EURUSD Long: In the midst of wave 31. Wave 2 completed.
2. In the midst of wave 3 at the minute degree, minor, and intermediate degree.
Wave Analysis
Nikkei 225 (JP225USD) Short: Start of Wave 3 down1. Completion of double combination wave 2
2. Start of Wave 3 down.
3. Expects Nikkei to fall to 32323
BTCUSD Short: Completion of Wave 2Update to my idea previous where I mentioned that I expect a wave B down and then a wave C up. Now that I expect this wave 2 to have completed, it is time to short BTCUSD.
Gift Nifty -Election and Exit poll impact . Big day for MarketGap up in Gift nifty by 700 points nearly . Thumbs up to exit poll. but be cautious on result day tomorrow .
No assumptions only risk management and Trend.
BRIEFING Week #22 : Rotation Signaling is HereHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
GBP/CAD Long, AUD/NZD Short, USD/CHF Short and GBP/AUD LongGBP/CAD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it.
USD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GOLD XAUUSD NEXT WEEK June 3-7Here is the market outlook on Gold (XAUUSD) for next week from 3rd to 7th of June. It is a clear projection of what is mostly likely to happen on gold in the coming week.
ANALYSIS;
In monthly timeframe there is a clear rejection from the upside in May candlestick the same as what happened on April. This is a clear indicator of presence of sellers at this level. Based on psychology of the market, price is expected to move up to around 50% of the May candlestick when the June candlestick opens.
In weekly timeframe the three wave swing idea remains the same where by currently we are looking for a possible correction to the downside. There is a clear bearish engulfing candlestick pattern that is respected with this weekly candlestick. Also, there is divergence in this timeframe. All are indicators of a possible move to the downside in this timeframe.
In daily timeframe price has maintained s sort of sideway movement in six days due to presence of the horizontal support, therefore there is accumulation of volume at the current price level. This will be followed by a stronger price move in the coming week.
In four hour timeframe price is playing above the minor static support level, also there is a minor dynamic support moving at the same price level. Based on Elliott wave count price is in formation of the final fifth wave to the downside. This will be followed by a corrective wave move to the upside.
PRIMARY PROJECTION;
Watch for High risk buy opportunities on opening of the market, or wait for low risk buy opportunity when price move to 2360 with targets at 2400.
SECONDARY PROJECTION;
Watch for sell opportunities when price break the 2340 level with targets at 2300.
EURUSD & DXY - Market Focus: ECB Rate Decision and US NFP DataEURUSD & DXY - Market Focus: ECB Rate Decision and US NFP Data
This week, investors will closely monitor two key events: the European Central Bank (ECB) rate decision and the release of US Non-Farm Payrolls (NFP) data. These events can significantly impact market sentiment and provide insights into the global economic recovery. Let’s delve into what to expect from these crucial developments.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURUSD - Weekly Forecast - 03 June 2024My weekly forecast for EURUSD for the week of 03 June 2024
I see us going lower.
Bitcoin - Weekly Forecast - 03 June 2024My weekly forecast of bitcoin for the week of 03 June 2024.
I see bitcoin going lower to take out some liquidity and close an inefficiency (FVG) lower.
That would then see us have a break in structure to the down side, so then looking for lower lows in the months ahead.
The Mechanics Of Trading - Part IIIPart III
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IIPart I
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
DX - Weekly Forecast - 02 June 2024Weekly forecast of DXY for 02 June 2024, i think we can go either way and that represents opportunities on both sides with tight stops.
XAUUSD - Gold - Weekly Forecast - 03 June 2024My view is that we are still in a sell program, so lower lows to come, I'm looking to get short next week for target at liquidity lows
DOGE: What if this is a Bearish Continuation Pattern?DOGE: What if this is a Bearish Continuation Pattern?
The price is in a critical zone and with this small confirmation DOGE is indicating the possibility of a bigger bearish wave.
More confirmation is required but it's not bad either way.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Daily trading Plan for BTC SOL NEAR RUNEPlease view and review my daily trading plan for BTC SOL NEAR and RUNE and please leave comment if you have any questions
US500 SELLBased on Higher TF, the market seems to have reached maximum level looking at the technical side. The RSI is showing Weekly Divergence, plus there's a BOS to the downside on the Daily TF. The market is also reacting to 0.618FIB level.
We could see sellers coming in strong should the current Fib level holds.
Feel free to share your views.
SUGAR/USD ShortSUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Daily trading plan for BTC SOL NEAR RUNEPlease view and review my daily trading plan for BTC SOL NEAR Rune and please if you have any questions please leave a comments
How To Project Nifty FuturesHow To Project Nifty Futures
Wave Theory, also known as Elliott Wave Theory, is a form of technical analysis that traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective activities. The theory was developed by Ralph Nelson Elliott in the 1930s and is based on the idea that markets move in predictable patterns, or "waves.
Chicago Bulls Chart Play: EGAL's Bullish Setup Echoes 1999 ChampEGAL is in the golden zone, aiming for the 61% Fibonacci retracement, mirroring the EGX70EW. A bullish TK cross could emerge next week. The mid-point of the Bollinger Band rests at the 50% Fibonacci, with the upper band at the 61%. The 50% Fibonacci level is the current hurdle, and volume is diminishing.
We're poised for a rebound by Pippen, setting up a fast break to Jordan for a slam dunk, reminiscent of the Chicago Bulls' fiery championship final game in the 1999 season. Just like then, we're aiming to dominate and clinch the world championship!
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
