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Crab

NMDC EW Wave Counts, Wave 4 Play with Crab Pattern confirmedStudying the EW wave with Harmonic and finding out high probable zones from from which swing high and swing low forms up has been a passion for me. I think EW wave analysis with Harmonic M and W structure provides low risk and high probability setups. One of the advantage of this analysis is to have minimum risk as these are all leading indications of the price structure. Coming back to NMDC See how nicely EW Wave patterns are formed in Weekly Look at Wave 2 retracements as 0.618 of Wave 1. Look at Wave 3 Target as precisely 2.618 of Wave 1. And in EW wave analysis, we don't not want to find a top or bottom, we want to find highly probable zones for target. So if you have bought when Wave 1 top is broken and Wave 3 is confirmed, you can then watch the reaction around 1.618 Fib extension, 2.618, 3.618 and 4.236 and so on as possible wave 3 targets. And along with that you simple determine major level which if broken, confirmed that Wave 3 is formed. But look how nicely, Wave 3 went up to 2.618 times of Wave 1. Also see how harmonic W structure forming Crab patterns in weekly time frame started giving high probability reversal zones. Again, in order to identify such setups, you need to do a lot of practice and train your eyes to see the possible pattern combinations. Pl read EW analysis Boon a classic ref on EW Analysis (1) Visual Guide to EW wave analysis by Bloomberg press by Wayne Jeffrey (2) Classic Ref on EW Wave is Elliott wave Principle : Key to Market Behavior by Frost and Prechter And on Harmonics, Pl log in to harmonic trade website harmonictrader.com register yourself as free membership, download all the three volumes by Scott and read them, Especially Volume 3 where he talks about combining RSI structure with Patterns and see the reaction and reversals. Also when, people says about boring theories, I disagree, they are not boring, Author of the book studied the market in depth and derived those patterns and price behaviors based on the extensive study and research on the topic.
NSE:NMDCShort
by Kru-KB
MISSION ALERT:TELL BITCOIN PUT THE MONEY IN THE BAG💰🏧Im not giving out any financial advice in this video, I am posting to track my progress and to make sure any new traders could scroll past my post and learn something new instead of being told to buy signals or follow another persons trades without actually understanding whats going on for themselves.I used to struggle as a new trader and never had any real idea of what was going on,so here you go. Banks are clearly the biggest manipulators of the market so i believe it is best to swim with the whales rather than get eaten by a shark(a.k.a. Elon Musk)😂 The concepts i trade with work in all markets and on every time frame, my only job is to be patient and the objective is to take profit!Like and comment if you agree with my post, Give me feedback so i can create better content for you guys!
BITSTAMP:BTCUSD
by GMthepipgod
1
Bank of America BAC Bearish CrabBank of America (BAC)... this company is found in Warren Buffet's Portfolio and once it becomes a bargin price it will be found in mine too. I follow the advice layed out by The Oracle of Omaha. The company financials are very weak from a value investors point of view. The total revenue has been flat line at best for the past decade and when your operating income eats up 74% of your total revenue thats a problem. I always try to remember the law of depreciating return which is "you get back less than you put in." Warren Buffet always says "its easier to take 100,000 to a million than to take a billion to 100 billion. I mean the company is absoultly massive with 2 Trillion dollars in assets?!?! So, I guess the Value invstor needs to look at other things when considering Bank of America. I dont forget that major banks created these mortgage bonds back in 2008 that imploded when the real estate market crashed, so i have to dig deeper into where the assets are coming from. However their EPS has been growing at a decent rate over the past decade so thats also a plus. Their total ratio (becasue they do not report current assets and curret liabilities) is a 1.14 which if using a a current ratio thats real good (not exceptional but better than just plain "good") They are currently undervalued by the Ben Graham Formula (revised) by 61%. Which is a real good thing as well. They pay an annual dividend of 1.75%, but i am not sure if theyre an S&P aristocrat or not. Overall, based on what i have read based on Marry Buffets books and listening to videos of Warren Buffet himself i would grade BAC ( Bank of America Corp.) a C+ company which I would hold only for a few years up to 5 years max. Dont get me wrong the company is NOT going anywhere, so if youre looking to hold just to hold to sound trendy and chic amongst your friends then sure, but it is not going to be your star player, but more like your practice squad ...just a great supplemental. the technical side is the Bearish Crab. the grey box is the PRZ with a 3.618 projection of the BC leg, a 1.618 of the XA leg and 2.0 fibo extension of the ABC legs. if youre looking for a decent bargain then wait for Price to reach the pink line which is .382 of the whole pattern and if youre looking for a great bragain then wait for the .618 of the entire pattern. Seeing how the market is flowing at the moment i would probably buy at the .382 of the retrace anything lower than that there might be mass hysteria of a market "crash" which is honestly a very much needed correction for the stock market. But a good deal is better than no deal. I dont publish often my investing ideas as my investing is vastly different than my speculation ideas. If you guys want to know more about my investing ideas please let me know in the comments. I know value investing is not as flashy as speculating, but the longevity of investors is far greater than that of any speculator; moreover, it is of dire importance to know the difference of speculation and investing.
