head and shoulders pattern identified on the market. first of all, you need to select all the LQ zones on the market that I have indicated on the chart. after that comes the mitigation of the upper supply zone, from which I hope to short up to the level of demand, which has not yet been mitigated
I currently expect a drop of around 400 pips. the support is the trend line. if we look at it from a long-term point of view. C and Y wave will end in the zone of my expected profit
Bitcoin broke the trend line. As I said in the previous post, I expect a drop somewhere to the level of 14800. This drop is the end of 5 of the elliot wave. From there a new cycle will begin.
currently, I expect a drop of up to 600 pips with Elliott. target 3 market levels ... see image.
AUD/USD finished the 5th cycle for us and we can look for nice shorts. Good luck everyone.
bitcoin is approaching a very interesting resistance. Many small traders think that we have already found the bottom. The current view of the market shows that we have 2 options. The resistance will be respected and we will go straight down. Or we break through it and look at the volume at the level of 29500. From there, from the point of view of the big players,...
GBP/AUD within elliot waves, looks bearish. I will currently target the trade at 300 pips, which is a level somewhere around 1.69000...
Gold broke the support of several weeks. I am currently following the fibo golden level. In Elliot waves it would mean the 2nd wave, while the 3rd would break the trend line. From 1730 I will follow the trade up to the 1880 level.