DavoodWadi

DavoodWadi

Following We have hit the bottom of the trendline. Long position triggered: First Profit Target: 187.00 (previous high) Second Profit Target: 195.00 (channel high) Stop Loss: 115.00 (previous higher low) Risk/Reward ratio: 3.78

DavoodWadi

The bearish price action in TVC:PLATINUM that started since Feb 2021 has the hallmarks of a bullish flag: Overlapping waves WXYXZ No significant price movement compared to the bullish impulse from Mar 2020 to Feb 2021. It has taken more than 2x the time to retrace 61.8% of the previous impulse move. Forecast: Platinum breaking below the...

DavoodWadi

Similar to KUCOIN:MATICUSDT , a bullish channel has formed for KUCOIN:XMRUSDT . A touch of the lower trendline could see a bounce back up to the upper trend line. Price action in KUCOIN:XMRUSDT is more conservative than other alt-coins

DavoodWadi

KUCOIN:MATICUSDT is in a bullish channel and about to hit the lower trend line. After touching the lower trendline, a reversal to the upside is expected. Keep it simple.

DavoodWadi

Two years ago, I made a video on my YouTube channel, explaining why Silver OANDA:XAGUSD is forming a strong bullish reversal pattern. Currently, we're past Wave 1 and almost at the end of Wave 2 in the new bullish cycle. Now, apparently, there's a belief that silver isn't a store of value anymore; that cryptocurrencies have already replaced gold and silver...

DavoodWadi

The previous bottom and the proceeding Wave 1 of the previous bull run, from Dec 2018 to Mar 2020 for BINANCE:ETHUSDT : The pattern is almost identical to the current price action, with massive volume spikes at the end of the Wave C correction. BINANCE:ETHUSDT BITSTAMP:ETHUSD

DavoodWadi

*** Disclaimer*** This is purely technical analysis. **************************************** Time: Based on historical bulls and bears of BITSTAMP:BTCUSD , it appears that the major low for long-term corrections is in the range of 364-413 days . Price: Price of BITSTAMP:BTCUSD appears to make sense in logarithmic scale. Long-term corrections are to the...

DavoodWadi

As the longer term trend is down, a large R/R is not expected. It is similar in correlation with the USDCAD trade but a different pattern.

DavoodWadi Updated 

Trying to exploit the C wave of the correction. The target it close to the commencement of the B wave since it could be the case of a truncated C. Nonetheless, the correction is promising for a swing trade for me. Best Regards. Davood Wadi.

DavoodWadi

I'm using a strong fake-out (Stop-Run) to enter short on EURGBP

DavoodWadi

We've been sitting in congestion for the last 21 (Fibonacci) hours while USDCAD was struggling to go down but failed each time it tried to sustain a daily new low. Now we have an Impulsive bearish candle failure followed by another Impulsive Bullish candle as our entry trigger. I'm also using bar counts to pinpoint a potential reversal time which hits right at...

DavoodWadi

Hi everyone, My trigger was the shakeout of the buyers by the fake out to the bottom For Gann followers we've hit 55 and 21 high to high bars and reversed For Elliott Wave practitioners, please take a look at the ABC down in the daily chart. You can see my 1on1 projection line on this chart And last and also least, we have had a bullish divergence since...

DavoodWadi

I've been waiting for this Ending Diagonal in Gold to finish it's final downward leg. Now it seems we have overshot the lower trendline and rejected back up. In Elliott rules for ending diagonals we don't have Wave III as the smallest wave, since wave V is shy of 1 on 1 with Wave III. Chances are a new bull market is on the way. It even could be the Final ...

DavoodWadi

We've broken out of the flag and retested it upper trendline twice. The two candles that did the retesting had unusually high tick activities . It shows strength in the background. If we manage to exceed the previous high it'll trigger another buy setup and this time the setup points to previous highs. P.S. The tick activity is not shown in TradingView. I...

DavoodWadi

We've been sitting in congestion during Asian session and now we're heading into European session. A textbook flag is forming during the consolidation that if breaks to the upside has a chance of getting as high as 0.71 handle because of the Flag Pole Projection target. Remember: even (often) textbook formations and patterns fail, so keep the position size...

DavoodWadi

A bounce right of the channel line Corrective structure to the downside Hitting off 50% retracement

DavoodWadi

We had a gap down and a reversal that give way to a high probability long setup. Risk reward is more than 1on1 and the setup's probability is gonna compensate for the its low amount.

DavoodWadi

The Longer Term Trend is Bearish after we broke some of longer term trendlines. I'm now looking at a bearish setup to get on the longer term trend. We have a textbook sideways correction forming. As of now a bullish triangle seems to be taking shape. If so, I'll expect more upside before my short order is filled. I expect less Reward comparing to the risk, but...