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Palladium seems like a very good opportunity to me.Hello everyone, How Rare is Palladium? Palladium is considered a relatively rare precious metal. It is rarer than well-known precious metals like gold and silver and it seems like a very interesting opportunity at the moment to me. There is lot of bullish signs I can see. First of all It seems like it is in nice falling wedge pattern and finishing A-B-C-D-E correction. Very solid bullish divergence is forming on the Weekly time frame and it seems like it broke the red resistence line and its just testing it. Reversal should start soon for this precious metal I see 50-400% Gains from here. There is very solid setup for mid to long term trade as well as a long term investment. If you Zoom out to the Monthly Hope this helps you. Cheers A precious metal is a naturally occurring metallic element with high economic and cultural value due to its rarity, luster, and various industrial and ornamental applications. Palladium is a precious metal with unique properties and commercial importance akin to its renowned counterparts like gold, silver, and platinum. What is Palladium? Palladium is a silvery-white transition metal belonging to the periodic table’s platinum group of elements. William Hyde Wollaston discovered palladium in 1803 and named it after the asteroid Pallas, which was discovered around the same time. Palladium is known for its distinct luster, durability, and high resistance to corrosion, making it a valuable material in various industrial and technological applications. It has also become popular in recent years to invest in palladium. Palladium, Bitcoin, BTC,R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond
TVC:PALLADIUMLong
by Anoinvest
2
USDCAD: Short Term Technical AnalysisTechnically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback could take the form of ABC or ABCDE Pattern. Levels may change, so follow our updates below or on our website. Trade with care Like | Share | Comment
by TheAnonymousBanker
4
Bitcoin ($BTC) 3 Bullish scenariosLeft Chart: 1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com Middle Chart 2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we were about to reverse towards the upside creating an S/R (Support Resistant) Flip. As for the green wave, we have just finished our C move and bounced off the new demand zone, completing our D move as the price will likely move up as we are currently trending the upside to complete our E move. Targeting aorund 42k based on the 0.5 fib level Right Chart 3. Simple cup and holder formation that could take us to around 47k BTC.
Long
by yoyokenwan
LINKUSDT Potential Bullish Gartley to turns Bearish / FlatPotential reversal price action in a potential ending diagonal Elliot pattern corrective, plus potential bullish Gartley and AB=CD projections aiming demand zones. The price is ranging @ upper region of a monthly Inside Bar candlestick pattern. I'm expecting the breaking of Aug '22 low to lowers lows newer targets. The price action above this level tends to ranging in zig-zags. Anchored VWAP from the Aug '22 low is a important intraday support. Price is ranging between the upper bands 0.618-1.00 from this VWAP. Bearish divergences on RSI and Chaikin Money Flow oscillators. Similar pattern linked below.
Short
by firmestudio
EGLD/USDT 1D (ELLIOT'S WAVE ANALYSIS & BEARISH DIVERGENCE)There are two scenarios. 1 - by Elliot. MA147 is as good support. 3rd and 5th waves would say will finish just below MA200 resistance, that gives good perspective. RSI is going for a third attempt to cross the trend resistance line as well, Aroon after falling stays straight. Stoch above 80, means possible move downward. Macd just broke up Bearish neck, good sign for grow. 2 - ABCDE movement inside of bearish wedge and down to previous local lowest price. Bearish volume divergence.
by WoWAcEDuDe
Bearish Thesis Bitcoin to 20800-then drop to 18500 WIP (Short)Elliot Wave continuing from the drop from 25200, ABCDE. Rising Wedge to about 20750-850 (not exact), then a drop from there to 18400-600 as measured from the last drop. Not a guarantee. I haven't entered a short, I might take a swing with my hedge account. Work-In-Progress. This doesn't mean, "short now" but for traders that already have established shorts from higher levels, this would add to the "hold your shorts" argument. I might set some very small sell stops on my hedge account with very little risk. I'd be placing stops a few hundred above just in case. I would also be taking healthy profits in my very light long position on my main account if we approach this level, but that is already a given. Also 18400 would not necessarily be the stopping point for the drop, as it is simply a measured move based on the last one that played out. A secondary target might actually be to "sweep the lows" of 17600... implying at least a few hundred below that, or possibly thousands depending on catalysts, positioning, and where everyone's stops are placed.
BYBIT:BTCUSD.PShort
by JJMa
Bitcoin forming a bearish channel perspective!!!Analyzing the Daily timeframe, we could to expect another possible crash in the Bitcoin price. But it's very important to analyze well the fundamental analysis in this week incoming what we expect from more news in macroeconomic point. Also, I draw a model of this bearish channel perspective and I believe that we formed the ABCDE pattern correction into this chartist pattern. Remember that we're in the bear market, and it's not sure that Bitcoin going to up, at least combining our technical analysis with fundamental news that affect Bitcoin price. Right now, we see a bearish hammer candlestick formed in Daily timeframe indicating sell-off. There's a possible short position to $21,300 USD to take advantage of this trade if you trade cryptocurrency I hope that this idea support you!!!
