UnknownUnicorn3382580

UnknownUnicorn3382580

textbook 1-2 waves (w2 - flat) retracement 50% wC = 2x wA (in a flat) wC = 1,62 wB

UnknownUnicorn3382580

this is the fist attempt to assign waves markings to the long-term Nifty structure It is likely that the interim target is 12500 Will see

UnknownUnicorn3382580

Anticipated move to complete the larger wave two before the long-term reversal

UnknownUnicorn3382580

RR quite good Short=term entry

UnknownUnicorn3382580

On H4 timeframe a nice impulse From current levels RR on a weekly t/f is 12x Trade of the year)

UnknownUnicorn3382580

So far as 41 level stays intact, I am looking at the structure as a bullish one.

UnknownUnicorn3382580

This coin - as opposed to "majors" - should go up in the wave 3, thus having an attractive starting point right at the beginning of the most powerful part of the trend It is likely that we observe now the emergence of a higher-degree wave 3. Will see. From the R/R standpoint the entry is very ok)

UnknownUnicorn3382580

Assuming that the price is at the early stages of the new upside trend, my projection for the price to double within a couple of months. This post is the continuation and the deep-dive into the structure I have shown earlier for the weekly log time frame

UnknownUnicorn3382580

This is a log scale. Here we clearly see the long-term potential. Price is breaking out of the corrective channel in the local wave 4 In the next post I will show the usual scale and where are we now in H4 timeframe

UnknownUnicorn3382580

I adjusted the historical count for this coin, with the expanding diagonal in the wave A (the beginning of a large correction, that, I assume, is already a history). At the end of 2018 we observed the first impulse to the upside, giving us the hint the the reversal may have took place. if that assumption is correct, we are moving up this year to form another first...

UnknownUnicorn3382580

Long

UnknownUnicorn3382580

This is a rather complicated structure, and there are different analysts that assume a truncated 5th wave as shown on the chart On the lower t/f there is an impulse that is already completed, and after a correction the trend may continue to the upside Be aware. If there is a nice three wave pullback, I will buy, otherwise stay aside

UnknownUnicorn3382580

I assume a triangle, therefore there is some space for the wave E to provide 200 pips profit The triangle is a tricky pattern before it completes, the pattern on the chart may easily evolve to a flat structure. Anyway, seems to be a nice short-term trade with a clear level for a stop loss (below the prior wave of the triangle)

UnknownUnicorn3382580

the pair should complete the impulse, price should go down in a series of 4th waves before the upmove will take place

UnknownUnicorn3382580

Flats are my favorite corrective patterns They are simple (3 waves) and at the same time more complex than a basic corrective structure - zigzag (that is, as you may know, only a part of a flat pattern). In other words, the probability that the price will continue to trend after a zigzag (a basic corrective structure) is much-much lower, that after a flat. On the...

UnknownUnicorn3382580

Daily RSI at 80 H1 working t/f RSI also at the overbought level We have got a three wave up within corrective structure Supported by the projected reverse channel very close to price At least there should be a leg down, similar to the one on the left side of the chart at H4 On daily there is an option that the index is still forming large flat structure before a...

UnknownUnicorn3382580

This is an interesting option to outline the current structure From the ATH we may assume a large three-wave correction unfolding in the form of a simple zigzag Where wave A - is a diagonal Currently we are in the wave 4 of the larger wave C of the zigzag. Unfortunately for many crypto maniacs this pair is going to go lower. No need to guess at this point of time,...

UnknownUnicorn3382580 Updated 

On the one hand, the whole corrective structure looks quite simple. Bearing in mind a potential diagonal developing to the upside - with the further strong upside trend - I would keep so far this scenario as an alternative. My trading plan for this year is what is shown on the chart. So far.