SPX500 correction be about happenAt this moment SPX is overbought, RSI shows a beautiful ending diagonal pattern. This price parabolic movement can't take long so correction is mandatory.
GOOD LUCK!
Ending Diagonal
Ending DiagonalEnding diagonals are strong reversal patterns and in this case, price has tested a long term bearish trendline. Wait for price to break the marked zone before entry
Tron TRXUSD - Elliott wave + Massive channel!- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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Ripple XRPUSD - Elliott Wave + Ascending channel- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel!
- As you can see we are currently at the 5th wave to the upside, which can be huge!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- The coin started this uptrend by the Head and Shoulders pattern.
- Target is top of the channel or 1:1 fib extension!
- New all time highs are near than you think.
- The volume is decreasing, which means, that a big explosive move is coming!
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Ending diagonalEnding diagonals are strong reversal patterns and this one might possibly be one. Wait for price to break the trigger before entry
Ending DiagonalEnding diagonals are strong reversal patterns. Please wait for price to break the confirmation level before entering
0x ZRXUSDT - HUGE Rising wedge- ZRX is very bullish on the weekly macro scale.
- We have a rising wedge , that greatly holds support.
- Bullish volume is higher and RSI is prepared for a pump!
- Profit target 1:1 fib extension or top of the wedge
- Check my related idea about 0X vs BTC below!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Tron TRXUSD - Huge channel + Elliot Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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$EURUSD - Completion of the correctionHi guys! 👋🏻
🔔 EUR/USD is traded inside a downtrend channel. The price action of June 25 has formed an expanding ending diagonal pattern, which is yet to complete its formation.
🔔 4H EUR/USD chart, whereas the RSI is near the oversold level, hence to balance the strength, EUR/USD might retest 1.17700 before it continues to proceed downwards to complete the correction.
🔔 Key support levels to watch herein are $1.16150, $1.15000 and an area between $1.14500 and $1.14200. It is important to note that MA100, MA200 and EMA50 are all above the priceline and act as a strong resistance, most importantly the EMA50 is right at $1.17700 which backs the strength of this resistance.
🔔 Last week, the EU and German economic data were mainly red colored as the actual data released was not the same or above the anticipated. This fact weakens the Euro before the US Dollar, as these data clearly state that the ECB economic projections are inaccurate. Last week’s EU and German PMI data were below the anticipated.
🔔 It is pretty much clear that the end of the correction is not yet confirmed and for the Euro to continue the uptrend the economic data from the EU has to follow the projections of the ECB and EUR/USD must close above the upper edge of the downtrend channel. Until then, EUR/USD is bearish.
✊🏻 Good luck with your trades! ✊🏻
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RIpple XRP - Ascending channel- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel!
- As you can see we are currently at the 5th wave to the upside, which can be huge!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- The coin started this uptrend by the Head and Shoulders pattern.
- Target is top of the channel or 1:1 fib extension!
- New all time highs are near than you think.
- The volume is decreasing, which means, that a big explosive move is coming!
- If you want to see more of these ideas, hit "Like" & "Follow"!
Cardano ADAUSD - Rounding Bottom! + Elliott Wave- Cardano is currently breaking out to new ALL TIME HIGHS!
- On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs.
- Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish .
- We will experience an acceleration to the upside in a few days!
- Profit target is 0.618 FIB extension, which is around 30 USD - 1000%.
- Cardano made a huge rounding bottom or cup and handle on the weekly time frame.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, we are currently at the 5th impulse elliott wave!
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Avalanche AVAXUSDT - New ALL TIME HIGH! Very bullish coin!- Avalanche AVAX Rank #11 Coin on coinmarketcap.
- The price is above the All Time High level, which is of course very bullish.
- We have a huge parallel channel, can serve as a resistance on the top.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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$CHZUSD - Ending diagonalHello everyone!
Ending diagonal spotted on CHZUSD.
Can enter long now with a low SL.
Link LINKUSD - Ascending channel + 100 USD next wave Link is very bullish on the weekly time frame.
- If you take a look at RSI we can see, that this oscillator is ready for another pump!
- Previous swing high acted as a support + bottom of the channel!
- Target is top of the channel or 0.618 FIB trend-based FIB.
- We can spot an ascending channel forming on the weekly timeframe .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Tron TRXUSD - Ascending channel + Elliott Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
SPX 1-day classic patternsQ: What has the highest probability of occurring?
Solid uptrend.
There are 2 classic patterns 1 is approaching its target the other has not validated.
The bull flag from July is approaching its target.
The pattern projects 4570 as the target.
The ending diagonal, that appears to be in a throwover, is not validated.
This pattern projects 4140 as the target.
Objectively looking at previous structure there are a two major bearish classic patterns that failed. Specifically double tops that breakout into an uptrend as the second top is about to form. Buying the retest of the double top or former resistance was a great strategy. Bull flags also proved successful, in hindsight of course.
Since the bull flag from July is the only validated pattern the current position is long with a bias in favour of the uptrend continuing.
N.B. the current daily ranges are in the lower half of the distribution of all ranges this year. This indicates low volatility by 2021's standards.
