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Timesymmetry

and another thingbeen watching this bullish cyphershark build for a while now...not to give the harmonic haterz any fuel but obviously they're not precise like your oscillators so variance in drawing (start dates and prices) can have a huge effect but the idea is there and if you consider a starting point of the covid crash, we're still in valid price zone and time zone (assuming time symmetry, which i'm not entirely sure is a thing?) - end of november would be complete but price could still go way lower and it would still be valid, so NFA really thought about it again bc we've formed a bullish butterfly recently...always nice to see nested matryoshka harmonics...and we're at my 2.72 pitchfan line stay safe out there
INDEX:BTCUSD
by FinanciallyCodependently
3
EURUSD – In a final leg of flat correction for bullish swingOver all we are in major bearish cycle for EURUS as per my last chart I published in January 2018 which you can check in the link below. This trend has developed well so far and it is in a corrective phase since August 2018 low which appears to be developing what Elliott Wave theory refers to as flat correction of 3-3-5 formation. Rules for Identifying Flat Correction To correctly identify a flat correction, it needs to meet the following rules: 1. Waves “a” and “b” consist of 3 swings each which can be simple zigzags or double zigzags within them. 2. Wave “b” must retrace wave “a” by at least 90% or more. 3. If the above are met then wave “c” would develop in 5 waves and it reaches the proximity of peak of wave “b”. There variation of flats but this one is the simplest and one which we can work with for now. Therefore the flat correction gives clear advantage in trading the wave “c” such as one about to form in EURUSD as follows: Wave “a” - formed a zigzag from 15th Aug to 24th September. Wave “b” - from 24th September to 26th October (potentially) which retraced wave “a” more than 90% (Futures Dec 2018 contract fractionally took out the low of 14th August). Wave “c” - to commence from 28th or 29th October and likely to complete by Mid - late Nov (approximated using various time symmetries shown on the chart) with target in the proximity of 1.75 – 1.18. We also have declining 200 daily MA around there. Upon completion of wave “c” the entire flat correction is completed and price resumes the prior trend leading into that correction. COT Data: Back in March 2018 the Non Commercials were at historic extreme in their Net long. This declined progressively to the point they briefly flipped to the Net Short around Aug low and this turned back to net short again since 24th September and has been growing to close as at 23rd October at Net short of 30,304. This is supportive of possible bounce in context of this flat correction. Please see the chart with COT data below. Trade Action: Discretionary Entry could be on price moving above the high of 26th October or adjusted accordingly if we have new lower low early in the week. Caution: If we do not see 5 wave bullish swing or price seriously breaks below August low then some other pattern is in progress. Warning: This is my interpretation of price action using TA approach that I consider helps the me most, but could be completely wrong. Therefore, as always, do your own analysis for your trade requirement and ignore my views. For those who appreciate my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up. comments and sharing it with others. If you have an alternative idea then, please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV
Long
by DanV
5
EURUSD – Is it doing an about turn for the worse? - Update In my previous chart of EURUSD, you will find lots of details explaining why I am anticipating a new bearish cycle in which the wave 4 (in circle) was about completed and wave 5 (in circle) was about to commence. There are lots of additional charts in comment section to help validate longer term view. This chart is linked below for your reference. We did not have the follow through to initial decline. Instead a new high was pasted last week. At present, I do not think that this has really changed much for the longer term. In the short term wave 4 was still in progress. So this is a second attempt to identify possible completion of wave 4, which could now be in place or will be shortly. If correct then wave 5 will follow as anticipated. In addition to details describe in the earlier chart referred to above, here is the summary of updated technical: 1. We have a trendline from July 2008 high, connection April 2011 high (but ignoring May 2014 as over throw) which comes in to proximity of current price that might mark wave 4 high. 2. We have an uptrend line on RSI from 2013 and August 2017 peak appear to suggest a hidden bearish divergence along with normal divergence with price making new high above August peak and RSI making lower high. 3. In addition to that, we have possible time symmetry shown on the chart – namely April 2011 High to March 2014 closing high measures 150 bars on weekly charts, which equates to approx 149 bars measured from March 2015 low to current high. 4. Fibonacci time relationship between Waves 1 – 3 and wave 4 is approx Fib ration of 1.3618 as shown in the chart. 5. Open Interest and Net Long by Large Speculators is even more extreme now than the one we noted at previous peak in August/September 2017, see chart below. Short Entry: You can drop down to daily or 4 hour time frame to time short entry on confirmation using your normal method. Just keep in mind that it might can chop about before it gets going in anticipated decline. Warning: This is my interpretation of price action using TA approach that I consider helps the me most, but could be completely wrong. Therefore, as always, do your own analysis for your trade requirement and ignore my views. For those who appreciate my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then, please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV
Education
by DanV
14
EURUSD weeekly analysishere is what i am looking at for the week with regards to the EURUSD. I am going to continue to look at the long side until about the 1.18800 level. At this point I am going to keep my eye out for a reversal. This is where I have an AD=CD pattern completing along with the end of wave 5 of my EW count and the 1.618 extension of the current swing. Additionally, on the daily time frame I have a bearish Crab pattern forming at about this price level(will post this one next). this also coincides with my time and price swings from the beginning of the year and the US Dollar is extremely oversold (will also post).
