B-wave
CTSI power wave incomingAll across the crypto space, we have been grappling with an EWT wave 4 consolidation since the summer time. It has provided fantastic entries for those late to the game. I am of a firm belief that this window is now shut, and the final W5 to finish this cycle is beginning.
If I were taking a guess at the ST trade, I think we mirror the last 15 day cycle based on daily RSI, and spike out today and tomorrow. the last spike, to me, represented the W1-W2 signal that consolidation was over. This is the beginning W3 impulse of the 5-wave move upward.
W3 is the most powerful wave, as the disbelief of W2 has been shaken and now is time for broad participation.
What is super encouraging to me is the fact that the broad market selloff did relatively no damage to this chart.
Volatility is expected with some spike trading opps for sure, but it should be a really solid hold from here into Q2 2022.
Good luck!
(my personal trading with this was to sell 50% on the last spike, and reposition at the 1.00 psychological level. I re-employed the profits at 0.97 and will not sell again unless the spikes are obviously going to retrace. Retracement will become less likely with added participation)
US30 SHORT IDEA #COMPLETED ONE WAVE.As I Mentioned in my previous idea of US30. Dow Jones Reached to the safe close level and reversed back and might fall again after getting resistance from the drawn level. It might goes till 4th wave and may reverse back and make ABC pattern of Elliot wave. after making B, I will post idea here for trade, till C point
USD/CAD - EWTUSD/CAD - Price may enter a correction soon. Waiting for confirmation to see if Wave 5 actually ended or if it will extend more.
If the price starts to retrace more, then it can touch the areas marked on the chart, otherwise, it can still continue on the upside for a short while.
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Happy trading! :)
US30 SHORTUS30 Short Trade and Safe close Is discussed in this image. this is just an idea you can also make your own analysis.
AUDUSD may be done with its first bearish impulse Hi trader,
please see above my current idea on AUDUSD for a good long swing opportunity.
My idea is based on my Elliot Wave knowledge and the fact that we are seeing here an ending diagonal, which would now lead to a 50-61.8% retrace for wave 2.
For further informations see below.
RT
EURAUD Starts selling-off Its In Wave 3 PhaseEURAUD seems to be in a wave 3 phase less price will continue to the downside. Wave 3 is normally a wave that extends the most with very fast price action. One way to measure wave 3 is by the use of the Fibonacci extension tool, we will wave 3 starts to unfold soon. We are currently in wave (5) of a higher timeframe hopefully price will move down soon it will be very interesting to watch. How I like to look at wave 3 is by referring to wave 1 price if wave 1 was slow and choppy then that means the wave after wave 2 is wave 3.
CROUSD Bullish Impulse or Corrective Extension....BITTREX:CROUSD
It appears the correction is over for CRO, it wants to fly!
If we are in a bullish impulse then we may see targets such as the 1.618% Extension or much higher, possibly up to 3.618% or higher if the market allows. But let's not get ahead of anything.
Should the move prove only corrective in nature then we can presume lower targets such as the .618% up to 1.236% Extensions.
Picture Perfect Cup And Handle?Given that the market structure has been pretty weak lately, if we print another rounded top on our way up to hit the cup and handle targets, ill probably scale almost 100% out of the markets.
We've been banging against overhead resistance in the middle of this channel for some time now and i would expect a pretty substantial drop after this next leg up.
Obviously nobody knows where the next top will be but i'm aiming at 80-90K, it may break up it may break down, keep your eyes on the charts and trade accordingly.
Its good to note that as we near, what i am looking at as getting close to, the end of the cycle remember to pull profits frens.
You haven't made any money until your profits are actualized.
And as always,
Good Luck And Safe Trading.
EURAUDIs in wave c. It corrects slightly downwards to complete wave 2 of wave c, and in total it will grow upwards in a wave of five waves in the form of wave c. Wave 4 will be completed in the higher time frame and then Wave 5 will start moving downwards as you can see in the figure.
In the coming weeks, I will update the Wave 4 price target in another post.
The entry range is specified on the chart.