When the rate of change crosses from -ve to +ve it acts as a good entry signal for this trend. The market gains momentum after the majority of crosses.
Low volatility and momentum are prerequisites for steady trends but are not predictors of direction.
Finally the ending diagonal is for those with skepticism. If something untoward were to happen there is a framework for trading a 10% correction. In the words of Ed Seykota,
"The trend is your friend except at the end where it bends."
TomoChain TOMOUSDT - Impulse Elliott Wave + Ascending channel- TomoChain TOMO - Rank #277 on coinmarketcap.
- TOMO looks very strong on the weekly time frame.
- We can spot an ascending channel , which provides us with a good support/resistance .
- Due to my Elliott wave count, we are currently in the 5th wave.
- RSI is ready for another pump very soon!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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S&P 500 TOPPING PROCESSA simple Elliott wave corrective structure(A,B,C) having a target of A=C= 4613 is about to achieve this week.
Several times I expected (without confirmation) s&p500 to fall in AUGUST
BULL waves will end after forming an ending Diagonal which is nearing to complete.
My previous counts(bearish) are criticised ,BUT NO ONE expected this recovery wave had such an euphoric strength!!
Thanks to internet,young,algo,new trading community those who pulled out this index by loading lots of borrowed money.
The reality comes next in the name of PUNISHMENT for over exaggeration.
Bitcoin Analyze_Road Map🗺️(Update)!!!Hi, We saw an amazing dump yesterday, I expected this movement from before, and finally, it happened. what will happen for Bitcoin ?
for answering the question, I decided to update the road map that I published on Aug 14 , the topic was '' Bitcoin Analyze (Road Map) !!!🗺️''.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰
Location 🌊: Bitcoin's Correction has started at around 64200$ . Bitcoin was able to pass the First Main wave of Correction ( Main wave A ) at 28805$ . Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn't ended).
We passed Main wave B by that dump + The price broke our important uptrend line (verification).
Now, we are sure about starting Main Wave C (90%). The Main wave C hast to have 5 microwaves that they can run on regular 5 impulsive waves (Scenario 1 ) or even run in ending Diagonal Triangle( Scenario 2 ).
If Scenario 1 happens, we can see 3 0000$ - 28800$ until the end of the year (even less).
if Scenario 2 happens, we will not see very low prices, (probably around 37600$ ).
I tried to show you the end of each microwave, let's see where are end of them? (a little hard to predict for now, but I try my luck 😉)
where is the end of microwave 1 of Main Wave C?
Taregts🎯: 44400$ until 42850$
where is the end of microwave 2 of Main Wave C?
Targets🎯: around 46600$ //around 47800$ // around 48914$ // even around 51540$ ( Low possible )
where is the end of microwave 3 of Main Wave C?
Targets🎯: 37600$ until 30800$
where is the end of microwave 4 of Main Wave C?
Targets🎯: 37800$ until 34200$
where is the end of microwave 5 of Main Wave C?
Targets🎯: 30600$ until 28800$ or even less than these.
Note : Over 53000$ my counting waves will fail and probably we are on new 5 impulsive waves for reaching new ATH.
❗️ Sign ❗️: if you remember that when we were at around 36000$ , Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$ , probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW/
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion : if you have coins, you have to think about taking profits especially on the end of microwave 2 of Main wave C / if you don't have coins, Don't be FOMO , probably time will give you another chance 👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
EOS EOSUSD - Rounding bottom + NEW ATH very soon!- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target 1:1 / below all time high.
- RSI is ready and volume favors bulls.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Elliott Wave Analysis: Dow Jones Is Forming The Wedge PatternHello traders and investors!
Today we will talk about Dow Jones Industrial, in which we see quite clear and very interesting formation. We are talking about an ending diagonal (wedge) pattern.
Well, DJI is rising, but as you can see, it's very slow, so it's obviously running out of steam, which we see it as part of an ending diagonal (wedge) pattern as part of wave 5 of a higher degree wave III.
An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs A-B-C. Waves 1 and 4 overlaps in price, while wave 3 can not be the shortest amongst waves 1, 3, and 5.
Respecting the price action and wave structure, seems like DJI is looking for another jump for wave C of (5) up to 35700 - 36000 area to complete that wedge pattern within a higher degree wave 5 of III and then watch out for a bigger and deeper correction within a higher degree wave IV that can send the price back to 33k support zone.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Beam BEAMUSDT - Head and Shoulders, new ATH soon!- Beam BEAM Rank #479 - Coin
- The price recently broked out of Head and Shouolders pattern
- We have a succesful retest of the HaS neckline
- Profit target is 1:1 fib extension
- Bullish volume is higher and RSI is prepared for a big pump very soon
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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ED or breakout?SPX is at an important junction here. If it can sustain the breakout above the upper black TL, then this could accelerate higher going fwd.
If SPX whipsaws the upper black TL and turns back down from here, then the ED (ending diagonal) would be gaining weight. Next few days look key and will set the intermediate term direction.
Trade safe!
