EuroMotif

EuroMotif Mod

Quick plot of the current micro-fib that is in play. These zones will determine whether we have one more leg up or not. Background : This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not. First I saw 3618 on CoinBase as important which had been on my charts for over 6 months: Getting closer, I...

EuroMotif Mod

Expecting wave 5 down to start soon. This plot is centered around this Blue Fibonacci extension set notice the prefect recognition of each .236 and .618 ratios. Based on the above fib, and the Elliott Wave count that it indicates, another leg down seems highly probable. This is for short term analysis. Longer term I think we have another big leg down when a...

EuroMotif Mod Updated 

Just a quick plot to study the bounce and subsequent retrace. Looks like a PERFECT impulse wave ending with a double top at the 4.236 extension. So now we need to observe the retrace for clues about the momentum. Thus I have plotted a few zones of interest. NOTE: this plot is measured on the bounce ONLY. I am going to integrate longer term fibs and update any...

EuroMotif Mod Updated 

Quick plot of the correction to the bounce. Looks like an ABCDE is forming, rather than a simple ABC. 4044 was a critical line in sand all along, a retest is almost 'needed' This is another short term update to my bigger picture tracking of the bounce described below. Background : This is a continuation of my calculations to find the 'bottom' and consider...

EuroMotif Mod

Many traders have noticed this rising wedge, so I will not claim some first discovery here. But the strong leg down gave me some measurements, and rather interesting prediction. And if that was wave 1 of 5, then it quite often proceeds to the 4.236 or 4.618. Thus the fib targets match with 'traditional' targets for a rising wedge break. Maybe it was just a bear...

EuroMotif Mod Updated 

Based on the Blue Fib Extension set, and that blue 9.618 lining up with the higher order 4.618: I think it will be a very strong resonance at 4425 on CoinBase. Not sure it the move will end there, but I give it pretty high odds curently Lets see how this plays out.

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.