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Impulse

WHEAT in leg v of a bearish turn - Elliott waveWHEAT is trading in a five-wave decline for a higher degree wave 1 or A from 831 high. We also see that price broke below the lower corrective parallel channel line, which is a confirmation that a temporary high is in place, and a change in trend underway. At the moment we are tracking a sub-wave v of 1/A, down from 795 lvl., where a corrective sub-wave iv had ended (fib. ratio of 0.382 and 0.50 reacted as resistance). Sub-wave v can reach area near the 776/771 lvls., before an a-b-c move for a bigger 2/B correction may follow.
CBOT:ZWH2022
by Gravity33
WHEAT turning bearish for a lesser five-wave move - Elliott waveWHEAT (Mar 2022) is trading as expected, turning in impulsive fashion down from 831 high of a former higher degree wave C. We labelled a five-wave move in progress for a higher degree wave 1 or A; sub-wave iv correction can now be underway, with possible resistance at the Fib. ratio of 0.382 or 0.50. Also the upper side of the lower parallel corrective channel line can react as resistance, and the former swing high of a wave b (796'2 lvl.). A sharp break below the 782 lvl. would suggest a completed minor correction and sub-wave v underway. An impulsive fall, followed by a break bellow the lower corrective parallel channel line indicates a bearsih turn on the intra-day chart of wheat.
CBOT:ZWH2022
by Gravity33
USDCAD Higher Time Frame Bullish Outlook Hello everyone: USDCAD's higher time frame is looking very clean for further upside opportunity in the weeks/months to come. After the initial bullish impulse phase from 2016, price falls into this current large parallel channel structure on the higher time frames, with a few swings highs and lows. We can clearly see a few corrections and impulses within this larger structure, which makes it a good sign for possible continuation from the previous impulse phase. We can also see price has created a double bottoms and there is reversal price action form the bottom of the HTF structure, a nice reversal impulse up move from the price. On the lower time frame, after the reversal impulse up, We can see a continuation correction to give us a good confirmation for further up move. IF the LTF correction breaks up further, and expect further upside if bullish price action continues. Thank you
Long
by jojofang0901
27
What's your view on the USD ? Bullish or Bearish ? Hi everyone: What is your current view on the USD ? There seems to be an fairly equal amount of buyer and seller point of view and bias on whether the USD will continue gain strength or possible reverse and become weak. Many different opinions, different view points based on fundamental, technical and more. All could have their good valid points. So, lets take a look at what I see from all these from a technical point of view ? Here is my personal point of view at the current price action development. I will show what could be a view possible scenarios of the USD based on price action analysis. After the previous bullish impulse phase up, price since November 2021 has been consolidating within this correctional phase. As we know how the market tends to move after a consolidation period, its likely to resume an impulse phase, but whether that can be continuation, or reversal is the tricky part of price action analysis. Last week, we saw mid way through the week price has push down impulsively, broken out of the original structure most of us saw at the time. But came Friday, when price had a bit of sharp reversal on the lower time frames. At this point, its whether to determine the USD is now reversing to the upside on the LTFs, and potentially resuming its bullish trend from previous impulse phase. or price is just having a quick pullbacks, but if consolidate and form correction, could still possible resume the downside reversal trends. Time will tell and give us a better development of the price, then it can confirm the bullish continuation, or the bearish reversal of the USD. Personally, my bias is more looking for upside, bullish continuation. So I do want to see whether the LTFs can form bullish price action and continue to push the price and eventually complete the correction to go higher. Welcome to share your analysis, view point, and opinions. :) Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
TVC:DXY
by jojofang0901
30
S&P500 In a correction, within downtrend - Elliott waveS&P500 may have found a temporary low at the 4223 lvl., as price made a sharp reversal afterwards, which we think is a corrective wave (4) in progress. Possible resistance for wave (4) is at the Fib. ratio of 38.2 and 50.0 and at the lower parallel channel line (4425/4486 area). A new sharp, impulsive decline from the mentioned resistance area, would suggest a completed correction, and wave (5) of A underway. If current bounce gets deeper and more complex, then higher degree wave A could have found a low at the 4223 lvl. and a bigger correction as wave B is underway. In this case wave B correction would retrace higher.
