Weekly Elliott Wave Count - Bullish BiasProviding my Elliott Wave Count showing the bullish bias. Where I believe we are at based on THIS count.
Fxast
XAUUSD Bullish PushLooking to Buy Gold off of 2 choices. I believe the market is showing that it wants to push higher (based on the weekly) and we could see some strong momentum going into the week and coming weeks.
BTCUSD approaching strong resistance area (200 DMA)Just like with ETHUSD, BTCUSD is approaching a decision area. Will there be enough momentum to push through creating HH HL or will the market RBD? More evidence from the daily and weekly perspectives shows that the bearish momentum is stronger. Divergence is being seen between the price action chart and the oscillator.
ETHUSD from the Daily Cloud PerspectiveFrom the Daily cloud view, we can see that the associated price action is at an indecision area. The Kijun Sen is starting to point down, Cloud Span A is pointing down along with Cloud Span B and the Kumo is red as a result. Seeing divergence between the Cloud price action and the oscillator.
Going up to the weekly you can see that the market is bearish below both the Tenken Sen and Kijun Sen lines and we have a bullish flat horizontal Kumo.
FxAST applied to ETHUSDJust to expand on the previous chart. I have applied the FxAST trading system to this and we can see that we are approaching an area with strong resistance (black line inside of supply zone). This is a confluence area that associated price action must breakthrough. The below oscillator isn't as strong as I would like to see but we still have some time before the market gets to this area if it at all.
ETH weekend scenariosLooking at a couple of things that I believe could happen with ETHUSD. The above supply zone area (stacked) shows there is still some liquidity there for the market to push up (FO) and then break back down. The possibility also that there is enough bullish momentum to break through (creating swap zone) and then push potentially to a new higher high.
XAUUSD Leaning toward bearish momentumLooking for price to push up to 1775 and then downward past 4H low. Another potential to head north into the 4H supply zone.
Gold bearish outlookGold, play will be between the 20 and 13 if price breaks above KEY. If the price stays below KEY, looking to short 1727.20 and then 1678.00.
Rejection off of 20 looking to short from a higher price to those levels.
XRP Short continuedI didn't like the zones as much as I liked them from the 2H level (Orange/Yellow - 2H zones with aqua BL). What I find interesting is that the BASE AOI has a lot of interesting bits of information inside. You can see at the 1H level a nice prior zone now SWAP that price is playing with the 1H BL as support. I am still looking for associated price action to stay bearish based on price below the Fib wave, Price below the key areas within the FxAST RSI, and the MACD showing us that sellers are in the market.
Posting all charts here so you can see the Renko confirmation next to the TF-based chart.
Updated Chart to show FxAST62LW with the OracleI have just added my own rolling Fib-based trading strategy to the chart to show how it played out with the SND zones. Also, the Oracle is added there as well for trend confirmation.
Updated SND zones for UJI have updated the USDJPY SND zones as associated price action has continued to progress. Still keeping the bottom 4H zone (grey) but have created new 1H zones based on associated price action. 1H zones = orange with orange baseline & 4H zones = grey with black baseline. *Note - zones, where associated price action has passed through, are now SWAP zones. I am keeping those because they are still relevant until they aren't.
