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Impulse

AUDJPY HAS BULLISH CHARACTERISTICS - ELLIOTT WAVE ANALYSISHi Ellioticians, this is my current look on the AUDJPY. A possible bullish advance unflding, up from 90.76 level. Price can be in a black wave (iii), with possible projection target of Fib. ratio of 2.0. At the mentioned target a correction can start developing. Wave (iii) is an impulse, therefore five legs must unfold within it, before a correction as wave (iv) may start unfolding. The parallel channel line suggests where wave (iv) correction can find support, once it starts to develop (at the middle parralel line, or at the lower one). In case a sudden impulsive reversal starts unfolding towards the 90.75 level, then this would suggest a bigger, complex correction to be underway from the 94.32 level. On the other hand, more bullish and impulsive price activity would be a bullish sign. Trade well.
by Gravity33
2
TESLA PUSHING HIGHER- ELLIOT WAVE ANALYSISHi Ellioticians, Tesla is trading impulsively bullish on the 30min chart from the 700.1 lvl. We labelled a five-wave advance in motion, where price can now be ending a wave 3. Ideally wave 3 will end near the Fib. projection ratio of 2.0 and price will start to retrace into a corrective wave 4. If wave 3 extends even higher, then 2.618 Fib. projection ratio can be then next area, where wave 3 can come to an end. Corrective wave 4 can look for support at the upper parallel channel line and at the former swing low, at the 985.2 lvl.. A break below 887 invalidation lvl. would invalidate the count. Trade well.
NASDAQ:TSLA
by Gravity33
Weekly Trade Recap: ADA, ETH, EURNZD, GBPAUD 04-03-22 Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 27th - Apr 1st. ADA: running around BE Full analysis/forecast: ETH: running around BE Full analysis/forecast: GBPAUD: Out for +2.5% profit Full analysis/forecast: EURNZD: Out for +0.5% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
BINANCE:ADAUSD
by jojofang0901
25
LAST IMPULSE FOR LUNA BEFORE ITS CORRECTIONHello traders Today we are looking at the LUNAUSDT where thanks to the Elliot Waves Analysis we are achieving the wave 5 of its entire impulse trend My objective zone is betweeen $122 and $128, it is where the strongest Fibonacci objectives are. Additionally, we can see that we are having a triple Bearish Regular Divergence from the last high of the 26th december, (but it is even older than this date too) ----> (if you go weekly, you can tell by the indicator that we are also having a triple B.R.D from the beginning of its listing) Normally when finishing an impulse, it happens a correction wave (ABC for instance) Hope you find it interesting.
by ModTrades
GBPAUD Still Look Fore More Downside Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure. From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook. Now that price has broken out impulsively, there's likelihood of further continuations What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows. Thank you
Short
by jojofang0901
14
GBPNZD Possible Further Drop, Wait for bearish price action Also dropping is GBPNZD as we can see from the top of the structure, double top, reversal price action and indeed the bearish impulse move down. Price is now at the bottom of the higher time frame structure, and is possible to continue downside, if a continuation correction can be formed. Similar across, wait for a bigger correction to form by moving up on the lower time frames to form a bigger correction before another move down to previous lows. Thank you
Short
by jojofang0901
21
GBPAUD Bigger Bearish Correction Can Form, Still look for sell Hello traders: Also possible to develop 2 sell potential setups here on GBPAUD. We can see after the previous bearish impulse down, price begin to form into a continuation correction. We see price is current already impulse out of this current bearish continuation correction, and forming lower time frame consolidation. This is where we can either see price commit to the downside and continue lower down to the next swing lows, or possible to make another short term, corrective move up to the top of the current continuation correction, and evolve into a bigger structure, and still reverse down from the top. Be on the look out for these 2 possible development. Thank you
Short
by jojofang0901
41
GBPJPY Back to the Top, Reversal Bearish Price Action Hello traders: GBPJPY has once again move to the top of the higher time frame structure, and with the lower time frame bearish price action, there could be opportunities for further sells. Here we can see a larger, channel like structure, correcting the price. There was a sharp bullish impulse up to the top of the structure, and initially was looking to have more continuation up. Instead, a sharp bearish reversal impulse down from the smaller ascending channel. Great signs of bearish reversal price action. To confirm the entry, price needs to form bearish continuation correction after impulse down, to validate the reversal price action from the top. HTF: thank you
Short
by jojofang0901
22
GOLD Finally A Clear Bearish Price Action Hello traders: Last few weeks/month many have been asking about GOLD's possible direction and whether to buy and sell. I have been telling everyone to remain patient and wait for the opportunity to arrive. Here now we can see a clear picture of the possible bearish development on GOLD. From the top, we can see a double tops after price failed to break above the all the highs. Instead, a sharp bearish reversal impulse phase down, good signs that the bullish momentum is exhausted. After, price begin to consolidate and correct, even forming a bigger H and S pattern as well. Now it looks like right shoulder, bearish flag continuation is about to finish. Be on the look out for further sell setups, if price can form lower time frames continuations to validate more downside move. Thank you
OANDA:XAUUSDShort
by jojofang0901
21
Elliott Wave Analysis: German Bund Is Trading At SupportHello traders and investors! Today we will talk about German Bund, where we see very interesting support level after recent bond market crash. As you can see, bonds are sharply down and if we take a look at German Bund monthly chart, from Elliott Wave perspective, we can still see a corrective decline within higher degree wave (IV). From technical perspective, ideal support would be here at the former wave IV, 38,2% Fibo. retracement, base channel upper line and the 155 - 150 area. So, be aware of limited decline and watch out for bounce and new rally within higher degree wave (V) soon. Trade well! If you like what we do, then please like and share our idea. 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.
