Get started

Theory

Gold hits 1895 by Mid-AugustHey Guys, according to my Elliot-Wave Count Gold is in a bullish Cycle. I'm confident that Wave 2's correction is over since every possible Parameter in Time and Length of each wave fits perfectly with my Bias. Therefore I doubt we will see the 179x Zone again or any more deeper downside. I engaged my Long at 1793. If we are in inner wave 1 now we should see a lot of buying pressure within the next sessions. Let me know what you think! Raffa
OANDA:XAUUSDLong
by RaffaeleL
1
Gold forecast for the 12.07.2021Hey Folks, As you can see from my chart, I use the EW-theory to forecast. In the case of gold, I assume that the correction has ended after the sharp rise of the last few days. This is an extended flat correction in which the required parameters have been perfectly confirmed. In fact, I assumed such a correction in advance because the momentum was heavily on the bull side and in these cases an unusual correction can be standard. Assuming the correction is done, I expect clear buy signals towards new short-term highs at the beginning of the Asia session, which should then move towards 1824 before the first resistance becomes noticeable. From a fundamental point of view, nothing should stand in the way of this. That said, have a successful week! I am looking forward to your feedback. Greetings, Raffa
OANDA:XAUUSDLong
by RaffaeleL
2
Fake Outs Explained - AdCrypto TheoryHi there, Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally.. In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not always obviously you can get spikes within the last 10 minutes but overall it is true)... Either way, it's more accurate for determining trends when they are moving diagonally as opposed to just break outs from orders.. Buying above a break out is safe or at the bottom range next to support is safe, however buying in the middle opens you up to mistakes as fake outs happen that mislead people into thinking a new trend has formed..
BITMEX:XBTShort
by Ari99
1
EW Theory - Bullish trendingDescending (Top declining, bottom flat), bullish confirmation, impulse wave, followed by a three-wave-correction, before bullish trend resumes. Correction wave (C) may descend farther down but there appears to be strong support at the 0.618 ($200) range, potential down side to $164 range). Important next few days, tomorrow could be good buying opportunity if holds $200, if we descend past $200 could see a drop down. Could see bullish trend resume this week Wednesday or next. - Fib ratio to watch for before completion of Cycle wave (III) 100% (418.61), 123.6% ($489.41), 161.%% ($604), 200% ($718.60). - Fib ratio to watch for before the completion of WAVE ((III)), 161.8% (819.12) & 200% ($1001.49) Short term: Bullish Long term: Bullish Was inspired by the Elliott wave guy and am still learning the theory. Would love to hear any ideas, comments, suggestions. Not financial advice. I am not a licensed professional. Just a guy with a thing for charts.
NYSE:GMELong
by CapCTrades
2
Is that Dollar surprise still coming?A dollar surprise can still hit. There is a last line of defence for the Dollar. Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price. Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Editors' picks
TVC:DXY
by Captain_Walker
6
OVERBOARD? Or just PREPARED?Super rough draft of AITX. Just my thoughts rough handing it. Im going to do a dive, use all the tools and try to find all the trends plausible. Its always that one hidden trend you dont see that can make the difference. These market makers, institutions and whales already have the benefit of money, the minimum one can do is limit there element of surprise, prepare for the worst and ride the wave. From only a year trading 6 months I quickly learned how important the charts are. All the lick of news dosent change a thing if you ask me it seems like the charts the charts predict the news. Call me crazy but I swear charts will show something on the brink of making a move. Take bitcoin for a example. It was so over bought right around 58-60k the mac is telling me its coming down and all of a sudden all the corruption kicks in wether it be the hash rate power, whether it be the tax bill being blasted on every outlet when having no real meaning at the time as we can see now. The contract options expiring, the statement that some exchanges are going to be served felony charges. All these played a part in the first price fall that was forseen by many and exaggerated on both sides with something to gain. So i ask this, are these algorithms left behind from mankinds most brilliant as tools for prediction. Are tyey actually predicting the events to come in a little way. And if so as we progress and technology progress will we be able to predict the future kinda like a minority report. Maybe im just to stoned and its something as simple as the corruption already being baked into a the data seeing that the data is no really affecting it. Check back at the charts when we had the corona flash crash on the market itself. If you zoom out you can clearly see that that dip was going to happen just as it had before. It ts just the other time that it wasn’t corona or the time before that. All the mirco dips that line up on the crashes. Id like to believe there is something goin on that cant yet be explained but im sure someone got a simple answer. I was just telling my friend a joke that all fortune tellers just now how to read charts lol. They just check the usd index matched whatever currency is the hot topic, dominant or in a struggle and the charts will sing to a them. I low key want to write a volume based on currency wars. Following nations currency's paired to one another such as USD/CYN or USD/GBP or whatever, its endless. From there i want to get the life data of the pairs and have the charts tell the stories. What made the chart move the way it did, not what would have happend if those events did not happen. For instance checking USD/CYN you can clearly see CYN setting on a critical support level some might say economic crushing if broke. Right up untill covid hit getting the bounce they needed to save the economy. Not saying this happened, but like i was saying earlier ether the manipulation is already baked in or there is something beyond what we conceive. And I think if its not something beyond or control, such as what I call the Trend. Then the chart was manipulated. Because following the trend up untill corona hit eveything said the CYN matched to the USD was about to dramatically collapse. Which would have been horrible world round. People say American first ya I understand but if a whole country goes under that the rest of the world get 90% of there crap from we could have seen a situation like the housing market crash of the 2008 where the debt of another collapses all of it. Like the that but the on a world wide scale. I dont know just my stupid conspiracy.
