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GOLD (XAUUSD) - NEW SWING IDEAAfter we reached the target at 1740 and 1720 (1740 - 1680 area ) from my previus idea (attached here), I would say that a beautiful wave 4 made of an inside ABCDE ( 3 3 3 3 3 waves) strucure might be in competition (or already completed), in that mentioned area. But looking at the formation of this last leg down I would say that this could looks also as a wave 3 (wave 3, YES!! :D ), so I'm starting to play around this new exciting big idea and i drawed the extensions and retracements aaaaand... here is the idea: a formation of 3 3 5 waves in wich we are into the wave 3!!!!! This wouldnt have any impact in the bull count of the gigantic wave 4 before the last up move, so would be completely possibile in a bull scenario. Enjoy!
OANDA:XAUUSDShort
by fra978
6
XRP ABC Correction May NOT HappenBITSTAMP:XRPUSD Till now i have been expecting an ABC correction to happen with XRP. That would also be the time when BTC has a major correction. The first sign that an ABC correction may not happen for XRP is that we had a daily candle close above 0.618 fib level on a shorter time frame (last dump). Price did correct a bit today but is climbing up again. Second sign is the BTC price. Before a correction with BTC will happen, it still could most likely move up a bit ($52000-55k) before bigger pullback which would ultimately effect XRP price, it is just that the XRP price could by then be in a $2 area respectively. I could b completely wrong about that, as the price could go down any time, as BTC decides to do a correction. I am not a financial advisor so don't buy anything that a say. Have a nice bullish day everyone. BYBIT:XRPUSD
BITSTAMP:XRPUSD
by CR35
4
Bitcoin - another rally ahead of us?In our previous analysis, we have mentioned that bitcoin may have ended the ABC simple correction. We assumed that because of the shape of the ABC pattern and the larger volume at the end of wave C. Currently, the market got a boost from Elon Musk, who changes his bio on Twitter, putting in the bio just #bitcoin. It led to a huge spike with over 4000 USD appreciation. As a consequence, the trendline has been broken and the market has tested its first potential target at 37857 USD. However, if the moment will be continued and the top of wave B is broken, the market may move to the ATH and could try to make another rally to 45000 or 50000 USD. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
COINBASE:BTCUSD
by Daniel_Kostecki
1
We're ready to launch EUR/CAD is in the last corrective wave before the continuation of the trend. We are expecting the market to provide to us a last impulsion to the upside. From a COT perspective the smart money added more long than short on EUR which aligns perfectly with our vision and give us more probability for a successful trade. I hope you enjoyed this analysis , Like and share if you did. If you have a different vision please leave a comment below. Thank you and have an amazing trading week. Trade safe !!!
Long
by TheDayzen
1
Adbri - Ascending Triangle - Approx 17% upsideNot my fav set up here but looks a fairly high probabilty trade. Technicals - Ascending triangle formation, entry on triangle break with bullish candle confirmation. Fundamentals - materials sector is expected to get plenty of activity from various government stimuli, plus, low interest rates environment is beneficial. Additionally, the market expected a much weaker outcome as a result of the coronavirus pandemic, and as a result a further bounce in share price is a decent probabilty.
ALong
by rutt
Bull or bear?Hi there, I obviously messed up something in my previous counts, I'll all check it one more time tomorrow though everything was going surprisingly well till say, today. Did we reach the end of today's retracement? Perhaps. We'd have retraced a clean 50% of a cycle begun on January 4 and would be now in a new impulsive trend which wave 1 is done and wave 2 being done: it reached 38.2% so far and may well go a bit lower until 50% ($37,060) or 61.8% ($36,600). If we got once more under $35,100 I would move my A and B wave to respectively today's bottom and what I'm so far calling wave 1 at 39k, and C objectives would have to be either 100% ($32,760) or 161.8% ($28,900), which would happen to correlate with much bigger light blue wave IV's targets around 38.2% retracement. Let's see what BTC says, it's pretty stimulating to see what interesting trade opportunities are coming to light.
by Khosravani
CABLE (GBPUSD): WAVE (C) in play - daily chartI think that we are in a corrective ABC structure inside a wave (C) in the daily chart. According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also. So if this count is correct we may have 3 different potential targets for the completition of this (C): 1) 1.374xx in case of a regular flat 3-3-5 ABC 2) 1.43 in case of an expanded flat 3-3-5 ABC 3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile) Lets see what will happens!
Long
by fra978