Cluster
(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
open.spotify.com
USDCAD - Weekly Forecast!Hello Traders!
The weekly forecasts prepared at the personal request of the Trader - AdeOluseun!
Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth of USDCAD. But if the price decline to the Last Friday's support 1.43628, you can (with the little money) carefully buy with the hedging target 1.45014.
We thank you for the positive feedback of our market analysis!
Best refards, Powerful Traders.
S&P500 - MONTHLY FORECASTHello Traders!
The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us!
Sincerely yours, Powerful Traders.
6S (USDCHF mirror) - JANUARY INTRADAY FORECAST!Hello Traders!
Happy New Year!
We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume , Fibonacci.
Suppose that this week (close to wednesday), the price gradually rises to strong resistance 1.00180, next we will see the creation process of cumulative delta and then expected bearish impulse! All the important prices you can see on a chart. (please pay your attention to the double variations of EWA/EWP)
We wish you all the best in New Year!
Sincerely your's Powerful Traders!
6E (eurusd) - JANUARY INTRADAY FORECAST!Hello!
Happy New Year!
We would like to present, intraday forecast - 6E (eurusd) on january 2016y.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci.
Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected bulish impulse! All the important prices you can see on a chart. (please pay your attention to the three variations of EWA/EWP)
We wish you all the best in New Year!
Sincerely your's Powerful Traders!
S&P500 GLOBAL FORECAST!Hello Traders!
Suggest you, take a look at the index S&P500, starting from 4 march 1957 year to current day, in terms of the Elliotte Waves, Market Profile, Volume, Cluster&Delta analysis! We hope that our modest work, will help many traders in the World to find the way of truth in future market prices! (We are sure, that you can predict better, than this one)
Have a Nice Trades & Happy New Year!
Best regards, Powerful Traders!
GBPUSD (6B) - Intraday ForecastHello, Dear Traders!
There is a difficult situation! Despite the apparent formation, of prospective "Leading Diagonal Triangle", the situation remains uncertain and significant. At the moment the situation dominates the higher timeframes. We say very carefully, that the Wave theory, fundamental analysis, according to the Volume, Delta&Cluster, says descending tendetsii in any case, until a significant core of Buyers.
Merry Cristmas&Happy New Year!
We wIsh you, all the Best! ;)
Sincerely yours, Powerful Traders!
EURGBP - Structure and Fibonacci Cluster indicating a move downBased on structure we can see a down trend in this pair as we are creating Lower Highs and Lower Lows
We are now at the point where the previous high is tested. Also at this level we have a nice fibonacci cluster of the last 3 moves down. All of this for me points in the direction that the pair will move down.
Entry : 0.7165
SL : > 0.7200
Target : 0.7060
Potential risk : +- 35-40 pips
Potential profit : +- 100 pips
Reward-Risk : > 2.5
DIA - Fibo Cluster Level Overhead @175-176 BandLooking for potential retracement high to Short the indices, with my main focus on DIA currently.
DIA staged a nice ABC-wave rally recovering from major pivot low of 150.5.
Currently looking ripe for a continuation of the underlying major correction from 183-150.
The 175-176 region is ultra significant, comprising of:
(i) previously surrendered H&S neckline,
(ii) 76.4% fibo retracement line for the 183-150 plunge, & also
(iii) the 127.2% extension level of earlier rise from 155-167.
Similar setups can be found on the other 2 indices - SPY & QQQ.
Will update on SPY over the weekend. :)
Longing EURJPY at fibonacci cluster confluenceEverything is on the chart guys. Fibonacci cluster consisting of 2 retracements (.382 and .50) plus the 100 extension from the previous price retracement. All of this lines up perfectly with previous support/resistance + that we're in a bullish trend.
Good luck everyone and hold your thumbs!
AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
OCR bear in a bull marketOCR appeared on my bullish breakout list yesterday and overall it looks like a good buy opportunity.
Since July price had been experiencing a prolonged pullback. It was not too deep (pulling back to just below the 200dma and 2005 high of $62.50 - yet finding support at $60) but 5 months is quite a long time for a pullback. The stock broke through the resistance on 5th November, retested it and then yesterday (11th November) broke up again on higher volume.
While OCR is overall a buy yesterday's bar was very bearish - closing at almost the base of the bar and below $70. So we should now wait for a break above yesterday's bar before considering a bullish position on this stock.