EuroMotif

EuroMotif Mod Updated 

Pretty good bounce thus far. It looks like we are in the process of a 12345 impulse that might be a wave C of ABC correction. The last strong move was a perfect wave 3 structure, including a 4.236 extension to complete the wave. So I am expecting a wave 4 retrace then a final push up into resistance, and to complete wave C. Lets see how this plays...

EuroMotif Mod

Quick plot on near term support and resistance zones that I see.

EuroMotif Mod Updated 

NU has been climbing steadily based on Dollar weakness. I am seeing a 12345 impulse wave, with wave 5 perhaps about to start. The two green zones should be support. I have taken a small position long just now, with tight stop loss. If that SL gets hit, I will take another shot at the lower zone, which should be much stronger support.

EuroMotif Mod Updated 

Just a quick plot based on Fits and EW. Stocks have been tumbling globally. Probably not a good time to look for longs. But maybe this plot will help look for shorts? At the very least, this study will help gauge the bull power or how much remains. If it rushes to the thick red zones, that is a pretty good sign. If it does not even reach the 3.618 (thin red...

EuroMotif Mod Updated 

This plot is to study the behavior of a possible ABCDE correction. AJ appears to have finished a 5-wave impulse and is correcting. The A,B,and C waves thus far do not fit the structure of a simple ABC (5-3-5). It seems more like a 33333 structure of an ABCDE, and thus far forming a channel. Fundamentally, the overall risk sentiment has massive influence on...

EuroMotif Mod Updated 

Throwing some Fibs and EW around, and this kinda snapped in place. Perhaps the drop from 7400 to 6200 was a wave (1). So maybe we are in a wave (3) related to that impulse. Question is whether wave (4) retrace much at all. Drag up on the price axis to magnify and better see the overlapping prices on the support zones. As usual, lets see how this plays out.

EuroMotif Mod Updated 

All of these ridiculous Grey lines were plotted well before Jun 30th 2018 when I posted them here: (drag down the right side price axis to reduce vertically and see all of the zones, or hit play conintuously) The behavior thus far indicates one more leg down, to the next large zone below. Hopefully that is NOT the case, as I am a permabull on crypto. But the...

EuroMotif Mod

Wow, what a calamity! Upon measuring the moves thus far, I have found a possible support zone in green. All of those grey lines were calculated before June 30th 2018, linked below. The green zone is derived from recent waves down from 6k. Support and Resistance zones were originally posted here :

EuroMotif Mod Updated 

Just a quick plot to watch for shorting opportunity. I probably will NOT trade this given US Holiday and EU/UK political craziness. But if it bounces a bit at London Open, I will watch the red zones for sings of rejection. Any trades I enter will use micro lot sizes, and will be mostly out of boredom. The rest of this week is NOT a good time trade.

EuroMotif Mod

Just a quick plot to see how this plays out. I am NOT trading, US Holiday weekend and EU/UK politics too crazy. But if the immediate resistance breaks, the Fibs and EW say a run at 1.15000 is possible.

EuroMotif Mod Updated 

Quick scalp attempt on 15 min chart.

EuroMotif Mod Updated 

The downward momentum in FB is still pretty strong. I am watching the green zones for possible longs. Will need price to stop precisely in a zone and bounce within 1 week.

EuroMotif Mod Updated 

Quick plot to see how these targets work out. Should get a bounce at one of the green zones, but lets see. This is an update to my longer time frame analysis, expecting more drops :

EuroMotif Mod Updated 

Just a quick plot to watch for a possible short scalp. Looking for a reversal pattern in the red zone. This is a follow up to my short entry before the weekend :

EuroMotif Mod Updated 

Just throwing some Fib + EW scenarios for study. The correction MIGHT actually be over. The Fed was a little dovish last weak. That may have been enough to turn it back upward. As well, considering the historical ''Santa Claus'' rally, it might move up towards end of year. SO, this chart is actually contrary to what history indicates. BUT I will be watching for...

EuroMotif Mod Updated 

This is a follow up to my previous long call: Long targets were hit perfectly. Now shorting the expected retrace. . . Background : I am a longer term AUD bear, anticipating a serious drop yet to come Since then I have been looking for shorting opportunities such as this recent plan After a nice ride down, I went long which worked out very well And then...

EuroMotif Mod

I think EU is about to bottom, and Dollar is about to top. But there might be room for one more short scalp before looking for trend reversal. Let see how this plays out. Also keep in mind that it is Thanksgiving week in USA. Liquidity will be very thin, and we might get very little movement or very high volatility. Trade safe , I will go going with VERY SMALL...

EuroMotif Mod Updated 

XRP has been quite bullish even through the latest crypto crash. But it looks like it is ready for a pullback. 0.49721 appears to be a good support, where it should bounce. If that support zone breaks down, then all bets are off :(