#BTC Bitcoin is still under strong resistance, it is extremely difficult to determine the unambiguous scenario at the moment: the market has a good potential to break the downtrend and step higher, but at the same time, a breakdown of support will most likely send the price down. The protracted lateral course of recent months is getting closer to its logical...
It's probably in longer time frame wants to do flat or irregular correction and in this part we got a probability of flat correction and a little upward trend and then it will probably short again.It might finish these moves first and then start the upward trend in daily and weekly
#NEO 1d Currently it demonstrates a good level for building upward movement. The market has been following a downtrend for a long time, and more recently has found its support and went sideways. The recent lows act as a support, the breakdown of which with a high probability will direct the market to a further decline, but if we continue and continue to gain...
EU broke top trend line trapping buys. It has been testing lower trend line. If it breaks below those wicks, we might get a flat correction here.
SPX : Daily : Updated Count : W.(iv) continuation as a Flat or Triangle is playing out. Moving down most likely as the Impulsive W.c of Flat W.(iv), meaning we have more downside remaining here.
In the big picture we had an impulse and we are on it's correction wave.It has finished our first correction wave ( a ,color:black ). We are now on the 2nd corrective wave ( b,color:black ). It's consisted of an other abc wave and it has finished the first wave of it,we are now on the 2nd one (b ,color: dark blue). It's going to be flat so it has 3.3.5 waves. It's...
Hi Guys! It is interesting to see the many bullish ideas of the BTCUSD since the recent correction. What we saw in my previous view is only one possible outcome, at the moment the price is trading in channel between upper resistance and lower support level again. What we have on the card? TF: 4H; The MACD: Bullish crossover, and its possible future the centerline...
Hi Guys! My answer is absolutely not. The ADA market turned in a weak performance in the context of a shrinking volume trading but for me this dip is where I can buy more with small discount. Well all what we must have is a patience, with yesterday's low @0.00001225, Cardano is testing that lower boundary again at the moment, so let's see what happens next. What...
Gold is completing a flat correction after denying the triangle as illustrated in the chart. The wave ((c)) of the flat correction will have confluence with the 0.618 fib retracement of the previous up swing. The PRZ is highlighted in the chart where buy orders can wait to trigger.
SPX is getting to a critical spot. That is what I would like to see it do (ending diagonal). But regardless, a lot of divergence coming in as it seems to be in a running flat as I mentioned before. A spike into that zone (27% extension-3000 level) might be a place to try a tight entry on a short.
Same old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and...
If AN completed it's correction, it could be a huge sell potentially, refer to my weekly wave analysis chart I posted.
Since the short-term structure remains bearish, I am incline to wait for a selling opportunity to pop up
The Bars pattern you see is taken from Audchf. Just pointing out that I think AJ did a 5 wave up, then it did 3 waves (which looks like it is a 5 wave because it is breaking the low but it is very corrective and could just be about to go on a "C" wave.) That is the 200MA on weekly. (Refer to WTI crudes recent pattern for comparison on concept) It is in a downtrend...
1 hr bottomed out. 4 hr showing more room down. Has the look of an expanded flat. It measures to sell down in a 3 wave correction. I would look for shorts on smaller corrections until something changes.
EA seems to still be in correction from its diagonal. We have a 5-3, will we get another 5 for a flat? Keep in mind it did not quite break high or make it into the zone. Doesn't have to but can. Notice TDI topped out.
Gcad broke mt trend fib box for the 7 swing but still came off the 1.618 extension so it still be doing the same pattern. You see that the daily is turned up. Just basically looking for more of a correction here, maybe a flat pattern... I'm in sell on cadchf, will post in a moment.