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Impulsewave

Rally done or just pullback? Maybe bear trap: too soon to short?Caution is in order, this rally has faked us out twice already, looking near pivot, then jumping higher. Bears been expecting a double bottom formation and still are waiting. On the daily chart Sand P has an Elliott Wave bullish impulse form developing, rather than the ABC many contributors have suggested. The segment labeled (3) is quite a bit longer than the (1). In an ABC countertrend, if these were A & C segments, we'd expect them to be nearly identical in length; these are not, and (3) has both broken above the 0.50 Fibo and exceeded the previous downtrend low price of higher order (1) from October, violating EW principles for an ABC. If this pans out, we can expect a Fifth rally wave to touch the 0.618 Fibo. Today's price turned back from the TL reaching back to 3 Sep. A lower order TL from Nov suggests a Fifth wave could get to near 2712 price. Any positive news in a market pounded with worrisome tweets will do it. The EOD pivot on 1/22 also implies a bullish undertone. Market index has closed the gap up from Friday's enthusiastic runup. Was this an exhaustion gap? It may have just a bit left to run, perhaps within 2-3% of the rally top now. Still too early to short IMHO. In my other idea on Dow I suggested the TL and Fibo both coincide at price $25040, just a bit over 2% above today's close. Let's see if the bulls can get it up there. As always, this isn't advice, just another crackpot idea, trade at your own risk; GLTA! PS I labeled this idea "Neutral" as it is a study of price near a pivot, which may have come, or may still be yet to come soon.
SP:SPX
by DaddySawbucks
16
BITCOIN: Swing-Setup! Short down to 3k?'Market is a mess!#ChanceHey tradomaniacs, welcome to another free signal! Important: MARKET is a manipulated mess! No liquidity = hard volatility! Make sure to place a sell-limit after the break through the 61,8% retracement and the trendline! ----------------------------- Type: Swingtrade Sell-Limit: 3.596 Stop-Loss: 3.800 Target 1: 3.376 Target 2: 3.217 Targt 3: 3.033 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITFINEX:BTCUSDShort
by Trading2ez
3
EUR/USD: Swing-Setup! The BREAKOUT back to 1,17?#TEAMBULLHey tradomaniacs, welcome to another free signal! Important: Wait for the Breakout of the triggerline or for a Buy-Limit or place a Buy-Stop! WATCH OUT - Markets are very uncertain and dirven by political events! Don`t risk too much! ----------------------------- Type: Swingtrade Buy-Stop: 1,15021 Stop-Loss: 1,142 Target 1: 1,15990 Target-Zone 2: 1,164 - 1,168 Targt 3: 1,170 - 1,173 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
NEM ($XEM): Triple ZigZag vs. Impulsive Wave-1 with extensionXEM is difficult to predict now. I can see a few possible movements: a) Impulsive Wave-1 with Wave-1 extension = I expect retrace to 1600sats zone. b) Triple ZigZag Correction = retracement to 1900sats zone So, I'm going to wait how XEM manages re-test of 1900sats zone. Then the next price movements will be more clear. Generally, I don't expect that XEM will go lower than 1400sats. If you like my charts, pls. hit that "like" button, follow me or leave your comments. Thank you!
by AsBobbyDigital
Gbp Jpy ShortPrevious Day's Momentum is Bearish overall. I continue to think there is a need to push lower to fill a large wick @141.15. With this bias in mind i take a top down view to find clarity. Weekly- Support @ 140.52, Resist @143.00. Bearish overall on this chart. Daily- 141.34 seems to be a significant level for Bullish price interaction to the far left. 1 Hour- Double Top w/ multiple interactions @ 142.80 within the previous day. Yesterday, we also saw a failure to break the 141.50 Price level of short term support. I would like to see GBP JPY retrace to the 142.26/37 levels in an impulse before pushing lower to fill 141.15 level lower. At that point, we are likely to see a reversal in Bearish sentiment.
Short
by Fistbumped
USO! when oil starts the bear move it's one of the easiest tradeI've been doing well buying puts once the corrections are developing. Usually about 3-4 weeks out to allow the correction to develop and so I dont get slammed by theta decay. Now eventually if we're in an impulse to go down, we will need to see a bigger correction to develop. Will we get a few more pushes down before that happens, or will it start right now? Either way I'm looking to purchase another put sometime within the next week (as long as we dont breakout past the downtrend line, this will signal a deeper correction/ reversal depending on how price behaves after that) Longterm view in the comments. (not confirmed yet, just looking that way)US thanks for looking, and trade responsibly!
AMEX:USOShort
by adambiers
1