The idea born based on COT report data and wave aanlisys. I think in the next day we can have a short term long after NFP data .. probably in the buffer zone between 0,3/05 fibo rebound of last short leg.. than we can see a deep retest of bottom (we can have a double bottom) or the retest of support area 1.04. After that I think there will be conditions for the long.
As continuation of my Idea I suggest a set up for short continuation based on eliott wave and volume With the long we we have reached target of 0,5Fibo of short leg so now can start a new short for fill the green candles of yesterday and a probable short continuation. Possibilty for a Long shall be in case of change of weater or other international news.
I hit final 5° wave target. I think there will be possibility for a rebound of index until 21k area Thia area means retest of minor support area (1° wave) and also 0,5 rebound of last long leg Tomorrow we will have the NFP.. if it will suggest a potential stop of interest rate reduction we can see this short.
This is my long term trade for NatGas Target is for middle of 2025 (April/may) I thing we have terminated the reboud and now we go in finally three of five short wave
What do you think about this head and shoulders? Will be completed or not? in case we will go to 0,36 fibo rebound
Dear Colleagues, this will be my long term trade for the end of 2024 and probably 2025. I think we are in final 2° wave and next will start the 3° wave!! We will have the break of resistance area 1.05 in the next move support 0,61 of first wave stop area
Leaderboard flyhorse You are in the top 2% of participants 720 Place +2.97 Realized profit, % +7,412.64 Realized profit, USD
Yesterday we had a good rebound into the support area Based on my analysis I think we are in a new long wave to create final 5° Focus point will be Breakout of the upper part of the descending channel, this will be a confirmation of this view.
this very hard deep short phase of eur create some value holes I think an (not easy) up phase to cover the lack until 0,6 fibo
In this moment after USD rally we are on top resistence area and sell for institutional. I think there are possibilities for a short trade in this moment.
The next move of EUR will be Long. I suppose a little bit rebound and a hard long phase Stop under near support or little bit down.
Finally 3° wave should be completed so we can have a rebound until support area above first wave.
Break even point is area 1.0792 Below this price we will go down with a potential break of support area
Based on the current situation we have the possibility of a break-out of the support area. In the event, the short view for the coming months and the possibility of testing 1.03/1.04 will be confirmed. What do you thinks?
this is my idea for NAT GAS Probably we are in final 5W UP with target 3.5$
I wuold like share my long terms idea on EURUSD. The cross has broke the channel long after top on 1.115 Probably we are on ABC structure and in a short channel (in red) IF we are in ABC structure probably we will be in wave C final From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with...
This is my idea update. Basic the general macro economics data suggest a short.. but!! I think we are in a new long phase with COT EUR net position increased and a potential rebound of price until 1.10/1.11 I recalculate the elliott wave analysis
I want to be honest.. The rally long was a surprise for me, I expected a long phase but without this momentum. It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat. so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have). The...