BTC The Wave Principle | Diagonals + BreakoutsEasy setup for a quick trade, it's an ending diagonal + abc below the structure.
You get the Fibonacci retracement tool there and go for 618 retracement as entrance, and -0.272 | -0.618 profit levels.
Just try this in the past and see it for yourself: how many times does this combination of behavior has happened before?
Hello, I'm Lito.
I've been studying the wave principle for a while now, and I have found that price movement shows us the market behavior.
...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior,
but to be more precise: human behavior.
Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing financial market.
impulses + corrections, on the move every single day.
Some are slow, some are fast. there are days and moments of fast movements, and then indecision and slower movements show up.
There are ways we can study this behavior and it's called The Wave Principle, the book Elliott Wave wrote about.
If you want to learn more about it, read this chart. There's a link there.
See ya.
ps. you can study the chart by following figures. If you don't recognize any of them, maybe you should watch my videos. Follow the link in the chart.
Nelson
[$BMW] Quitte ou double ? // Double or quits ?FR/EN ( below)
FR
Le stratège de la banque suisse, Nick Nelson, a passé en revue les secteurs de la cote.
Il est acheteur sur BMW, je suis plutôt neutre à date, pas assez d'indication sur un reversement de tendance clair et confirmé mais on peut être ambitieux ( attention :) )
En vue weekly, la tendance est toujours baissière est le rebond a été assez franc et test les 50€.
L'idée est d'observer si nous tenons le support ou ce prix marquant des 50€ sera un rempart qui ne pourra pas etre franchi dans l'immédiat.
Dans le cas de continuation baissière , une revisite des plus bas n'est pas à exclure 20 € étant le point psychologique cible.
Si on contraire, les acheteurs reviennent massivement et qu'on rebondi sur les précédents sommets de 2002 et 2007 , le prix se heurtera à une forte zone entre 65€ et 90€.
Est-ce seulement un creux pour repartir à la hausse et de recharger fortement l'un des fers de lance de l'automobile allemand ?
Dans les deux cas, on attend les confirmations aux échelles de temps qu'on souhaite.
En observation , la Tenkan Weekly refait support après cette grosse baisse.
Le Chikou est assez loin et nous donne pas beaucoup d'information à l'instant T .
En revanche, une mouvement assez similaire sur d'autres indices comme le $Bitcoin $ BTC ou l'$Ethereum dans le secteur de la crypto ( ex: ) montrent une évolution des prix progressive avec un passage de la Chickou Weekly à travers ce passage fin des nuages d'Ichimoku.
Cette finesse des résistances pourraient être une zone de passage dans un scénario haussier.
A voir comment tout cela se décante.
Donc Nick Nelson, je respecte votre opinion (les arguments sont là) en revanche, je resterai en attente avant de donner un quelconque signal sur du prix de l'action BMW
Ceci n'est évidemment pas un conseil en investissement
Stay Safe
PEACE !
--
EN
The Swiss bank strategist, Nick Nelson, has reviewed the sectors of the stock market.
He is a buyer on BMW, I'm rather neutral to date, not enough indication on a clear and confirmed trend reversal but one can be ambitious ( attention :) )
In weekly view, the trend is still bearish and the rebound has been quite frank and is testing the 50€.
The idea is to see if we can hold the support where the 50€ price will be a bulwark that can't be crossed in the immediate future.
In the case of a continuation of the bearish trend, a revisit of the lowest is not to be excluded, 20€ being the psychological target point.
If, on the contrary, buyers come back massively and we bounce back on the previous peaks of 2002 and 2007, the price will come up against a strong zone between 65€ and 90€.
Is this just a trough to start up again and to strongly recharge one of the spearheads of the German car industry?
In both cases, we're waiting for confirmations on the time scales we want.
In observation, the Tenkan Weekly is back on its feet after this big drop.
The Chikou is quite far away and does not give us much information at the moment T .
On the other hand, a rather similar movement on other indices such as the $Bitcoin $ BTC show a progressive price evolution with a passage of the Chickou Weekly through this fine passage of the Ichimoku clouds.
This fine resistance could be a passage zone in a bullish scenario.
Watch out !
So Nick Nelson, I respect your opinion (the arguments are there) on the other hand, I will stay on hold before giving any kind of orientation on BMW stock price
This is obviously not investment advice.
Stay Safe
PEACE!
Translated with www.DeepL.com (free version)