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5-wxy

XAG/USD Advanced Analysis- EducationalYou might have to look at this for a little bit to see what I'm saying. I'm simply illustrating that Silver is still on its "B" wave. The reason I say this is because, after our "W" of the larger degree, it has been in what seems to be an obvious corrective swing pattern. It broke the equal length-1.236 extension of smaller wxy pattern (which should not be invalidated until break of 1.618 with price action confirmation) and went to pitchfork and equal length in time to "A".... so that is where it sits as of now. It is approaching supply level. So, my point is this. If it were to keep extending down, that should just mean a larger move up in the upcoming future. It can break the low and take off up for "C", it can pull up from right here for a lower shoulder. But my point is, if you have capital and patience, you have an extremely high probability of silver pulling up for a long wave. If it were to extend all the way down to 12.00-10.00 range that is a no brainer investment to me, so would they let it drop that low? Doesn't make sense. Could it take years? Could it consolidate in a sideways range? Yes, but that should just be an accumulation phase to go up. A lot of people hop on an "A" wave. Plenty of people probably bought Silver as it was shooting up and have been trapped, many of them probably closed and took a loss. That's why we get these long complex "B" waves. Is anything Guaranteed in any market?.. No. There's just probable and improbable based on how the market moves. What did Warren Buffet say? "In the short term, the market is a popularity contest. In the long term, the market is a weighing machine." "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value." "I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing." "The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
FOREXCOM:XAGUSD
by thillygoosth
Aud/Nzd Weekly Wave analysisI see audnzd to be on its "B" wave. Considering everything, I think it would make a lot of sense for this pattern to make one more up, possibly to break trend line and then downside. I think that would complete this small corrective wave it is on on the daily/4hr. If it follows that structure, that should mean nice sell upcoming. Then considering the pattern, there would be a very nice buy for a "C" wave once it breaks the low and completes. It may not do exactly like I have drawn up.....Just saying.... If it did....
by thillygoosth
2
BCH and the 3 the magic number 3 oh its the magic number I love charting BCH Actually I feel like 9/10 BCH moves first in the market, and I like being ahead of the game ;) Seems to me like we are currently in a WXY correction pattern, currently in wave Y, with the bottom near. There are VERY BEARISH feels right now. I feel very positive about this strong downwards movement. RSI overbought through the roof Bearish divergents on both volume & RSI HIGH % long positions 3 is actually my favourite number, always has been. The best things happen in 3's. Third time lucky. Three bags full So this is why I will give you 3 short targets SHORT TARGET #1 $492 SHORT TARGET #2 $393 SHORT TARGET #3 $333 After target number 3 I expect to see a BIG movement in a bullish way. Making charts to buy wine and pay for surfboard repairs. #nofinancialadvice
BShort
by River-crypto
EOS forecast with 2 scenarios: Start of bullish impulse, or no?Green waves show an impulsive bullish potential Orange WXY pattern showing a potential longer corrective pattern with a lower low yet to be had maybe EOS is tethered to BTC's performance, maybe it isn't. WE shall see, but these are scenarios i am preparing for. not trading advice, just observations. just buy and hodl btc if you want to be safe, and when i mean HODL - i mean for next 8 years +/- 2 years. Read up on the benner cycle.
BITFINEX:EOSUSD
by astoinis
5
CAD/CHF I'm shortI posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as long as it stays below them, I will hold. I will even allow it to hit trend line before giving up on it, but I think it's ready.
Short
by thillygoosth
NZD/CAD possible buy setupI pointed out the level on Ncad last week. Refer to my daily or weekly chart if you can find it. Stops should be in profit at this point. Right now it is correcting at trend line and looks like it will go up again. The 4hr can show more room down, but it is turned up on the daily and looks like we should at least get more correction up. The best scenario would be for it to pull into that zone or break it. It measures out trend fib wise to come off the .618.
Long
by thillygoosth
GBP/CAD 7 swing, looking for at least a buy scalp...Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you are trading within a correction so there are different possibilities of how it plays out. It can finish correcting and just continue down, but it can also turn into a running flat, pulling up much more.
by thillygoosth
SPX in possible WXY correction reaching new closing high on 'X'Folks, We got blindsided by a surprise bull run Friday 8/24 which seemed so unlikely I was horrified and amazed all at once. In retrospect, some sort of rally was to be expected off the Thursday low prices, and I hedged my bets in case, but this was quite bullish indeed. In spite of making a new high closing price on Sand P, US 30 did not confirm the high today, closing 98 points below its Tuesday high of 25888. So what it appears we have is a vigorous reactionary countertrend wave 'B' or 'X', better, since this corrective minor wave lacks ABC complexity. We have seen all the usual candles tokening corrections; shooting stars, pin bars, engulfing bears, etc. These signals all indicate index is at or near high. What can we expect? Perhaps a tad higher intraday and another shooting star Monday, then lower again. It is a zigzag within a zigzag inside a larger zigzag. Just another bull trap, I reckon. Good luck! As always, this is not investment advice, it's purely for education and your amusement.
SP:SPXShort
by DaddySawbucks
2
CHF/JPYChfyen looks like it has incomplete WXY upon WXY. Looking for a larger corrective structure for an "X" wave and then possibly another sell down. This smaller structure trend line should complete this small wxy, but that may break out so keep that in mind. It is coming off the 50% fibonacci fib and it seems like it is making a swing pattern to go down more, but if that's the case, then it should be a nice buy first. Could possibly break the 112.00 level before next bigger drop.
Long
by thillygoosth
CHF/JPY-Since I spent so much time on a pair that I hateChf/Jpy has intersecting pitchforks lining up exactly with equal length and the .618 retrace. Now.... Daily TDI looks like it may have upside, my buy from bottom still running in case of the leading diagonal scenario (until I see a reversal pattern). But the 1.236 extension level would probably be a good place to catch a wick off of should price break up, and the pattern does count out to go down when consider it in entirety. Notice the "3" next to the 1.618 extension... That is because if it makes it that high I would just be looking for a flag to continue up. I would think we would get an "X" wave here, so watch this area. It is at a point where you can have large potential sells or buys so keep that in mind. But usually when I have a pattern and intersecting forks, price will wick back in....
by thillygoosth
USD/JPY Monthly/Weekly 7 swing WXY-without indicatorsI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth