This assert since failed to break above the 441x then this simple means that the long movement cannot be an option rn, this can conclude that the C leg is not complete therefore in the meantime we will monitor until we have a breakout in that complex triangle formation
I see a possible rejection at around price 133XX reasons: Following from my analysis when i analyzed TESLA i said long in an overall momentum now is when we get to see the details on the market therefore this is more like the Leading diagonal that has been completed with almost completed break and the price there serves as 78.6 fib retracement which is enough for...
based on the wave analysis we can always watch for reversal on the 618 fib extension and this will results in actual continuation of the trend of which is a long movement
Elliot wave shows long so is the Neo wave and with the incorporation of S N D zones it still confirms following up on the trade idea i posted yesterday This and the previous idea are only applicable if the assert and doesnt BREAK AND CLOSE BELOW 130xx
Okay in all analysis i always add this Guy when taking positions as a secondary confirmation, USD CFD's are hedged with the Vix meaning as there volatility rallies up the CFD's go short meaning the selloff's are hedged with the VIX therefore the Elliot wave proved that the short positions had been because of the upward rally of ABC in the chart which has just been...
Wave four completion plus the major structure not broken below.
Wave four Correction completed refer to trade idea Ger30
Wave 4 correction Completion and Market structural failure to break below Refer to idea Ger30
As we all know that The correlation between Ger30,US30,Nasdaq and SP500 is positive, Therefore we have been working on the impulse move in this four assert which four of them they have just completed The wave four correction. they have because when we looking at the market structure theory both four of them failed to actually break the previous market structures...
this is based on the reaction of the market based on Supply and Demand and lastly Liquidity NB: It is safer to trade where institutions are trading at- Bareng
The analysis are pre described from supply and demand zones plus Liquidity as we know that no zone is simply breaked we need liquidity to break the zones. short sentiments are expected at the previous supply zone. this will come as a result of asserts such as nasdaq retesting the current demand
the long movement is to retest the trend line den will be back to oiginal trend< corelating it with GBPCHF,GBPAUD and GBPJPY say the same thing the Overal trend is SHORT
the price suggest that the potential chart pattern would be completed only if the trend line is not broken above so kips tabs fellas
the chart suggest that the price would go up to retest the neck line and shoot short to the next cz Overal movement is short and so the corerelation support this
the chart suggest that the price would rise to the upper tline and if it gets rejected to break the tline then that would be first step of completing the h and s and if the chart get confirmed then the floods gate would opened for shorts but for now the market is begining the bullish trend with even the way previuos week closed .
The chart suggest that the price would rise t retest the significant trend line and the zone at 1.33 then contineu with the short tred and movement.... the Overall trend is short and the correlation between the assert support this
THe chart suggest that it might go back to 1.788 to retest and complete the chart pattern which a H and S and contineu with its own down trend movement.. The overall trend is still short
head and sholder pattern says suggest suggest short movement for this assert and also the breaking and retesting of support CZ and following the candlestick suggest the are more sellers dan buyers thus short movement is about to occur so Zar will trade stronger dollar