AlphaScout360

AlphaScout360

Last sell-off is a clear impulsive wave, that now make the larger structure very clear. It is the wav C of a flat, that is the correction in the wave 4 as shown on my chart. I am projecting the next move up until the year end in the local fifth wave = w1

AlphaScout360

Remember NASDAQ:CRWD plunging earlier this year due to a faulty update in its cloud-based Falcon cybersecurity platform, causing a global IT outage? A clear example of the wave C of a flat pattern. Blue skies above as soon as it reclaims the ATH. WMA200 (blue) - a key LT support VWAP, anchored to the last correction before the reversal. TRADE SAFE

AlphaScout360 Updated 

Quite an interesting setup. I identified a running flat, that is likely supporting the further downside for this pair. A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high. trade safe, mind your risks.

AlphaScout360

NASDAQ:TMDX is likely heading lower to complete the impulse in the wave C of a running flat. I will start buying within the range $60-70. There are two typical dimensions for the wave C of a flat - wC=wA or times 1,618. Zooming in the daily/ 4h frame - there is a clear impulsive move down, that is lacking the final wave 5, printing a lower low. Buying the lower...

AlphaScout360

As per request -> CRYPTO:RONUSD || #Ronin Buy right and sit tight :) The bullish momentum will bring you to the undiscovered price territory. Look at the clean C&H pattern and the volumes. A textbook entry, price has already broken the corrective channel TRADE SAFE

AlphaScout360

A longer-term play. I usually disregard such iHS patterns, but on stock charts they tend to play out quite strong. Higher highs and higher lows, golden cross on daily frame, goes higher after a nice flag - most of the technical arguments support the upside Trade safe

AlphaScout360

Published this idea earlier. I can assume an extension - we observe 3 1-2 fractals, so the take-off should be parabolic. Watch out for the dynamic moving averages to support this trend - SMA5 and EMA21. As always, mind your risks and be humble. Volatility bring opportunities, as well as increased risks if you can not calculate your risks, especially for the...

AlphaScout360

I prefer clean EW counts, but in this case (recently trading a lot of us stocks) - can not pass by such a nice cup and handle. I won't repeat the same posts - many are very bullish with ETHUSD, just confirming the prevailing sentiment :) trade safe and have a great trading week!

AlphaScout360

A nice inverted H&S pattern. Look for the confirmation - the neckline should be broken on increasing volumes. Looks really juicy. The minimum target IMO is the ATH. Just in case, can verify the potential upside as the x2 size of the pattern. Trade safe

AlphaScout360

A very nice chart on weekly. An impulsive advance followed by a three-waves pullback exactly into 62% Fibo. A classical cup and handle pattern, that is resolving into upside just like in a text-book example. A long-term play, buy right and sit tight

AlphaScout360

The corrective decline on weekly frame looks to be reaching its target. The cross is near the 62% Fibo retracement against the clear impulse, and at the same time reaches the lower boundary of the corrective price channel. Thrilled to see it bouncing and reversing in a couple of weeks. Trade safe

AlphaScout360

I assume a huge ending diagonal that will mark the long-term reversal point for this pair. It will take more weeks to complete it, need some patience to build a position into the weaking us dollar, that, most likely, will start early next year. The internal structure requires that the 5th wave prints a clear 3-waves move, so I am assuming a corrective phase...

AlphaScout360

This is the mirror reflection of the DXY chart. DMA50 and 200 in a clear downtrend, printing further bearish flags. We are likely observing the wave 5 of (3). Still more downside. After the wave (3) is completed, expect a larger corrective structure in the wave (4) before the final sell-off and the reversal Trade safe

AlphaScout360

Dollar Index continues to strengthen. RSI support at 50 level area. The trend is still intact, making Higher Highs and Higher Lows. Several bullish flags along the way, the current consolidation found again support at RSI50 and MA50 (red). This is the wave 3 of a larger impulse, that implies we are going to see further higher levels this year

AlphaScout360

I assume ETH will test the level below in a zigzag correction. Looks obvious, IMO This will be a nice opportunity to long after the massive impulsive advances of majority of the crypto-pairs. ETH has to accumulate more energy to deliver a strong bullish momentum still..

AlphaScout360

So far the consolidation looks like a triangle, that is likely to resolve to the upside this week. If ti breaks down, then look for the EMA21 on the daily chart, it should act as a dynamic support to bring BTC to the new ATH. Compare the similar support on the left side of the chart. Trade safe

AlphaScout360

It seems to be that this is the point of reversal on lower time frames. Weekly/ daily timeframe - a huge triangle - a breakout - a flag LTF - the impulsive decline looks completed, at least all internal waves look to be in place. What it means also: - is EURUSD set for a larger correction? - if CAD weakens, is this a signal for a stronger oil? What do you...

AlphaScout360

Hype is growing. $100k will be the strong level, where a lot of buyers will jump out. And will jump in again above $100k. At that point I will be selling into the the terminal distribution in the wave 5/(5)