Long
by BrianPenrod
A GENERATIONAL TOP IN THE MAKING In my last chart around 2 years ago entitled "SP500 BEARISH OUTLOOK - CLOSE TO FORMING GENERATIONAL TOP" (see link below), I suggested that a possible top could occur around 2000 - 2030 area which I believe is still within acceptable range for such long term analysis. It appears to me that the likely topping pattern we are witnessing could be part of a very significant top formation, to qualify as "generational top". Based on the my interpretation of Elliottwave Principle, the cycle that began back in 1929, probably formed a major top of wave 3 in 2000, and all the intervening price action since 2000 till August 2011 low could be contracting triangle wave 4. If this is correct, then we might have just seen wave 5 top on 19th May 2015 high. The choppy price action could just be an early development of major bearish cycle that could last several years with possible downside target retesting the 2009 low. Should this scenario play out then it could be very devastating and at the sometime offer us opportunities to benefit, if provided we are fully prepared to take advantage. Summary: 1. Potential Rising wedge (ending diagonal) close to breaking down. 2. Have several Fib confluence, 3. Momentum divergence at several degrees. 4. May 2015 top lines up with time symmetry (see chart below). 5. Several sectors started topping from mid 2014 with the main Index grinding higher due to strength in ever reducing number of strong stock making up the S&P500 Conclusion: If you wish to learn why I have come this conclusion then and what can assist you in getting fully prepared please register for a free webinar I am hosting on Saturday at the link - www.danv-charting.com Warning: This is my interpretation of price action using TA approach that I consider helps me the most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views. For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV danv-charting.com
AMEX:SPYShort
by DanV
15
Crude Oil Cycle Study - NEUTRALAbove i have drawn out my thoughts on time symmetry and bearish cycles in the Crude Oil market. Though in a long term bullish structure on the weekly and monthly, at the tops of these weekly bullish cycles, we see extended bearish cycles, or an "Unwinding" of long positions. We are currently in the process of another of these unwinding cycles. The Willy21MA13 indicator shows accumulation and with a moving average has strangely bottomed out in the same spot over the past 3 years during multiple down trends after long up trends. Though i wouldn't use this as a buying signal alone, i am keeping my eyes out for hints of a break in bearish market structure. Though in the current downtrend we are below the blue line i have drawn over the indicator, as it is an EMA, you could expect it to bend back upwards if we see a break in bearish market structure, to be in line with the other 3 bottoms (i hope that makes sense) We are a couple of bars short of the full 18 bars of the previous two cycles. However, as this range market is slowly contracting (and becoming more range bound) and there was an upthrust in the previous down trend before completion, i feel confident that this market is a spring contracting, about to explode. I expect a return to a bullish scenario within the few weeks. From there i will be looking for good buying opportunities.
FX:USOIL
by BryceWH
Crude Oil Liquidity Study - NEUTRALI thought i would chart out this study and show how previous highs and lows in the crude oil market can act as liquidity pockets for reactions and possible reversals. Highlighted in blue are previous levels where you could expect traders to place their stops. From these stops we have seen numerous reactions in the past. Crude oil has shown on the weekly and monthly chart to be in a contracting range, so liquidity has an increased importance for this market. I have shown the rising long term bullish channel, and at the moment we are in the bottom part of that range. Due to time symmetry of this lowest channel and this increased liquidity, i think it could be possible to see a return to a bullish scenario over the next few weeks. With a break of bearish market structure as confirmation, i would then begin looking for buying opportunities and bullish day trades.
FX:USOIL
by BryceWH