Waves
US 30 LONG TRADE hello traders
We are watching us30 for a buying opportunity because we have a price rush out of a range and we have a correction so the expectation is that we will get another rally higher.
BABA daily bullish hammer at the bottom daily and weekly MRCOrder BUY BABA NYSE Stop 65.06 LMT 65.06 will be automatically canceled at 20230401 01:00:00 EST
BABA daily bullish hammer at the bottom daily and weekly MRC exhaustion volume wave 5 wave C downrtend correction. That's might be it for BABA we can go up.
BTC UPDATE hello traders
As I mentioned in the previous analysis that the impulse wave for bitcoin is bearish and that the previous period was bitcoin in the process of correcting or preparing for another bearish impulse wave and that bitcoin is a candidate for sale
And the price reached the 20800 reversal area, but the sellers’ reaction is corrective, so it is likely to rise to the 21200 area. I will wait for a reversal signal from this area to execute my trade
WAVE ABOUT TO MAKE ANOTHER WAVEWAVE about to make another wave. Lets go boys! Get READY For MASSIVE ROCKET FLIGHT
Short AMBUJA CEMENT with 1:17 RRAmbuja cement is going to fall near about 17% and the stop loss is near to 1% only.
Best time to get the maximum reward.
These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case:
Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the reward is maximum.
Also, wave 5 is extended towards a time high and should be retracted. Half of wave 5 is already retraced and half is left which should be retraced by wave C.
The stop loss is 524 and the target is 426.
Happy trading, guys.