This could be nothing. Perhaps too simplistic, but the recent rally ending in May looks eerily similar to this recent run. Comparing 1D between FEB and MAY with 12h between July and now. No Elliot/Wyckoff stuff here, simply annotating the tops for comparison. Apart from the price forming a very similar pattern, notice how the volume on both is decreasing and how...
ADA bounced off of the 200MA but the buying was just not there, and it dipped below the 200MA. That tells us buyers are unsure at the moment. Therefore, the strongest support area above 2.18 was tested, which is 2.5. This held for the moment. Set an alert at 2.48, if the price falls below this, it is heading to 2.2. These next few hours will tell us a lot. Buyers...
So, ADA has been confused as of late. We have seen 2 bullish patterns break to the downside recently which tell me people want to get in at a better price point. There was a lot of consolidation and though we have 3 lower highs, we don't have the retracement necessary to confirm the trend. This tells me we are just looking at a pullback. Overall, I believe the...
Hi everyone:
Here on USDSGD, there's potential opportunities for a bearish continuation to happen.
We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure.
With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish...
The following VAs listed in the chart (left to right):
1. VA of current calendar year
2. VA of Wyckoff Distribution Top
3. VA of potential accumulation zone
4. VA of current and potential distribution zone
BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K.
Buyers...
Support/Resistance levels legend :
Green : Very likely for the price to pass (low support/resistance)
Red : Very unlikely for the price to pass ( hard support/resistance)
There has been so much movement regarding the price as of late, it is finally finding a place to rest for a moment. So much so, the price is consolidating into a funnel. Bringing the price closer and closer into equilibrium until an agreement is made, and a trendline is broken. There is something truly beautiful about patterns and trendlines. Anyways, now would be...
Hi everyone:
Last Friday we had some reversal price action across the market, and EURUSD happens to have the best possible development among the USD pairs.
We can see the larger, descending structure correcting the price down to the higher time frame double bottoms.
Price did initially try to push higher from my previous long analysis, but failed to continue...
Hello traders:
ADA has been in a strong bullish pushed up from the HTF bullish reversal structure, and is now at the all time highs level.
From my previous analysis after price impulse out of the HTD descending strucu4tre, the price did indeed impulse up just as expected.
Now we are at the all time highs, few possibility can happen here.
While I am certainly...
BAT/BTC, which is an amazing pair to trade, has very recently made some extremely bullish and wild moves. Keep an eye on the 30-min or 45-min MACD, and its quite possible that
instead of crossing bearish (Signal line down over MACD line), the lines, which are currently pinched closed, will open up again and it will take off and make another upward run.
What does...
Patter: Wedge/Trend
Confirmation: Currently we are looking and waiting for a break of the trend/wedge. We bought the rejection candle on the Daileys time frame and also look to add to that position on upwards break towards marked targets.
Entry: Patience and add to long positions after break
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
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-Update elliotwave.
Hello everyone:
Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for.
Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some...
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
Like and follow!
-Update elliotwave
M&M forming pattern on weekly charts keep in a watchlist or add an alert. Remember that breakout have to be strong with good volume and closing have to be good upper side not in mid or downrange. The trend is an uptrend.
I’m currently driving but the idea struck me the pattern and the chart formation, Citigroup is currently focused on one thing and that’s it pattern for this coming week “C” is focused on one thing and that’s it’s current pattern…
I know you see just an arrow pointing down cans now technical level fundamental pattern, I’m going based on the strength of the last...
