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EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. If more rate hikes happen, it will definitely affect the US dollar in a big way to strengthen it. - Definitely according to the MARKET STRUCTURE EURUSD can go up to the high RESISTANCE LEVEL. At the moment, there is a slightly UP SIDE BIAS in the MARKET for EUR. According to that, EURUSD can go up to 1.0080 LEVEL. And after that, if the MAIN CHANNEL is BREAKED, the EURUSD PRICE can go down to the 0.9541 LEVEL, if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
by benny_marshall
US10Y Elliot Wave Analysis (fun might be over) **WHERE DO WE START** At this point it is nearly unarguable that the move up form the Covid lows looks impulsive, meaning we are in some sort of a new bull cycle. In the past, since US10Y's inception back in the late 1970s the path it followed had a downwards trajectory that made new lows after each bull cycle was done. The US10Y would then correct those lows over the next 2-4 years or so and retrace to .5 fib or .618 fib of the previous high. It did this every single time, however in 2022 it is acting very different. For the first time in history since inception the US10Y blasted through the .618 fibonacci retracement of the previous top which was in November of 2018. My view was bearish for most of this year since we were coming up against strong resistances, however since the price pierced through them all with little effort and continued up makes me lean bullish on the Macro outlook. **TRUNCATION** Truncation (definition) - What is truncation in trading. In most impulses, the fifth of the Elliott waves extends beyond the extremum of the third wave, but sometimes the fifth wave may not reach the end of the third wave . This phenomenon is called truncation or truncated wave. The next event I need to go into is the truncation of the 5th wave down that took place in August of 2020. Truncations are rare events in Elliot Wave Theory and require very careful analysis to ensure the count is not something different. It is more likely to see a truncation in very volatile environments, and Covid crash of 2020 was undoubtably one. This truncation does not show up on US05Y or US02Y leading me to believe the actual bottom on US10Y was in August of 2020 and NOT in March of 2020. However this doesn't change the current count, just some clarification for those using Elliot Waves. **WHERE ARE WE NOW** Since the bottom we see an impulse up of which waves (1) and (2) are complete and wave (3) is in progress currently finishing it's 5th subwave. I expect the price to come to 4% or even 4.5% before the likelihood of a pullback for wave (4) becomes highly likely. The wave (4) retracement should be relatively large pulling back to .236 or .382 on the fibonacci levels from the top of wave (3). The price could come down to 2.75% - 3.5% on US10Y depending on how high wave (3) ends up going, although wave (4) pullback is allowed to go as low as .5 fib which could bring the US10Y down even below 2.75%, but I must say I find that unlikely considering how bullish this move up is coming to be. **LIKELY PRICE PATH** What's beginning to look clear is that after we finish wave (4) in a 3 wave structure down or perhaps a triangle formation (common in wave 4 pullbacks), we are still going to need to complete the impulse sequence and start a wave (5) up. Yes, I expect US10Y to hit and possibly go past 5%. Once there we have a completed wave 1 on a Macro outlook since the crash of 2020. I will then expect government treasury bond yields to enter a short term "bear market" and correct the entire move shown in the chart as red ABC down. This could then be last great pullback... and an opportunity to buy a house at a very affordable rate. Why? Because once this ABC that will correct this entire bull move up is done, we should see continuation in rising interest rates in a new bull cycle up. A 5 wave Elliot impulse is not a complete sequence, it should be followed by a 3, 7, or 11 wave down correction. Typically retracing to .5 or .618 on fibonnaci retracement levels and continue up again in a minimum of 5 waves. **CONCLUSION** The era of cheap rates might be coming to an end, and 2020 covid crash might have marked a long term bottom on treasury yields. Cheers,
TVC:US10YLong
by Elliot618
APPLE vs The Theory of Relativity My charting focus revolves around Elliot Waves with Fibonacci Relationship. We can clearly see a beautiful 5 wave impulse move from the low of 2019. This move should follow by a 3 wave correction of which we already have an ABC, the correction is good in price... but it's lacking in time. Too quick of a move down to correct a 3 year rise. Therefore I would expect another wave down to be in a form of a 5 wave impulse for C coming down to 50MA on monthly average, or in a form of a 3 wave move for a Y. The reason I mention the 50MA on a monthly timeframe (orange line for perspective on this daily chart) is because Apple has a tendency to retrace back to the 50MA every so often and hasn't done so in over 3 1/2, so I retest is coming due. A bounce or reversal in this area will be very likely. This is a bearish count; therefore would be invalidated if the dotted white line is broken to the upside. I lean bearish, supported by the overall outlook of indexes which I can see continue to the downside in months to come. The company can be great and it can make great products, but in the end... we all have to respect Gravity. Not a financial advice. Cheers,
NASDAQ:AAPLShort
by Elliot618
1
DOA trading Strategy - SPY#SPY - For my long term people! I know a lot of yall are asking me about my personal long term positions. When I did my last long term projection of SPY back in March 2022 I said that SPY will hit $390 before June We hit $383 May 2022 then bounced hard ✅ I've been out of my long term since March 2022 most of you probably remember that I've been shorting the market since end of March 2022 when we caught the 2nd drop from double top back in March. I'm getting ready to enter on my long term if we hold at $360-$365 area From what I'm seeing now, we are currently getting ready for a 3rd impulsive wave, and just finishing the corrective wave. We should hit $360-365 before end of September Then if we hold, I'm going shopping for long term!
AMEX:SPYShort
by directoptionalerts
Ethereum Bull run incomingI believe the value of Ethereum is due to rise, it's currently consolidating around 1700-1800, 1700 seems to be a level of resistance, judging off its recent price points along with May-July last year when it was at similar levels. Those levels are factors in my analysis as once it touched those prices, it quite quickly formed green candles without much resistance, whereas now, Where I have placed circles on the right side of the screen, it struggled to rise and got pushed back down. With the current tests being run for the merge on the test net and the merge planning to go ahead in early august, it should hopefully give ETH that momentum and liquidity it needs to pump.
COINBASE:ETHUSDLong
by HBSPG
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
BINANCEUS:LINKUSD
by Brother-Doug
8
Walk The DDOG Long With Your Head & ShouldersA head and shoulders pattern on DataDog Inc. (DDOG) was identified on the daily chart. The approximate measurement from neckline to head is approximately 60.80. We can see a projected move to 234.84! I will make an entry at the break of the neckline. However, it fails to break the neckline, my analysis won't be valid. Head and shoulders on three. What I meant so say is, "Head and shoulders on DDOG!" DDOG! Al *This is not financial advice.
NASDAQ:DDOGLong
by MrALtrades00