KMD is in a beautiful falling wedge. We're sitting on a support line right now, and this is right after a perfect hammer formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge and will be looking to break out within Week 1 or Week 2 of...
With everyone getting excited at the recent BTC pump, I think it's worth noting that we're still in a long term downtrend, and the recent pump definitely isn't enough to confirm a bullish reversal for me. Looking at the long term chart, we're in a falling wedge, but we haven't reached a definitive point yet as to where this market is headed in my opinion. My first...
You can clearly see the first Elliot Wave that happened, with a classic ABCDE reversal which continued for a while. XVG moved sideways before testing the resistance at 0.786 Fib - it broke through the resistance (albeit not dramatically) which is showing me that we're entering a new Elliot Wave that won't be as dramatic as the first time around. To confirm this,...
Hi all, I’m a very biginner trader, so I would love some feedback as to whether I’m right or completely off track.
I’m seeing a squeeze that resulted in a small breakout leading into an up trend signaling that a new up trend has begun. I’ve used Fib Speed Fan and
Retracement to call resistance points as you’ll see.
Please let me know your thoughts.
Thanks,
CKinofler
