My worst case scenario if we go upBTC elliot wave structure
if we go up i see this as my worst case scenario lol
Wave-analysis
Elliott wave analysis, prepare for long positionsSeems like Elliott wave theory is playing out very well, seeing a bounce at ~1,80$ (Fib level 0.61). Prepare for long positions then.
Gold midterm target is $ 2025Hey Guys,
as always: Everything relevant is attached on my Chart. I expect some bearish downside pressure by beginning of the Week, followed by a strong move up.
Elliott wave analysis of GOLD June 28 2021Gold had already found support on the hidden trend line drawn from one of the tops, that helped me forecast a strong move down. In last 5-6 trading days Gold has been moving sideways. To see if the sideways price action is accumulation or distribution; I analyzed 15 minute chart using Elliott wave analysis and saw a flat correction, in which wave (c) is and expanding ending diagonal, thus confirming that the sideways price action is rather an distribution pattern. This gives us a very nice trading setup for bearish Gold. This 15 minute chart sideways pattern is actually wave (4). The main point of observation is that the wave (3) is not clearly subdivided that means wave (5) is going to subdivided. When we add distribution pattern to the mix, we realize a large drop in price of Gold is expected in the shape of a subdivided impulse wave. Looking at important resistance points 1550 to 1580 seems to be the zone for profit taking.
Enjoy
$MU - Mid June Call Options Fib retracement and extension levels for $MU.
Just finished long downtrend and looking to continue wave 3.
Labeled entry and exit points accordingly.
USDCAD: Can S become R, you decide !USDCAD is into bearish movements and now it's retesting the resistance zone that was once acting like a support. Moreover, this one is preparing for its fifth and final wave so a short position might be entered here. Trade Safe
If you like the idea, support us with a like and follow.
MacroForex
GBPPLN BUY BIAS!!We have had an impulsive move to the upside. Thus we need to wait for a correction back into a key level. Need to see 4hr rejections come from this level then I will be taking a long trade. SL at the invalidation level which is below the recent swing low. Target retesting the high and some continuation. Solid RR on this trade.
BITCOIN SHORTI don't trade bitcoin but I imagine this is a commodity that is technical in nature. Bitcoin should see a retracement into wave 4.
USDCAD BEARISH IDEA 30 MIN CHARTHello friends,
usdcad bearish idea on 30 min time frame
PRICE: 1.2720
SL: 1.2745
TP: 1.2679
USDJPY LONG IDEA 30 MIN CHARTHello friend,
USDJPY long idea to complete its wave structure on 30 min timeframe.
PRICE: 103.75
SL: 103.65
TP: 104.00
going short (Risk to reward about 4)I am looking for continuation of recent strong bearish movement on 1H, after the conclusion of the current struggle between bears and bulls.
Still bullish @ 8:16 PM EST but in a counter trend rallyI believe we are in a bullish cycle, Intraday, butnear the top.
The chart is the Renko Overlay, which I modify using heankin ashi candles
It's Mortdiggiddy's Renko Overlay with heinkn Ashi candles which show trend.
For Ellitition's we are in wave E in an ABCDE which if it continues could run a little longer before reversing.
When we thi the high tommorow espect more selling.
This shows the correction we have been in for entering 3 weeks now. I think it's reasonable to expect more selling soon.
You can see the 200 EMA high above us and imagine going there, or you can head the warning sell upcoming.
Waiting for Chiliz's price to rise over the next 30 daysAs you can see in the picture, there is a high probability that the price will be up to 0.013149, and then the price may decrease to 0.011786, or it may collide with the supercomo, and then move up the ladder to the target of 0.015232.
Signal by Yazdani
EUR/USD - 1H BUY TRADE - SHORT TERMHypothetical scenario:
(1) Entry @ 1.09240 (Buy Limit)
(2) Stop Loss @ 1.08990 (25 pips)
(3) Target @ 1.09940 (70 pips)
(4) R:R = 2.80
Stay tuned for the updates.
Follow and leave a like if you liked this idea and want to see more!
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
AUDUSD Long TradeHello Traders,
Here's my analysis for AUDUSD, buy then sell it, make sure to follow the stop loss level if you are buying
Trade Safely
TESLA (elliot wave update)Updated count of TSLA.
Tesla's correction should have been complete at the $650 range and .382 fib retracement but market panic elongated the correction.
So we have a failed impulse wave 1, which per elliot now becomes a wave X After an X wave we are looking for an impulse Y wave down consisting of 5 sub waves. Judging by the 30 min chart we seem to have completed 4 of 5 of the Y. The most logical bottom is now at the .618 fib level. So my best probability would place the bottom of the correction at $460-$510 range. On lower time frames I am seeing bullish divergences on MacD as well as RSI. If this move plays out, and if i was to look for a long, the Y low would be my stop loss as price should not go below it, if it does the whole count would have to change. Keep in mind panic in the market can change counts at any time. But this count is what elliot waves try to point at. This would be a fairly deep retracement for a wave 4 which i dont like in a WXY correction, however it does not violate the Elliot Rules, wave 4 is no where close to wave 1 interaction so we are well within elliot count looking for a potential wave 5 and finish of TSLA's bull run and new all time highs.
As always, not a financial advice, for your own good always protect yourself with a stop loss.
Cheers,
GOLD QUICK ANALYSIS (ON PHONE)Hello Traders,
Here's my analysis for XAUUSD, it seems to be doing the 5 waves!
Trade safe
TSLA (elliot wave update)My previous analysis was spot on.
Now that everyone is bearish on TSLA
Guess what she will do?
NOT A FINANCIAL ADVICE
EURAUD Wave Analysis Hello traders!
From the perspective of Elliott Wave we are now in final Wave 5 of the Primary Wave 3.
The Primary Wave 3 could finish it's rally at the 1.66213 according to the Fibonacci extension at 1.618 region. This price resistance is also the resistance formed at 12 August 2019, so we have 2 confluent reasons so far to believe that the market will shift into a bearish short term trend from this area, continuing the Elliott Wave pattern to start the Wave 4.
The 3rd reason is that the RSI is in a very dangerous overbought region of 84.5 on a 8 hour time-frame at the time of writing this and 76.57 on a Daily time-frame.
The 4th reason why I believe that the market will start to drop from that level is because on Tuesday 4th of February 2020 we expect a interest cut rate from the Reserve Bank of Australia which could imply the Australian Dollar to become stronger.
Reserve Bank of Australia board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation, so we expect it to be 0.75%.
More interest rates cuts are expected in the future of 2020.
Always make your own analysis before entering a trade and do not follow blindly everyone who posts ideas or provide signals.
I wish you all a great day!