EUREX:FGBL1!Long
by ew-forecast
ETHER on the rise, few buy scenarios Hello traders: Few weeks ago I was more looking for a short term move down on ETH before the bigger, longer term up move. Price didn't end up confirming any bearish price action to enter short, instead, we are seeing some strong bullish impulse phrase from the lower time frames. We can see the latest development has shown the previous high is broke above now. Now we can either wait for lower time frame continuation correction to look for buy entries. or if bullish continuation correction does not form, instead a bearish drop down, then wait for price to hit the previous lows, and if price develop bullish reversal price action, then still look for the buys. Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
34
Ethereum Classic Back On Bullish Watch Hi everyone: Also on my watch for further bullish up move is ETC. We can see after the initial bearish down move, price has develop into a larger descending structure. As we know descending type of consolidation give good probability for bullish reversal price action. Latest development has given us a strong, lower time frame impulse phase up, breaking above the structure. Now, to confirm further upside, watch for bullish continuation correction to develop and finish, to confirm the next up move to the highs. Thank you
KRAKEN:ETCUSDLong
by jojofang0901
22
CARDANO Is It Time To Rise ? Watch for continuation price action Hello traders: ADA has been in a decline since the initial strong bullish impulse up after reaching the $3 price. It has been in a bearish price action and continue to correct within a downward correction since. We can see price temporary broke below the $1 mark, but quickly reverse up and formed bullish impulse phase on the lower time frame. This is a good sign that price has formed a low, double bottoms, and reversal price action has formed. Its within our interest to wait and see if price can develop a bullish continuation correction as it has broken above the descending channel structure. Look for previous highs as potential targets if price does give is the confirmation ion to enter. thank you
BINANCE:ADAUSDLong
by jojofang0901
25
Weekly Trade Recap: EURNZD +1.7%, GBPAUD +2.3% 03-25-22Hello traders: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 13 - 18th. EURNZD: Running for +1.7%, 1.7:1 RR Full analysis/forecast: GBPAUD: Running for +2.3%, 2.3:1 RR Full analysis/forecast: EURAUD: Out for +3.31%, 3.31:1 RR Full analysis/forecast: GBPNZD: Out for +1% profit, 1:1 RR Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
11
EURAUD Another Down Move Likely, Look For Bearish Price Action Hi traders: Also looking at EURAUD for more downside opportunities. We can see from previous forecast and analysis, price completed the continuation correction, and strong bearish impulse down, broke the previous lows. After such strong move, naturally price needs to correct in order to continue. We did see a lower time frame ascending channel, smaller H and S. This may be enough to push price lower, but also take into consideration a bigger consolidation may formed as well. So do be on the look out for these 2 possible scenarios to give price enough momentum to continue lower to the next lows Thank you
Short
by jojofang0901
22
EURNZD 2 Sell Development Scenarios Hello traders: Here on updating more on EURNZD's bearish price action. After the strong bearish impulse phase down, we can expect consolidation to form before the next possible continuations. Price has currently formed an ascending channel correction, and indeed a bearish development on the lower time frames has push down the price now. As we get close to the previous lows, 2 possibilities could develop: Either we can see price breaks the lows and continue down to the next higher time frame swing lows or makes a corrective up move to the previous highs simply evolving the structure to a bigger correction, then still look for bearish price action for sell. thank you
Short
by jojofang0901
26
Elliott Wave Analysis: USDJPY Yearly UpdateHello traders! Today we want to update our USDJPY chart from January 2021, when we mentioned and highlighted the bottom and bullish reversal with ending diagonal (wedge) pattern and weekly bullish engulfing candlestick formation. As you can see on the left, since then USDJPY is in massive and impulsive weekly rally within a five-wave cycle, where we are tracking final wave V. However, looking at the smaller time frame, in the 4-hour chart on the right, we can still see it trading in an extended wave V, which should be completed by a five-wave cycle of the lower degree. That being said, seems like USDJPY has room for more upside, but currently it can be finishing wave (III) of V around EW channel resistance line, so be aware of a pullback in wave (IV) that can occur anytime soon. Once USDJPY starts sharply falling back below EW channel support line, this is when we can start tracking a correction in wave (IV), where ideal support would be around December 2016 highs and 118 area. Trade well! If you like what we do, then please like and share our idea. 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.
by ew-forecast
3
USDCHF Look For Bearish Move hello traders: USDCHF has a nice bearish development in the last week. WE can see price has moved up correctively to the top of the higher time frame channel structure, formed an ascending channel. Within, we can see lower time frame head and shoulder reversal, and price had a strong bearish impulse phase down. Latest development shows a possible correction after the down move, this could help the price to continue lower down to the next lows. Look for more bearish continuation correction on the lower time frames for possible sell. thank you
Short
by jojofang0901
32
AMAZON Lookin to Advance Higher - Elliott WaveHi Elliotticians, Amazon.com is making a bullish impulse on the weekly time frame, and can currently be ending a corrective wave IV of a higher degree near the Fib. ratio of 0.382 and 0.50. A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway. Alternate scenario indicates a completed bullish impulse at current highs, which means we may expect a minimum three-wave reversal. Trade well.
NASDAQ:AMZN
by Gravity33