BNBUSDT Short position in updated levelsBNBUSDT is still interacting with the neckline and is about reach the peak of this reaction @ 88.6% Fibonacci retracement key level for adding to shorts.
Reactionzone
NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
SLPUSD analysisHello traders!
SLP is 90% up from last month's low and I am expecting a little more push before any downfall.
SLP is at the reaction zone and reaction zones are not the support and resistance zone but it's the zones where the market forms different kinds of patterns.
Currently, it looks like it's forming a pattern below the reaction zone and it can pump 20/25% more.
0.339 is the price that will be hard to break by SLP and it can retrace back from that level.
Don't forget to hit the like button and follow to stay connected.
NQ Rally Rejecting at S/R? Going Overbought Again!Chart says all. Could be near end of the reaction rally from Monday's selloff IMO. Trade with care, GLTA!
Setup Leg Fading Short Setup USOIL extended its setup leg 128% and is now seemingly ready for a reaction leg towards the 38.2% retracement point of the setup leg. Today is an event day, volatility is expected to pick up, however selling 128% extension with stops above the high of the setup leg and looking for a 38.2% reaction seems reasonable.
Elliott Wave B subwave 3 forming short squeezeBig downdraft from 25402 -> 24407 knocked 1395 pts off Dow for correction wave A.
Reaction wave B ongoing now completed subwave 1(up), 2 (down) with the green hammer Doji Monday. Shown in more detail in this idea.
Subwave 3 can carry index as high as 24686 before Wave 4 reaction retraces, possibly as low as 24440, but not below subwave 1 top.
Subwave 5 can carry index as high as 24948 on Fibo 0.618 retrace but higher unlikely given strong R at 25k. Possible lower high on 13 July.
Once subwave 5 completes, the bullish impulse will exhaust and Main Correction Wave C will begin another downdraft to around 21800, possibly lower.
G/J Hourly Reaction ZonesLong 1. This will be a short term bounce set-up to go Long. Area is also within Fib 61.8% - 76.4 % level .
Trigger-line @187.31
Long 2. This is the mid term bounce set-up to go Long. Measured movement area from Hourly Head & Shoulder.
Trigger-line @ 186.21
