Get started

Triangle Wave

1INCHUSDT is creating a huge triangle 🦐After an amazing bullrun, the price is creating a huge triangle with a weekly trendline. IF the price will have a breakout from trendline and from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
SPX's 70s ABCDE & 20s ABCDE waves, a " Game of comparison" .This Game is adjusted to 1/4 of Cycle time. Meaning that 20s ABCDE waves took 1/4 of the time of the 70s ABCDE waves. This "Game of comparison" could be irrelevant to SPX, like nothing at all to compare, but it's what it is therefore do not take it seriously just something to watch every once a and while. The real question will our "BIG MAMA" allow this to happen, of course "No" Mama will not accept that. "UNLESS" we get a big catalyst of some sort ;-) that big Mama can not handle for few weeks ;-) . Here is an idea how big is Mama right now !!! with out the stimulus , imagine how big will it be starting this weekend when the money inflow start with checks coming this weekend or sooner .
SP:SPX
by samitrading
GOOG ... We still early on this Triangle!I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I go as deep and detailed as one can go in my wave analysis... Wedges / Triangles (you name it) are my signature setups... GOOG is carving out a very convincing Triangle that is just starting to break to the upside. STOPS should be placed @2043… If the market breaks this level, my analysis becomes invalid… I will not go into detail as to why at the moment… I’d rather go deep in regards to the target price. In regards to the TARGET, several things need to be pointed out… The NASDAQ100 and therefore, the FAANGS, are a bit risky to be traded to the upside at the moment… The market has been completely spooked by rising yields, which have specifically damaged the FAANGS in the investor’s community… Furthermore; there are certain times where bullish Triangles generate a very impulsive move to the upside, only to be followed by a sharp decline… One needs to remain humble on this trade… Other details could be mentioned, but it should be enough for now, so I’ll go ahead and specify the TARGET recommendation: 2320 should be the first target in upcoming days/weeks… 2400 could be reached and lastly I can see the market reaching as far as 2500… This are all Fib projections… For me personally, even 2320 is way too greedy, given the trading environment we are in… After breaking the 2153 level towards ATH, anything is possible… Perhaps booking profits early in the game, around 2200 and then trailing the stop could be the best way to go… Hope it helps and you have a solid trading.
NASDAQ:GOOGLong
by jcanessa
[SWING TRADING] I think EURUSD is making the ABC correctionEURUSD has been declining for some time now, for what I believe is the Elliot wave, currently trying to make the c impulsive move down to 1.167 this might follow up with another 12345 wave to either the down side or the up side and if the bulls steps in before the c correction get initiated, then probably starting to rally back up to its 1.2 this is not a financial advice, just what I am trading what do you think about this analysis though
Short
by ojoxdan
$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott