CHFJPY (Short)It's been a while since i've managed to put on a trade as I've found it difficult to identify clean waves. So I'm dropping a couple of rules on the lowertimframes and trading on 15min as a the lowest confirmation. I'm still using the 1min to identify clean impulsive waves just not looking for 5 waves as such. This move is targeting the fibo fan as an ABC.
Elltiott
UK100: Swing-Setup! This recovery could lead us to 7.500!#BUYHey tradomaniacs,
welcome to another free signal!
Important: Wait bounce off @7.104 and place a Buy-Limit-Order!
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Type: Swingtrade
Buy-Limit: 6.989
Stop-Loss: 6.863,2
Target 1: 7.166
Target 2: 7.300
Targt 3: 7.511
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Amazon: Too far too fast1. Amazon broke out of its long term compounding trend and mooned up to about $2000/sh. Fib retracements of 50% are not uncommon in price moves like this.
2. The average of the near term compounding trend with the long term compounding trend is displayed as the green parabola and is likely where the reversal back to new highs begins- if this forecast plays out.
3. In a bearish market environment the blue Elliot wave pattern finds itself playing catch-up to the long-term trend after a 61.3% retracement. In a bullish scenario the 50% should serve as concrete support and the purple Elliot wave pattern plays out.
4. Amazon is not only one of the strongest companies in the world, but also continues to deliver investments and results into growing segments. It is very possible that the time frame on this forecast in much shorter than presented and the 50% retracement is never touched. I personally would never short Amazon, but I would be an eager buyer at the 50% retracement and would hedge any current positions that are sustaining heavy losses.
Bitcoin up to 13K by FridayThere are some complex ideas about the market but I am seeing a simple trend in Bitcoin -0.60% . I didn't really see this until recently and so I had no choice but to publish this since there is a lot of data to support this theory. I have a multi month outlook so I figured I would update this idea and provide my weekly outlook.
Consider the following facts & ideas that support this idea:
1) A symmetrical triangle is generally regarded as a period of consolidation before the price moves beyond one of the identified trendlines . I am sure many will agree we are in a consolidation period.
2) Symmetrical/convergent triangles are more common in 4 wave cycles. Look, even in the fourth wave "C" we have a triangle.
3)As this pattern advances we will see some contraction in volume , there is a good chance we will see and quick increase in volume when a breakout is ready.
In short, at this stage, everything points to this scenario. I have been in the position for a long time and will begin to sell my portfolio starting at ~ 13500 with the intent to rebuy shortly after. If not, I will re-assess this projection.
Best of luck to all traders. I would be happy to discuss :)