4-WAVE
Audusd SellMorning all,
Following on from our previous analysis on this pair, which is now a risk free trade. We are looking to open our second entry at wave 2 down, following on from the double top pattern! As you can see price is completed a mini correction and we expect further decline on this pair until Jan 2022.
Entry and Sl marked.
Likes and comments welcome.
Long term positive AUDNZD outlookNumber one, we can find that there is a huge demand where the market couldn't close below a previous low, this demand resulted in the market breaking the structure and making a new long term weekly high, now the market is moving in a corrective waves which can look like a channel, this area is also a demand zone as well as AB=CD,
What can we do now? if you are trading long timeframes or short timeframes, we could wait few days and look at lower time frames, try to find confirmation/s depend on your preferred analysis. Enjoy!
immediate short term for BTCfollowing my current count( i am still learning EW) we should see wave 3 touch the top of the ascending channel or perhaps crest just above it before retracing for a wave 4, wave 5 should see us rise above the channel and then begin our new 3 wave move down to retest the top of the channel. i am still cautious as many belive we may see 57-58k as major resistance zone and can retrace for a primary wave 2 down to 47-50k before our primary wave 3 up above the previous ATH.
$SPY - Filling the gaps - Elliot Wave analysis
With the unsettling issue of the approaching debt ceiling deadline on Oct. 18th, 2021 , the timing of this potential drop in price is quite coincidental.
Applied my Fib extension starting at the top of corrective Wave (B) and lined up Fib 0.618 on Wave (A). The depth of Wave (C) is still in progress.
This scenario brings Fib level 1.618 indicator to approx. 404.07 , which coincidentally is approx. where the previous gap to be filled on Apr. 5th, 2021.
Coincidence?
This is my TA opinion only.
G999 indicator wave swingG999 has momentum to break resistance and reach 0.0077 levels as shown by MACD indicatioans: wave change and convergence point in combination with EWO forming another peak. All of that allows to create buy setup below:
Buy price: 0.00686695 - 0.00703633
Stop loss: 0.00652204
Target level: 0.00777898
Matic on it's 3rd leg of an Impulse?Love Matic, love catching a wave. Hopefully this newbie will ride it out and not wipe out!
Gold ready to head higher again after small correction We had the first half of the week, a small correction at the gold chart. Wich is healthy ofcourse. If you you zome out where are still in a bulltrend.
Just need to patience to enter longs again
What I want to see is a close and retest above the $1800 level. Wich is highly respected in history.