THETA Volume price retest !!!The price is still in the global buy zone 0.852-0.346
Buy level was 0.583
Local buy zone left 0.747-0.423
the buying level was 0.588
The zone of chic purchases 0.696-0.521, unfortunately or fortunately, was also safely left!
Volume price is 0.728
This level is currently being retested!
This is a weekly entry point if taken by the books!!!
Impulse
Impulses and zones 2In the first part, we got two zones from the impulse: Global, in it we will look for a level for selling and buying! and Control, now we set the impulse 32401.86-29221.55 in this zone, and again we get two zones: Control and Local 17613.94-14474.71
and Buy Level 16216.72
At this level, on a daily timeframe, you can close a sell and open a buy!
In the third part we will go down 4 hours, and we will define another zone!
The volume price of another exchange is located in our buy zone.
The average price of the volume turned out to be $500 higher than our level!
Impulses work on any charts and time!
BTCUSD Taken for a visual example!
Impulses and zones 1I set the grid to the first impulse 69275.47-55114.24
The grid shows us two zones Control zone 34884.50-27753.44
The global buy zone is 17972.86-14968.03, it is in this zone that we close the sell and open a buy
Now we need to narrow down the buy zone. Watch "Impulses and Zones 2"
If you make it on one decanter, you get porridge!
An interesting fact: on the chart of this exchange, the volume price is 19207.35
and on another exchange 16752.88
The difference is 2455.
📈🐂 EURUSD Technical Analysis: Bouncing on Demand Zone! 🚀🐂Hey traders! 🐂📈 Exciting times ahead as we've got a bullish setup on the EURUSD forex pair in the 1-hour timeframe. Let's dive into this opportunity! 📈🐂
💹 Demand Zone Bounce: The price action bounced strongly on the demand zone, indicating an area where institutions have placed their orders and are likely to defend this level.
📈 Descending Channel Breakout: Adding to the bullish momentum, the price broke out of a descending channel and retested it successfully, signaling the start of a highly potential bullish impulse.
💡 Take Profit Zones: As we ride this uptrend, my take profit zones are strategically placed at 1.11300, 1.12000, and finally, my target at 1.12600. Keeping an eye on these key levels is essential for managing the trade effectively.
🧐 Remember, trading requires careful analysis and risk management. Let's keep a close eye on this setup and make the most of potential trading opportunities. Wishing you success in your trading journey!
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful🚀
EUR/USD Price Completes Impulse SequenceIt's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave.
It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E failure. Waves 1 and 5 are relatively equal. It's safe to say the bullish bias is over and we can expect the price to correct lower as a corrective pattern( zig-zag, flats, or complex corrections.
EURUSD I Impulse correction comingWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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SP500 Is Looking Higher By Elliott Wave TheorySP500 is looking higher for wave 5 of (5) of a five-wave bullish impulse by Elliott wave theory.
SP500 is bullish from 4100 area, an impulse that can resume even higher as the current sideways price action at 4360-4500 area appears like a corrective fourth wave, possibly a triangle or flat, but in either case more gains can be seen this month. Hidden divergence also suggests that price can be looking for a support soon. Support is at 4368, for a more complex and deeper w. 4.
EURNZD I Short to middle of channelWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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BCHUSD Is Pointing Higher Within A Bullish ImpulseBitcoin Cash with ticker BCHUSD is one of the first weaker ALTcoins with a massive recovery away from the lows. In the 4-hour, we are tracking wave 4 correction after a completed an extended wave 3. It's bouncing sharply and strongly from projected support after a three-wave (A)-(B)-(C) corrective setback in wave 4. So, seems like wave 5 is now underway that can send the price up to 350 – 400 area.
AUDJPY - from Daily to M30📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for AUDJPY.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Apple (AAPL) Breaking Higher Suggesting Further UpsideShort term view in Apple (AAPL) suggests the rally from 3.2.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.2.2023 low, wave 1 ended at 166.84 and dips in wave 2 ended at 159.78. The stock extends higher again in wave 3 towards 184.95 and pullback in wave 4 ended at 182.6. The stock has turne dhigher in wave 5. Up from wave 4, wave (i) ended at 185.2 and dips in wave (ii) ended at 183.07. Stock resumes higher in wave (iii) towards 187.24, and pullback in wave (iv) ended at 185.01. Final leg wave (v) ended at 187.56 which completed wave ((i)).
