Price has completed an ending diagonal, a very reliable pattern for an aggressive unwind to Wave 4 of the previous degree. Upside target $122.
Price retraced back to Wave 4 of one minor degree and is at confluence of 61.8% of Wave . Potential short here with close invalidation at 28.6k. Target at 24k.
We are one month into this price range without any resolve. Rectangles typically break upwards. We did have a breakout but ended in a false break. Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle. IMO breakdown is coming within the next few days.
If you think that the DXY has bottomed, consider expressing a long position on USDCHF.
Last week, price formed a Tower Bottom on the Daily, providing a clear support zone. The retracement has been done, and price has today confirmed the pattern by opening above the Tower Bottom pattern and EMA. Could be a slow trade, but good odds of reaching at least one target. Good luck!
This swift move down from 22 June has not done any retrace, most likely a wave C of Expanded Flat. I am bullish short term. See below for similar move in Bitcoin daily from early 2023. Also an expanded flat. Cheers!
ETH at resistance. Similar structure as Apr high. Big move up following by several small candles. Unlike BTC, ETH don't always sweep the previous week high. Short at todays open with easy invalidation above 1950 could be a good RR trade. Its crypto, be careful and risk small.
Last week, price formed a diamond top on the 4-hour chart. Diamond tops are nice patterns, but quick up and quick down. The profit has been made and I believe the correction is done. Price should head much higher from here (see Daily chart below). For less aggressive entry, wait for price to move above the blue box.
Does all CME gaps get filled? I don't know, but almost all the gaps in 2020/2021/2022 got filled. Now we have a few gaps left on the chart. Not hoping that this will happen because my target low is 13/14k, but there is always a possible swift move to 9k scenario. Macro conditions can change quite suddenly. Always stay safe.
CADJPY is currently sitting on 61.8% retracement level. The shaded corrective structures shows that correction is ending / or has ended. On LTF, price has broken resistance levels. JPY index also is on a pending up move. Once USDJPY starts moving, we will have a potential big move to the downside. Good luck, and don't forget to take profits in case it runs...
Breakout? Doesn't appears like it. Wave 5 looks done around here and price could be heading down. Short with invalidation at 1.72 and target at 1.61. No confirmation yet but a good RR trade if it works out. Good luck!
A Running Flat has formed on on cable. Running flats typically runs 5 or 7 points. Currently at its 5th point. Building a position on shorts. 1.235 or lower is on the table.
The move up from 6 Apr 2023 has been corrective with no clear wave count. If we deviate here, likely heading back to the same low for a completion of Wave (C).
Is silver on a breakout? Higher timeframe wave structure suggests that we aren't in a impulse move. Betting on lower prices.
Breakdown of horizontal corrective structure. Possibly heading to 94. Good luck.
If we get a deviation here, potential rally to target at range highs $2.9 / $3.0.
I think correction is done. Price should run back up after some consolidation at current blue zone.
Price looks to have completed an expanded Wave B. Could go slightly higher, but not much. The final push yesterday ended in an evening star on H4, giving a clear signal to short on daily open. There are several support zones along the way but I think price is eventually going to 1.72 / 1.73 area.