Looking back in 2015 and the EURUSD showed textbook Wyckoff accumulation. Fast forward to 2020 and it looks as though the pattern is repeating. Note the ST in B can break the low of the SC. It didn't do that previously, but it can do it. I think this moves towards the 1.11 region over the coming weeks. GL!
Global markets are in shambles at the moment with the whole coronavirus pandemic. I still believe we need to make a lower high before the real drop comes. As we can see in the yellow circles of previous large moves down price makes a lower high. So expect this sudden drop to correct. I'd look to key fib levels around the 50-62.8% retracements. Around $13,700 for...
4H bullish divergence. Looking at the last time we've had 4H divergence in this downtrend we've seen short term relief rallies. Expecting something similar here with a move up to 109.3 - 109.5. GL if you tail.
Looking for NG to pop over the coming days. Bullish divergence on the daily. Targeting the 50MA on the daily chart as it has previously acted as resistance during this whole downtrend. I'm targeting the 1.90 region, but depends on where the 50MA ends up over the next few days. I know there are no fundamental reasons supporting this pop; this is purely a technicals...
Looking for oil to complete the 3rd lower degree corrective wave. Weekly RSI is at a crucial level too. A weekly close below that green support line will see oil prices continue much lower. I do believe we've seen the low for oil for 2020. The effects of the coronavirus on reduced travel have already been priced in imo. We should see oil rebounding over the coming...
Nice 4H bullish divergence. Should hopefully see a relief rally over the coming days. GL if you follow.
Looking at the wave structure, we have broken the low of the internal A wave of this corrective structure. We should see a C wave up to $2 over the coming months. Note, looking at RSI, every time it has entered this level, it has quickly reversed. On the 4H TF, there's bullish divergence too. So we should see a decent spike regardless. However, this is a long term...
ETH has broken out of long term down trend channel and successfully backtested. A daily close below 155 would see me get out of a long position, but this should run up from here. GL if you follow :)
Needs a third corrective wave. Solid 4:1 R:R from here. Good scalp. SL at the recent low. GL!
Nice bullish divergence on the 4H. Weakening DMI and divergences there too. Needs a C wave to complete the flat. GL if you follow :)
Nice fractal with backtest here on the daily chart. Notice the RSI coiling up like the first setup. Should see 1.31s over the coming hours and possibly 1.32 next week. GL :)
AUD/USD fractal looks to be playing out. Great scalp opportunity for this C wave up. Note the RSI coiling up too. Should pop 30-40 pips over the coming hours. GL if you follow.
Weekly bullish divergence should see this pop a little to complete the flat before continuing to the downside. Great R:R from here with roughly 4:1 return. GL if you follow :)
Nice daily bearish divergence. Looking for it to form a running flat of some kind and put in a third corrective wave down. This is just a scalp only!!! Long term should see this continue higher, but nice R:R setup from here. GL!
Look at the daily setup and i'm expecting a red week this week. Price is still rising on weak AF volume like earlier. Clear bearish divergence. I'd look for flags on shorter TFs for entry, but expecting a $50-100 pullback. Decent scalp opportunity! GL :)
Looking for LTCUSD to hit ~$40 before pushing higher. Expecting this new low to give some daily bullish divergence. Consequently, this should pop to the mid 50s low 60s over the coming weeks. Scale in with your entry though as they (whales) may drive this down below (~$35).
That 1H rising wedge in the RSI looks very similar to the previous fractal. Should eventually break down and lead to new local lows for BTC on the daily. I'm expecting 6K to be breached (a nice long wick to around $5800 wouldn't surprise as longs are squeezed). Note: this is only a short scalp play only. New local lows will likely give daily bullish divergence....