USDJPY Correction bearrun MatrixVAfter my prediction from yesterday usdjpy has to correct its price.
Indicator has an crossover, price action confirmations, increase your RR as much as possible
GG Ez MatrixV
Retracement
What's NextHey everyone,
My last post was just before the last bullish move the crypto market made and was about DOTUSDT precisely. It turned out very well as I published before the move along with a signal that the TP level got hit 2 days after the price consolidated for a day. So if you have seen it, it is perfect because you were able to catch the move. (link down below)
For now, I think that we have been consolidating for too many days now. We might be in a consolidation box (or in a symmetrical triangle), which means that we are preparing for a volatile move after breaking this range.
Looking at Altcoins like ETHUSDT and DOTUSDT, I lean towards a short-term bullish pullback since we will revisit the 50% Fibonacci level in the higher timeframe.
If it breaks to the upside or the downside, we are going with the trend depending on which direction the price goes.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
ETH - Short IdeaDaily Bias = Short
Price Phase = Rebalance
Overall Daily Bias is down, with price reaching for the low at 1356. Price is currently rebalancing some imbalances left during expansion.
$BTC Down We Go Again | Trade Idea
Yesterday, the BTC daily didnt appeal to me as much as the ETH chart did but today is a different story. Same factors that are against ETH are against BTC:
13 EMA
50 EMA
200 EMA
McDonald's Arches are present pattern here
All in all I see this easily retracing back to the support zone highlighted. The question though is will it hold?
IBIO consolidation and short-long term swing opportunityIBIO is showing some consolidation. Recently stock is up a a decent volume.
looking at a longer time frame chart : double bottom patter - showing strong support line, defined risk level.
cup with hand formation is a very statistically strong consolidation pattern.
for the target price i would use 26.8% Fabonacci retracement level and 38.2% retracement level. AMEX:IBIO
$NEPT Next Target PTs 5.50-6 and higherNeptune Wellness Solutions Inc. operates as an integrated health and wellness company in Canada, the United States, and internationally. It builds a portfolio of lifestyle brands and consumer packaged goods products under the Biodroga, Forest Remedies, Ocean Remedies, Neptune Wellness, Mood Ring, PanHash, Sprout, Nosh, MaxSimil, and NurturMe brands. The company also offers turnkey product development and supply chain solutions to business customers in various health and wellness verticals, including nutraceuticals, beauty and personal care products, and organic foods and beverages. In addition, it is involved in the extraction, purification, formulation, and manufacturing of health and wellness products. Further, the company offers Maxsimil, an omega-3 fatty acid delivery technology that uses enzymes that mimic the natural human digestive system to predigest omega-3 fatty acids. It has a collaboration agreement with International Flavors & Fragrances Inc. to co-develop hemp-derived CBD products for the mass retail, and health and wellness markets. The company was incorporated in 1998 and is headquartered in Laval, Canada.
$SPCB Next Target PTs .75-1.25 and higherSuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management. The company's PureRF suite is a solution based on RFID tag technology to identify, locate, track, monitor, count, and protect people and objects. Its PureRF suite comprises PureRF tags, hands-free long-range RFID asset and vehicle tags, PureRF readers, PureRF activators, and PureRF initializers, house arrest monitoring systems, PureTag RF bracelets, PureCom RF base stations, GPS offender tracking systems, PureTrack, PureBeacon, PureMonitor offender electronic monitoring software, inmate monitoring systems, DoorGuard tracking station, and personnel tags. In addition, the company offers domestic violence victim protection systems. Further, it provides connectivity products and solutions comprising AVIDITY WBSac, BOLSTER WBSn, BreezeULTRA P6000, Arena controller, and BreezeNET B. Additionally, the company offers Safend's Encryption Suite that protects the organization's sensitive data; and designs solutions for carrier Wi-Fi, enterprise connectivity, smart city, smart hospitality, connected campuses, and connected events. It sells its systems and products through local representatives, subsidiaries, and distribution channels, as well as independent representatives and resellers. The company was formerly known as Vuance Ltd. and changed its name to SuperCom Ltd. in January 2013. SuperCom Ltd. was incorporated in 1988 and is headquartered in Tel Aviv-Yafo, Israel.
Breakout StrategyPrice is in structured downtrend and it formed breakout + retrace formation and expecting to reach 0.794
Bitcoin - Important Weeks To Come 🚨Hey fam, this TA is important, so please pay a close attention and in the end, let me about your ideas in the comment section.
What do we see in the chart❓
There are two strong bearish movements both took 11 weeks and also there is a 9 weeks upward retracement in the between.
The price is now in the 4th wave of the main bearish movement and it is a retracement. I expect it too take 9 weeks from the beginning as well. It reaches us to the conclusion that 15 mid August is an important date for Bitcoin and our analysis, you can see it as a purple line on the chart.
I personally expect two scenarios for this 4th wave (retracement):
1️⃣ Scenario 1 :
The red line on the chart. The price will make an upward movement to the gray and yellow resistance and near our light blue trend-line, just like our previous retracement spoken above. I expect it to see this high peak around mid August as our important time pivot. Because of a bearish flag it can leads the price to our final bearish (5th) wave to the red and yellow support area around $12,000 - $14,000. That point will be be dip of Bitcoin in my view and I expect some consolidation before rise, but I will buy in that dip. NOT A FINANCIAL ADVICE!
2️⃣ Scenario 2 :
The green line on the chart. The price will make a slow downward movement to our red support (Around our purple time pivot). This will be a very bullish sign for me, because it shows that the bears are getting weaker. I personally open long positions with leverage in the dip if this scenario happens. Again, NOT A FINANCIAL ADVICE!
