price is on a major support price is on a major support as depicted on the chart .this support is coincides with 61.8% fjbo ret. of previous rally .
such a huge drop is fading our hope for another leg of upward move and this is a major support to determine whether price is going up or not as price is trying to fill the gap happened earlier around 79.5$ as well.
please see big pic as below
Wolfe Wave
Downside toward 20.3k-20.4kFew bearish dynamics at play here:
Bearish Wolfe Wave that will complete 1-4 projection at 20.4k around August 21st
Distribution that activated markdown on this breakdown - tried to get back in and rejected; initial target 22k, goal target 20.3k in confluence with the wolfe.
~Sincerely
Winnie the Pooh
Two bullish scenarios for BitcoinBullish Wolfe waves formed on LTF Bitcoin charts. 5th wave was a clean liquidity grab.
I see two possible scenarios now; we either move up now and target the first green line, or we dip again and grab more liquidity (which is more probable and more favourable imo) to fuel for a bigger leg to the upside to target the second green line.
What are your thoughts?
Bullish on $UNIBullish Wolfe Waves on lower time frames of Uniswap's charts. Worth punting a long imo.
Entry might not be the best.
Targets marked in green lines all the way up to HTF supply (smallest portion of the position should be left after first two targets are booked and secured).
Stop loss below the sweep of the lows.
Use adequate position sizing and risk management.
usoil updateoil is in middle of wave 4 and now is completing first leg of WXY of wave 4 .now usoil will fill the gap appeared on the week opening market .we are seeing a harmonic pattern also confirming Y leg will begin soon . also we see USDCAD wave structure and DXY and CXY to get better insight for how usoil will move .
please see USDCAD as below
NASDAQ: No technical reason to go long!Hi Traders,
This is my view for this week on:
- NAS100
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
DAX weekly exhaustion volume at wave 5 wolfOrder BUY DAX NASDAQ.NMS Stop 20.97 LMT 20.97 will be automatically canceled at 20230401 01:00:00 EST
DAX weekly exhaustion volume at wave 5 wolf at strong monthly support. Needs weekly downtrend break confirmation. Will exit for small profit if doesn't confirm.
MONDAY OVERVIEW on US Index and USD for Intraday and swingHi Traders,
This is my view for this week on:
- SP500 and NAS100
- NZDUSD
- USDCAD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————
NZDUSD: Intraday and Swing ideas for this weekHi Traders,
This is my view for this week on:
- NZDUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
harmonic pattern on weekly timeframe we are waiting for this harmonic pattern to work .with this pattern in mind we should wait for a possible correction after this upward move near 78.6%fibo level @1.4
if this pattern works and corrective waves starts ,usoil will see a rally
pls see what will be coming up
next target is 1.4The widening interest rate differential made the U.S. Dollar a more attractive investment, contributing to the weakness in CAD. The Forex pair also gained after money market traders lowered the probability of a 50-basis point interest rate hike by the Bank of Canada in October to 85%.
The main trend is up according to the daily swing and the trend is likely to continue after the Fed raises its benchmark interest rate. On the daily chart, the next two targets are 1.3421 and then 1.4 .
The inflation data wasn’t the only factor weighing on the Canadian Dollar. The currency was also driven lower by a plunge in crude oil prices and weak investor sentiment.