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Correction

EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low. Once we break below 0,9900 we should see 0,9800 next! Stops should be above 1,0090 in case of price rejecting the mentioned levels.
by ForexTrendline
5
Last stand for BTC BullsThere is a lack of a clear impulsive structure to the upside which makes it difficult to clearly say whether or not the price action is bullish or bearish . This is the only real bullish count that would pave the way for new all time highs. If we assume that ~17,500 was the bottom then we are looking at an impulse in minor 1 a complex correction in minor 2 and a three of three extension in wave ((i)) of 3. The price rejected at 24,666 which is the 1.618 of W in the bearish count so in order to consider this current move a wave 3 we would need to see that pivot get cleared. Price below 20,670 will invalidate the bullish impulse since wave (ii) will have retraced >100% of wave (i). It's important to note that the volumes are very low for a wave 3 which casts doubt on the bullish count.
COINBASE:BTCUSD
by HelioHelix
SNOW: The sun looks to melt this awaySnowflake Short Term - We look to Sell at 193.62 (stop at 220.84) This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Our profit targets will be 132.14 and 120.00 Resistance: 194.00 / 240.00 / 320 Support: 130.00 / 110.00 / 80.00 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.
NYSE:SNOWShort
by VantageMarkets
2
SP500 In A Corrective Phase Ahead Of Jackson Hole Good morning all. The markets are slow with stocks stabilized a bit ahead of the Jackson Hole event. The USD bulls also slowed down for a pullback, but technically and fundamentally we do not expect any changes till we get full details and reports from Jackson hole, which will be during the weekend. However, there is still Prelim US GDP and US Cor PCE releases before the Jackon Hole is finished, so this is something that can impact the markets as well since we know that officials are tracking the data very closely. From an Elliott wave perspective, we see USD in an uptrend, with room for more gains while SP500 can see a deeper pullback into wave 4 to complete an A-B-C structure. Overlap with 3952 will be bearish.
CME_MINI:ES1!
by ew-forecast
1