I'll have expect a smaller consolidation before rise in comparison to Scenario 1.
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Don't forget to hit the like button if you liked the analysis and leave any questions you got in the comment section, I'll answer them all💓
GOLD TO RETRACE TO 1500 LEVELFurther increase in interest rates migh push gold lower!
Gold has been more bearish than equities and might retrace strongly in the following weeks.
CADJPY POSSIBLE PLAY FOR NEXT WEEKCADJPY has retraced to a position where we can consider short swing position. Its time to look for reversal patterns coming week
WAIT THE BREAKOUTInteresting push happened over the last weeks, now we would expect a breakout of the resistance after the retracement ...
NZDCAD POSSIBLE 61.8 RETRACEMENTLooking for a possible retracement and LONG SWING. The pair has broken our trendline. Retest to 0.8000 is likely.
NZDUSD POSSIBLE SETTING UP FOR DOUBLE BOTTOMOur overview for USD is correction of last weeks moves and retracements as we continue with downtrend for Dollar. This makes NZDUSD a good candidate to trade SHORT to 0.6000 zone. Expecting that to be REVERSAL ZONE. Double Bottom and Divergence on whatever technical indicators we use. WATCH LIST
AUDUSD SHORT 78.6 RETRACEMENT POSSIBILITYLast week we had massive stop hunting for USD pairs. I am looking to stick to my guns and keep the projection or a deep 78.6 Retracement before we go LONG SWING.
ETSY, Another successful prediction using Elliott waves !It was unbelievable talking about 70 USD as a major low when it was at 166 USD or even at ATH (See related ideas) ! however we predicted it carefully and time proved the power of our analysis.
Also I warned about possibility of a major fall when it was near ATH as my worst case scenario :
This is not to give myself a compliment ( Although some may believe I deserve it) . This is to provide you an example which shows the power of Elliott waves for major predictions ,of course, if used correctly.
Please note I do not claim that predicted upside move began from last major low will continue and it will not make a new major low. As written in the chart, there are some alternative scenario for now. For example a wave X can be formed which connects two corrective patterns however, as amount of Retracement in ETSY is enough and acceptable there may be a time correction in future considering general market condition.
And please note this is not a LONG position recommendation since ETSY is now far from last major low ( Although it may go higher) If you are going to open a long position in this stock it is wise to wait for a major correction and Retracement. It is worth to keep in mind usually wave 2s Retrace much of wave 1. This means if being patient enough ETSY can be bought in lower prices.
Good luck everybody.
Bear Rally Bull Trap or Runaway Rocketship?Bounced off 200DMA and of course FOMC coupled with missed ERs and Hopium drove it up up and away.
Broke above DT line but indicators show bearish divergence, price rising while Stoch RSI falls.
Trades at upper Bolly Band. as Bad news has had such a positive effect can hardly imagine what Good news might bring!
Fed sez another 75bp hike next month. Is it priced in? Anybody's guess.
NB: This post suggests no future path, only observing key signs.
Will it selloff to retest 200DMA? Or ignore logic and reason to bull higher in face of adversity? Stay tuned.
Would not chase this long.
NB: Close on 7/27 perfects harmonic cypher pattern. These usually sell, sooner than later.
And it has sold off after FOMC twice.
Is Wall St prepare for losing streaks?So close to make official breakout but question is are we prepared, for losing streaks after the celebrations.
Monkeypox still on the spread , Omnicron Variant emerge mutated worse “ BA.2.75”
China launched missile at Taiwan.. could possible lead WW3.. if china troops set ground troops at their land.
Please becareful as well as Dow jones 30 will have a huge fall as well, watch any reversals
Retracement another bitcoin biggest fall yetBitcoin retraced from the big fall of bearish tossed up the wedge meets the strong resistance.
Highest chance we will see the another biggest fall.. bitcoin was very close to hit 25K I don’t think we be able to hit it just yet.. but has to crash down after the retraced.
Bet y’all made a decent money but time to sell it and pressure up. 17500 area isn’t a bottom and experts had said and announced that bitcoin isn’t bottomed yet.. it’s too soon and sky rocketed up like that which showed a danger to the buyers to watch that fake pump. So here what’s going to happen and I know we all expected a huge rocket.
Bitcoin has to crash and break the support of the uptrend we have corrected but the bear market is NOT OVER. Once the retracement corrected then have to make the big fall along for Wall ST. Has to prepare for the losing streaks worse.
Hear me up so the experts announced and said bitcoin hasn’t BOTTOMED YET. They are expecting around 10-12500 is the bottom and stronger floors for the bulls to keep going up.
Now you hear this and prepare for the crypto crash true colors.. please trade said and buy safe at the area the actual bottom is heading.
Any argument?
Tossing wedge meets strong resistance..Big fall ?Retraced from the big fall. Failed to merge the breakout and made a bearish reversal movement at 1641 area seemed to be made a double top nearly.
Amid hit the strong resistance and formed rising wedge.. still in bearish we should be expecting the big fall.
The experts said Ethereum haven’t bottomed yet but a bear retracement, expecting to bottom about 500 or around 600.
They said.
Waiting for that long position if that haven’t bottom then prepare for the worst and watch for reversals
Going down, for nowHi everyone,
Yesterday I talked about how VETUSDT might go back to its demand zone. (link down below)
Today, as I expected, we are not going to have any volatility and it is going to be a bit quiet than the last couple of days. This is only a probability but we might still have some moves.
For DOTUSDT, we are in a wedge and we are most probably doing a retracement to at least the 0.5 Fib level where we also have the support trendline of the wedge.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
