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Impulsewave

ORBEX:SPX,DXY - Equities Upbeat As Phase-1 Agreed in PrincipleIn today’s #marketinsights video recording, I talk about China's comments on Phase-1 of a potential trade deal with the US and last Friday's #NFP numbers. I look at the SPX and DXY as both are affected by the above events in a different way; the S&P500 remains upbeat on Friday's sentiment whereas the dollar index, although yields were seen ending the week higher, was a likely is going to remain under pressure on safe-haven outflows. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
TVC:DXY
by Orbex
ORBEX: EURGBP - Ready to Take Break-even Stops Lower?EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support this outlook, otherwise, fresh lows can be expected. Should prices move below minute a low the complex minor W,X,Y pattern could come to an end. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
Ethereum's (ETH) price will retrace - Short ($140)Ethereum's (ETH) price tested the Weekly Candle Close in range of ($189 and $196). The Colored zone is playing the role of a strong resistance level that will stop the price growth and forced to retrace in a downward direction to find support to hold on. Fundamentally last two weeks Ethereum's (ETH) price dropped more than 25% for a short time. BTC had a drop of more than 17%, those kinds of numbers are speaking of a new bearish trend coming. As I said in the last Ethereum's (ETH) prediction a bearish trend is coming. Historically diversification towards smaller assets indicates a future drop. The last few days altcoins had a growth of 10% shortly. To me, this is can be read as a signal for future drop and manipulation for the masses. ETH will retrace one way or another probably making new lows. Negotiations between the USA and China are taking place in those days. If a consensus isn't reached the stock market will drop 6 to 7%. The snowball effect will affect the crypto market as well. This will give more bearish momentum to the situation we are in right now. In my opinion, there will be no deal between the USA and China at that current moment. Technically Ethereum finished Five Impulsive Waves, calculated by Elliot Waves Theory on 29 of August. Price retraced more than 35% forming a 2nd wave up to $223. That means by Elliot Waves Theory that most likely we are in 3rd wave. An aggressive drop should take place. Last few days we had a retracment to $194. The retracement formed an ABC corrective movement which is a bearish sign. Ethereum's (ETH) price tested the Weekly Candle Close in range of ($189 and $196). The Colored zone is playing the role of a strong resistance level that will stop the price growth and forced to retrace in a downward direction to find support to hold on. On the other hand, on a 4H time frame, an Over Sold - Relative Strength Index (RSI) can be spotted. It means that the drastic movement has to retrace cause Over Sold condition is a bearish indicator. Ethereum's price is testing a 200-candle exponential moving average (EMA) on a 6H time frame. If the price can't reach above $198 at that moment a retracement is inevitable. Conclusion Ethereum's (ETH) price will retrace to find a solid support level. Strong support zones are price levels at $140, $137 and $125. Good luck! "If everyone is thinking alike, then somebody isn't thinking."