SP:SPX
by Gravity33
Wheat Taking The Bullish Move - Elliott waveWHEAT (Mar 2022) found a low for a corrective wave B at the 776 level, near the Fib. ratios of 0.382 and 0.5, which can also react as support, and bounced sharply higher. A sharp rally above the upper parallel channel line, and above the former high at 803 lvl. is an indication that bulls are in control, and that correction is completed. We are now tracking a five-wave rally, a new impulse labelled as wave C, which can target the upper parallel channel line, connected from the high of A. 825/835 area can be seen, and can be achieved in a five-wave fashion as previous wave A.
CBOT:ZWH2022
by Gravity33
Weekly Trade Recap: DOW, AUDJPY, NZDJPY, AUDUSD, GBPUSD 01-22-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. US30: Out for +4.59% Full analysis/forecast: ZDJPY: Out for +2.09% Full analysis/forecast: AUDJPY: Out for +1.47% Full analysis/forecast: AUDUSD: Out for +1.94% Full analysis/forecast: GBPUSD: -1% loss Full analysis/forecast: UKOIL: -1% loss 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. :) Jojo DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
by jojofang0901
41
S&P500 in a five-wave drop; wave 3 is strong - Elliott waveS&P is making a five-wave drop from the 4819 high; we see current sharp drop as wave (3), with possible support around the 4350/4360 lvl., from where a new wave (4) correction can start unfolding, and look for resistance at the middle parellel channel line. Alternate scenario: Wave (3) is very sharp, which means price could extend wave (3) and deeper levels can be seen, before a correction of a wave (4) of red wave A may show up. In this case possible support for wave (3) is around the 4350/4278 region, level of a former higher degree wave 4.
SP:SPX
by Gravity33
AUDUSD in a temporary correction - Elliott wave Hi, AUDUSD made a sharp, five-wave rally from March of 2020, which can suggest a bigger, bullish picture. After a five-wave move, a three-wave correction follows (in this case a double zig-zag: w-x-y). Possible support is at 0.699, where wave 4 sits. Fibonacci ratios of 0.50 and the lower parallel channel line can offer support, too. A new impulsive rally above the 0.755 lvl. could suggest a completion of the correction, and more upside.
by Gravity33
SPX500 Once Again at ATH, watch for bearish reversals Hello traders: Here on S & P 500, we can see price is at the top of the overall higher time frame structure. This consolidation has been going on for quite sometimes, and many often when price hits the highs, we often see reversal of bearish price action. Now as we can see on the lower time frame, there is bearish reversal development within the HTF structure, and a strong bearish impulse down. Now, to confirm further downside, wait for continuation correction to form and complete, before looking for entry down Thank you
OANDA:SPX500USDShort
by jojofang0901
39
Crypto Market Total Cap In A Nutshell Hello traders: Most of the major markets suffer a bearish drop on Friday, and crypto market is no exception here. Lets take a look at the overall development right now from a price action point of view. We can see price has managed to push above the ATH temporarily, but failed to continue higher with any bullish price action. Instead, what we have here is bearish reversal price action in the making. A Potential double tops, price formed a Head and Shoulder at the top of the overall price action, signaling a possible bearish reversal. What we can expect is price to continue its bearish momentum from the top, if we get another bearish consolidation to form and complete. This can likely lead to another impulse phase to continue the down move to the previous lows. This is likely to affect some or most of the other crypto currency out there, so be on the look out for more bearish price action to come. Thank you
CRYPTOCAP:TOTALShort
by jojofang0901
51
DOTUSD Fail To Continue After ATH, Reversal Possible Hello traders: Similar like ETH, we can see DOT's price has reach ATH, but did not continue upwards after. Instead, we see a potential double tops, and a Head and Shoulder developing. Good signs of bearish reversal possibility. Wait for the right shoulder to develop, as a bearish continuation correction on the lower time frame, that can be the confirmation to enter if price develops into the right price action. Thank you
KRAKEN:DOTUSDShort
by jojofang0901
24
Stellar short term bearish setup Hello traders: Looking like the the crypto market are showing signs of bearish price action on the lower time frames. Here on XLM, we can see that after the previous higher time frame bearish impulse down, we have a larger bearish structure developed. WE then see a another bearish impulse down out of the structure, good signs of further downside potential. Now that we formed a lower time frame correction, expecting another bearish development that can push the price down to the next swing lows. thank you
