Please Note: I only go based off waves not based off hope. Very important to NOT be be attached to any outcome. First of all I just want to say we have not even seen a complete zig zag yet since the 2017 top. When I see the first zig zag then I will look for the next waves that follow. Also corrections usually fall back to the previous wave iv in this case...
We need to see a decisive break below the previous wave iv of this ending diagonal to confirm a reversal. Stay Tuned! Remember to LIKE and FOLLOW as I have many more updates on the way. See related ideas to see how we got here.
An ending diagonal in an ending diagonal, can't be good news for Bitcoin. Please LIKE and hit FOLLOW, there are many more updates on the way! See my related idea below. Good Luck!
For those that like trading this pair I thought I would give you an idea on what is going on. This large ending diagonal that started in around 1981 is almost complete in Wave V For this entire pattern to be complete it must make one final low below 94.139 before a reversal occurs. Wave C is also an ending diagonal which indicates Euro strength against a weak...
This ending diagonal looks like it is almost complete. We should see a reaction when it hits the psychological level of $1800. We want to see it break down out of this channel before we assume anything.
Wave 2 Almost Complete - Patience Required. Will Post an update when a couple more waves complete.
This looks like a possible bottom in the bond yields aka interest rates. Yet another ending diagonal. Waiting for a couple more confirmatory waves to form before I post an update.
Looking for a 50% pullback in an ending diagonal before another move down. Neutral for now, patience is the key.
Good opportunity to go long with a tight stop. B wave of zig zag looks complete. Good risk to reward. Entry: At Market Stop: 1.07194 Target: 1.12198
If this pattern is an ending diagonal first we wait for the completion of the wave 5 zig zag and then we look for a break down below wave 4 to indicate that it is complete. It is expected that the minimum move will be back to the start of the pattern at around $3848. Entry: Could be $6418 or a pullback to be confirmed. Minimum Target: $3848 Stop: To be confirmed.
Wave 2 Almost Complete - Patience Required. Will Post an update when a couple more waves complete.
Gold has almost completed the wave 2 pull back which started in 2015. I will be posting a trading idea on this once I see a couple more waves happen. I want confirmation of seeing the first minor wave down in wave 3 before I make further assumptions.
Could this be an expanding diagonal? Everything tells me it is so let's find out. I'm expecting a drop to around the 50% retracement line first in wave 2 before more upside.
Wave II almost complete. Patience is key. Good risk\reward ratio Buy when price goes below 101.159 Stop: 99.349 Minimum target: 118.650