly resistance looks to be...
* IMPROBABLE BUT FUNNY*
This is a crazy idea for a massive cup with handle. High volume on the extremities and low volume throughout the 'cup'. A TON of assumptions made to make a handle on the cup and a ridiculous projection on the possible breakdown form that handle point puts us at 2.5k. When plotting this I thought it was too funny to find a possible path to...
AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on...
Hi guys,
another day another trade. Quite alot of setups this week so far. Today I'm going to put an entry order on GBPNZD.
Price pulled back and formed a double bottom, rejecting the 50 EMA aswell as the 0.618 daily fibonacci retracement level.
As of the time of writing this price has'nt closed above the daily 0.5 level yet, if the day should close above it...
BTGUSD
Yet another, smaller reverse head and shoulders pattern with
a minimum upside target at 189. Look to buy dips back to the
dynamic support line running under price with stops below the
same line and run to 188.
ETHEREUM: ETHUSD Reverse Head and Shoulders with 1250 minimum upside target
ETHEREUM ETHUSD
The ETH chart shows a reverse head and shoulders formation
with a minimum upside target at 1250 exactly - which also
ties in with fixed resistance at 1251 line. It's tracking a well
defined dynamic and remains positive whilst it does so.
Tests of this line can be...
XAUUSD Gold Head and Shoulders Top
Recent price action has created a head and shoulders top
formation with a minimum downside target at 1284. Lesser
support at 1306 may give rise to a 10 point or so rally before
the downtrend resumes. Whilst below 1328 gold will remain in
a very weak technical position
Bitcoin BTCUSD Update
A speccy buy in the 16480-16410 range with a stop below
16400 for small loss if wrong here. If it falls away further from
16400 will look to enter again later from lower down, from
15810 if touched.
It is trying to turn back up here and needs to clear 16652 and
hold above there to confirm that the trend has turned back to
positive from...
Bitcoin Update
Can buy this when it breaks out of the upper parallel
....14594 is holding...can buy off here with stop below by 20
points for small loss if wrong or when it breaks the upper
parallel ...try on 5 minut chart..will not upload less than 15
minute chart
ETHUSD
Eth has popped the upper parallel and has now come back to
support at 410 offering a place to get long with a stop just
under 409 for small loss if wrong from here
DASHUSD
Consolidating recent gains in a pennant: not as trustworthy as
a flag, though. The recent low was 609, exactly double the
price we paid at 305 some 15 days or so ago. Are you watching, Bitcoin?
Two strikes on the lower line shows 'hot', still. Now it has to
find enough buyers to beat the upper line of the pennant...
If it can mange this we can...
BRENT Crude Oil UKOIL Update
A nasty failed break above the upper paralle lhas forced Brent
back to the lower parallel, the entry point was hoping for, so
am going long at 62.18 with stop under 61.90. And if this call
goes wrong and Brent breaks below the lower little parallel of
this flag forming now will reverse completely for fall to 61.12.
If it's going...
Cac 40 Long-Pull Long
This index continues to make positive technical moves: the
little continuation pattern that brings the index perfectly
back to the long term dynamic that had acted as resistance
for 10 long years since 2007 highs - it comes back for one last
kiss - right on a line 10 years old - it turns it into support and
fires northwards - classic...
