XAU/USD is currently in a downtrend from the daily perspective, we may see it complete the downward trend at either 1692.78 or 1680.00. We could also see it break above 1709 for an upward continuation. I'm currently waiting for a break above or below the marked levels X and Y For any further directional certainty.
Crypto market is recovering as strong rebound from the lows suggests a temporary support from Elliott wave perspective. Cryptocurrencies are in a recovery mode again following news that SEC Division of Corporation Finance is about to Add Industry Offices Focused on Crypto Assets and Industrial Applications and Services( source ). Looking at the Crypto total...
Looking for a bullish continuation from last week's strong weekly candle. A bullish head and shoulders taking shape and targeting 1900 zone. The risk to reward is 2.89 for this one.
We are at a psychological zone and I expect the bulls to come in and defend the zone. Looking to target the next zone at the 2200 zone for a RR of 2.97.
Looking to play the recovery up from the bounce from 2 positions. The 1st target 1090 and 2nd target 1236. Friday's candle had good volume. the proper entry would have been 30 August daily close but better late than never. 1st TP=2.44 2nd TP=4.31
#Crypto Idea ; Testing Account #Exchange ; Binance #BTCUSDT #BTC Keep in mind. 🟢 Multiple Rejection Structure 🟣 Monthly Frame Structure. 🔴 Weekly Frame Structure. 🔵 Daily Frame Structure. 🟡 4.H Frame Structure. ⚪️ 1.H Frame Structure.
APECoin price action shows huge Long-unwinding, thus continue selling occurs. Wait for Immediate support $4.0 retest to see further growth.
When this company IPO'd it was the big stock of the year. Alas, there has to be more to a company than a cute name. SNOW had its earnings report late in the season and it gapped up on the news. The gap jumped over resistance, so it is not likely to fill easily. Resistance becomes support for this type of gap. This can suggest that SNOW may be a company beyond...
the long term picture for amazon.com, and really the whole dotcom sector has looked bleak until recently. i would wait to cross above this pivot and trama to turn up before i thought we could continue recovering in technology. id aim for upper horizontals as we cross above levels and lower horizontals as we cross below.
So, i have something to share with you. This is just my vision. JUST MY FANTASY. Let's speak about it now. ***WARNING*** YOU WILL BECOME A MOON BOY/GIRL, SO REMEMBER THAT IT IS ONLY 20% CHANCE. I used fractal analysis (took a fractal from covid dump and V shape recovery that happened in 2020), to predict what can possibly happen. During Covid dump It was...
Dominant trend line in white Each drop to this line or below is followed by a sharp recovery great buy entry
All 5 waves are completed in an Expanding triangle pattern. Smart sell is over, because of our local support nifty is not fallen like S&P500. 21 day money flow index shows compulsion of buying Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000 let's have a buy until AUG 2nd
A large double bottom along this green downtrend The right one has completed this short lived recovery We are waiting for a similar recovery for WBD
Last week EUR pairs experienced strong bearish pressure dropping to respective strong support levels. Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen. EURUSD bounced on the support level and printed a rejection candle on the daily timeframe. EURAUD displays similar dynamics...
Every action there is equal and opposite reaction, 3 rd law of NEWTON. In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62% enjoy the trend change ,and make use of it .
It took about 3.5 years, from the last top in late 2007, to cross all relevant moving averages in early 2011, for us to confirm all the market bottoms were in. During that time, more than half of the market was lost in its last bottom compared to its last top. Expect same or worse in this 2022 recession, as more things will pop in this everything bubble. The...
Expecting to see a bit of pull back recovery from BTC. in the past few days we had a serious call margins in Crypto and CFD markets. Lots of traders faced bankruptcy. Due to increase rate news , a lot of retailers short the market based on FUNDA news and that's is called momentum trading. It's now time to Algo trade against them and take them out of positions.
TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group. The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge...