We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the WXY down is completed.
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the WXY down is completed.
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiatie a short.
We discuss four scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and after the successful trade of last week, we...
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
We discuss four scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
The NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse with divergence in the daily.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and after the successful trade of yesterday, we...
Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose a shallow retracement (wave 4) or a deeper retracement (wave 2).