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Eliotwave

If Price Reaches The Demand ZoneThe price has almost created a down trend on the 1 hour frame and it (may) reach the Demand Zone. If it reaches the demand zone and a clear reversed head & shoulder or double bottom pattern is created inside the zone and the nick line is broken then I see price would jump up to the nearest moving average or swing high. YOU NEED TO KNOW HOW TO TRADE THE HEAD AND SHOULDER AND DOUBLE TOP PATTERNS, PLUS YOU SHOULD KNOW HOW TO ENTER THE TRADE WITH THE RIGHT RISK MANAGEMENT. OTHERWISE DO NOT ENTER THE TRADE.
NYSE:TWTR
by Abdulla-yousif
PFE STILL MORE GAS IN THE TANKThis chart has been fairly predictable for the past year, however as we start to shape up the larger degree wave count, I've decided to alter this from an expanding diagonal to a typical impulse. The main thing shaping this is the action for wave 2 which appears to be a flat. Under this premise, we have subdivision of wave 3 underway. It appears to be an expanded third: triggering the 1.618 with evidence of another leg up to the 2.272 at $56. This is the primary trade at hand, as we target 15-20% gains here. This trade presents a 10:1 RR with a SL around $45.50 at the recent low for a 20% target. Wave 4 of 3 looks to be complete, hitting the 1.618 extension of A to B (see chart below). We have RSI testing the 70 which will be telling: if it can get into overbought territory, then it's indication of a trend reversal (as markets typically only go into overbought when bullish). Not pictured is the stacking bullish divergence for this wave 4. Another thing that stands out as evidence of wave 4 complete is that it was sharper than wave 2 of 3. By rule of alternation, we would expect this. Upon hitting this target near $56, we will reevaluate, likely close, and look for the next wave down. For now, I have a $45 level identified (w4 larger count) and a 2.618 target near $60 (w5 larger count) on the map. Remember: for extended wave 3s that approach the 2.0, we look for the next fib level near 2.618 for w5. These future targets are dependent on what happens here in this wave 3.
NYSE:PFELong
by warrenbudget
9
Bitcoin BearishAs what was expected in my last idea we went up from 30k to exactly hit my last target and now i think nothing is changed that means we are going down 30K again at 30K lvl we have 2 choices : 1- we will have anogther xxz correction to end the wave 4 before going deeper to 20K lvls and it must be a triangle because we can not have 2kind of same correction in one wave i can not exactly say where the xx wave will end and the triangle will starts but i think it will be the 36k lvl or the 30k it depends on the price action at these levels 2- we do finished the wave 4 as my last Idea and now we are going down to around 20K to finish the wave A from the Main ABC corection we can decide when we see the price action at that lvls but it seems that we still need the xxz correctopn because untill now we did not see enough bearsh power please see my last idea to understand what i mean
Short
by bakir89
15
rising wedge breaking out ?! interesting based on last BTCUSDT analysis we expected falling down but first btc went up to 40500 near the 100 D Ma (40736) and then rejected soo bad (see that damn shadow 😂) Which ACCIDENTALLY :) has broken out our rising wedge so as you know it's a bearish sign ( I'm talking about short-term) so the C wave I talked about is going to happen :) it could return sooner than we think (36400) take profit in major R Good luck Thanks for your attention
Short
by amirhoseinmlh
2
Solano needs some rest , doesn't it ?HELLO my friends ✋ Hope you all have a good weekend after a 18 days wave I think now is time of correction and also it's rejected from a major weekly resistance the price could be fallen to 0.382 to 0.618 fib which I pointed out in chart and then (probably) we have the third wave and as I expected and told you in past analysis btc also needs some rest sol/btc chart also say the same thing to me it made a H&S pattern which is not a good sign in short-term. I wont open short position but you can (maybe i will 😂) . I closed my last long position with 5 % profit have a nice time support me with your like and cm your opinion
Short
by amirhoseinmlh
9