dowjonesConsidering the completion of 5 waves as well as wave 5 out of 5 which is incomplete, the possibility of correction is up to the desired range
Robertminerstrategy
an editon of the last bitcoin analysisthis is an edition of the last idea, note that it's not valid without the trigger.
targets of the C low will be updated .
BTC/USDTI think yellow path will be the will be the Bitcoin's path.
the correction will start from daily reversal zone and will continue untill the weekly zone, after that new ATH is high probable.
STX/USDT Robert Miner Strategy 4HSTX/USDT 4h time frame have a PRZ Between 1.331 ~ 1.360
when the fifth wave is completed, price enters the PRZ area (1.331 ~ 1.360) and if the momentum indicators(RSI / DT / STOCHASTIC AND ...) Confirms it, we can expect the price go to down.
EURUSD, Long possiblity that may last for weeks.Hello ladies and lads,
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD : showing a Divergence that occurs mostly at the end of a motive wave.
DT Oscillator:
I have used 8.5.3.3. as the configuration for DT in EURUSD's chart.
both Daily and Weekly charts are in oversold position and their signal line has been crossed upward.
4- Trade Trigger:
2-5 pips above 1.18842
5- Invalidation and stop loss:
2-5 pips lower than 1.18060
6- Take Profit:
First tp can be 1.19753, but the potential is much more if conditions are met.
I will update this part later.
This is it. I would be glad if I could hear your thoughts on this.
You can ask me any question you have!
Thanks for your time,
hasta la vista!
USDJPY - Daily C wave (short) is upun us!Hello dear traders.
For upcoming week, i believe that we are gonna see some shorts on USDJPY According to ElliotWave theory.
If you look at the Daily chart, you will understand that we are in at the end of the B of an ABC correction. Potentially we are at the start of a short move, C wave, which gonna last for 1 or 2 weeks. with no more talking I am gonna explain a trade setup that enable us to go short with minimum capital exposure.
1- Pattern:
1.1: Daily pattern (you can check my previous analysis on USDJPY in the idea section of my profile)
ABCDE correction that started since 21 April and lasted until 17 jun, has been ended and confirmed with a powerful bearish candle in Daily timeframe chart.
1.2: 30 min pattern
we can see in 30 Minute Time Frame, that downward waves are shaping according to motive waves structures. This can be a great reversal sign for us to jump on a short trade that may last for 1 or 2 weeks.
After 12345 (motive) we should face a correction phase that not gonna last for too long. A and B of this correction has been shaped already, so all we have to do is that to wait until the C is over.
Note: the correction may be a zigzag, since B of the 30 min TF has only retraced for 0.618 of the A wave.
2- Price:
I have set a price PRZ for 30 min TF, that includes:
downward motive wave Ret: 0.786
Projection of A on point B: 1.00
B extension: 1.414
I have highlighted the area with a red rectangle on the chart.
3- Time analysis:
In Daily time frame, we are at a powerful time PRZ that includes:
Time Retracement: last weekly movtive wave : 2.00
time retracement: 0-a of abcde (B of ABC): 7.00
time retracement: a-b of abcde (B of ABC): 2.00
time retracement: b-c of abcde (B of ABC): 2.618
we are right in the zone right now, so this is a huge point for our POTENTIAL reversal to happen!
4- Invalidation:
If the price goes beyond 110.824, the setup on 30 min time frame will be invalidated and we should not open any short trades afterward based on this analysis.
5- Confirmation:
We must see reversal signs (candle stick patterns, etc.) on our reversal zone for C, and then price must goes lower than B of ABC, then we can confirm our setup and open our short trades.
6- Stop loss: will be 5-10 pips above start of the 1-2-3-4-5 motive (110.824).
7- Take profits:
Will be updated if our setup begins. but profit will be good since we may go short for 7 to 14 days.
I will answer your question my dears, if have any please go on and ask in comment section.
Also thanks for the time you have put to read my setup.
best of luck,
USDJPY ShortHello ladies and lads, hope u all are doing great.
Based on Elliotwave theory, we probably are right at the end of B of ABC correction pattern. But yet still we do not have a sign of a reversal at the time, but i can see there is a high chance that we see reversal signs that confirm this story for our USDJPY.
I have left the tools that i have used to find a Time and Price PRZ, the square that is RED, on the chart itself so you can hover over and see what i think is happening here.
for the last thing, it is nice to mention that DT oscillator in Daily time frame is in Over Bought situation.
I would be glad to hear your ideas on this Idea of mine. and feel free to ask your questions.
thanks for your time.
Good luck
my long position in XRPwith keeping stoploss i enter this long position at the end of the C wave #XRPUSDT with a cross in #stochrsi based on #robertminerstrategy
my target stoploss and risk/reward are obvious
