east-west_trading

east-west_trading

Greetings traders! I was a little bit overly bearish on the ES_F, but how it sits now gives good potential for a leading diagonal in the potential 1 wave! For this to be confirmed, the market must breach 4462.25 for 5 to be longer than 3. Once we go back through our measurements, we can see a good target area for the impulse to terminate just above this level that...

east-west_trading

Greetings traders. Looks like the true formation of the BTC impulse is starting to emerge! If this current move is to be the final movement of the larger wave 1, it looks as if it is shaping as and ending diagonal, but an expanding one. I have labelled some target areas above as potential points of termination of the impulse. Once it ends, a plan can be set for...

05:46

east-west_trading

Greetings traders! It looks like there is a good case for BTC to have finished it's initial run up from the support zone around $40k. Whilst I do have another count that has us only at sub-wave 3 of the 1st wave, the balance of evidence points to the first wave completed. Now we can look for the wave 2 pullback and getting set for the true rally that should take...

east-west_trading

Greetings traders. Upon viewing the Mini S&P, it seems a few factors have lined up to provide a shorting opportunity! First we have a great test and rejection of structural resistance around the 4475 area which lined up with the retracement zone of the move from 4550 down to 4293. Since then, we have put in an nicely formed impulse that diverges well between wavs...

east-west_trading

Greetings traders! A big down night in the stocks on the back of the Evergrande story, but are we technically at a turning point? Each of the highlighted pivots has a technical relationship to the high and todays low. Go check them out for yourself! Add to that some very nice channelling that helps to solidify some Elliott Wave patterns (potentially) and a Cypher...

east-west_trading

Greetings traders! A look at AUDJPY, and an observation of the daily charts shows a nicely completed Shark pattern that bottomed right on a 61.8% retracement of a dominant set of pivots. We got a nice reaction of that point, and now we are sitting on yet another 61.8% retracement. AUD positioning is very short. Is now the time to take it on. You decide!

02:16

east-west_trading

Greetings traders. Short video on what I am expecting on the EUR next week. All signs point to higher I think! Lots of things lining up here to give many layers of confluence, and I haven't even included them all in this video! Good luck!

east-west_trading

Greeting traders! Looks like we might be forming a leading diagonal now in DXY with this double tap of structure. There are some nice fib relationships between the swings now and when we couple that with clear divergence between RSI and price, the USD looks like it's ready to sink away again! Good luck!

east-west_trading

Greetings traders! I think we have a zigzag in the wave 2 position of Algorand's current impulse, so I am looking for a flat correction in wave 4 before we run for the top of wave 5. It would be worth noting this consolidation and structure as it might come into play down the track as an area that might finish the correction of this impulse! Good luck!

03:31

east-west_trading

Greetings traders! This correction is very complex, so be extremely careful about how you approach it and who you listen to if they try and validate it. It's highly likely my take is incorrect, but I have put the effort into trying to drill down. Be aware that others won't! Good luck and stay safe!

east-west_trading Updated 

Greetings traders! Well, what a special move by Algorand! It has shaken off the dump and exploded higher on huge volume! That can't be ignored! Taking a look a possible counts, and rather than see a 1/2/3/4, I can make the case for a 1/2 followed by another 1/2 which has us primed to move much much higher! My advice would be to look for an entry, don't use...

east-west_trading

Greetings traders! After the big dump, unraveling the correction has been a challenge however I feel it has made a case for completion! If we are going to move in a short C wave as per the larger bull count, then we can expect 5 waves down seeking the C wave to finish correction and wave 2 of a higher degree. The length of the next move is critical and a pivot and...

east-west_trading

Greetings traders! After the big dump, unraveling the correction has been a challenge however I feel it has made a case for completion! If we are going to move in a full blown C wave as per the larger bearish count, then we can expect 5 waves down seeking the larger 3rd wave of the big C correction. The length of the next move is critical and could take us to some...

east-west_trading

Greetings traders. After the big dump, it has been a challenge unravelling the correction, but I think it's making a decent case to have completed and we can expect another move down in 5 waves. The length of the next move will be critical! We can see some nice confluence building between the projection of the proposed A wave and the 61.8% retracement of the...

east-west_trading

Greetings traders! After the big dump, it's been a challenge to unravel the correction, but I think it's making a decent case to have completed. The more bearish scenario would see us moving down from here in 5 waves to seek the bottom of the 3rd wave at a larger degree. It can't be ruled out just yet and there is also a possible more bullish scenario unfolding...

east-west_trading Updated 

Greetings traders! The DXY has thrown a curve ball into the count as the preferred path ( As shown in red) has made a critical overlap of the proposed wave 1 bottom. But can we overlook that and stay with a much more pleasing shape in the larger impulse? I have found a way to complete the impulse off the low, but it is not very attractive and I wouldn't say it has...

east-west_trading

Greetings traders! Looks like the ES_F is unfolding into an ABC correction! Off the highs we can see 5 waves forming that would give us an A wave. Once this has terminated, I would be on the look out for a 3 wave correction to give us our B wave, then another 5 waves down to finish the C wave. This would give as wave 2 of a higher degree! The most likely targets...

east-west_trading

Greetings traders! I have taken a look at LUNA and I must say, it's showing some great signs on the wave patterns, even though it feels like I am very late to the party. None the less, looking at the larger impulse, it looks to me like it's not done yet and there is more upside to come! Of course there are no guarantees, but I feel that being long and placing a...