after strong selling pressure after CPI news selling pressure seem to be less so I bet that price will go back to point of control of this month with RR = 2 MACD bullish div. used to confirm this entry
WTI Crude Oil break above supply zone after sideway for 50days + on the breakout day price move very strong and close almost full candle I use Volume profile VAH that should act as support after breakout RR = 2
Refer to Elliot wave that wave 1 many time equal to wave 5 In case wave 3 is the longest also there are bearish engulfing on supply zone on weekly time frame that can be meaningful also TD sequential is counted 9 to confirm this short entry
Bitcoin still in strong up trend but correction is part of this game In my view I think flat correction is not yet finish I think there are one more C wave 12345 impulse Also if you check Binance BTC/USDT Liquidation Map 39,000 USD is where retail trade placed stop loss at So I bet this counter trend bet will 2 RR
By auction market theory low price zone attract new group of buyer high price zone attract new group of seller If you check volume profile this area is HVA (high value area) in this trading zone so this is just a bet with good RR this bet can be considered trend follow (down trend) hope that price will go back to POC (point of control)
BONK is definitely shit coin in my opinion But the truth of this game is every shit coin have owner who control the price due to Wyckoff logic after accumulation phase passed to markup phase owner have to distribute this shit coin to innocent retail trader this process take time to finish So I bet that price will be pushed up one more time which is...
CL probably on accumulation phase due to OPEC to cut production I think this price area might be area that big player will buy hammer candlestick with good buy volume and momentum divergence confirm this entry
WTI crude oil price show sideway triangle correction after sharply down finish move from zigzag correction I waiting for OPEC report that soon gonna change WTI crude oil price back into up trend move
ADX more than 30 and price above EMA20 indicate market is on trending phase also price action that you can see on 4H chart bullish engulfing above previous resistance 2RR use for this entry
After clear impulse up wave 12345 now price is correction down quite strong so I assume this correction might be Zigzag pattern to confirm entry this short I check in 4H chart that show high volume of bearish engulfing candle stick For take profit there are many scenario to happen maybe C leg is not go below A So we can manage to close position partially...
Wyckoff accumulation schematic with volume analysis is show possibility that price will move to another zone last move up swing price moving up with high volume + gap up that show strong demand also by fundamental AUD is considered as commodity currency so I set RR at 4 that possible in this set up
I don't think WTI oil price become down trend in war situation on 4H chart price is on demand zone AB=CD bullish pattern is used in this trading entry Maybe this is another loss because I don't wait for reversal candle to confirm If price cannot stand in this area it will change of character to be down trend but I think in this kind of situation WTI not likely...
On daily time frame you can see down trend line On m30 time frame I see impulse wave is clear so I expect correction opening candle is bearish so I use this as entry confirmation also momentum indicator confirm bearish divergence
fundamental still bullish in war situation so we bias to buy In my view new 1-2-3-4-5-A-B-C cycle is happening wave 1 is leading diagonal (this is very clear) by Elliot wave rule wave 2 cannot go down below wave 1 So we use this rule to set our set set up with 2 RR If wave count wave right price should not go below wave 1
Big time frame show down trend In my opinion correction is over and price seem to continue go down Flat correction ABC and head and shoulder look confluent so I used it entry this order 1.200 is target with about 2 RR
Retail traders who don't use leverage will survive from last down move to 25,000USDT Retail traders who don't use leverage don't get liquidated but they feel like their money is lost so many days (65 days from last price move from 30,000 to 25,000) They will sell to get cash back because it feel comfortable like they get money they lost back Also Elliott wave...
Oil has unsurprisingly opened higher this morning after Hamas launched a large attack on Israel over the weekend to which Israel has retaliated. Also 4H chart wave analysis looking good to bet from this area expect wave 3 to come big gap act as strong support is used to confirm this entry
4H Elliott wave plus fundamental analysis is confluent If you read fundamental article you almost cannot see any institution recommend to buy in this area 5th wave Ending diagonal wave is clear I think it very good RR to short in this area by using gap down as entry confirmation because we expect 5 move sub wave of Zigzag to come However there 2...