NYSE:BACShort
by ARegularGuy
SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels. I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
OANDA:SPX500USDShort
by RizeSenpai
1
BTC/ USD BitcoinOkay the godfather of Cryptos Bitcoin. So, we (as a market) saw Yesterday Evening (here in the States) a crypto "Crash". I was getting notifications from many people in a mass hysteria last night. I told them to relax (or not their choice) and gave them this very explanation. "This is a much needed correction. This move down will free up some liquidity in everyone's "portfolio" great time to book some profits and the perfect ability for the investors sitting on the sidelines to get in. Think of the homage every investor has heard probably time and time again. the Buy low Sell high. well if bitcoin is a rocket blasting off to infinity and beyond with out showing signs of slowing down are you gonna hop out? (the correct answer is yes trade the strategy hit your profit levels and get out, but that is rarely the answer I get.) Well this correction is a collection of people that are thinking (okay this is enough) and they have closed off their positions. so fret not get your money ready and accounts ready for a re-entry. So here on the Hour we have a Crab Pattern. PA has come down to touch the 1.618 and shot right back up. The oscillators were trading in the extreme range for a bit there and now into the normal range. So, if you're a buy and hold type of investor then now is a good price to get in, expect some minor drawdown as i think the Oscillators will return to the extreme levels before the train leaves the station. if you're a day trader, wait for the Oscillators to re-enter the extreme levels and when they re-enter normal levels enter, or whatever your strategy calls for entry. For those not familiar with harmonics its a Fibonacci approach to finding Support and resistance levels. If you ever listen to Scott Carney (the creator) work the patterns its incredible. he is able to calculate the fibo price levels in his head its quite remarkable. I just use the fibo tool here on TV. The harmonic system probably receives the most back lash out of any other trading system I have come across. When its right its right, however, when its wrong fellow traders will let you know its wrong. Its no secret and has been written about several times across many different books that Scientific people like my self (an ABD-Psychology Ph.D), doctors, and engineers have the toughest road ahead of them when it comes to trading. that is because we have rules and things must abide by them. Well the Market is way different it is like the Tax Man on tax day leaving you a conversation like this on April 15th You: "How much do I owe?" Tax-Man: "enough" You: "how much is enough? don't you know?" Tax-Man: "i know exactly how much you owe" You: "well what happens if i don't pay enough since i don't know how much i have to pay" Tax-man: " you go to prison" in other words the market knows exactly where enough is enough leaving all of us guessing. For us scientific types I find the harmonic system to be the best that works for me because of the fibo rules. if price goes here and touches this level i look here and here for entry. Just keep in mind ALL trading systems work its the trader that fails due to their trading psychology. Because, in reality the market goes in one of two ways (excluding consolidation) it goes up, and it goes down. #riskfreeorbust
COINBASE:BTCUSDLong
by ARegularGuy
2