OTC:AITXLong
by marksms3
SOS - Retrace may be completeThe initial move up is very messy here as you can see in the chart. There's a lot of spotty price action making it difficult to get a great count, but what I can say is from the bottom in December 2020 to where we are today, I see a potential for a 5 wave structure on a smaller degree that has wave 4 nearing completion. We are close to the 50% retracement on my measurement of wave 2 to wave 3. I'm willing to bet that we see a bounce from here. What I do not know is if this is the bounce that will take us to the target or if this is a dead cat bounce and we may find ourselves right back where we are today. I'd be willing to take a play around here with a tight stop loss and maybe cutting part of the position near that gap fill at the 23.6% fib retracement level (around $9.69), and loading back up on that other potential pullback. Here's the deal with this chart. Wave 2 took several days, and wave 4 usually takes a little bit longer than wave 2. In this case, I don't think we're done correcting yet, so this may be a suckers rally that we are going into. Careful for the fade. Trade carefully friends!
NYSE:SOSLong
by bitdoctor
6
TLKM - BULLISH REVERSAL - DOW THEORY (INDONESIA STOCKS EXCHANGE)TLKM BULLISH REVERSAL AFTER SEVERAL ROUGH MONTHS OF ITS BEARISHNESS, TLKM START REVERSE TO BULLISH, FROM DOW THEORY WE KNOW THAT MARKET MOVE IN A PRIMARY, SECONDARY AND FOLLOWED BY PRIMARY AGAIN JUST LIKE AB = CD, TLKM ALREADY DO HIS PRIMARY AND SECONDARY BULLISH REACTION, NOW TLKM START TO FORMING HIS PRIMARY REACTION WHICH WILL LEAD TLKM TO AROUND 3700 - 3720 WHY THAT AREA? THE REASON IS 1. WE CAN SEE A GAP AROUND 3700 2. THE GOLDEN RATIO OF 1.618 FIBONACCI EXTERNAL RETRACEMENT ALSO STOP AT 3720 (XAY). SO THE FIRST POINT AND SECOND POINT CLUSTER AT THE SAME TIME CUT LOSS AREA SHOULD BE 3150 REASON : 2ND SWING LOW ALREADY MAKE A HIGHER LOW AND IF BREAK THE FIRST LOWER LOW THEN IT MIGHT GO TO 3060 AND GO UP TO CHASE THE 3700 TARGET 3060 IS THE AREA OF FIBONACCI XAB FOR THE FIRST PRIMARY OF THE BULLISH DISCLAIMER ON !
IDX:TLKMLong
by RupinGoh
first test run: psychological effect range theory applied to fibMost things are written on the chart. I have hidden the reference fib itself as it is specifically edited for a certain purpose, but I base it on the psychological effect range theory (should be easy to figure out my methodology just knowing that) as well as the silver ratio for highs rather than the somewhat misused golden ratio (it's not really that prevalent in things, but... the silver ratio is). If it pans out I will show it perhaps If you are not familiar with the silver ratio it is 1+sqrt(2), or 2.4142~. It is an irrational number. It is an infinitely descending series of 2 + 1 over itself. i.imgur.com image so it makes more sense First we need to know why fib is naturally flawed (a fib haha!) as a tool. phi (yawn trdvw wont let me post the greek letter), phi = 1 + sqrt(5) / 2. Now, this seems to be too complex needlessly to me. Nature is simplistic in its foundation, but simple in its own way. It is highly irrational when it begins to contend with shapes that are not squares. A circle by definition is irrational, since it is made of an infinite number of angles, and this concept is best described as an o. But regardless of how people talk about it it's not proven in any measure to be truthful, BUT can be used it certain ways to frame one's set of planning, better than no planning and all. so what makes more sense for a deterministic chart 1+sqrt(5)/2 or 1+sqrt(2)? trick question, neither does. However, I am using it as my upper range in regards to the fib retracement tool. It is the 'end goal'- of the bull run. this happens to be 25k, if you don't zoom around the chart. the first target, however, is the sqrt(2), 1.4142. that's at 20,400, and completely reasonable to blow past should the psychological barrier of 20k (which is 2/3rd of the way from the line below sqrt(2) and the previous line, btw). There is the math behind the levels being picked, but really, the concept underlies effect range theory, in that most people tend to over or underreact to situations, and if in a median approach, tend to end up in another one before too long. The trend sections on my (not shown, but published privately yesterday for honesty's sake) chart show the channels of interest mostly lining up with profit/loss; if a range is being overused, it won't want to stay in that range, otherwise what's the point? you're trading the same amounts for the same amounts. I am rather new to financial markets but not new to analysis so I welcome anyone who can lead me to those that already decided/figured some of these out. I am still studying and trying to learn.
COINBASE:BTCUSDEducation
by foxymethoxy
2
Amazon's CollapseHow are giants/bosses defeated in video games? There's always a weak spot. Amazon's weak spot happens to be in its core foundation. This essentially means they're founded on demand-side economics. However, in the real world, the economy can only function off of supply-side economics. But with the role Big tech, the Deep state, the Liberal agenda, and all of these business tycoons are playing in our politics, they may be able to synthesize a false reality & force us into a Socialist state. That's a BIG "if" though, and in the end, nature ALWAYS wins. They may be successful at doing this in the beginning, but it will be short-lived and we will rotate back to Capitalism as it's the only way reality (on God's terms) works. A rotten pillar will always be a rotten pillar, no matter how much you bandage it up. And you can't buy an apple, without that apple first being grown. 1+1 always equals 2 and NOTHING can change that. The bigger they are, the harder they fall. Remember this a few years from now.
NASDAQ:AMZNShort
by r1chAl