Short
by Kairos-Alpha
3
ORBEX: EURJPY - Successful Zig-Zag Could Validate ReversalIt looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y potentially ending near 116.76, where the 78.6% FR of the minute impulse is. In case it turns up sooner, we should be looking that happening from next week onwards, if not today, Friday. The current structure suggests that once this correction is done with, prices could continue up and end complete the 5-wave minute impulse at the 1.618% FE, where minor 1 is likely to form a corrective pullback pattern. We could look for short-term sells and then a reversal to follow the motive minute wave iii. Invalid below 115.88 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
ORBEX: GBPUSD - Should We Expect The Breakout To Continue?It looks like the corrective intermediate wave (C) completed its bearish course at1.1956. The recent attempt to push prices down brought the pair lower where it completed a corrective minor A,B,C at the round 1.22 level. As part of intermediate wave (2), the minor three-wave corrected down to the 61.8% golden ratio of 1.1956 bottom and 1.2588 top at 1.21943 - to be more precise. The current breakout could be the beginning of intermediate wave (3). Should the formation gets validated above 1.2588, the next stop for a breather would be near 1.2828 100% FE, then near 1.32. The structure suggests that once minor corrective low A and then B are taken out by bulls, chances of further upside would increase. This opportunity would be invalidated below 1.1956 with short-term signs of failure appearing below 1.2194 (unless if this turns out as a double zig-zag or other corrective structure) Expect short-term pullbacks for profit-taking Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
ORBEX EURUSD: Was This The End Of The Zig-Zag Correction?It looks like the primary W,X,Y zig-zag wave ended the longer-term bearish cycle correction starting on February 2018. Minor 5 of Primary Y wave ended with a diagonal triangle at 1.09275 level, which is the 1.618% FE of the 1.14-1.12-1.128 triangulation. Since prices broke outside the top of the triangle pattern and remained trading with a bullish rather than bearish bias (i.e. remained outside the pattern), the current structure could be a corrective minute wave 2. Should this scenario be supported by a higher break above 1.11, further upside could be seen, with next short-to-medium-term stops at 1.1285 and 1.1355. The current structure hints to an ascending triangle correction, the top-break of which would suggest a continuation to the upside. Although a decline to lower levels than the 61.80% FR at 1.0997 could weigh on bulls, the invalidation for the bullish scenario would come true only after a weakening of the 1.09275 market low. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
HKEX:3306, potential profit 22%HKEX:3306 is in a forth wave of a impulse, which is a classic triangles correction with the volume decrease at the end. The direction should be cleared soon and we expected the direct will go up because recently it can stand with volume above the shooting star (red line). For the target of this trade, as we are not sure if it is the third wave or the final wave of the impulse, we set the target from both Fib Extension from the third and the fifth wave. Coincidentally, the 3.618 of the third wave and the 1.618 of the fifth wave are nearly overlapped. Cut loss @14.58 Target @19.42 Buy in @current price
HKEX:3306
by Smith_by_VPPBSS
BTCUSD New growth wave is confirmedAt short and long term timeframes we received a moderate correction. This indicates that it is safe to buy after parabolic growth Despite strong resistance which we discussed in the previous analysis, the price continues to rise until Bulls begin to doubt their strength. The reason why Bitcoin's price is going up while there is a clear decrease stage is in the Bulls' confidence. The retest of $9 000 level was successful, it becomes clear to the whole market that there is nowhere to go lower while every minute is the last chance to buy cheaper. Next BTC move should be a sharp upward rally in case of bounce from the parabolic line After Cup & Handle was rejected there was formed an IHS pattern in the short term which leads to 5 Impulse growth waves. Bitcoins price should reach $9 600 level soon while afterwards there should be a normal consolidation to $9 300 level where you can buy back. Then the price should reach $10 000 level. In case of successful consolidation above the mentioned level a FOMO may start. EMA acts like a support as well as Ichi. According to the analysis it is a safe time to buy at current levels between $9 100 and $9 300 New short term positions are already in the channel, profitable trades for everyone !
Long
by Skyrexio
1
SPY - 2 Elliott Impulse Waves & Fibonacci Retracements2 Elliott Impulse Waves, the shorter term is mid-way thru wave 3 and is wave 2 of the longer term impulse wave. Shorter term: 0: 295 (May 1 high) 1: 280 (May 13 low) 2: 289.2 (May 16 high), 61% of wave 1 3: 265 (en route, mid-Jun), 161.8% of wave 1 4: 273 (en route, late-Jun), 33% of wave 3 5: 258 (end of Jun/early Jul completion), 100% of wave 1 Longer term 0: 235 (Dec low) 1: 295 (Apr high) 2: 258 (en route, end of Jun), 61% of wave 1 3: 355 (Jun/Jul '20), 161.8% of wave 1 4: 323 (Fall '20), 33% of wave 3 5: 383 (Winter '21), 100% of wave 1 Thoughts?
AMEX:SPYShort
by cwsull