XAUUSD was moving in corrective wave for almost 2 years. Last bullish move coincided with an increase in volume. Soon will touch first support at 1680 and could bounce upwards from this level. Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation. Because more hike on...
Binance Coin break out this simetric triangle and formed a possible nice correction to short BNB toward $424 USD. Maybe, it's a good idea to short cryptocurrencies. I hope this scenario in Daily timeframe. as you look, we closed up with a bearish candlestick, this it's a clear correction in this cryptocurrency and investor want to leading BNB down to find up...
Guys, once again Bitcoin has given everybody the slip. The upwards momentum last evening at the open was not sustained and price proceeded to make a double flat pattern which I have labeled yet again (w)(x)(y). Current price action appears to be making another form of 3 wave pattern to the down side and possibly creating one of the two possible harmonic patterns...
The chart is self-explanatory. Previous "Bear Market" for this stock was -61% ---> this is considered normal, for such a growth stock (Go check historical corrections of AAPL, and see that regardless of large percent corrections, the stock did new highs). If the price will go to $26 we would expect the price to hold that level and try to test for the high. As...
Hey everyone A look at the S&P 500 that is currently trading is a bear flag looking for a break below of the structure, the index rallied up with the bull and was bound to correct this move to complete that big gartley pattern so previous swing lows will be our targets and guided by the fibonacci levels a break above of structure will change the whole trading...
Here a chart of S&P500 from late 1993 to late 2018 on a monthly chart as indicators for major pullbacks. MACD has fastest response, CCI next, DPO also good but laggard for people still holding.
We thought the downdraft in October marked "ABC" on chart was the correction. But... We got another pivot at the .62 Fibo, where B turned, now X turned again. Looks like we got a larger WXY wave. ABC was the W that formed first bottom. If this pattern completes, expect -33 on the ABC leg to approximate the X-Y leg. This would put Sand P down around 252. For...
I believe, It's in last leg of correction.
Despite some announcements coming, it looks like XVG is forming a downward channel and is following the correction from Elliott wave. I would wait and see if it will break this new channel upward before we can assume bullish trend again. "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during...
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...
The corrective wave is completed and I am looking for buy setup