The_Traders_Memoirs

The_Traders_Memoirs

In US100, it seems we have completed a correction in the form of an upward Zigzag. This was followed by a five-wave structure to the downside, signaling a shift back to bearish momentum. I anticipate a brief corrective move upward, likely forming a three-wave structure, before the market continues its decline. This setup aligns with the broader downtrend, and...

The_Traders_Memoirs

In GBPNZD, it appears we have completed a five-wave structure to the downside. Following the current correction, likely taking the form of a three-wave structure, I anticipate the market will resume its decline, continuing the broader bearish trend. Traders should watch for the correction to complete before considering short positions.

The_Traders_Memoirs

USDCAD appears to be consolidating in the form of a triangle pattern. Based on my wave count, the pair is currently completing Wave D within the structure. And, after Wave E concludes and there is a confirmed break above Wave B, I anticipate further upward movement. Triangles often signal a pause in the market before a continuation of the prevailing trend. In...

The_Traders_Memoirs

Staring at charts all day doesn’t make you a better trader, it just makes your eyes tired and your nerves fried. That’s why I rely on alerts—signal lines at key levels in both directions. They’re like my personal assistants, letting me know when the market needs my attention, so I don’t have to babysit the screen. It gives me time to focus on other...

The_Traders_Memoirs

Currently, I am marking Bitcoin’s movement as a correction in the form of a double Zigzag (WXY). However, Bitcoin often exhibits the ability to extend waves without altering the broader structure...and we can fall further down. The bullish scenario will take precedence if the price breaks above Wave X at 102,740. That is, of course, unless the market transitions...

The_Traders_Memoirs

The current upward movement in EURCHF lacks the characteristics of a strong impulse, leading me to assume it is part of a corrective structure within the fourth wave. I expect the pair is beginning to form the fifth wave of the larger 1st wave down. However, an alternative scenario comes into play if the price breaks above the 0.93894 level, which could...

The_Traders_Memoirs

Bitcoin has completed a five-wave structure to the upside, showcasing bullish momentum. Currently, the market is in a corrective phase. However, this correction appears too shallow to me. Ideally, I expect the price to retrace further to key levels around 98,500 or 97,500 before resuming its upward trajectory. These levels align with deeper Fibonacci...

The_Traders_Memoirs

It seems the correction in EURUSD has concluded, taking the form of an ABC Zigzag. The pair has likely formed or is in the final stages of forming the first wave of a new downward impulse. After a brief corrective pullback (Wave 2), I anticipate further declines as the market continues its downtrend.

The_Traders_Memoirs

Soybean prices are currently consolidating within a bear flag pattern, characterized by minor breakouts of key levels. I anticipate that once the lower boundary of the flag is broken, the market will continue its descent, confirming the bearish scenario. Should monitor for a strong breakout below the flag’s support to validate short positions.

The_Traders_Memoirs

In USDCHF, it appears that a five-wave structure has completed to the upside, breaking above the corrective Wave B of the prior Zigzag. I anticipate a minor correction in the near term, followed by a resumption of the upward trend.

The_Traders_Memoirs

GBPUSD appears to be consolidating within a triangle pattern, which often serves as a continuation structure. Based on the current wave count, I assume we are still within the triangle, likely in its final stages, with a potential breakout to the upside. Should monitor the completion of Wave E and look for confirmation of the breakout above the triangle's resistance.

The_Traders_Memoirs

The upward movement in USDCHF appears too weak to be an impulse and seems more like a corrective structure. I assume the 4th wave has completed, and the pair may move slightly lower. For now, I am labeling this as an ABC Zigzag correction.

The_Traders_Memoirs

EURGBP appears to be forming a triangle, suggesting the potential for downward movement. Consider short positions after Wave E completes and a confirmed break below Wave B occurs.

The_Traders_Memoirs

In EURJPY, it appears that the 4th wave correction has completed in the form of a Zigzag. I anticipate further downward movement. Consider entering short positions after a confirmed break below Wave B.

The_Traders_Memoirs

USOIL (WTI) is currently trading within a large triangle, with a likely breakout to the downside. I anticipate further market decline.

The_Traders_Memoirs

Silver has completed a five-wave structure to the downside, followed by a Zigzag correction near the 0.786 Fibonacci retracement level. I anticipate further decline in the market and recommend considering short positions after a confirmed break below Wave B.

The_Traders_Memoirs

I anticipate continued growth in the USDCHF pair. The correction has likely concluded at the level of the previous 4th wave, and we are now in the process of forming the first wave upward.

The_Traders_Memoirs

I believe the correction in EURUSD has concluded, and the pair is poised to continue its downward movement. Consider entering short positions after a confirmed break below the 1.04218 level.