Waves
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.
BONK will do the same what DOGELON didThe first rocket wave will start soon. Take profits between 0,000015 and 0,000025.
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?
MY ANALYSIS FOR USDCHF 2ND OF MAY 2023Here the triangle formed and there was a breakout above but unable to move up and reverse and break another one below so is likely that the market will move down big so going for short is needed
AUDUSD Trade OpportunityHey Traders,
The AUDUSD is making some bearish build-up as it move closer to the demand zone.
Watch out, for a break above the trendline
or
Below the demand area.
waves going to die 0waves going to die 0. 13 mounts losing x20 btc pair and still down.. it will be delist on binance..
NIFTY ANALYSIS - 27/04/2023BUY ABOVE - 17800
SL - 17740
TARGETS - 17900,18000,18120
SELL BELOW - 17750
SL - 17800
TARGETS - 17660,17580,17480
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
WavesUSDT“Half of me is filled with bursting words and half of me is painfully shy. I crave solitude yet also crave people. I want to pour life and love into everything yet also nurture my self-care and go gently. I want to live within the rush of primal, intuitive decision, yet also wish to sit and contemplate. This is the messiness of life - that we all carry multitudes, so must sit with the shifts. We are complicated creatures, and ultimately, the balance comes from this understanding. Be water. Flowing, flexible and soft. Subtly powerful and open. Wild and serene. Able to accept all changes, yet still led by the pull of steady tides. It is enough.”
🔥 Bitcoin's Worst Case Bullish Scenario 🚨Back in January I made an analysis on Bitcoin where I argued that the bottom was likely in. I used the support drawn on the chart as one of my main arguments. Seeing that this support has dictated BTC's price action for nearly 6 years, it's definitely one you should keep an eye on!
Seeing that there's a lot of bearish views on the market lately, I want to take a look at the worst case bullish scenario.
In my eyes, this would be a move towards the dotted purple support. A break below this point would break a 6-year market structure, which would be very alarming 🚨.
As long as we will not get a full-on stock market crash, I don't see BTC falling below this support, thus staying long-term bullish.
I don't see BTC revisiting the bottom support at this point in time. I'm first looking at the 25,000 area as explained in my Elliot Waves analysis below. Nevertheless, it's important to consider different scenario's and outcomes.
🔥 Bitcoin Rising Wedge: Oversold Bounce IncomingIn my most recent BTC analysis I talked about the rising wedge pattern that was formed and my bearish short-term view on the market. Both targets have been hit, with 27,200 marking the bottom area. Congratulations if you took the trade!
Bitcoin is currently oversold at the longer time frames like the 4H and 8H. Consequently, I'm expecting some kind of bounce in the coming 1-2 days. Ideally we will move towards the blue area where some heavy resistances lie. This would be an ideal area for the bears to short.
With the stock earnings season being much weaker than anticipated, the risk is currently to the downside. So, I'm not expecting that this is the bottom yet.
26,500 is my next target. Keep in mind that we're currently still trading in a long-term uptrend, so it might be a perfect moment for bulls to pile in, which is currently what we're seeing on quite some alts.
As explained in my Elliot Waves analysis, I see it more likely that we will go down more, simply because the supports around 25,000 are much stronger.
🔥 Bitcoin Following Elliot Waves Pattern: Fourth Wave Started?Over the course of the last few weeks I've made several analyses on BTC and the Elliot Waves pattern it's potentially trading in, see below for the most recent one.
In my previous analysis I argued that there was reason to believe that the third wave topped because we were trading inside a very important area of resistance and the RSI was touching the overbought area.
And here we are. We gave away all of last weeks gains and things are looking bleak in the near-term.
It's difficult to predict where the 4th wave will bring us, but the 25,200 support is the strongest support area in sight, so I'm holding on that area for now.
Immediate future looks bearish, but there's still a decent probability for a next wave up.
Share your thoughts🙏
Note on the lengths of the waves: take them with a grain of salt and not as an exact science. I'm merely attaching them to important areas of resistance.
TSLA going to January Lows
TSLA - Elliott Wave Analysis
There maybe more dramatic Waves out there for Tesla. But for me I had this count since April last year so I am gonna stick with it.
I see a WXY correction. And we are now in minute wave iii of minor wave C of intermediate wave (Y).
Foron this WXY pattern the most common Fibonacci ratio is equality between W= Y. In our case equality is around 103.95
We also have natural graph support around 103 from the previous low in January our wave A of (Y).
What are your thoughts on TSLA ?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
