MCRB - Breaking out of triangle ?MCRB - Finally breaking out if this triangle ?
We can count a potential Leading Diagonal wave (i) on the 15min with a deep 3 waves corrective wave (ii).
A move below 24.36 would invalidate this view.
Riskreward
ZM - Update - Bullish above 496.60We're at the end of this Triangle.
470 and 480 are the ideal zones to watch for a potential reversal.
If price drops below 462, we could continue to see this go some more sideways as long as it remains above wave A low at 457.7.
Natural Gas - Forget it's winter, demand and price should go upWe have a clear 5 waves rise here as you can see.
Therefore, I suggest to only look for shorts now until we reach the 50%-61.8% retracement zone.
AMB/USD SpeculationThe AMB/USD chart cancels out a lot of noise from the
AMB/BTC chart.
Downtrend broken and turned into an uptrend that needs
to hold these next couple of weeks to stay valid.
An inverse head and shoulders looks as though it is forming:
It has a clear neckline (blue horizontal) and assuming the
uptrend/diagonal support holds here that would be the first
target.
The second target is calculated by the price disparity
between the low of the head (in this case the lowest point
priced in on the chart) and the neckline, then adding that
difference to the neckline.
The Kumo cloud has been green these last couple months
which is the first time in AMB's 1W history.
The Tenkan and Kijun have crossed bullish, however they
are still not above the Kumo cloud so they aren't as strongly
bullish as they can be just yet.
The Lagging Span is still below the Kumo Cloud which is
bearish.
The massive volume is notable.
By the looks of things, the chart may contain just enough bullish
biases for the swing trader to have suitable conviction to make a
play here depending on risk tolerance.
For the long term hodler, entry point as an investment could play
out quite profitably for one who is looking to take a risky bet on
one of the lowest Market Cap coins on Binance.
This assumes that the product proves legitimate, the negotiations
with IBM/Maersk and others stay true and the team keeps working hard.
CMI - Break above 215 should take this to 227-ishLooks like we're in the making of wave iii of higher degree (v) of one higher degree red wave ((iii)).
DAX - One more small push lower before rallying ? Excellent R/R!DAX - Turned into a Triangle here it seems.
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
TSLA - One more push lower before rallying way above 500 ?We're in a wave 4 that seems to be taking the form of a Triangle.
Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move.
This makes us believe that wave D and E of the Triangle can be of the same proportions.
But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272 - 1.382 zone before going back down to 350-ish (needs to be recalculated depending on B of course).
Bigger picture
Gold short into mid-OctoberHello!
The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.
Also for you TA freaks you can see a breakout from a "triangle". Just something to also take note of.
Good luck!
Tonis
EURUSD IDEABUY LIMIT at 1.16914
Term: Long
Risk Reward: 1:3
Take Profit: 180 pips
Stop Loss: 60
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DOCU - Going up but how much ? Going for 220 first, followed by 240 and 250.
If price goes above 220 followed by a wave ii correction down to 206-210, that would give the best opportunity to buy in and hold till 245 at first.
EURNZD - Let it go a bit lower before buyingEURNZD - Looks like that wave B finished and are now making wave C.
Ideal termination point would be 1.766..
If price stops and starts reversing from that level we should buy in.
Nasdaq - Correcting before continuing higherNasdaq - Correcting for potential red wave 4 before continuing higher.
Invalidation is at wave 1 high.
If price goes below that, it would make this rise a corrective move and would increase the odds for the indexes to continue lower
EURUSD - Patience !
EURUSD - Bouncing off the noted VWAP zone. We also got A=C.
Let's see how it will behave once it touches the orange zone resistance zone.
RidetheMacro| RISK REWARD PATTERN EXPLAINED (PART 1)Risk Reward Pattern (PART 1) Explained fully.
Please for (PART 2) Check the link Below.
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RidetheMacro| RISK REWARD PATTERN EXPLAINED (PART 2)Risk Reward Completely Explained in two Educational idea.
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Every Winning Trade deserve POST ANALYSISHi guys, this is my buy trade yesterday and now its on its way to take profit. Around 1:3 Reward will take it..
Points to remember
1.) Stick to your own analysis
2.) Reason why you trade this
3.) Exits are very important
4.) What is my analysis yesterday?
Hoping you can record your winning trades and repeat it over and over again
ROL - Higher prices comingROL - New one I'm adding to my long term portfolio.
Short term there are lots of opportunities here too.
ZM - Sideways correction before going for 608?ZM - Not looking great today. We got just 3 waves up... Maybe we'll see a triangle form.
Don't buy in again for now, let's see how things develop a bit more.
Eur/Gbp Sell Opportunity Weekly Outlook!!We need to see a clearly pullback before selling. Look at the post below to see what opportunity i will be looking for
Follow me for more updates
USDJPY on a support area , Long with proper Risk/Reward.as you can see price reached the last low of the chart , it acts as support area.
Also we have a very strong resistance area on top wich you can see has 3 reversal points , we have 50% Fibbonacci retracement level in this resistance area too.
RSI shows us good divergence.
I believe price tests the support one more time after the markets opening , that's a good entry point for long with a good R/R.
So our entery point is support area and we enter position after seeing candle confirmation in lower time frames.
Our target is resistance area and our stop should be little pips below the support area.
Don't forget to like and leave me any questions, comments or observations, thank you and have a profitable week.
Ethereum Prepares to GrowthDue to the fall of Bitcoin on September 21st, the price of ETH fell by 10%, from $380 to $340. As a result, the price chart went down from the ascending triangle. Yesterday, ETH consolidated near the $340 level, which suggests that the nearest support is currently there.
Stochastic also dropped sharply and reached the overbought line. It follows from this and in the coming days, it may begin its reversal. MACD has slowed down its decline and is now in a zone of uncertainty.
At the same time, the price consolidated below the middle Bollinger band and almost reached the lower band. It also suggests that we should see a breakout to the upside towards the $400 level in the near future.
Based on this, it is a good deal by risk/reward ratio (1to2).
The optimism is added by the fact that rumors about the imminent transition of Ethereum to the PoS algorithm, have again spread in the community. A network upgrade proposal or EIP has already been published, which outlines the technical details. Also, some developers say that the transition may take place earlier than the scheduled date (recall that earlier they talked about November 4th).
Ethereum has great fundamental news and a technical picture of the price. Therefore, we expect a reversal to begin in the coming days and we expect ETH will hit $400.
Crude Oil futures. CL possible short trade deNot a high probability. But with tight stop loss and risk to reward ratio of 2, it might be good time to short Crude Oil futures. Target is 39. More than likely it will go to 38.40 some time next couple of days.
