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Abcpattern

BTC BUY OPPURTUNITIES!For those who want to make profits with btc but dont know where to buy because of the correction. I have presented a couple buy opportunities represented as green circles. The first strategy is to buy the breakout for wave b for short term profits, or wait for wave c to finish and set a buy order above the 0.618 fib line. If you are new and dont really have an idea of how to identify the ends of waves, counting the fractals can help. Wave A & C consists of 5 smaller waves down, and wave B consists of 3 smaller waves up. After that it is smooth sailing to the top of the next wave.
BITFINEX:BTCUSDLong
by Woolf_
1
EURCAD bearish potentialABC with huge divergence on the daily (MACD), gives highly potential for price to decline substantially and impulsively. ABC on 1-hour gives an aggressive entry. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise
ETH/BTC - ABC Correction - Look for trend reversal / Long /Charted out an ABC correction in ETH/BTC from the Sep 21 high of .0858 , You can see the Fibonacci levels fit very well into this correction down to Nov 2 bottom of .0379 Fib level of .618 showed signifcant support until it broke October 8th. Fib .5 retracement lines up perfectly in this correction as well. Then finally we see the .236 support level lining up with a price of .050 We are currently above short term resistance level of .0410. If we can break above .043 and hold above for at least one session I would look to initiate a long position. I am going to be watching this one over the course of the next few days.
Long
by lewistz
1
ABC PATTERN IN EURAUD - 4H CHARTHey Traders, Just a re-analysis on this. Still looking for a sell to trade the C wave of this possible ABC pattern. Now it could start the impulse before expected (red). If you want to trade this look for a correction or a flag and sell it to the low at the end of Wave A. - Hola Traders, Simplemente un re-analysis en esto. Sigo buscando una venta para operar la Onda C del posible patrón ABC. Podría arrancar en impulso antes de lo previsto (rojo). Si queréis operar la venta buscad una corrección o una bandera para venderlo hasta el bajo en el final de la Onda A. Carlos
by ccerezo11
8
Gold - Main scenario sees wave B ending between 1,315 and 1,345Gold did indeed continued its correction and reached a low at 1,260 USD on Friday the 6th of October. I hope you followed my advise and went long below 1,265 USD, cause since then a strong recovery is on its way and gold is already back above 1,300 USD. Yet the big questions whether this current up-move is just a wave B type recovery or in deed the beginning of the next big up-leg towards 1,400 USD remains unanswered. Our mechanical Midas Touch Gold Model™ has shifted to a neutral conclusion on October the 9th. Over the last couple of days a few new buy signals showed up. Besides the obvious ones for gold in Indian Rupee & in Chinese Yuan the US-Dollar has come back down enough to create a buy signal for gold six days ago. Especially positive is the fact, that gold in US-Dollar now has a buy signal one the daily, weekly and monthly chart. Overall it therefore doesn’t take too much for a bullish conclusion of our model anymore. But looking at the CoT-Report its clear that the commercial are still holding a massive short-position in the gold futures-market. And you don’t want to bet against them. So besides any short-term recoveries the correction since early September seems not to be over yet. It would be a surprise if the bulls can force the professional players to raise their short positions once again. Coming back to the technical outlook for gold the most likely outcome is that we are currently in wave B that will end somewhere between 1,315 and 1,345 USD. At 1,345 USD there is still an open gap waiting to be filled! The upper Bollinger Band currently sits at 1,316 USD. So we might see a temporary pullback from those levels before gold can find more strength to close the open gap. After that I expect another move down towards at least the rising 200MA currently sitting at 1,255 USD. Only if gold can take out the September highs at 1,357 USD this outlook becomes invalid as it would mean that the correction since early September has already finished at 1,260 USD on October the 6th.
FX_IDC:XAUUSDLong
by MidasTouchConsulting