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.
Impulse
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
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
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
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
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.
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.
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
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
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:
AUDUSD Can We See Further Down Side ?
Hello trader :)
Here we are in 2022. Very happy to be here once again to start putting out analysis and forecast.
All my family is safe and sound and happy to include one more member in our family.
First post of 2022, lets get start with AUDUSD.
We can see after price made a strong bearish impulse down, price begin to fall into a correction.
It slowly move up correctively, but no bullish confirmation or impulse up.
Instead after the last 2 weeks of 2021, price seem to be developing within the larger correction,
and at the top of the structure, we have pattern with pattern, good signs of further bearish potential.
Since price is pushing down now, best way to capture a downside would be wait for the next impulse down,
out of the larger correction, and wait for smaller, lower time frame continuation to confirm the sell
thank you and happy new year to 2022 :)
Lets go !
Jojo
NZDJPY Same Bearish Price Action to sell
Hello traders:
Expecting the same development here on NZDJPY.
Very similar price action as NZDUSD that I posted earlier.
Same bearish momentum pushing the price down after a strong bearish impulse, and has now formed the bearish ascending channel reversal at the top.
We can see price isn't pushing higher, nor any bullish price action developed. Instead its more giving us a bearish continuation from the overall price.
Watch for more commitment of the bearish price and look for continuation on the lower time frame as a confirmation would be ideal to sell.
Thank you
NZDUSD More Room To Downside
Hi everyone:
Similar price action like AUDUSD, we can see NZDUSD is also shaping up for another bearish impulse down.
After price completed the HTF correction structure, we see the bearish reversal impulse phase pushing the the price.
Clearly it has broke out of the correction, and is now consolidating on the lower time frame.
This is good indication for forther downside momentum, when the correction completes, watch for sell entries down to the previous lows.
thank you
GBPJPY - SHORTThe price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell! Our target is to shake out stop orders in the Demand Zone.
GBPJPY - SHORT
ENTRY PRICE - 157.230
SL - 158.500
TP1 - 152.500
TP2 - 148.300
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
UKOIL - SHORTThe price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell!
UKOIL - SHORT
ENTRY PRICE - 85.35
SL - 87.30
TP1 - 79.30
TP2 - 74.60
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
EUR/USD - Bearish ↓Eur/Usd
Expecting more downside on EU.
Weekly Time frame -
Structure is bearish making LL & LH
Rejected the descending trend line & 61.8% Fibonacci
Looks like the end of wave 4
Daily time frame -
Price action is in a correction after an impulse to the downside
ABC correction of wave 4
Price did break out of the descending trend line temporarily but closed back inside creating the rejection on the weekly.
Keeping in mind that we do have the 78.6% Fibonacci above current price which aligns with previous structure. I will be monitoring price action and looking for sell entries on the H4 & H1 to complete wave 5 of this impulsive wave. Targeting the -27% Fibonacci.
This correlates with the DXY chart i posted last week expecting USD strength
Weekly Trade Recap: AUDUSD, AUD&NZDJPY, DOW 01-15-22Hello 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.
NZDJPY: Running about +2.5%
Full analysis/forecast:
AUDJPY: Running about +2%
Full analysis/forecast:
AUDUSD: Running about +2%
Full analysis/forecast:
US30: Running about +1%
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.
How to analyze any market from scratch (Impulse & Correction) #2Hello everyone:
I received positive feedback on the last video on how to analyze the market from scratch,
and many have told me to make more of these similar contents. So here we go :)
I will go through multiple examples of how I would analyze the market by following these simple steps:
Multi-time frame analysis (Top Down Approach) Start from HTF to LTF
Identify the Impulse Phase and Correction Phase
Identify whether the Corrections is Continuation or Reversal
HTF Bias > LTF Confirmation > LTF Entry
Any questions, comments or feedback welcome to let me know :)
Thank you
How to analyze any market from scratch #1
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.
EURGBP Bottom of structure, watch for reversal
hello traders;
EURGBP is at the bottom of the higher time frame structure, and there could be opportunity of a bullish reversal.
We can see price has mostly been correcting within the larger HTF descending structure.
Every time when price hits the bottom, if there's reversal correction on the lower time frame,
we do indeed see the bullish reversal impulse phase, pushing the price higher.
This time is no exception, as we can there is some consolidation again at the bottom,
what we can wait for is the price commit to the upside with a impulse up, follow by continuation to confirm the next bullish reversal up move.
thank you
Weekly Trade Recap: DOW +1%, AU +1.4%, NJ +3%, AJ +0.6% 01-11-22Hello everyone:
Welcome to this week’s trading recap video.
I wasnt actively trading in the last 2 weeks of December 2021, but is back for our regular trading and recaps.
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.
NZDJPY: +3%
Full analysis/forecast:
AUDUSD: +1.4%
Full analysis/forecast:
AUDJPY: +0.6%
Full analysis/forecast:
US30: +1%
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
Jojo
Thank you ALL for the feedback, support and likes.
ITs your positive engagement that will motivate me to create more trading analysis, forecast, live streams updates, educational contents, and much more continuously in future.
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.
EUR/JPY - Short PositionToday the price brake 4h uptrend line with good impulse to the down side!
I already add my position at the brake but now the price is goind to make correction and it will be good chance to add one more sell position and hold it to Daily level.
I am not financial adviser! Trade smart!
GOLD Bearish Forecast and Outlook
Hi everyone:
GOLD hasn't been on my watch lately, as I thought price hasn't develop anything that would fit my plan to enter.
Now, the recent development is interesting and we could potentially get some bearish bias in the market that can confirm downside.
What we are seeing here is some pattern separation of the price.
After the initial bullish up move, price failed to continue higher, instead a bearish reversal impulse down.
The latest price action shows us the price is in yet another consolidation, but more ascending like.
Good indication of a bearish down move when price finishes correcting.
Watch for lower time frame downside, follow by continuation before entering.
Thank you ALL for the feedback, support and likes.
ITs your positive engagement that will motivate me to create more trading analysis, forecast, live streams updates, educational contents, and much more continuously in future.
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.