Pullback in wave ((ii)) ended at 185 with internal subdivision as a flat structure. Down from wave ((i)), wave (a) ended at 186 and rally in wave (b) ended at 188.05. Wave (c) lower ended at 185 which completed wave ((ii)). The stock resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 186.15 and dips in wave (ii) ended at 185.27. The stock resumes higher in wave (iii) towards 189.9 and pullback in wave (iv) ended at 188.29. Near term, as far as pivot at 182.6 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
ELLIOTT WAVE STRUCTURE BASICShere is some basic principles to discern between Corrective and Impulse. For corrective waves, it helps contextually to have a wave prior to measure the timing and retracement to. A simple way to tell the two apart is their retracements either do or do not intersect each other. A trending impulse wave will never have wave 4 enter wave 1's territory, and never surpasses 2. Otherwise the wave count is incorrect.
The left-most corrective waves (ABC) are generally classed as 2nd wave structures, and the corrective waves on the right (ABCDE) are generally wave 4s. important to actually do the homework and chart the waves, and the waves within the waves. With many revisions, will notice that waves in whole are congruent within the structures within, and so forth. aka fractals.
S&P 500 ETF (SPY) Elliott Wave Sequence Remains BullishShort term, SPY favors higher in impulse Elliott wave sequence started from 5.04.2023 low and expect further strength to continue in wave 3. SPY finished wave 1 at 417.62 high started from 3.13.2023 low. It placed ((i)) at 402.49 high and ((ii)) at 389.33 low as 0.618 Fibonacci retracement. It finished ((iii)) of 1 at 416.06 high and ((iv)) at 403.78 low. Finally, it ended ((v)) at 417.62 high as wave 1. It corrected lower in 2, ended at 403.74 low as 0.382 Fibonacci retracement of wave 1. Above there, it favors higher in wave 3 and expect further strength to continue before correcting in 4. Within wave 3, it placed ((i)) at 420.87 high and ((ii)) at 409.88 low as 0.618 Fibonacci retracement of ((i)).
Above 409.88 low, it favors higher in ((iii)) of 3. It placed (i) at 422.99 high and (ii) at 416.22 low. It finished (iii) at 443.90 high, in which it ended i at 429.67 high, ii at 425.75 low, iii at 439.06 high, iv at 433.59 low and v at 443.90 high as (iii). It proposed ended (iv) at 435.03 low. Within (iv), it placed at 440.01 low, b at 443.25 high and c in zigzag at 435.03 low as 3 swing reaction lower. Above there, it favors higher in (v) to finish ((iii)) of 3. As long as price remain above 409.88 low of ((ii)), it expects at least one more high. Alternate view can be ended ((iii)) at last high and correcting in ((iv)) as double correction, which may extend lower below 435.03. In that case, it can find support at next extreme areas before upside resumes.
EURUSD I Correct downward to support Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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GBPAUD- from Weekly to H1📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for GBPAUD.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DAX Incomplete Elliott Wave Bullish Sequence Favors HigherShort Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 15726.5 and wave ((b)) ended at 16079.73. Wave ((c)) lower ended at 15629.12 which completed wave 4. Index has resumed higher in wave 5.
Internal subdivision of wave 5 is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave 4, wave ((i)) ended at 16114.84 and pullback in wave ((ii)) ended at 15909.85. Index then resumes higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16020.28 and wave (ii) ended at 15913.95. Expect the Index to extend higher 1 more leg to complete wave (iii), then it should pullback in wave (iv) before it resumes higher again. Near term, as far as pivot at 15629.38 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
GBPCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments!