COINBASE:BTCUSDShort
by harisonhbn9718
CRC | Wave ABCDE Projection | Ascending Triangle Trading Target Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension. > ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders > Possible making the final E wave before breakout > Watch out for dump & pump on the way as prolongation of the E wave. Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position Stoploss @ the lowest position of E wave - 10 - 15 % downside RRR : 4:1 for long term trade
SET:CRCLong
by dukeposh
SPX Possible Elliott PatternI seldom use Elliott wave simply because of the extreme bias it has. I know that the Elliott wavers will say that there is safe measures in place to correct your hypothesis, but why correct it, just simply use divergences or some other method of analysis where you remove as much bias as you can? Anyways I do sometimes use it from a long term and hopefully completed pattern. I mean by that is that I do not add the hundreds of fractals that others do and settle with the pattern being finished or next to finished. Here I will borrow from Elliott wave in negating this premise that the markets are about to bottom in saying that if there is a new bottom and with big volume then this hypothesis is invalidated. Long term investors should be looking at this. Stops would go below the lowest low. To be safe wait for oscillator confirmation. Let's hope this is correct. I getting tired of the silly bears.
OANDA:SPX500USDLong
by Sinex
1
Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well. Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin. On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure. Stay agile on days ahead. Ask any question at comment section, and feel free to send me message. Cheers!
Short
by HunkIsHere
Bitcoin's Stopped Out Buy SignalLast time we discussed the RSI buy signal on the 2-day graph. This happened at $37 640. This signal has long-since been stopped out. What many fail to notice is how these RSI strategies don't hold some mystique truth that no one else knows about. The buy and short signals have an average win rate of 30-35%, meaning that most signals in fact do get stopped out. What truly separates them from traditional technical analysis is how the downside risk of any given trade is always vastly limited. There are two separate stoplosses incurred. One is for the full candle close, such as the 2-day chart in this case. The other one is a wick stoploss, which is calculated based on a certain formula. In the case of our 2-day RSI signal at $37 640 the candle close stoploss was at $37 400 for a total risk of -0,63% - as in nothing ! The wick stoploss was at $36 379 for a maximum loss of -3,35% which in turn was the actual loss in this trade. The wick stoplosses give enough leeway to stay within three standard deviations. What this means is that the chance of getting stopped out just to see the price recover back up again is slim. What typically happens whenever a buy RSI signal gets stopped out is that the price is highly likely to continue trending down within the upcoming <50 candles, or within the upcoming 100 days based on the 2-day chart on which we initially got the RSI buy signal. Note how this by no account means that the price cannot go full force on any price pump, bear rally or what have you. It doesn't mean that the price won't surpass the actual entry level. Not at all. It just means things don't look good. The only cure to this is to get a new RSI buy signal. Otherwise, we'd do wise in expecting further drops. And in the case of this failed signal Bitcoin dropped by -24% at most during one weeks of trading. So where then do we stand with Bitcoin at the moment? Well, given how the price has plummeted by -40% since early April and -28% in just two weeks in what can at times best be described as waterfalling movements, it is equally clear that it's trading at technical support in the shape of a horisontally relevant line. But here's where things get both interesting and complex, for as it seems we could in fact be in for a megaphone pattern in the shape of that ABCDE that we've been going on about on previous occasions. Previously, however, we referred to this ABCDE as regular triangle, and not an expanding one. If this were to be the case, it could further confirm that we're still in a technically complex 4th wave prior to a final little 5th wave pump to the north. The upcoming few days and weeks will be rather defining as continuous price action below the aforementioned parallel channel would significantly increase the chances of an expanding triangle in the making. To be continued. /Long Life Trading
BITSTAMP:BTCUSD
by LongLifeTrading
SPX to test CRITICAL SUPPORT before RATE HIKE THE SUPER BUBLE A super bullish rally after a sharp sell off (corona crash)from 2192 to 4818 is in the form of ABCDE diagonal CORRECTION BEGINS Now SPX is in corrective mode, and the first leg (wave 'X') completed @4114,following a recovery rally (wave 'X')also completed@4637. MORE CORRECTION NEEDS CONFIRMATION The second leg of correction (wave' Y') WILL BE CONFIRMED if today's SPX move goes below 4202(62% of W). Watch for this level and a feeble recovery up to 4420 will confirms that SPX is going to fall further up to 3393
SP:SPXShort
by selvamB
5
The innocent SIP investorsLONG time charts ,weekly,monthly are easy for deciding the market direction. daily charts are the lowest time frame in elliott wave analysis to count sub waves. if you want to trade tension free ,follow daily charts take position for a weekly and monthly targets. A simple idea is shown in the above chart. we have completed 2 legs of corrections as wave 'A' and 'B' which are 5 wave diagonals followed by 3 wave recovery waves 'C' and 'D'. 5 WAVE diagonals are motive waves and the main purpose is to sell but not intensively, but after the end of wave 'D' ,you may have a sharp sell off as wave 'D' is the final up move unable to lift the index above wave 'B' . FAILURE to do so wave' D' will become third top which is a strong RESISTANCE for bulls. you may notice FII sold enough stocks and they have taken SMART MONEY out of the system, by zolting the market to and fro. now tell me who is bather about innocent SIP money flowing though mutual funds, when final selling climax started? the monkeys bought from FII's at higher price is with us, will FII buy from us? first leg of wave 'E' has the target of 16300
NSE:NIFTYShort
by selvamB
8