Abcde
ORBEX: EURUSD Triangle Wave Hints to Short-Term UpsideEURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower.
The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls!
If successful, the chances of reaching a fresh multiyear low would increase.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
AUDNZD Weekly Hammer close ABOVE 78.6%. BUY!!! 700 pip trade!All 3 wave structures meet criteria of ABCDE wedge, All X waves identical, All Y waves extensions identical. THis is a great 700 pip trade up
Invalidation is a close below the daily trend line of current WX structure (Green label)
AUDNZD LONGText book structure. Sitting on this weekly trend line, looking for bullish momentum up to tag the upper wedge trend line.
AUDUSD has room to increase
NZDUSD has broken a uptrend, and is correct below the trend line for further selling.
The Bias suits this structure.
Please comment if you disagree so I can improve my analysis.
Please comment if you agree
Many thanks and I hope you all have had a great start to 2020
AION volume rising!We could consolidate and break on D rather than go for E, bottom seems in and volume is rising...
ETH next waves?TA: We have retrace to 0.786 previous rally, It looks like a falling wedge, ABCDE corection also looks like its completed.
FA: positive-> Binance offering futures ETH
And mr. Vitalic also appears occasionally in the news, ETH 3.0 also in near future, it may be buy the rumor sell the news, but what do I know...
Bias should be Long or Contrarian to current trend. BTC/USD it may have some affect on the ETH. but also ETH/BTC looks preety bullish for now
LOOKING FOR A SELL IN CHFJPYI will be looking to short CHFJPY.
My confluences;
1. Break-out of consolidation box
2.Retest of break-out box
3.ABCDE Pattern
BTC/USDT first target (e)
if break the lower line : the next target will be ( B )
if break the upper line : the next target will be ( C )
abcde triangle, potential end of correctionBTC:
The price of bitcoin now draws a corrective movement within the iv wave inminute degree . We came to the conclusion that now the asset draws the format of the descending triangle abcde - the triangle of the continuation of the trend and now forms the wave (e). We all know that the price in the triangle goes in triple waves in the form of a zigzag. So wave (e) is also forming a triple. Wave a from wave (e) has a length of $ 233 if you take it from closing the candles, presumably we predicted the end of wave (e) at the lower boundary of the triangle abcde, a triangle with an almost flat bottom (there is still a slight slope of the upward force), and if you measure the price from the wave b to wave c of wave (e) of that triangle, you get the figure of $ 144. And a simple mathematical calculation shows that wave c is exactly 61.8% of wave a. That is, the expected completion of wave (e), which is expected at around 9068.5
You can underestimate the role of Fibonacci numbers and wave counting can also change its' appearance, but still it’s worth taking a closer look at such insignificant points, as it is these nuances that guide the psychology of a stock marketer.
watch this out short term sell and then a big move to comehey fans hope you doin well .......this pair will be giving a good move next year :) so keep an eye on this :) its a good sell now for a short term but in very long term this will be giving us buy
if you can understand this then you are at Pro level GOLD movehey fans here is the next picture for the Gold .understand this
XBT-USD, ABCDE pattern, flat bottom triangleBTC, as we said yesterday, made a false break but did not fixed above 8350 and remained bargained within the triangle. The daily candle closed with a bullish absorption, but confirmation of the second day is still needed. Wave marking remains the same. The price has already approached the lower border of the triangle 3 times, the level is weakening, we think that the price will continue the downward movement
after 4th approach. In case of breaking through the lower border, the target will be the level of 7200. We will consider purchases only after fixing above 8550.
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Bitcoin about to break triangle - 14200$ is nextBtc is in ABCDE correction. We are finishing E and impulse wave should follow soon.
Measured target - 14200$.
Let's sit & wait for that break.
BITSTAMP:BTCUSD
NAS100USD or NASDAQ Pair is creating a sell formation hey fans hope you are doing best this pair is creating a very good formation to sell so check it with your skills and take the trade with a stop loss thanks
AUDCHF with a good price Action Fans take this opportunity hey fans audchf is creating a good sell formation so take this trade with a 85 and 15 ration SL ....Good Luck
The Coin flagThe trend continues in this bullish flag with a another triangle encouraging bearish movement within the flag, awaiting another bounce upwards.
Good luck and follow me for more!
CADCHF is giving us a very Clear formation.Take the Buy Tradehey fans i am long from the Bottom.a very beautiful chance to take the trade and have a alot of pips
Bitcoin ending triangle ABCDE setup. End of B wave wk of 8/26Bitcoin is sporting a classic ending triangle ABCDE to complete its B wave. Watch for a fast move down end of this month / early sept to confirm start of C wave down.
Another scary drop coming up! nasdaq/spx/dow - qqq target 170+-NQ C wave drop is next to around qqq 170+- as we get closer to the end of this long 4th wave correction that started 70 plus weeks ago.
Time for a healthy correction?It didn't seem like the massive sell-off by the algo's at the golden zone I had anticipated but it appears the golden zone which is also the top of the channel, as well as the gann fan 8/1 from Dec 2017, could be in play as resistance to begin the correction & completing Wave D & now down to the .618 & bottom of channel 2 for Wave E (if this count is correct)
Lots of confluencies to support this idea IMO
Keep in mind that fiats appear to be dying in the currency/trade war which could factor in and make any TA irrelevant. NTM, Peter Schiff seems to be showing signs he's evolving lol as the legacy markets are in fear mode & gold is up but not what you'd expect for virtually the same scenario playing out as in 2008-9 crash/correction. Maybe this time the CB's will DIE? Everybody gotta have a dream
NTA
DYOR
Please
USD/JPY TOP DOWN ANALYSISPrice Action (Technical Analysis): Price is flowing in a Descending Parallel Channel, i'm anticipating price to continue in its channel until reaching our Support Zone
around 101.000. If our E Wave is properly set-up, it can give us our next push down completing our Elliot Triangle Waves also being our next Short Idea since we are in a deep downtrend.
Fundamental Analysis: After reviewing all the data presented from last week with Wall Street dumping 3 Major Indexes leading this pair to drop over 200 points. We have to be aware that the Greenback potentially will continue to be depreciated as word goes around the dollar may cute rates again before 2020. The Yen is already projected to come over a previous PMI of 51.9 to 52.3 which tells us the Yen is in for more of a Hawkish Policy.
