BTC FlatBtc seems to be finishing a Flat here. Should see a bounce back to $50k rang in the coming weeks
Abcpattern
USDJPY - Daily C wave (short) is upun us!Hello dear traders.
For upcoming week, i believe that we are gonna see some shorts on USDJPY According to ElliotWave theory.
If you look at the Daily chart, you will understand that we are in at the end of the B of an ABC correction. Potentially we are at the start of a short move, C wave, which gonna last for 1 or 2 weeks. with no more talking I am gonna explain a trade setup that enable us to go short with minimum capital exposure.
1- Pattern:
1.1: Daily pattern (you can check my previous analysis on USDJPY in the idea section of my profile)
ABCDE correction that started since 21 April and lasted until 17 jun, has been ended and confirmed with a powerful bearish candle in Daily timeframe chart.
1.2: 30 min pattern
we can see in 30 Minute Time Frame, that downward waves are shaping according to motive waves structures. This can be a great reversal sign for us to jump on a short trade that may last for 1 or 2 weeks.
After 12345 (motive) we should face a correction phase that not gonna last for too long. A and B of this correction has been shaped already, so all we have to do is that to wait until the C is over.
Note: the correction may be a zigzag, since B of the 30 min TF has only retraced for 0.618 of the A wave.
2- Price:
I have set a price PRZ for 30 min TF, that includes:
downward motive wave Ret: 0.786
Projection of A on point B: 1.00
B extension: 1.414
I have highlighted the area with a red rectangle on the chart.
3- Time analysis:
In Daily time frame, we are at a powerful time PRZ that includes:
Time Retracement: last weekly movtive wave : 2.00
time retracement: 0-a of abcde (B of ABC): 7.00
time retracement: a-b of abcde (B of ABC): 2.00
time retracement: b-c of abcde (B of ABC): 2.618
we are right in the zone right now, so this is a huge point for our POTENTIAL reversal to happen!
4- Invalidation:
If the price goes beyond 110.824, the setup on 30 min time frame will be invalidated and we should not open any short trades afterward based on this analysis.
5- Confirmation:
We must see reversal signs (candle stick patterns, etc.) on our reversal zone for C, and then price must goes lower than B of ABC, then we can confirm our setup and open our short trades.
6- Stop loss: will be 5-10 pips above start of the 1-2-3-4-5 motive (110.824).
7- Take profits:
Will be updated if our setup begins. but profit will be good since we may go short for 7 to 14 days.
I will answer your question my dears, if have any please go on and ask in comment section.
Also thanks for the time you have put to read my setup.
best of luck,
$BA - Bearish Head and Shouldersday time frame - $BA is forming the right shoulder of the H&S.
Surpassed old resistance level
labeled bearish confirmation
$240p for 7/16 is a money maker for sure.
Best of luck
NIFTY CLIMAX RALLY TO 16000With all odds absorbed NIFTY will make its landmark figure 16000 on 10/06/21
It is a simple ABC correction with C=1.62*A
nifty will hold this level for day long so ,the TRADE PLAN is
take LONG today (09/06/21)for profiting long calls.
take SHORT tomorrow after 3.15 pm(10/06/21)and keep it for 3 days for 15450 levels
EURUSD - Elliott wave – monitoring wave (ii) evolution prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in an impulsive mode
ALT: continuation of wave (ii) either in a simple or complex correction
critical price area
previus daily close 1.2077
PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786)
static S/R 1.2106 key – 1.2153 critical
volatility D 1.2058-1.2156
BItcoinand know the correction wave is completely clear.
the price is near to one of wave four cluster.
according to my last bitcoin analysis i am waiting for bitcoin in a price cluster 44000-41000$ or if the correction become deeper I'm waiting for 35000$ or over 31000$.
you can see my ex analysis about bitcoin and bitcoin price targets in my profile.
USDJPY IS STILL BEARISHUSDJPY after a 5 waves cycle is making a correction. It can be an ABC PATTERN. The possible targets has been marked on the chart.
