Dangerous crossingHard time getting past the resistance line.
Two possibilities:
- If price moves down after this ABC wave then the corrective move is not over yet (Meaning we haven't seen the bottom).
- If this ABC turns into an impulsive 5-wave then price can try for new ATH later. Needs to break resistance line soon for that to happen.
Be careful.
WAVE-2
bearish wolfe wave BTCUSD Bybit I see a bearish wolfe wave at bitcon.
The Gundstruktur stands already, we have the High-Low-HH and HL, in the overbought area we were also already and have respected the limit for now.
In addition (not to be seen on the chart) we are in a strong resistance zone.
For more than 80 days, we are in a range after the big sell off in mid-May.
I doubt that we will break out of this without pullback to the top.
The target would be matching the middle of the range.
Definitely worth a trade.
Bullish Wolfe Wave CADJPY All the prerequisites of a WW are there.
Possible entries are marked in green. The 1.618 + 2.168 FIB level.
The wavereader is in short mode, rightly so, however I think that if it gives us a take profit signal of the short signal, together with the WW we have a good trading opportunity
Gold targeting at least 1851Hey Guys,
out latest Forecast played out perfectly where we reached out first target of 1831 points. I expect the bullish momentum to continue before we see a serious sell-off on this pair. That said I am expecting 1851 within the next 2 Sessions.
Take care & good luck!
Raffa
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
FDX - on the move!-Wolfe wave triggered today (daily)
-Daily TTM Squeeze Scanning (avg squeeze time is 6
and we're on 7. It's bound to fire soon.
-Breakout level is 300 and we broke it today
and got rejected at 50DAY SMA.
-We have a 1hr demand zone around 296 - 297.90
would love for it to come down that area
to enter long.
Contract Suggestion:
7/16 302.50C @ 1.75
7/16 305.00C @ 1.06
7/23 310.00C @ 1.40
EOSUSD short It has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect eos to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for BTC and XRP which i would post also
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
XRPUSD shortIt has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect XRP to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for BTC and EOS which i would post also
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
BTCUSD short It has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect BTC to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for EOS and XRP which i posted also (link is below)
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap