initmx

initmx Updated 

entry triggers: - wedges - volume expansion - bearish rsi - breakdown - 5 waves up entry: 0.94 - 0.9170 sl: 0.9415 lev: 10 x and below tp 1: 0.9050 tp 2: 0.8970 tp 3: 0.8910 tp 4: 0.8850 tp 5: 0.8760 tp 6: 0.8650 Trade safe and due diligence is advised as always! Triple resistance and pa in channels, with a wave...

initmx

entry triggers: - motive - volume expansion - bearish rsi - breakdown - 5 waves up entry: green box sl: 4.737 lev: 10 x and below tp 1: 4.381 tp 2: 4.302 tp 3: 4.239 tp 4: 4.175 tp 5: 4.084 tp 6: 3.969 Notes: there is a possibility that wave A is complete and if that's the case, a good entry will be at the...

initmx

entry triggers: - rising wedges - 5 waves in - volume expansion - bearish rsi - breakdown - PA respect to the channels - triple resistance entry: market price sl: 11.2 lev: 10 x and below tp 1: 10.72 tp 2: 10.55 tp 3: 10.41 tp 4: 10.28 tp 5: 10.09 tp 6: 9.84 Trade safe and due diligence is advised as always!

initmx Updated 

entry triggers: - rsising wedges - volume expansion - bearish rsi - breakdown - PA respect to the channels entry: market price sl: 0.989 lev: 10 x and below tp 1: 0.921 tp 2: 0.896 tp 3: 0.876 tp 4: 0.857 tp 5: 0.829 tp 6: 0.793 Trade safe and due diligence is advised as always!

initmx

entry triggers: - 5 waves - volume expansion - bearish rsi - breakdown - PA respect to the channels - triple or more touches to the upper channel entry: 0.5340 - 0.5130 sl: 0.5350 lev: 10 x and below tp 1: 0.4950 tp 2: 0.4805 tp 3: 0.4700 tp 4: 0.4600 tp 5: 0.4470 tp 6: 0.4265 Trade safe and due diligence is...

initmx Updated 

entry triggers: - 5 waves - volume expansion - blullish rsi - breakout entry: 0.01184 - 0.01210 sl: 0.01164 lev: 10 x and below tp 1: 0.01237 tp 2: 0.01258 tp 3: 0.01273 tp 4: 0.01288 tp 5: 0.01306 tp 6: 0.01335 Trade safe and due diligence is advised as always.

initmx Updated 

entry triggers: - 5 waves - falling wedges / ending diagonals - volume expansion - bullish divergence - breakout entry: mkt price sl: 1428 lev: 10 x and below tp 1: 1454 tp 2: 1482 tp 3: 1504.5 tp 4: 1527 tp 5: 1559 tp 6: 1600 Analysis Price moving in converging channels. It can be one of the two structures,...

initmx

In this tutorial I'll try and explain how to trade an ending diagonal. You would want to see a market that moves in converging channels(at times these can be too steep like those of rising/falling wedges). Next confirm 5 waves with respect to the channel. Waves 1, 3, 5 should make a triple top, whereas 2 and 4 are joined with one diagonal. Divergences are...

initmx

entry triggers: - 5 waves - falling wedges / ending diagonals - demand absorption - bullish divergence entry: 19.975 - 20.445 tp 1: 20.755 tp 2: 21.145 tp 3: 21.460 tp 4: 21.780 tp 5: 22.230 tp 6: 22.805 sl: 3% lev: 10 x and below

initmx

entry triggers: - resistance -> support - increase in volume - demand absorption entry: 75 - 78 tp 1: 78.2 tp 2: 80.2 tp 3: 81.8 tp 4: 83.4 tp 5: 85.65 tp 6: 88.55 sl: 3 % lev: 5 x Due diligence is advised, trade safe!

initmx Updated 

ewt 1-5 to the downside, with 1-4 complete. The 5th will has potential in terminating at the south of .34s. An entry can be made at mkt price and have a tp at the red box, if you're patient enough you can short the whole 5th, otherwise scalping levels is also viable. I have been seeing this PA more frequently as of late, and I'm taking positions with tight...

initmx

Entry triggers: - 4 waves in - increase in volume - resistance flipping support (at .0560-80s) entry: .0572 tp 1 : .061 tp 2 : .0633 tp 3 : .0652 tp 4 : .0671 tp 5 : .0698 tp 6 : .0732 sl: 3%-5% below lev: 5 x I'm looking for a triple top to the wedges,given the current support holds, otherwise the trade is...

initmx

entry triggers: 5 waves in, rising wedges entry: market tp 1: 1.203 tp 2: 1.177 tp 3: 1.157 tp 4: 1.138 tp 5: 1.11 tp 6: 1.074 sl: 1.28 lev: 10x and below Trade safe, due diligence is advised! The price will drop down even more.

initmx

looking for a short around the orange line. given the price doesn't break the upper channel, an abc correction could be the case and would expect a dump till the white line.

initmx Updated 

entry: mkt price sl: 2.242 tp: 2.579 lev: 10x note: tp can be broken down, and taken at fib levels no strong TA, high risk trade!

initmx Updated 

entry triggers: zigzag in parallels. entry:mkt price sl: 2.152 tp 1: 1.99 tp 2: 1.918 tp 3: 1.870 tp 4: 1.792 tp 5: 1.760 lev: 10x and below trade smart!

initmx

Scalping levels is the way to go here. My setup doesn't allow for entries at this point, but an aggressive trader, can identify good entry points and short up to -10% mkt change. 5 waves in(1-5), expecting a little pullback up, before the final leg down. The 5th terminated the same level as the 3rd, possible cause we had a deep retracement from the 4th, however...

initmx

The PA is somewhat confusing, I can identify 3 scenarios. First are the falling wedges(a-e). Next is a parallel channel (abc). In both cases its a correction. However looking at the overall data, a correction to the downside doesn't make sense cause we've a down trend. Which brings us to a possible ending diagonal(1-5). In this case wave 1-3 have already played...