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Corrections

Russel Future (RTY). Freefall?I everybody. It been a while since I posted and 2 reasons for this. First, my new position has me running around like sheep, and 2 I haven't trade to much lately. But Boy oh Boy when I have taken trade they have worked out big for me. You see my last oil trade and how much I made on selling it. Well after I exit I rode it hard on the way back up and exit at 73.50. I took two contracts on this one. Now I am in RTY trade and I rode it hard from 2160 to near top. I then enter again where you see on this chart near the top and hoping for drop down to grey rectangle. I will exit there. if price fall through grey rectangle then I will take sell and watchout here because RTY could fall freefall down into nothing. not much of analysis right now, more description of what I have been up to and so you guys don't forget about me. Happy trading! Ms Bunny Always like it when you like me and support me. More posts to come.
CME_MINI:RTY1!Short
by UnknownUnicorn11430563
7
GOLD (XAUUSD) - EW possibile countsThis is the last projection of the possibilities that i can see right now. I drawed 2 different paths that are depending on what the first big move down (from 1916 to 1764) was: 1 > The blu path: would be the C inside the wave 2, if the big move down was a wave 1 and counting it as 12345. In that case we should see a sharp straight move up from 1782 / 76 area to 1870 - 1900 area (that would be also a formation of an harmonic BAT pattern). In that case the consequent downward movement would be really cool and deep (like 1200 area). 2 > The black path: would be a wave B (considering the previous big downward leg as wave 3,3,5 wave A). That wave B could be composed of a mid term raging moves (ABCDE) before the next C down. In this second case the consequent downward movement would be around 1620 - 1560 area. However, considering the inner counts i would say that the second possibility is more probable than the first, but lets see what will happens. In every cases i still think that upwards moves are corrective and anticipate e new fall down cause we havent bottomed yet.
OANDA:XAUUSD
by fra978
Correction on the wayHi Everyone, Following up bullish run and recent events I believe it is time for a BTCUSD correction. Why? Technical analysis: 50 000 is a resistance on weekly chart found with fork tool We have Bearish divergence forming on a daily chart Fundamentals? Crypto is still not functional and all the trades are based off speculations. Yes technology is great and is what we need, but we have seen what COVID has done to businesses, and how governments locked populations in matter of days. The need for control is the opposite of blockchain and what it brings - How is it that GOV's are not involved, not banning, nor investing? I am looking to see some bad news soon. Tesla's 1,5 billion news is nothing comparing to the FUTURES news that was in Dec. 2018 before the market went big time bearish. We need a proper momentum to break 49-50k level, which I don't see coming, why? If we break the 50k then we are going for 100-120k which is another 1,5 Trillion dollars in the market. I don't see how this money will be met as all the people who wanted to invest are already in the market. Some experts say Elon's move showed companies may enter the market, but even if they want to - will find 49-50k being high and will wait for correction to happen. I am puzzled by the fact that people believe this bullish runs don't have an end. Tesla company is estimated to be worth like the whole crypto market cap, Elon got in with 1,5 billion. To get the momentum and aim for 120 000 dollars we need more than 1,5 trillions- 1, 500 billions of dollars in. Let me know in the comments how is the market going to meet these digits any soon!;) I'd really like to hear your thoughts
BITSTAMP:BTCUSDShort
by AntonioFucek
2
Bears All Over EURAUD! Hello traders, EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has also found a low in June, so recent recovery can belong to a correction within a trend (wave B/II). We are observing an A, B, C move, which can face resistance at the 1.677/1.745 level, or if price makes a deeper correction at the Fib. ratio of 50.0 or 61.8 (1.79/1.83 level). Trade well, the EW-forecast team
by ew-forecast
6
Is wave 4 over yet?First time publishing! Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on. My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top. Observations: Daily RSI still has room to drop Daily MACD crossed over and the histogram is building to the red Wave 4 appears to be in "B" wave of ABC correction at the moment Welcoming any feedback on these thoughts. Not trading or financial advice.
COINBASE:LTCUSD
by hashmeer169
5
Keeping it simpleThe EUR/USD is at big time support level dating back to 2015 on the weekly. It has also been trending down for quite some time on the daily... If the weekly support, and the low pin bar is broken, I might play this down for a month or so. Fundamentally, if the US sinks into a correction there will be USD pain. This might create a fake breakout to the downside for the EUR/USD below the weekly support. On the flip side to USD pain if a correction happens, the USA seems to be the safest and best bet right now for investors: Europe has their own issues, Germany negative interest, China contracting big time, etc. etc... my point - maybe the USD will stay strong relative to other currencies, even in a correction/recession. Might be a bad place for the USA economy, but apples to apples, would it still be better than other countries in terms of investing? If this happens, then the EUR/USD will obviously slide further. I'm not going to place any long trades on this pair quite yet, but I am going to keep a close eye.
by Bankuur