BINANCE:XLMUSDShort
by jojofang0901
10
Did You Short Crypto Like I Told You ? Hello traders: Most of the market are rather bearish in the last week or so, and crypto is certainly dropping like what we expected. From beginning of December 2021, I have already been discussing the possibility of short on most of the crypto from a technical, price action point of view. After my original idea of a short when price is on route to finish the ascending channel reversal, we indeed see the impulse phase down. After, a consolidation correction form, and another impulse phase pushing down, breaking the previous lows. What's likely to happen here is another consolidation that can confirm the downside move to the Next swing lows. Be patient here as price is likely to correct, so don't enter unless confirmation is met. Thank you Dec.01.2021 Forecast/Analysis DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
CRYPTOCAP:TOTALShort
by jojofang0901
9
Did you capitalize the USD ? More Opportunities to comeHello traders: I have been discussing and sharing all the USD forecasts and analysis for the past few weeks with the bias of strength in them. WE are now seeing most of the USD pairs doing exactly that, and many got in on the impulse phase of the market condition from my community. I will be going over all the major USD pairs from a technical, price action point of view. Specifically from the higher time frames, down to the lower time frames, multi-time frame analysis. Let's take a detail look into some them that looks the cleanest: DXY - Originally Forecast/Analysis: AUDUSD - Originally Forecast/Analysis: NZDUSD - Originally Forecast/Analysis: EURUSD -https://www.tradingview.com/x/LYWYGZRY/ Originally Forecast/Analysis: GBPUSD - Originally Forecast/Analysis: USDZAR - Originally Forecast/Analysis: Thank you Jojo DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my channel name and group name to show unrealistic results and profits to sell you scams.
by jojofang0901
18
USDZAR Watch For Bullish Continuations Hello traders: Just like most of the USD pairs we see across the market is strength in USD, USDZAR is also showing good development for possible bullish continuations. We can see after price made a bullish impulse up, it then start to correct and develop into a flag like structure. As we know these type of correction usually give us a another continuation impulse phase once the correction completes. The latest development shows a smaller, lower time frame descending channel, correct the price down, before a reversal impulse on the lower time frame. To confirm further upside, watch for price to correct into a bullish continuation correction on the LTFs, and look for the entry up to the highs. thank you
Long
by jojofang0901
27
NZDUSD More Bearish Development Hello everyone: Also watching out for NZDUSD for the potential downside move. We can see similar price action here like AUDUSD, as price had the same bearish impulse down, and formed into a larger consolidation. Here on NZDUSD, after the expanding structure was formed, price also formed a smaller reversal correction at the top. All good development here for the bearish market to continue. Price is now at the bottom of the smaller reversal correction, good idea to wait for price to impulse down, out of the correction, and form further continuation price action before confirming the sell down thank you
Short
by jojofang0901
10
Can Covid-19 Sell off Happen Again ? Hi everyone: Most of the Indices are currently around ATHs, and forming similar bearish reversal price action across the higher time frames. What we can see from previous Sell off in the market in the Feb 2020, price made the same ascending structure, correctively moving the price up. Then, we see strong bearish reversal impulse phase, crashing the price. I cant help to point out basically all the US indices at this moment is looking like its repeating its same development in Feb 2020, which I will include other screenshots below. Certainly with backtesting, there are many opportunities to get in on the sell when the market start to drop on the lower time frames. So next few weeks are important, even though we are getting close to Christmas and New year, market tends to be slow and low liquidity, however, the news on the new variant of the virus and many Countries' policy to close down businesses, reducing hours, new restrictions may impact the global market. Lets see how the market reacts next 2 weeks and on to 2022. Remember, plan your trade, trade your plan :) Thank you DOW: SPX: NASDAQ:
OANDA:US30USD
by jojofang0901
47