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Tesla (TSLA) Elliott Wave Bullish Sequence Suggest Further RallyTesla (TSLA) has broken above 2.16.2023 peak at 217.65. The stock now shows a bullish sequence from 1.6.2023 low favoring further upside. Near term, cycle from 5.24.2023 low is currently in progress as a 5 waves impulse with extension Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 204.48 and dips in wave ((ii)) ended at 195.12. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 197.53, wave (b) ended at 202.99, and wave (c) lower ended at 195.12. This completed wave ((ii)) in larger degree. The stock then resumes higher in wave ((iii)).
Up from wave ((ii)), wave (i) ended at 205.99 and pullback in wave (ii) ended at 199.37. Tesla then extends higher in wave (iii) with internal subdivision as another impulse in lesser degree. Up from wave (ii), wave i ended at 209.8 and dips in wave ii ended at 206.78. Wave iii ended at 218, pullback in wave iv ended at 212, and final leg wave v ended at 221.29 which completed wave (iii). Pullback in wave (iv) is now in progress in 7 swing and can reach 207 – 211 area before finding support for further upside. As far as pivot at 195.12 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
Elliott Wave Forecasts Nasdaq (NQ) to Continue HigherShort term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below shows the rally within wave ((iii)). Up from wave ((ii)), wave i ended at 13494.25 and dips in wave ii ended at 13310.50. Wave iii ended at 13960.25, wave iv ended at 13794.25, and final wave v ended at 13979.25 which completed wave (i). Index then pullback in wave (ii) which ended at 13563.60.
The Index extended higher again in wave (iii) towards 14570 and pullback in wave (iv) ended at 14336.75. Expect Index to extend higher in wave (v) to complete wave ((iii)). Afterwards, it should pullback in wave ((iv)) to correct cycle from 5.4.2023 low before the Index resumes higher again. Wave ((iv)) typically ends at 23.6 – 38.2% Fibonacci retracement of wave ((iii)). The target can be measured after wave ((iii)) is confirmed complete. Near term, as far as pivot at 13563.6 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
Elliott Wave View: NVDA Bullish Momentum Looking for More UpsideShort term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree. Up from wave ((ii)), wave i ended at 276.6 and wave ii ended at 273.80. Wave iii ended at 287.55, pullback in wave iv ended at 283.50, and final leg wave v ended at 292.20 which completed wave (i).
Pullback in wave (ii) ended at 280.42 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 284.5, wave b ended at 291.13, and wave c ended at 280.42. This completed wave (ii). The stock has resumed higher in wave (iii). Up from wave (ii), wave i ended at 298.70 and pullback in wave ii ended at 291.84. Wave iii ended at 318.24, pullback in wave iv ended at 312.50, and wave v higher ended at 319.08 which completed wave (iii). Pullback in wave (iv) ended at 306.80 with internal subdivision as a zigzag. Near term, while above 306.80, and more importantly above 280.42, expect stock to extend higher.
Elliott Wave View: S&P 500 (SPX) Has Started Wave 5 Higher Short term Elliott Wave View in S&P 500 (SPX) shows the Index ended wave 3 at 4186.92 and pullback in wave 4 ended at 4048.4. Internal subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4089.72 and rally in wave ((b)) ended at 4148.3. Final leg wave ((c)) lower ended at 4048.47. The Index has resumed higher and broken above wave 3, confirming that wave 5 has started. Wave 5 is unfolding as a 5 waves impulse structure with an extension.
Up from wave 4, wave ((i)) ended at 4147.02 and pullback in wave ((ii)) ended at 4098.92. The Index then resumes higher again in wave ((iii)) in 5 waves of a lesser degree. Up from wave ((ii)), wave (i) ended at 4147.32 and dips in wave (ii) ended at 4099.12. Up from there, wave i ended at 4141.25, wave ii ended at 4109.86. Wave iii ended at 4186.2, wave iv ended at 4160.04. Final leg wave v is expected to end soon which should complete wave (iii). Afterwards, it should pullback in wave (iv) before the rally resumes again. Near term, as far as pivot at 4048.47 low stays intact, expect pullback to find support in 3, 7, 11 swing and Index to resume higher.
GBPNZD I Impulse flag and continuation
Welcome back! Let me know your thoughts in the comments!
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