suphaveerk

suphaveerk Updated 

- We can easily spotted a Zigzag correction on the chart - Intermediate (A)(B)(C) - Intermediate (C) seems to be a 5th wave failure pattern, where price should retrace back to at least 100% of the whole wave (@51) - TP no.2 is set at @71 - 61% retracement of the Intermediate Zigzag pattern. - There is a possibility that we can see a new high in this bull run, but...

suphaveerk Updated 

- We are currently in a Primary wave retracement; which consist of Intermediate wave (A)(B)(C). - After the completion of Primary wave retracement, we can expect a Primary Wave movement up soon.

suphaveerk Updated 

- Expect a minor retracement of minuette wave (c) of minute wave to around the orange line given on the chart - After the retracement of minute wave is completed, expect a parabolic move to the upside.

suphaveerk

- Price just broke out of the white trendline, confirming the end of this ABC correction. - Hence a good buy opportunity is presented here (very nice RR ratio). SL if price make a new low. I am very bullish that it could make a new high, however; strong resistant is presented at around 34$.

suphaveerk

- Price just hit a very important resistant level 0.618 (fibonacci expansion). - Price needs to break out 1. the purple channel 2. the white trendline to confirm the end of this correction. - Expect a big move to the upside if the above has been confirmed.

suphaveerk

We are currently approaching the end of Minor Wave C (Red). As of now we cannot confirm for sure that Minor Wave C has ended; the breakout of the white trendline is needed as confirmation. Hence; a good entry point would be where price broke the white trendline.

suphaveerk

It seems that we are in the Primary Wave correction, which seems to be doing a non-standard pattern (ABCXABC). An alternative count is that the Primary Wave correction has ended, being a normal Flat pattern (ABC) - in green. In both scenarios, the end of the Primary Wave correction can be confirmed when the purple channel line is broken.

suphaveerk

We are currently approaching the end of an intermediate wave (C) of a Primary Wave ; which suggest a good buying opportunity before the explosion upward of a Primary Wave . However; the intermediate wave (C) does not seem to end yet. Supporting levels are listed on the chart (green line). Two things are required to confirm the end of the Intermediate wave (C)....

suphaveerk

- I do expect this to be the end of a downtrend non-standard correction (ABCXABCXABC). If not, there is another support at 16.71. - Confirmation point: when price break above the green line and does not make a new low.

suphaveerk

- I do expect a retracement in price to occur soon. - The green line on the chart represents some key support point that I personally am looking to enter.

suphaveerk

- -A very good enter opportunity is presented here in the chart at the end of a minute correction. - confirmation point is when the black trendline is broken; indiciating the end of wave . - the green horizontal line shows a strong support entry level.

suphaveerk

Spotted a cup and handle pattern. Success rate for cup and handle pattern is around 65-68%.

suphaveerk Updated 

- Month TF:we are currently in Cycle wave C - expect price to with TP as 5.74, 6.84, and 7.56 respectively. - Date TF: Within the Cycle Wave C, we are in an Intermediate Wave (4) of Primary Wave . Hence, we can expect a minor retracement to around 2.90 to 3.16 area. A good opportunity to enter would be at the end of Intermediate Wave(4).

suphaveerk Updated 

- I am expecting a non-standard correciton (ABCXABC pattern), in which PRIMARY wave has just ended and we are forming PRIMARY wave of the second ABC of the non-standard correction. - There is a strong resistance at 77.75.

suphaveerk Updated 

Intermediate wave (2) has already retrace 61.8% of Intermediate wave (1). It also has completed a three wave structure downward ABC, hence; I believe Intermediate wave (2) has already completed and we are now approaching Intermediate wave (3) - which I expect it to reach at least new all time high.

suphaveerk Updated 

We currently are in a Cycle wave c. I believe there is one leg up to go - Primary wave of an impulse - to complete this upward cycle.

suphaveerk Updated 

- There is a chance that the Cycle Wave III is a non-standard correction (ABCXABC), where the current Primary wave may be a triangle. - If prices break the downward trend, then this Cycle Wave III is more likely to be an impulse wave.

suphaveerk

- CYCLE ABC pattern where the CYCLE WAVE B seems to be a strong b + c-failure pattern. This shows us that we can expect an aggressive thrust of the CYCLE WAVE C pattern with strong resistant at the given level on the chart. - INTERMEDIATE WAVE (B) of CYCLE WAVE B seems to be a non-standard correction with a hidden wave (X).