Elliott Wave: 10Y US Notes Is Finishing Five-Wave CycleHello traders!
10 Year US notes made a bigger decline recently, a clear impulse weakness down from start of the year which can be coming into late stages as we see price in wave five, but with room for 130'00. At the same time we see divergence on the Elliott wave oscillator, but with room for slightly more weakness to complete wave 5 cycle with a potential divergence.
Bullish Divergence
$BAKE #BAKE #BAKEBUSD BULL RUN HAS JUST STARTED DO NOT MISS UPBULL RUN HAS JUST STARTED DO NOT MISS UP
US Dollar Index Buy Idea From Key Support ZoneH4 - After the strong bullish move currently it looks like a correction is happening.
Price has reached a key support zone and is currently bouncing higher.
Bullish divergence.
If we get a valid breakout above the most recent downtrend line we may then consider it as a validation for the bullish view.
Gold Buy Idea At The Bottom Of The Daily ChannelD1 - Price is bouncing higher from a key support zone formed by the bottom of the daily channel and the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Multiple false breaks and bullish divergences.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to continue higher further after pullbacks.
EURUSD Intraday Bullish SetupH4 - Price is bouncing higher from a key support zone formed by the 161.8% Fibonacci expansion level of the first wave and the 100% Fibonacci expansion level of the second wave.
Multiple bullish divergence.
Engulfing candle pattern.
Until this key support zone holds I expect short term bullish moves to happen here.
$ACDC Bouncing off supportACDC bouncing off the 100MA, Bullish divergence. Short term targets set up.
Double Bottom Near PCZ of Bullish Gartley and Bullish DivergenceBuying this asset anywhere under 10 cents seems like a bargain to me as i believe we will in the mid-term future see this asset rise back to pre 2019 Bankruptcy levels on the weekly as the company has still been around and selling goods ever since and therefore has great potential for a recovery given that it formerly was the third largest dairy company in the US.
As seen on this weekly chart here we appear to be breaking out of a falling wedge and back testing the neckline of a double bottom looking structure with plenty of bullish divergences to back it up I would surely be buying and holding this asset for the long run:
BTC - H1/M15 - TRADING IN THE ZONE - AT A GLANCEH1 : Ongoing short term recovery in progress.
Watch Fibonacci retracements as resistances levels
Interesting to note that the 61.8% coincides with the H1 clouds
resistance area and above there is the downtrend line resistance
which has not been broken yesterday !
M15 : Short term bullish divergences triggered a recovery.
Similar view than in H1, with clouds area as the first resistance.
Interesting to note that the former support line coincides also roughly
with the 50% Fib retracement
On this very short term time frame, a move above the clouds would be
the first signal of a sustainable short term recovery
Bitcoin Short Term Buy Idea After Bullish Trend PatternH4 - Bullish trend pattern followed by double wave correction.
Price reached the key support zone formed by the 38.2% (54552.08) - 50% (57244.24) Fibonacci retracement zones of the bullish trend pattern and is bouncing higher.
Bullish divergence.
Until this key support zone holds my short term view remains bullish here.
EURNZD Short Term Buy Idea Towards Key Resistance ZoneD1 - Bearish trend pattern completed, bullish divergence.
Currently, it looks like a correction is happening.
Price still has room higher towards the key resistance zone formed by the 38.2% - 50% Fibonacci retracement zones.
H4 - The price which is moving higher has broken above a strong resistance zone.
Currently, there are no signs of a trend change.
Until the strong support zone holds I expect pullbacks and then further continuation to the upside,
Bitcoin Buy Idea After Trend Line BreakoutH4 - Price is bouncing higher from a strong support zone.
Multiple false breaks with bullish divergences.
Bullish convergence, most recent downtrend line breakout.
Until the strong support zone holds my view remains bullish here and I expect the price to continue higher further.
XEM/NEM 1H - Bullish Divergence Signal!This signal was supported with high volume! Reversal chance..