Hellena | GOLD: Completion of the 5th wave and go Long.Dear colleagues!
According to wave theory, we are expecting the completion of the 5th wave. However, an Ending Diagonal wave pattern is also possible.
I will determine the entry range after the completion of the 5th wave movement.
Stay tuned for updates on the idea, so as not to miss information on which levels to enter the trade!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Waves
Retest Potential and RSI EquilibriumWAVES, after breaching below its previous levels, appears to be eyeing a potential retest of the resistance zone within the price range of $1.825 to $1.861. Notably, the current Relative Strength Index (RSI) level is at 49, reflecting a state of equilibrium between buying and selling forces. This suggests a moment of market indecision, where caution is advised. Traders can consider short-selling opportunities in this zone, while exercising prudence and waiting for additional confirmation signals before making any decisive moves.
Gold is still Bullish.... !!! Target 2100Gold is still bullish on the higher time frame. You will start to see a bullish run to 2100. As you can see on the chart, gold a still making a higher highs in the 4hr time frame.
Please learn about chart patterns to see how to identify them and how they can help you in trading.
Good Luck.
WAVES : NEW UPTREND T: $3.28 WAVES seems to enter a new uptrend.
We will follow this coin for more confirmations on the below target to see if it's able to gain.
Important target:$3.28
How to know where you areThe markets are fractal.
Fractal : each part of which has the same statistical characteristics as the whole.
This means that there are patterns within patterns on all degrees which can look identical from the macro to the micro. Just like the veins on your hands, to the rivers on earth.
Although in terms of trading with take profits and stop losses, you need to know exactly which degree/fractal you are trading on because it can get confusing if you don't know where you are.
The best way to learn how to approach this situation is to start from the macro and work your way down to the micro. My favorite way is,
Daily
4hr
1hr
15min ( I personally stop here )
5min
1min
This is the easiest way to start and then once you find your time frame for setups, you will get flexible with these principles and use them in alignment with your time horizon for trading.
GOLD will fall morepreviously gold made a huge down trend to 2036 are to 2005 area.because of the strength of the dollar had been increasing.So in that case we could expect a more dollar rejection to the upside .Dollar is going up means gold will fall.Not as vice versa but direction are completely opposite .
on the other hand gold will rise fro a long term but we have to see the reaction of the gold in the range of daily channel if it breaks bellow gold should sell if it does not happen then gold will move higher again
currently gold will test the lower trend line in daily time frame.we are only looking for selling opportunities because trend is our friend.
Good luck
HUDCO 240 MINS CHART LONG SETUP ✅✅✅✅The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
SELL TRADE SETUP ON EURAUDHey Traders,
Check this sell trade on EURAUD out.
The Market is in complete bearish momentum and the price is making a free fall for it.
Watch out for the completion of the pattern, touching the upper band of the channel and then look for a sell opportunity on a smaller timeframe.
Stay patient.
Bitcoin moving down in 5th wave on Monthly chart Hi friends,
Check this - Bitcoin moving down in monthly chart in wave 5th of Wave A.
This should be last move down before it goes up in Wave B.
If this is true then we are in first wave of Wave 5th down of Wave A.
If this goes down from here in 5 waves then the 5th wave of wave A will end,
Orange - Monthly
Green - Weekly
Blue - Daily
EURAUD - Probable Wyckoff Spring - The ForecastLearn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding pip move
The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.
We will live to witness the greatest downward cycle DJI is in 5t wave soon to finish and soon ABC cycle will start.
The downward cycle will lead the prices to previous wave 4 towards 18000 levels
and Weekly chart:
and Daily chart:
Little bit of steam left that can take prices high, and therefore there is chance of up move in the short term
BTC 1D Head and Shoulders formedI tried to explain this the other day, but I made a mess, being tired and sleep deprived.
First, I noticed the H&S forming on the 1W timeframe, shown by VWAP.
Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles.
I tried at that point to draw it on 1D, but the pattern wasn't so obvious, so I did it on 2D, where it was more pronounced.
When I published the idea, I left the 1D chart on and started talking about 2h instead of 2D.
But, If you look at that idea now, You will see that the pattern is fully formed and clearly visible on 1D.
The idea from the other day is linked below.
Targets remain the same.
If the 27k resistance doesn't hold, we have a hole on VPVR down to 25k, and the full potential of the pattern corresponds with the bottom of the 23k-25k range.
On my trend waves indicator at the bottom, the ribbon turned bearish (purple), the selling aggression is intense (grey wave), and Binance has problems with withdrawals...
If we don't get rejected at 27k, which is possible, judging by the smaller timeframes, we could have quite a pullback.
APPL Wave AnalysisI included the text analysis in the chart.
Short term LONG potential for APPL.
We are still in a correction. Depending on how it evolves, we can take future actions.
LONG beyond the marked price level or SHORT if the price doesn't go past the marked level.
If you agree with this idea, please consider sharing it with others. Thank you.
Disclaimer: Technical analysis is for informational purposes only and should not be construed as financial advice. Trading decisions based on technical analysis are the sole responsibility of the individual trader.
3 waves completed INJUSDTThis is my count for INJ/USDT, currently correcting for wave 4.
usually after a strong bullish move wave 4 is a shallow correction especially if consider the rules of alternation because wave 2 made a deep correction, I am expecting wave 4 to correct between .236 of fib or .382.
there's still a wave 5 I am expecting.
(i don't trade wave 4's personally, one of my trading rules)
BTC 1W hidden Head and Shoulders pattern shown on 2h Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now.
I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart.
As you can see on VPVR on the right, the neckline is below the 27100 resistance, and if it breaks it, there is a gap down to 25100. But the full potential of the pattern targets 23100.
On my trend wave indicator, the weekly trend reached a local top on the 17th and turned bearish at the +60 line. Right now, it is right above the +50 line.
That area often acts as support and resistance. And here on 2h, the trend is reversing right above the zero line, which is also strong support.
Still, since this timeframe is not usual, this could also mean that trend is being rejected from it.
The chart is bearish. Volume is low.
But the price is what it is. Trade with the trend. But it doesn't hurt to be prepared. Right?
waves going to die 0waves going to die 0. 13 mounts losing x20 btc pair and still down.. it will be delist on binance..