JanKoristka

JanKoristka

Hello traders, After long USD rally we had a retracement caused by CPI reports. After breakout of this retracement we should expect price to come back to retest its support level and then a continuation to the upside. Thank you for reading this ! Good luck !

JanKoristka

Hello traders ! As you can see,price is consolidating in a Rising Wedge pattern and is retesting its weekly resistance level. I expect price to fall to its support trendline. From D1 TF you can see RSI divergence. Here I expect two scenarios. 1) Price will bounce and ETHUSD will rise again. 2) Price will break through and will continue falling. I prefer the...

JanKoristka

Hello traders ! As you can see,price made Cup & Handle pattern. We are in RSI overbought so this information is giving us some short confluence. I expect price to retrace to 0.382 fibonacci retracement before some buy pressure. I have also short bias for short-term !! Let‘s check it (Link Below) !! Thank you for reading !

JanKoristka

Hello traders ! This analysis is made on pure market structure ! You can see this analysis is based on The Elliot Wave Theory. There are corrections (i - ii - iii) and waves (1 - 2 - 3 - 4 - 5 - 6) as you can see on the chart. After structure had been done,it has cretaed a Double Bottom pattern and then price shooted to the moon 😀. Now we have the same...

JanKoristka

Hello traders ! As you can see,price has made really crazy move to the upside. Well, it seems to me like a pump before a dump. You can also see a Double Bottom pattern,where neckline nicely fits with 0.618 fibonacci retracement and with the support level. RSI also indicates overbought level and on H1 TF you can also see a divergence. I would personally wait for...

JanKoristka Updated 

Hello, as you can see price has broke below its trendline and is heading up to retest previous support (now resistance),in this case also neckline. You can see two pattern in the chart - Head and Shoulders + Double Top (made H&S‘s right shoulder). I expect price to retest this neckline and then push downwards to the support level. DXY (Dollar Index) is also...

JanKoristka

Hello, as you can see above, price was moving below its resistance level and formed the Head and Shoulders pattern. In the last Shoulder you can see that price is slowly pushing into resistance level which is a good sign. It means that buyers are under control and we can see a breakout soon. I would personally wait for a breakout (aggressive) or breakout + retest...

JanKoristka

Hello, when you look at chart you can see that price was falling last days. With a price action made on lower timeframe,good USD news and trendline rejection I expect price to push upside. We can also see some type of divergence on RSI (not in the chart,sorry). So I am waiting for price to come back to the downside to really confirm its rejection and then I would...

JanKoristka

Hello, price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline. Thank you for reading !

JanKoristka

Hello, as you can see we are in an uptrend. Price started to consolidate near to its resistance level and formed Head & Shoulders pattern. I expect price to break its trendline and move to the downside. I would enter position after bearish candlestick closure below support level (aggressive) or after break + retest (conservative). From fundamental perspective,...

JanKoristka

Hello traders ! You can see my long-term view on AUDUSD. From weekly timeframe we can see some bearish signs near to the resistance level. I expect price to fall to its support level because we need to see a retest of support. Price would also reach EMAs and 0.618 fibonacci level so these are another reasons why to expect short moves. Also USD fundamentals are...

JanKoristka

Hello traders ! As you can see,we have another indice analysis. Today you can see AEX25 which is an indice from Netherlands. We have a lot of nice confirmations here. Let‘s start ! Price is now moving down but this only correction. Where will it be done ? I recommend you to focus on actual support level. Why ?? Because this level nicely fits with 0.618...

JanKoristka

Hello traders ! We had a really nice bullish rally in past. Now because of price action and USD fundamentals we can expect some bearish pressure. Price has rejected the monthly resistance and is currently making lower lows and lower highs. This is also confirmed with Double Top pattern and 20 + 50 EMA crossing. I expect a retracement to Double Top‘s neckline and...

JanKoristka

Hello traders ! What can we see on the chart ? You can see a clasical impulse-correction-impulse pattern on the daily timeframe. Price has made nice bearish flag which is known as continuation pattern. Alsoo Elliot Wave theory tells us that last 6th wave is completed so we could see some sell pressure soon (6 waves because this is triangle) Short-term scenario...

JanKoristka

Flag pattern is a continuation pattern. We have two flag pattern types: 1) Bullish Flag (on the chart) 2) Bearish Flag (Upside down version of bullish flag) Flag pattern usually consits of 6 waves and CAN‘T cross 50% of the flagpole ! (0.5 fibonacci level) If this happens,then it is invalidated and no more taken as Flag pattern. In this case,when it crosses...

JanKoristka

Hey guys. Is here anyone who is planning to go long next year ? Let me know in the comments. We are near to the support level and support trendline. Also RSI indicates oversold is coming soon !

JanKoristka

Hello traders ! I have something special for today ! A lot of you guys are saying that AMZN should go up. Yeah,there is deffinitely possibility like that but we should also think about sellers. So I found something what can really pays of if all requirements are met. As you can see,price has already made a diamond pattern. Also on the lower timeframes we are...

JanKoristka

Hello traders ! Here we can see FB‘s chart. After a huge drop,price is going to recover step-by-step. Now we are at the support trendline which has been rejected many times in the nearest history. You can also spot the Elliot Wave Theory where we have all waves and now we should expect a huge upward move (correction ABC).