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Correction

HEX Is Coming Into Strong SupportCryptocurrency HEX is one of the weakest for the least year, but from Elliott wave perspective, we can see it finishing an A-B-C corrective decline from all-time highs. Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree and you can see, it can be now trading in final stages of wave 5 of C. From technical point of view, we can see it approaching important and strong 0.03 – 0.01 support zone at the former lower degree wave 2 and higher degree wave IV, from where we can expect a bullish reversal. However, keep in mind that bulls can be activated only if we see sharp or impulsive recovery back above 0.10 region. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
H
by ew-forecast
3
LYFT: Uplift due?LYFT Inc Intraday - We look to Buy at 12.19 (stop at 8.59) Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected. Our profit targets will be 22.86 and 29.00 Resistance: 23.00 / 45.00 / 66.00 Support: 12.00 / 6.00 / 3.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:LYFTLong
by VantageMarkets
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously. today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves. therefore this analysis even says that US markets will also recover very soon, and will give its bull run.
NSE:NIFTYLong
by raghavchoudhary2016
2
GBPUSD Correction Phase Expected After The Bearish Impulse MoveGBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong downtrend by simply looking at market structure every time we saw a bit of pullback it didn't last it was followed by a strong bearish move this move is not any exception. Well it can be any corrective move but we can at least expect a zig-zag as its very common. The idea is long term we are still bearish but we can take advantage of short term pullback moves.
Long
by Weshareio
1
USDJPY 1h Correction to the sideway tunnel | +300 Pip TargetUSDJPY Timeframe: 1 hour Short Day Trading Position Take Profit @ 143.633 SL: 144.203 (continue the bullish trend) The pair was in a sideway tunnel for a week, and broke the tunnel up yesterday. But because of the long wick few candles before, it is more likely to go back down for a correction to the last tunnel support that has broke it up recently, which is our target. I would be grateful to get your feedback for this idea if you have any opinion to share ✽ Esteem your Analysis and seek improvements ⌁ ↝✔ @AbdullahTech ♾
Short
by AbdullahTech
6
🎯ATOM - primed for pullback?🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%. Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term. It also tapped into the .782 Fib measured from previous daily swing high in May before the meltdown - this suggests that a pullback will not go too deep too soon towards previous lows. The big RSI bearish divergence already pointed out that we are due for a correction. The FOMC press conference today could provide the catalyst for that pullback. However, there still might be some gas left in this up move, so I don't exclude the possibility to have another leg up before a deeper pullback.🎯 📈The game plan: 1. ATOM needs to break down the 4h 200 EMA support it currently sits on. Wait for candle close confirmation. 2. Scout the ATOMBTC chart - if it goes below previous swing low (68890 satoshi) we have another confirmation. 3. ATOM needs to break down below previous swing low between the two tops (13.225 $). Wait for candle close confirmation. Profit levels are at 12$ and 10.6$, based on Volume Profiles, depending on your risk appetite. The trendlines could provide support on both charts, so be careful to take profits in time. Don't rush into it. Let the news be digested by the market. We need at least 75 pp increase on the federal rate to keep ranging, and 100 pp rate increase to move the markets down. If we keep ranging, I would be more inclined to do this trade on the ATOMBTC pair. This post links back to yesterday's post regarding overvalued altcoins - thought it would help to share a concrete example. 💎Looking forward for your questions below. If this post provided you value, follow for more. 🚨Disclaimer: this post is for educational purposes only, not financial advice. Do your own due diligence.
Short
by opripom