This analysis is made on the daily Apple chart. We might have the Elliot wave #4 finished at the level 141.27 A possible wave #5 if starting, with a lower degree wave #1 forming (notice red circle with the higher volume levels) ]*] A possible entry point would be a retest of the 144.32 level - that is the end of the lower degree wave #2 (notice the green circle)
I've been following EURUSD closely for a few weeks now, and here is my idea: We might be at the end of wave IV - C - 5, which means a new wave 1 could emerge. Support area between 1.161 - 1.171 We might be at the end of wave IV - C - 5 ===> Means a new wave 1 could emerge If that will hold valid, a possible entry could be at around 1.171 after the price...
Chart: 1 month timeframe, Logarithmic scale Indicator: Stochastic Analysis made based on Elliot Waves, on the monthly logarithmic scale: One possible wave count suggest that we had wave 3 already and we are currently in wave 4 If we are in wave 4, an ABC pattern is underway to be formed Using some simple Fibonacci projections we can see two possible...
BTCUSD, 1d chart Weekly stochastic is not completely in the oversold territory, so we could expect a slight move up - there is a liquidity zone around 49.2K - 50K which could be the next target If that are will not be breached up side, and we see a price rejection we could expect a move downside with a tight stop loss above 51.6K (previous liquidity...
Chart: AUDUSD on a 12h timeframe We had a nice markdown, followed by a fairly high volume Selling Climax (SC) and Automatic Rally (AR) Seems our Selling Climax Support line has not yet been breached yet, thus Spring is not in yet Based on this AUDUSD probably will continue sideways for a couple of more days.
I hope you like my chartart idea: The organge lines are the major daily trends So where do you think BTCHedgehog is going to go :) ?
The analysis is made on the 4h timeframe, a couple of scenarios could happen. The rally from 1712.94 to 2699.89 shows a bit of a pullback, price pausing a bit on the 0.786 Fibonacci level. There are a couple of scenarios: A - pullback to continue first to the 2400 support line B - if the 2400 support line is not going to hold, the price potentially could...
A possible short trade on the 1H timeframe : EURUSD was pulling back to the 38% Fibonacci level There is a major resistance at 1,1950 If the price breaks above the 1,1900 levels we could expect a 50 pip move to 19,50 from where it could bounce back
If you'd like to do a few short term trades, probably now's the time to do it. As you can see the market is ranging between 1.2 & 1.5, and also probably 1.04 & 1.2, so Bollinger is a possible good choice. Use these guidelines: Stock price reached the the sides of the Bollinger bands (e.g. up or down) RSI and both Stochastic are on the same side as the...
BTC is still inside a downwards channel On Balance Volume does not really rise Even with the recent rise on the 21st July conference hype, it seems bulls do not have enough power to make a strong reversal yet
1. Bulls are non-existent 2. We are consistently in the 31K-29K zone for days now, bulls don't seem to consider this as a good price to buy 3. There is buying power set at $28K (around 4.5K BTC) and at $26K (around 8.5K BTC) 4. In comparison practically there is no expectation for the BTC to rise to $36K (with only 2K BTC to be sold on the order book) Maybe this...