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Impulse

NASDAQ100 Slows Down For An Intraday CorrectionNasdaq100 is in strong bullish trend and there can be room for more upside within a projected intraday five-wave bullish cycle. Nasdaq100 futures recently slide as Alphabet shares drop on disappointing Google ad revenue. However, that's pretty nice textbook 17300 - 17200 support area within an (a)-(b)-(c) correction for wave "iv", so ahead of today's FED meeting, be aware of a bullish continuation for wave "v". Invalidation level is at 17050.
CME_MINI:NQ1!Long
by ew-forecast
GBPUSD Points Higher After A ConsolidationCable has seen some nice recovery at the end of 2023; move that is looking impulsive so more gains can be seen after the corrective retracement that is now underway. Ideally, that's wave four correction, a higher degree pullback that can sooner or later send prices back to the highs, possibly already now after first support for a triangle near 1.26 held, but we still need broken upper triangle line near 1.2750 to make sure that fifth wave up is in play for 1.29-1.3 Deeper support is at 1.25 if 1.26 flor is broken.
Long
by ew-forecast
3
What Color Is Your Tesla 🚘Hello TradingView Family / Fellow Traders, On Weekly: Left Chart TSLA has been hovering inside a range between the $200 support and $300 resistance. Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support. 🏹 Hence , as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes. On H1: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0 📉 Meanwhile , TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NASDAQ:TSLALong
by TheSignalyst
2
HelenP. I After correction, Euro can come back to $1.1000 levelHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago rebounded from the trend line and rose to the 1.0740 support level, which coincided with the support zone, but at once bounced and made correction back to this line. Later price rebounded from the trend line again and finally broke the 1.0740 level and even rose to the 1.1000 resistance level, which coincided with the resistance zone and tried to break it, but failed and in a short time declined to support level, breaking the trend line. Then Euro bounced from this level and made a strong impulse up to 1.1135 points, thereby breaking the trend line and resistance level one more time. But the price cannot fixed and soon declined lower than the 1.1000 level with the trend line, breaking their again. Next, EUR rose to a resistance level, and a not long time ago it rebounded down. For this moment, I expect that the Euro will come back to the 1.1000 resistance level, therefore I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
HelenP. I After strong impulse up, Ethereum can start to declineHi folks today I'm prepared for you Ethereum analytics. A not long time ago price started to trades in consolidation, where it at once declined to the support zone, which coincided with support 2. After this, ETH rebounded from this zone and tried to rise more, but failed and fell back to this zone. Price some time traded in this zone and later ETH bounced from this zone again and rose to 2340 points. Then price made a correction to the top part of the support zone and then rebounded up to support 1, which coincided with one more support zone. After this price made little correction, rose back to this level and at once declined to support 2. Later price bounced from this level and soon made a strong impulse up to 2670 points, thereby breaking support 1 and exiting from consolidation. Now, I expect that Ethereum will make a correction, after a strong impulse up. For this case, I set my target at the 2530 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
After strong upward movement, BTC can correct to support levelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades in an upward channel, where it at once rebounded from the resistance line and declined to the support line, breaking the 43200 support level, which coincided with the support zone. After this, the price tried to rise to the support zone, but failed and soon it bounced from this zone and declined back to the support line of the channel. Next, BTC repeated movement up, and this time, the price broke the support level. But later price in a short time declined to support line of the channel, after which BTC made impulse up to the 45700 resistance level, which coincided with the resistance line of the channel and seller zone. Then price declined back to the support line and soon made a strong upward impulse to 48000 points, thereby exiting from the channel and breaking the resistance level. After this movement, BTC recently started to decline and at the moment it trades below the 45700 level. So, possibly Bitcoin can continue to decline to support level. Therefore I set my target at the 43200 support level, and then we'll see where BTC continues to move. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
GBPJPY I Impulse Correction with Caution Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
Bitcoin can correct to support line and then make upward impulseHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago reached the 36800 support level, which coincided with the buyer zone and in a short time broke it. Then BTC rose a little more, but soon it made a correction back, after which it entered to upward pennant. In pennant, the price at once rebounded from the support line and made a strong impulse up to the current support level, which is located in the support area. Later BTC broke this level too and continued to move up to the resistance line of the pennant. After it reached this line, the price around down and in a short time declined to the support line, breaking the 41600 level, but a not long time ago it backed up. As well recently, Bitcoin reached the resistance line of a pennant, after which it rebounded to the support area. And now BTC continues to trades near this area and in my mind Bitcoin can correct to support line of pennant and then make an upward impulse, thereby exiting from this pattern. For this case, I set up my target at the 44100 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Elliott Waves Suggests USDMXN Can Be A Nice ShortHey folks, In this article, I’ll give you an update on USDMXN, which we’ve talked about before. You probably noticed that the Mexican Peso (MXN) has been quite strong for the past couple of years, mainly because of higher interest rates compared to other places, USDMXN short was a good carry trade. However, things have started to shift a bit recently. Inflation in the US went up a bit due to rising energy costs, and some folks thought the Federal Reserve (FED) might keep a tough stance (hawkish) on monetary policy. This pushed the US Dollar higher along with yields. But now, there’s a new element in the mix – the geopolitical tension between Hamas and Israel. This situation can make the markets super jumpy and volatile. I’m not so sure if the FED can keep its hawkish stance in such a shaky environment. Keep in mind, during a conflict or war, a government might ease up on its tough policies to fund the war effort and get cheap financing. So, I’m wondering if it might be the right time to expect USDMXN to continue its downward trend. In fact, the pair has dropped this week, especially after markets opened with some gaps in various assets. From an Elliott Wave point of view, we can see a decent corrective rise from recent lows, a clear fourth wave move up to the 38.2% Fibonacci resistance. We’re seeing a turnaround from there, and if we break key rising trendline, more bears could join the party. This makes sense since the overall trend is still bearish as long as the price stays below the 2022 trendline resistance. So, I think a fifth wave down might be just around the corner, and it could happen quite quickly, especially if the US Dollar’s trend changes, which is possible if stocks would stay in risk-on mode till end of the week.
Short
by ew-forecast
Broken Trendline Keeps USDMXN In Downtrend For Wave 5Broken Trendline Keeps USDMXN In Downtrend For Wave 5 from technical point of view and by Elliott wave theory. USDMXN shorts are doing very well as we mentioned and highlighted on October 12, when we spotted a corrective recovery in wave (4). As you can see today, USDMXN turned nicely down from projected resistance and it can be headed much lower as bulls failed to break above the daily trendline resistance in October. So this was seen as a corrective and temporary bounce; wave (4), which puts wave (5) in action after broken trendline support, so weakness is ready to resume, ideally down to 16.00.
Short
by ew-forecast
4
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1