Stoic-Trader

Stoic-Trader

Based on the continued drop, I've switched my count to and ending diagonal, and we'd currently be in black 5 to end this downtrend cycle. There are no bullish signals in place yet. A break of the mid-channel green trendline resistance would be a good indicator that the trend has reversed.

Stoic-Trader

Microsoft is breaking green trendline support and is heading for another leg down for black C. A probable target is the 365 support zone, which is also very close to the 100% extension of A-B.

Stoic-Trader

This is the count I'm working with for NVDA. The break of gray support (now resistance), gave us Black A, and Black B is happening as a flat correction (Blue ABC). If confirmed, this pattern could take us to retest sub-100 levels at green support for Black C.

Stoic-Trader

Trade wars have been giving a lot of volatility to any pair with CAD. I´m currently working with the count on the image. Blue B would be happening as a flat correction, and we would soon regain the uptrend for five waves up, for Blue C.

Stoic-Trader

After finishing the 5-wave uptrend for BLACK 1, the correction is going far (as with most altcoins). I am still considering we are inside BLACK 2, but we are currently in a bearish zone. A break of the green descending trendline below gray resistance, turns my bias NEUTRAL. Only above gray resistance we would be really bullish again.

Stoic-Trader

The pair's price action indicates there is still room to go on the recent downtrend. I expect a break of the January low, with the first target at 100% extension (158.937). My primary count considers we are still inside green III.

Stoic-Trader

Black Wave 4 seems to be over, with a bouce off purple support. We should see an uptrend from current levels for black 5 / gray 3. This could also be a triangle pattern, but the end result would be the same, an upside bias for Wave 5.

Stoic-Trader

I'm considering that the move up from last September was impulsive (blue 1-5), and the downtrend movement is corrective (blue WXY). This is valid as long as we stay above the pink line. There is still no indication of a reversal for a long trade trigger. Major resistance to be broken sits at 0.00004 (green zone).

Stoic-Trader

We have bearish divergence and a lower low, so blue C / black B could be finished. First target for black C is the 61.8% pullback around 2362.

Stoic-Trader

In the 4H Chart, we have an ending diagonal in the form of a descending wedge, with 3 swings to the downside (green I, III and IV). A break of the top trendline should take us to major resistance at 1.00.

Stoic-Trader

The impulsive downtrend hasn't given us 5 complete waves yet, so I'm expecting another bottom below 0.01785 (green III low). We could be forming an ending diagonal for green V / blue 5 inside the green descending channel.

Stoic-Trader

My primary count in the 4H chart considers we are finishing blue wave 4, which should lead us to new highs above 80.73. This count is valid as long as price stays above 71.38 (blue 1 high).

Stoic-Trader

In the 4H Chart, the pair is currently making a sideways correction of wave X, and we should target lower prices for wave Y. Green support level around 1.645 is an interesting target. Alternatively, wave X could still be in progress, and we would see upside grind before the drop. I consider the first scenario to have a higher probability.

Stoic-Trader

This is the primary count I'm looking at right now. Waves 1-2 are not the most beautiful out there, but valid nonetheless. We have a wave 4 respecting the wave 1 high, with some bullish RSI divergence. Looking good for trades with high risk/reward ratios.

Stoic-Trader

I am now considering GMX is making a more complex pattern, with multiple ABCs. It could be the initial wave of a leading diagonal, but at this moment it's just guesswork. In the shorter term, I'm waiting for a break of the descending wedge which could signal the end of black C. Bullish RSI divergence is already present, but without a higher high, it will just...

Stoic-Trader

In my primary count, I'm considering the correction from the December low (1 or A) to be over (2 or B), and the downtrend is back.

Stoic-Trader

This is the type of trade which I take without thinking twice. Bottom with bullish RSI divergence Higher high without divergence Impulsive pattern to the upside, corrective pattern to the downside Low risk, high reward You can enter half or 1/3 position here and wait and see, if the SL is hit, makes little impact.

Stoic-Trader

HOT is looking interesting for another leg up, with bullish RSI divergence on the lows, and no divergence on the higher high (1 or A). For long trades, I see an aggressive and a conservative stop loss level, depending on your trading style. Targets can be placed on resistance levels along the way, shown in yellow.