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Runnningflat

Update: BTC Scalping short trading opportunity This is a sequel to my previous idea . The diagonal triangle's unexpected, extended wave 5 (possibly an expanding diagonal) morphed the bearish white swan into a bearish anti-butterfly. The basic strategy stays the same, but the basis for calculus would be slightly different. Target is unchanged anyway. If this breakout forms wave 5 of the impulse, a drop to the 22400 zone or below is likely, but some reversal is expected at FE 1.618 (23051), 2(22999), and 2.618 (22905), at each of which the price crosses a pitchfork's channel line. This running flat scenario is invalidated above the high of A (23217), but another bearish scenario will likely develop under an expanded flat.
INDEX:BTCUSDShort
by jackrabbitrage
$EUR vs. $CHF Daily Chart. Upside Termination| #eur #chf #forex Traders, The five-wave sub-minuette impulsive pattern is coming to an end, paving the way for the larger minute degree, 5-wave sequence to start its 4th corrective wave structure. When subdividing wave 3. into five smaller degree waves, we see that its concluding 5th-wave can be seen unfolding into a contracting/ending diagonal pattern, composed of five internal waves, subdividing into 3-wave sequences. Fibonacci price measurements converge, projecting terminal price targets, which indicates that price action diffuses, loses its momentum and energy, so at that point we create a "reversal signature", where a price rejection could be enough to validate the diagonal's completion. Downside targets are already measured, however, an update of them will follow after the reversal signature has been confirmed. Trade with Discipline Best
Short
by ChrisMark
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