Crude oil update " Short trade " 55$ ?i believe it might be a good time to take profit for longs , crude oil might correct to 55$ levels
EW
DAX Intraday - Entry + TP Levels - 17.01.18Looking for short entry levels today around the 50% and 61.8% Fibonacci.
Splitting the take profit into long and short term goals.
Good luck!
DAX Daily - EW analysis - 17.01.2018Following yesterdays post (The DAX in a very large picture) we see a possible ABC correction pattern in the daily chart.
Target around 50% Fibonacci retracement, also A=C
The DAX in a very large picture // Monthly Chart // 2018 With the recent all time high, the 5th of the big 3rd wave might be finished.
What follows is a big correction into the 4th wave, retracing until the 23% to 38% Fibonacci level.
It could look like the move in 2015 - wait for confirmation in the daily chart.
Bullish CADJPY: EW Triangle + Daily Support ConfluenceI like this pair long at this level if highs are breached. Triangle is confluent with daily support from multiple parameters. SL Below lows as shown. Cheers
IOTA finishing up symmetric triangle then blast offHere we see a perfect symmetric triangle having been formed on the 4h Binance chart (made my day that TV finally added Binance!) IOTA has just finished wave C of a ABCDE elliott triangle wave and we are headed up wave D. Due to the positions (tops/bottoms) of the waves, we should very well expect price action to break above the triangle after finishing wave E.
If the waves continue to be parallel to each other (in other words, wave A and C and wave B and D show the same angles,) we should see a breakout around January 15th. If you are looking to accumulate, this may be the time.
I will update later on where I expect price to go once the breakout occurs.
As always, this should not be taken as investment advice and only be used for comparison against your own charts/analysis.
DASH Long Term PerspectiveLong-term view of #DASH from an Elliott Wave perspective.
DASHUSD is following the general crypto bull trend upwards and is now in the latter stages of wave (3) of Grand 1, which could take it all the way up to $4K before crashing back down to triple-digit value.
Let's see how this price movement develops over the coming months. Stay tuned.
Will history repeat it self?If the ABC correction is done, and we enter a new impulse, this is a probable outcome to be aware of...
GBPCAD Short: Cypher + Triangle + 500D SMAHey traders, looking for short opportunities at this level. I like a weak GBP and a strong CAD this week as the S&P is raging and should rally through the end of the year. Cypher is complete at this level as well as confluence with the 500 day SMA and a number of trendlines. Looking for bearish impulses as confirmation. May make a video to accompany this idea. Cheers.
cl trading plan for the next 1-3 years EW trading play for cl , once price reaches 60 it should correct making a down trend for few months, then the real uptrend should happen , goodluck all
GBPAUD Analysis: Elliott Wave, Relative Strength, + MA SupportHey everyone, just thought I'd share with you a potential trade idea for the Asian session traders. All is explained in the video. Great feature! Cheers
Bitcoin is a BUBBLE ready to burst!We have witnessed the meteoric rise of bitcoin over the last 4.5 months from a mere $1,800 to $10,500. Now we shall witness the meteoric fall of bitcoin from $10,500 down to $1,800 over the next few months. Bitcoin is way over-bought. What we see now is a bubble and all bubbles must burst. Do not think for a second that we are on the S-curve that will only rise and rise because we are not there yet. I do believe that bitcoin will undergo the S-curve on its next giant wave but not this one. If you have sold your house and got into bitcoin a few months ago, I congratulate you but it's time to buy a bigger house now.
Short term EW 1-5 forming?Depending on where the 2nd wave stops, might be a short term 1-5 EW forming.
