rookiyong

rookiyong Updated 

In Elliott Wave, running flats are almost non-existent, or extremely rare. If you run into one, then the direction is unlikely to continue. We are at point D now. Looking for price to fail here and run opposite, then breakout. Good luck!

rookiyong Updated 

Potential Power of 3 reversal trade. This is only the first touch of support zone and price could still go lower even if this pattern plays out. Good luck.

rookiyong

5-wave down on LTF followed by a retrace. LTC is probably done for now and heading to support. It's month end, don't buy.

rookiyong

Nice run up. Bearish divergence on H4. Now for a possible ending diagonal. Last Wave E with target of $3.60. Good luck!

rookiyong

I think price is bottoming out here and forming a base, which ends the run of JPY for now. Watch out for price to move above the deviation for a long to 135. Good luck!

rookiyong

DXY has completed a 5-wave down move based on fib levels. Still early to say, but a long move is more probable for now. i.e. US denominated assets should fall.

rookiyong

The entire move since Nov 2022 lows doesn't look impulsive. Possible ABCDE complete / almost complete. Easy invalidation of W.4. For safer entry, wait for current area to trap traders before breaking down. No change to my previous target at 14.5k. For confluence - SPX at resistance. Good luck.

rookiyong

Possible minor wave 4 triangle here. Going for 3700 support which could be a Wave 2 completion, then up.

rookiyong Updated 

Almost 8 weeks of green. Possible completion of Wave 5 followed by a corrective move to the 0.88 area. W.3 is 1.618 of W.1, so it is unlikely W.5 will extend. Look for structure break on LTF for shorts. Good luck.

rookiyong Updated 

Re-opening shorts following my previous idea on 15 Dec. Flat PA for almost 2 weeks, greatly reducing the chances for a relief. Continuation down is more likely. Clear triangle on M15 chart (check next post). It is unlikely to be a Wave 4, so it is a Wave B. The breakout direction is completion of C. Fading this move, shorting to the main target of...

rookiyong

USDJPY is at a potential ABC completion. I don't think we will break the 21 Dec low so soon. Looking for one more wave up to 135.3 / 137.7. Good luck!

rookiyong Updated 

Cross JPY pairs looks ready to breakdown but I cannot find a count to short. HTF looks like a Wave 3 completion, with minor 5th wave extension done. Taking a long here with SL below yesterday's low and targeting 50/61.8% retracement. Quick invalidation if the idea is wrong. Probably last trade of the year. Good luck!

rookiyong Updated 

One more try at a long following my earlier idea. I still think price is in the final wave up. Will exit if it decides to ding dong. Good luck.

rookiyong Updated 

Re-entry of shorts after the last failed attempt. I don't see that the bottom is in for BTC and we are breaking higher, because EURUSD / SPX looks toppy post FOMC. Targeting bottom of range for now, with possibility to extend to 14k's. Good luck!

rookiyong Updated 

There are several confluences of HTF 5th wave completion, but one level is not hit yet at 1.6120. The move off from 20 Dec high should be a correction. I am taking a long here as completion of the minor C wave. Placing a long with loose stops. Very good R:R if worked out. Good luck!

rookiyong

EURUSD in consolidation mode since the FOMC high. Triangle in the works, likely a Wave (B). Not sure yet if the local top is in, but targeting a Wave (C) down. Holiday season, so things could play out slower. Happy Holidays and good luck!

rookiyong Updated 

Market structure is down. Price retraced to Weekly broken support and daily supply zone. Possible short developing. Watch out for price breakdown. Good luck.

rookiyong

Weak / No follow thru after the CPI news. Back to range. Could be a HTF reversal, but going for a short trade first looking for the entire move to be faded. Good luck.