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Exhaustion

DAX30 - Short Term CorrectionI have published a short idea earlier today which has played out great and allowed me to book in some profits. It appears that the move might have exhausted itself and is due for a corrective move up. Reasons: ABCD pattern is developing and will complete at approx 10277 level. Price is buckling already. Bullish divergence between price action and RSI. Price did not manage to aggressively break out out of a shallower (blue) downward channel and has instead reached it lower boundary. Looks like we might see a correction. Arrows are not forecasts of end points of correction. I am not sure how many late sellers we have got overhead keen to enter the short side of the market. So wait and see. If correction ensues, it may offer an opportunity to add to or to re-enter a short trade. Which is more of my plan. This is not a trade recommendation, because it is against a prevailing bearish trend, but a caution to book in some profits (if you haven't already) and perhaps for those of a braver heart - this may present an opportunity for long scalp.
OANDA:DE30EUR
by ggekkotrader
USDCAD Possible Fib RejectionWe can see multiple elements which leads me to this conclusion, starting off with Fibbonaci, we can clearly see it has been rejected multiple times. We have already gone up by ~1.2% today and it might need some relief. I believe we will see it get rejected at 0.382 Fib Level. We can also see that it has failed the upwards trend-line. I believe it is either going to bounce off the lower Fib Level or the parallel channel, but I would wait for next wick to print for entry. If you have any questions feel free to ask me down in the comments or on telegram linked in my signature. cheers, tonite
by tonite
1
$BTC still alive! Road to 9K+ ? #SequentialDespite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes. Weekly: The symmetrical triangle has held so far and the bullish sequential countdown is still in play. Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical triangle. Daily: The 6 months bear channel finally broke up on Jan 06th after reaching Daily C13 and S13 exhaustion points. BTC then struggled on TDST Resistance (Red dotted line) and formed a noticeable H&S Pattern 4H: An ascending triangle has recently been formed over a shorter period of time with multiple exhaustion points. It looks like it has broken up and now being backtested. A close below 5700USD would challenge this pattern. A solid close below 5250 would mean lower lows are likely... Enjoy! MATHR3E Sequential indicators: MATHR3E TD Multi Sequential MATHR3E TD Setup Trend MATHR3E TD Sequential Fibonacci Extension MATHR3E TD Aggressive Fibonacci Extension MATHR3E TD Combo Fibonacci Extension
BITSTAMP:BTCUSDLong
by MATHR3E
$BTC Second Target Reached #SequentialHi everyone, The previous exhaustion point was too weak to reverse the price It only formed a short consolidation pattern (Bear Flag) before another drop. Now BTC has reached the second bearish target (on BITSTAMP) The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart. These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now Warning Points: BTC is still in a bearish channel A touch of the bottom line of the channel is still possible Best! MATHR3E Sequential indicators: MATHR3E TD Multi Sequential MATHR3E TD Setup Trend MATHR3E TD Sequential Fibonacci Extension MATHR3E TD Aggressive Fibonacci Extension MATHR3E TD Combo Fibonacci Extension
BITSTAMP:BTCUSD
by MATHR3E
$BTC First Target Reached #SequentialHi everyone, Today, BTC has finally reached its first bearish target on COINBASE. The price is currently printing an exhaustion point S13. On BITSTAMP, this same exhaustion point is still at $7.470. (There is a countdown shift between the 2 platforms so it is difficult to rely on a single target.) Yet, the COINBASE exhaustion point remains a valid entry point to test a long. It also coincides with multiple exhaustion points on the 6H chart (S13-A13-C13) We should hence, observe a bounce in the next hours Warning Points: On the 4H chart, the bearish countdown has just reset indicating a possible bear continuation If the bounce is able to mark a candle's low above 8508 or complete a new Sell SETUP, then we could get rid of it. On the 12H chart, the next exhaustion Point S34 is also matching the BITSTAMP exhaustion Point S13 at $7.470. Best! MATHR3E Sequential indicators: MATHR3E TD Multi Sequential MATHR3E TD Setup Trend MATHR3E TD Sequential Fibonacci Extension MATHR3E TD Aggressive Fibonacci Extension MATHR3E TD Combo Fibonacci Extension
COINBASE:BTCUSDLong
by MATHR3E
$XAU Daily uptrend analysis #Sequential #GoldHello everyone. Gold remains in a bullish trend and found some exhaustion points recently: - S13 and A21 on 08/08 - C13 on 08/13 - Nested S21 on 09/23 Despite these last exhaustion points, the daily main bullish sequential countdown has not been invalidated. This bullish countdown is currently on a bar 5/13 and its last increased bar was on 09/04. With the remaining countdown bars, price could then reach once again the upper limit of the bullish channel. For now, price is forming a small consolidation pattern (blue), which looks like an ascending triangle. If this pattern fails, the price could fall in a wider pattern (gray falling wedge) and find first some support on the middle line of the channel. The TDST Support is @ 1400 USD and could coincide with the lower limit of the channel, so this is also a level to watch. Best! MATHR3E Sequential indicators: MATHR3E TD Multi Sequential MATHR3E TD Setup Trend MATHR3E TD Sequential Fibonacci Extension MATHR3E TD Aggressive Fibonacci Extension MATHR3E TD Combo Fibonacci Extension
OANDA:XAUUSDLong
by MATHR3E
Bitcoin's Pullback to Upper Support - A buying Opportunity We entered the third era of Bitcoin , the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria. The current support @6000.0 acts like a magnet to attract prices. In fact, the predicted upward momentum should be the as same as every phase, +300%.
BITFINEX:BTCUSDLong
by Theperfectionist