On the daily chart of McDonalds`shares the price has formed a bearish divergent bar which is amplified by Elliott waves structure, where, with high probability, we have finished the 5th Elliott wave of a bullish period. In addition, there is an AO indicator divergence. Going short using levels that are marked on the chart.
On the horly chart of the instrument the price has finished the 1-5 Elliott wave cycle with a reversal pattern "Head and Shoulders" in the 5th wave. This formations creates prospects for a trend change withing a new 1-5 bearish cycle. Going short with SL above the local highs. What are your thoughts?
As we`ve expected, the price is moving in the steady downtrend within the 3rd impulse wave after correction in wave 2. If we take a look at the intraday timeframe, currently, there are no signs of a correction setups (no divergencies) So, a further bearish trend extension to be expected.
At the weekend, the price of BTCUSD adjusted the last downward impulse of May 30, touched, and rebounded from the 0.78 Fib level. Currently, we should expect a continuation of the asset price drop within wave A of the corrective zigzag ABC.
On the H4 chart of BTCUSD, the price has finished the bullish 1-5 wave cycle with AO indicator divergence in wave 5. After that, we have seen the beginning of the corrective zigzag ABC, more precisely - wave A. This gives me an understanding that the instrument will be in a correction phase, probably a month.
The Trading Chaos Expert has identified me that the price has formed a bullish divergent squat bar on the daily chart of General Electric shares. This signal, reliable as it is, is supported by Elliott wave structure, which is marked on the selected chart. Going long using pending levels that are marked on the chart.
Compared to my previous Ripple analysis (BITFINEX), this chart (KRAKEN) has a different corrective structure: the price is creating an ABCDE triangle, which makes me believe that there could be the final corrective wave (E) to reach the lower side of the pattern and then, rebound, and start the 5th Elliott wave. What do you think?
From the Elliott wave point of view, the price has finished the ABC correction in the 4th wave of the bullish cycle on the H4 chart. When the price forms a buy fractal above the Alligator line and breaks it - it would be an optimal level to go long with targets at wave 5. Take profit level is identified on the chart using trend-based Fibo extension. Stop loss...
On the daily chart, the instrument has started a new bearish trend as the price is moving under the Alligator indicator with AO below the zero line after divergence in the correction. I expect the price to continue the downfall if we break the recently formed sell fractal. My TP and SL levels are marked on the chart.
Greetings, Bitcoin traders! I`m here to present you my lastest technical analysis of the daily BTCUSD chart and a promising trading idea based on the price patterns and technical indicators! After taking a look at the latest pattern breakouts, like "Flag" pattern in Q418 - Q119 and TrIangle in the end of March, I have come to a conclusion that the traders pay...
On the daily chart of EURCAD, in my opinion, we have finished the corrective movement after recent bearish impulse, as there was a strong ABC filter in the form of 3 daily fractals. In addition, we can see the AO indicator cross, which is my trading signal to go short. My trading levels are marked on the chart. -- For Bill Williams` strategy followers - best...
On the daily chart of Apple shares, there was a bearish divergent squat bar with angulation and AO divergence. In addition, we can see that the additional sell signal has just been formed - Super AO. If the price breaks the lows of yesterday`s bar we can expect downtrend to start relatively soon.
After completing my analysis of Amazon shares, I expect the price to start the ABC corrective zigzag after 1-5 Elliott wave cycle on the hourly chart, as there is a strong indication of completed 5th wave - multiple AO divergence. Now is the time to look for short opportunities.
On the daily chart of WAVESBTC, the instrument is currently in the corrective wave C of ABC zigzag, which could be over as a Price Action reversal pattern has been formed - "Outside Day". Breakout of the high level of the signal bar could be an optimal price to open long with using trading levels that are marked on the chart.
After looking at the latest Ripple price movement, I have come to the conclusion that the instrument is about to continue its bullish trend as: - the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs; - the instrument is currently moving above the blue Alligator line (Jaws)...
After completing my analysis of BNBUSD, I have come to the conclusion that the instrument is close to finishing its bullish rally. The key point here is that we are currently moving in a minor 4th wave in the more global 5th wave. Reaching the levels of 22.11 - 23.81 target zone, could be the turning point as the end of 1-5 bullish cycle and the beginning of ABC zigzag.
I think the stock has finished the 5th Elliott wave on the daily chart as there is an AO indicator divergence and Bill Williams` trading signal "Two peaks" for sell. Going short using levels that are marked on the chart.
On the hourly chart, the price has formed and broken a bullish fractal after completing an ABC corrective move. The price structure gives me an indication that we are starting the 3d Elliott wave on this timeframe. Going long using level marked on the chart.