BTC OPEN TRIANGLE IDEASame concept for a ABC B wave rally, but with an open triangle/ expanding wedge connector culminating in an impulse to the 886 area..
Correction
XAUUSD LONG TRADE wave analysis
impulse wave
correction
running flat
support and resistance
liquidity
break out
pullback
Possible UPside of the AUD/USDhello traders
we have a break in the structure and an increase in the buyers’ momentum, and the price is declining in a corrective manner. It is possible that we will get another Bullish wave to grab liquidity Before the drop.
Wave Analysis Summaryhello traders
Some traders don't understand my analysis so I prepared this as a summary of what I learned in wave analysis
The 200-week ma on SPX 500 really is working beautifullyDisclaimer:
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UPDATE to BTC BULLISH RALLY IDEA with bearish C in progressThis is an update to the following charts still in play, and playing out actually,
IF we see a strong rejection at 618 retrace of our last impulse down from 22850 to 18150, which is at the 21k area, coincidentally at the 100 daily simple moving average, I'd be looking to this count. We have had two confirmed drives of daily bull divergence on the RSI, and MACD crossing over bullishly on the daily. Stochastic RSI however is at its highs, and so how quickly it comes back down versus price is a key thing to watch for.
Overall concept considers the possibility of an ending diagonal C wave as discussed in the ideas linked above...
Potential Downside to NZDUSDHello Traders
In today's session I sell nzd / usd
Analysis
We have a bearish Impulse wave and we have a correction in the form of a Regular flat pattern and the price has reached the supply levels. There is a violent reaction from the sellers. We are now expected to get a bearish impulse wave that will break the bottom
B wave alternative from 18600-700 to 22K areaThis a bearish B wave alternative, but a bullish short term rally nonetheless..
CAD JPY SHORT TRADE Wave analysis
market structure
price action
order blocks
liquidity
impulse wave
correction
expanded flat
Wait for rejection on EURUSDAfter a very definite downtrend, it's now time for a pullback on EURUSD.
Right now, we don't have any signals to sell yet.
Today, we need to observe and see how it will react between the levels of 0,9850-0,9930.
In moments like this, it is very important to show patience and wait for the right signal to enter a trade.
The downtrend continuation will be confirmed on a breakout of the previous low!
NVDA daily RSI divergence at the end of wave 5 downtrendNVDA daily RSI divergence at the end of wave 5 downtrend. Expect ABC correction or change of trend )))
Intraday Update For SP500 Futures- Although the European stock markets closed with a positive sign on Friday, investors were taking a step back to evaluate the data on inflation in Europe and the US, since they are afraid of a global slowdown in growth and an aggressive tightening of the monetary policy by Central Banks.
The new record from 9.1% inflation in August to 10% inflation in September as the European Statistical data showed is provoking worries for the continuation of the ECB to raise again the interest rate by 75 bp. 10 countries out of the 27 in the Eurozone announced double-digit inflation rates. Dax40 closed for the third consecutive week in a negative sign at -1.38%.
On the other side of the Atlantic, things in the US region are pretty much the same, since personal consumption expenditures – the FED’s ideal measure of inflation – rose 0.3 percent in August from July. Specifically, consumer spending after the drop of 0.2% in July rose 0.4% in August. Consumer expectations for average inflation over the next five years fell slightly from 2.8% to 2.7%. Consumers’ expectations for inflation next year fell to a one-year low of 4.7%, down from 4.8% the previous month.
All those readings force the US officials to tighten the monetary policy for some time to be sure that inflation returns to target. Dow lost 2.9%, the S&P 500 2.9%, and the Nasdaq 2.7% weekly. On a monthly basis, the industrials index fell 8.8%, the broader market index fell 9.3% and the technology index posted double-digit losses at 10.5%.
Looking at the SP500 futures, the market came down perfectly after that rally up in four into 3750 resistance, before price came down from a triangle in red wave (4). Thus, current stabilization is normal and should unfold in 3 legs. Ideally thats now a higher degree wave four with resistance at 3750.
#Elliottwave #spx #spy #ES_F
Is it time to sell EURUSD?EURUSD rejected the sell zone on Friday.
Now, we could see the beginning of the next downside move.
You can wait for a confirmation which will be a breakout of 0,9731.
However, selling right now is not yet confirmed as we can easily see price going above 0,9854.
The direction is still to the downside and we are only looking to sell!
NASDAQ RSI DIVERGENCE, FIBONNACI!!Nasdaq has reached its crucial support. information is spreading about a recession in us markets, but technical like supports, rsi are saying to rise.
although inflation is too high in us, and the markets too have corrected about 35% from its top, it do looks like, markets will not correct further more.
same saying in the fibonnaci indicator. the index is lying in 0.618 zone.
lets see if the stock do gives a gap down, and gives a breakdown, or rise.
although last one statement, that NIFTY IT too have reached its last support and should not fall further(still it is been rising very slowly this days, but its in the same zone, unless us markets will stop falling). therefore i dont think much like there would be a further correction. ofcourse i could go wrong but lets further watch how markets do perform.
DJIA, A comprehensive analysis from 1932 to 2022 ! Whats next?Hi great followers, traders and investors !
Today, We analyzed one of the most important indices in US market. I decided to record a video since I thought that it may be difficult to show what I am thinking in writing. In fact, I wish to transfer my idea better by this video.
In this video, We investigate Worst, Moderate and Best case Scenarios. We analyzed the index from 1932 to 202022 and discussed different possible scenarios. We can never predict the future without looking to the past.
As I told in video, what I currently suppose to be the most likely scenario is the moderate one, but we have to keep in mind that other scenarios even bullish one is possible therefor, we have to be open-minded and be ready for all possibilities.
Good Luck every body.
Stop buying the EURUSD EURUSD completed the upside move to 0,9850 pretty quick.
That means, it's probably best to close all long positions and wait for the right moment to enter again.
We could see a continuation up but buying right now is probably not the best idea.
You should focus on price rejecting the zone.
It could take some time until the market gives us a clear move and that's why you should wait for a further confirmation.
META (1W) - Short term Correction UPwards. Wave B coming ? Heloo Traders and all kinds of Speculators :),
Today i got interested into META ( Facebook) which lost around 65% from its ATH. You can see that chart forms something similar to Falling wedge or Ending diagonal within wave (v) of A.
If so, we could reach a support ideally at 125usd. (or range between 130-110usd).
From where corrective wave UP could begin. With possibility to gain +50 to +75%. Sell zone is between 190-230 USD.
For such move the entire market should enter another bear market rally and a lot of Positive news (Temporarily).
At price around 125USD ... the P/E Ratio will be 10,5 which is very tempting for company like Facebook.
Consider your Risk : Reward ratio. Hopefully no Long-term investor will take this chart too serious for some significant position. (It could be but i think another wave C will come)...
Take care and trade safe. ;)
CHFJPY Short Term Sell IdeaH4 - Bearish convergence.
Currently it looks like a correction is happening.
Until the strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this short term bearish view.
It's time for a pullback on EURUSD EURUSD started a pullback yesterday and we expect it to continue towards the 0,9850 level.
Once the pullback ends, we will focus on short positions again.
Buying right now would be considered aggressive and that's why make sure to use less risk!
(D) XAUUSD GOLD 3-3-5 FLAT CORRECTIONLooks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.
EURUSD H1Hi traders, EURUSD is setting up for a upside move watch correction to form in a lower timeframe and break GOOD LUCK.
CADCHF H1Hi traders, CADCHF is setting up for a breakout of correction watch a sharp breakout and look for long GOOD LUCK.
