As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse! See linked chart for the education post regarding impulsive and corrective breaks. Goodluck and Trade Safe!
I posted some bullish setups and irresponsibly I didn't have a BTC drop idea in the mix! Any charts anyone posts with bullish targets are greatly affected by BTC and its swings! I am looking for lower targets for Bitcoin which can or will affect alt coin setups causing fake outs or drops through patterns!
It is crucial to correctly identify the pattern and possible termination point. This Wave fails the test for a Motive Wave; consequently can only be Corrective.
OANDA:GBPJPY This one is sitting around a very strong resistance and a bullish trendline has been formed with more than 3 touches. Moreover, on this one, price is into corrective waves , adding more confirmation into a short position. Waiting for our trigger to sell this one. GET READY SHOOTERS ! Trade Safe ! If you like the idea, support us with a...
ADA correcting 20% the retracing to the 0.786 fib retracement. My guess is lower from here. The broader market is correcting right now so alts will most likely follow suite.
Fairly self explanatory this time, read more from previous ideas on gold if not clear. Wait for a good resumption up with hopefully bullish candlesticks, as the bottom of this isn't super clear. It could be a Bull Flag pattern too so that is a possible target for the bottom and also gives us an upside target for a swing trade if it plays out.
Genedrive previous setup broke down from what it looked like a Y wave triangle, one of those lessons with triangles - it looks like a triangle, smells like a triangle, but it will probably end up being a flat or zig-zag. I think there are more legs in this move due to the volume, and volume means continuation towards that trend, whatever trend it is. I have a few...
RLCUSDT is finished 3th wave and the 4th wave will start very soon!
adausdt is finished 4th wave and the 5th wave will start very soon!
Lower low on H4 interval and sell signal on D1. In my opinion, the correction will reach the level of 10500. There, people who have not made a purchase will have the opportunity to buy more and we will all fly to the moon together
Sorry I didn't post this earlier, but I see more upside on Ucad and the DXY. The US is starting to reopen and the wave pattern on DXY tells me that it needs to spike if it is going down more. I'm long Ucad, short EURUSD, long UsdZar. I suggest you at least watch the beginning of this video..... The Truth About Trading, Prepare To Be Enlightened: Banks, Wave...
I am looking for another entry on this pair. It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled. Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move. Right now I am looking at an entry around 131.6 and 1311.99. I will be looking to sell to 129.5 to 129.9.
EUR/JPY has been riding some corrective waves recently on its way to the outer boundaries of higher timeframe structure. I decided to take a short term buy in order to ride the shorter term move in preparation for bigger things. Some confluence for me is as follows: - corrective structure in the form of an ascending channel, interacting with higher timeframe...
We are currently in the corrective phase Price is completing Wave A Wave A will be either the leading triangle or a 5 wave (impulse) I see up trend for this chart
#Bitcoin_Update #Possible_Scenario_01 This is not a confirmed signaling prediction but it is just an idea given based on the trend and price action Bitcoin is showing. We are seeing a huge correction on Bitcoin by the last 24 hours and it is showing one of the Flat corrective wave specifically an 'Irregular/Expanded" correctional wave creation. Some Points On...
Corrective wave C We need higher high (>12000) to invalidate Thoughts are welcome. I'm learning, not financial advice. Greetings and good luck to everyone.
One count of the current price action is shown above. For this scenario, I expect it to hit that box before starting the C to sub-7k. A caveat to this is that some exchanges are two legs behind in the pattern, meaning that on those particular exchanges (such as Bitfinex) there are no trendlines to define any single triangle. Worst case is a run to 8.7k before...
Will be on the lookout for shorts on USDCAD. Get ready for the next wave down. Just ignore if price continues to correct higher. Price could continue to correct for much longer, but so long as it does that will not change the overall bearish outlook. Trade with care my friends :)