It would appear that the rally up from 1275 to 2000 has ended and that the overall downtrend might continue. This time back to 1000.
I have been looking at the daily chart for a while now and we can see that a consolidation has formed and now today it has broken the $1275 level. I would set a pending limit buy order at 1300 level and target $2000 for profit.
We can see a wave 3 down and a wave 4 Within the Wave 3 down we can see the entire 1-2 sequence Within the Wave 4 up we can see ABC up Within the Wave 5 down, we can see the Wave 3 down. We should wait for ABC wave 4 up and then wave 5 down.
Let's do Quick 10 seconds Elliott wave using Bill Williams Technique. Wave 1: That's when it first dashed down off the top of a Strong Bullish trend on the D1 chart. It appeared as Wave 3 on the H1 chart at the time. Wave 2: At the time it appeared as wave 4 up. But when it went more than 50% up, it was an indication that this could be a Wave 2 up within a...
The chart illustrates a completed wave to the up side. We can see waves 1-5 Bullish Sequence in this time frame. The Wave 5 up also shows a 1-5 sequence. Given that the trend on the D1 is Bearish, will this be the start of more BEARISH moves?
Now, we know the market staged a big recovery towards the close of the Friday session but we are NOT out of the woods. I don't think these are only long term investors loading up. These are also some short term investors and the question is, will they start closing their positions? If they do we might see the indices test previous lows. I am not as...
If we see some more consolidation here then we can look to invest more in ethereum. Read chart for more ideas
I gave a signal like this a week ago but that failed immediately as the price dropped below 28k. Bitcoin is now consolidating for a bit around these levels. If we see a week of bullish prices we can go long and target the 40K, 50k and 60k levels.
We can take a short here off this double or tiple top. Some would call this the peak of wave 4 up. We can expect price to drop to previous lows at least today. Short trade is in. SL above the Highs
Here is a quick Elliott Wave in ten seconds idea I can see Wave 5 is about to come. Could this be the end of Wave 4 up? I think so The short trade is in.
The mother of all coins has once again his dreaded 30K level. There are several previous levels. When you see a level like this one thing is clear. You KNOW EXACTLY where to get out. So if we buy here, we know that as soon as it drops to 28, we shall say BYE BYE to this trade. So a BUY opportunity anywhere around 29,000 to 30,000 to 32,000. Target near 60K....
My quick fire Elliot wave within 10 seconds says, that Palantir can go to $4. Why? because that is the target for Wave 5 down The Elliott wave on the daily chart shows that it could be in Wave 5 down. And that wave 5 will terminate near target zone 1 ( Fib Expansion 62% ).
I see a tall trading range within a Bear Trend on the Daily Chart. It has hit the highs multiple times. The DAX40 is dropping , could the NAS also drop . (there is often less correlation, in fact the European indices usually follow the US indices) I'm going short on the NASDAQ...
I am short on the DAX40 here on a pullback. The idea is that I can see clear bearish impulse and then a pullback. Could it test the lows again?
Could we see some more drops at the US Open? I am short here with a 60 Stop Loss. If it works, this could be a 1:7 Winner. Let's find out.
If we set a limit sell here we can catch a 1:5 or 1:7 trade on DAX40. The idea is that price is stalling near multiple days Resistance. Price has gone up within a channel and exhausted. IF we lose, its fine. If we win we will win big.
We see a trading range on US30 DOW30 I am short already. Marked on the chart. We can go shorter right now or set a limit sell order. Can it go down and test the previous lows? if it does there is a long way down. Plenty of R's to Grab. Market usually go down before holidays because people sell , don't want to take risk over the long weekend.
US30 The DOW or the DOW30 on some brokers... is showing a possibility for a triple bottom. It is looking Bullish to me now. Will see if it bounces off the lows after the open in 5 minutes. If it does i have a limit buy order at 34140 with 50 points SL. Target 3440