ARKK ShortARKK Short
ABC Pattern
SMA50 as resistance
OBV<OBV34
W%R Above 50 -- not good in this trade
Entry 123.7
Stop 133
Target 80
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
🔹 Watching $MSFT Setup Setting up nicely, right here for a potential put swing position. RSI way overbought & looking at a ABC correction right here.
HLX LongWeekly chart
Bottom ABC pattern
SMA20/40 as support
Double bottom + revisit neckline
The estimated Waves are price only, not accurate time.
Entry 5
Stop 3
Target 12
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
XSPA LongBottom ABC Pattern
In Wedge Pattern
Max Volume Profile at 2.00
Entry 1.7
Stop 1.00
Target 7
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Theta hit and cleared $12.00. What is next?Well yes. I bought more a little under 12$.
Price action shows developing support after the recent surge.
Wave C is still a possibility for the pattern to complete.
With a symmetrical triangle forming, an ABC correction wave is not necessary.
Limit orders are set from 12$ to 10$.
Let's stack them.
BTCUSD Long - Wave AnalysisPrice showing ABC correction after initial 5 part bullish wave and rising wedge pattern.
Expecting price to retrace into the golden zone (62% retracement level on 1D timeframe) and touch the 50 EMA for additional confluence at $50,000 institutional figure by next week.
I will go long at $50k and hold until the end of the year.
Nifty - Elliott wave analysis - ABC of Y wave correction B wave correction is on in ABC of Y wave sequence. The impulse cycle finished at last high and WXY complex correction is in progress. Sell near 15100 with stop loss above 15335. The target level is below 14300.
BTC Don't Get Tricked Thinking That Correction Is OverIn the last two days we saw BTC and other cryptos rise up in price. If you are new in this space, some of you are probably thinking that btc is done with correction and it's going up. While this is not totally out of the question, as it could still surprise us with setting new highs. I've been in this space for almost 4 years now and would be VERY surprised if price would indicate that a correction is done.
Anyway, everything points out that we are doing an ABC correction, where we've just finished a B wave, almost touching a 3.0 fib extension level ($53023) and are most likely going for another scary leg down which should take us a little deeper than A wave. Be prepared for very negative news, whatever will be sad, don't lose sight of a bigger picture.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
BITSTAMP:BTCUSD
XRP Don't Miss Last Ultra Cheap PricesBITSTAMP:XRPUSD
We are once again approaching to a 0.5 fib. retracement level ($0.54), extended between this months high and low. It is very likely that we may climb a little higher just to poke a 0.618 fib retr. level ($0.60) a few times and then go down to finally complete an ABC correction.
What i am trying to say is that, while those last dumps may look very scary, don't be. Instead, be greedy when others are fearful, and try to look at them as a very last great buying opportunity. I've highlited those areas (Yellow and green) where prices could reach in a short term and then reverse. Reaching to a green area is very unlikely but it may just go that far.
That is not to say that we may climp and go for a complete blow of top, that is why a peronaly would not short any xrp as it may just explode and not go for an abc correction.
Gail - Elliott wave analysis - ABC correctionIt was finished the impulse cycle up and correcting down. There are two possible set up as either zigzag or flat, So wait for wave A pattern confirmation and short sell in B wave bounce for capture the next C wave down.
EURUSD started a downtrendAfter completing ABC pattern, EURUSD has started a new impulsive wave. So it will have a new downtrend.
It seems great to setup a short position.
GBPUSD started a new trendGBPUSD had completed the ABC correction. Then it started a new uptrend. We can see possible targets based on fibonacci levels in the chart.
EURUSD is getting ready for a BEARISH trendBased on the chart EURUSD (4H) has made an impulsive down trend. Then I except it to make an ABC corrective pattern. It's early to say corrective trend is done, but we can wait it to finish.
After that we can setup a short position.
USDCHF5th wave has been completed. Now it is likely making a corrective ABC pattern. The end of correction can be a great opportunity for LONG position.
