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Expanding

SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
AMEX:SPY
by HelioHelix
2
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻 XAUUSD: BEARISH EXPANDING TRIANGLE 🔻 BIAS: BEARISH 🔻 TECHNICAL PROJECTION: BEARISH On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 1787 target & lower to complete its "e wave" from the bearish descending expanding triangle pattern. FUNDAMENTAL PROJECTION: BEARISH FURTHER DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe.
OANDA:XAUUSD
by maraxrara
TLM 50% INCOMING!!!TLM is forming bullish expanding triangle . I expect at least 50% pump from this . Alien Worlds is one of best nft game projects with so many ways to use NFTs and TLM tokens in their games. But I think it will go much higher espesically if btc keeps doing good which I think it will. If you want to hold for long term you can buy now, but if you want to enter as trade you can use fib and wait for 50% or wait for it to touch bottom line for best possible entry. This is not financial advice, I am just sharing my opinion!
Long
by UnknownUnicorn26826311
XRP peak based on the Expanding Cycle Theory 2022As many of you know I am now considering that we may have a possible change in the bull cycle pattern. I have always believed in the typical 4-year cycle pattern for the Bitcoin peak based on the 4-year halving but now I am starting to lean on this possible new theory. If you look up Nicholas Merten (youtube channel called Datadash), he explains this theory with actual numbers and key top metrics to give you a possible outcome on an extended bull run well into 2022. I am including an ascending channel that XRP is respecting with an obvious support line at bottom of this channel. You will also see a top part of this channel that if we touch will give XRP a value of approximately $349.00. Please take note I am using a fractal from the 2013 bull run when XRP went from $0.005 all the way past $3 which shows a staggering 52,000% increase in price. If we take this and calculate at the present low in the bottom of this channel and take it to the top with the same percentage of 52k% gain then we will see a possible $349 XRP price for the end of the bull cycle 2022. Please note that this will be greatly influenced by the completion of this SEC trial that Ripple is currently going through right now. Never invest what you are not willing to lose.
Long
by altcoinb
15
Expanding pattern in BITCOINHi guys An Expanding pattern is formed in the Bitcoin chart. In Forex, this pattern is usually seen in many currency pairs. I emphasize again that patterns work 60% of the time. The bottom line should be maintained and good buying pressure should be formed. s4.uupload.ir Due to the arrival of a large amount of stable coins and also the heavy purchases of the wallet of the third largest wall in the world in the 58K area, we probably saw the bitcoin floor will be $ 58k
Long
by seyed_mehdi
2
EURJPY Another Sell Setups Hi traders: Looking at EURJPY here for a potential continuation bearish price action. We can see after the impulse phase from the top, price correct into an expanding structure. Within a few swing highs and lows, double tops, combining with a rising wedge reversal, giving me a bearish price action confirmation. Now that price has broken down from the wedge, watch for lower time frame bearish continuation correction for possible entries down the the recent lows. thank you
Short
by jojofang0901
39
USDSGD Bearish Reversal, Expect Down Move here Hi everyone: Here on USDSGD, there's potential opportunities for a bearish continuation to happen. We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure. With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections. Instead it formed a reversal impulse move down, follow by a bearish continuation. This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible. Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows. Thank you
Short
by jojofang0901
51
USDCAD Lookout for bullish reversal. Hello traders: Most of USD pairs are due for some strength, and looking at USDCAD's price action here certainly can lead into some opportunities. We can see there is a higher time frame descending channel correction, pushed the price down to a double bottoms. Once the price reaches around this area, we begin to see an expanding kind of correction. As we know these type of corrections are a bit more advance, so its best to wait the development to complete. I would wait for the current price to finish consolidating and breakout above, then lower time continuation correction to look for the buy to the top of the HTF channel. Thank you
Long
by jojofang0901
13
ETHUSDT: Aiming for 3000$Hello traders! It looks like ETH is moving in expanding channel which means more bullish moves are coming in this pair. After making new highs ethusdt formed a pinbar candle in the D1 chart which is a strong bearish sign but on the very next candle, it turned the bearish scenario into bullish again. Now we are looking for at least 3000$ target in this pair. Investors are more confident in ethusdt after that bullish run and it will give gains faster than other crypto giants. Don't forget to hit the like button and follow to stay connected. Previous analysis
Long
by Aadil1000x
GBPJPY Look for continuation sell Hello traders: Most JPY pairs are also showing some bearish price action and GBPJPY looks the cleanest for me. We see the previous sell setup from the top of a double tops, "M" style pattern, and then price falls into an expanding correction. WE can start to see a HTF Head and Shoulder as well. As we know expanding type of correction can be more advance, so I am patently waiting for further confirmation form the price. Preferably we get a LTF continuation correction within the expanding structure and that can lead into the next bearish impulse phrase from the market. Alternatively, if price just breaks out of the expanding structure and as usual look for continuation correction after. Thank you
Short
by jojofang0901
38
BITCOIN Deeper Correction before the next long term buy Hello everyone: I haven't update bitcoin for a while since the last bearish move down where I sold my previous hold position. Now that the price developed more on the lower time frame, its show a bit more structure now. We can see price did broke the all time high briefly, before a short lower time frame impulse out of the ascending channel. Latest price action on the LTF show a continuation correction in the making. What I expect is to see short term bearish move down to the previous low area, formed a deeper correctional structure, and reverse from the bottom to continue the bullish trend that we have seen. Personally not into the short term sell, but certainly has potential to the downside. IF we get see price move down to the previous lows and form reversal price action from the bottom, then that's would be very good bullish continuation entry to get in. Thank you
BITSTAMP:BTCUSD
by jojofang0901
38
Expanding Structures/Patterns in Price Action AnalysisHello everyone: Welcome back to another price action structures/pattern educational video. Today I want to discuss the expanding structure that I always see in the market. These structures/patterns are a bit more advanced, as they are not so clear on whether it's a continuation or a reversal correction. Lets dig into some typical forms that I always see in the market, and discuss the possible opportunities we can get from them. Expanding structure can come in all sorts of sizes and shapes. They are not the typical channel, flag, pennant/triangle, Head and Shoulder that we usually encounter. The key here is to identify them and observe if we are going to get trend continuations, or trend reversal after the correction finished. Any questions, comments or feedback welcome to let me know below. I will include all other types of price action structures/corrections that I have discussed in the past below, for everyone’s references. Thank you Jojo Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis Continuation Bull/Bear Flag Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action
BITSTAMP:BTCUSDEducation
by jojofang0901
41