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Abcde

ABC (D) (E|A)Note: this is not backtesting, just an observation of some pairs in the last week. All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels. Anyway, hope somebody will find this useful and will benefit his/her trading. ABCDa rising AUDCHF: AUDNZD: ABCDa falling USDCAD: Failed ABCDE = ABCDEA USDCHF: Or just ABC with breakout and pullback USDCNH: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Education
by rludvik
ORBEX: EURUSD Triangle Wave Hints to Short-Term UpsideEURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
Long
by Orbex
4
abcde triangle, potential end of correctionBTC: The price of bitcoin now draws a corrective movement within the iv wave inminute degree . We came to the conclusion that now the asset draws the format of the descending triangle abcde - the triangle of the continuation of the trend and now forms the wave (e). We all know that the price in the triangle goes in triple waves in the form of a zigzag. So wave (e) is also forming a triple. Wave a from wave (e) has a length of $ 233 if you take it from closing the candles, presumably we predicted the end of wave (e) at the lower boundary of the triangle abcde, a triangle with an almost flat bottom (there is still a slight slope of the upward force), and if you measure the price from the wave b to wave c of wave (e) of that triangle, you get the figure of $ 144. And a simple mathematical calculation shows that wave c is exactly 61.8% of wave a. That is, the expected completion of wave (e), which is expected at around 9068.5 You can underestimate the role of Fibonacci numbers and wave counting can also change its' appearance, but still it’s worth taking a closer look at such insignificant points, as it is these nuances that guide the psychology of a stock marketer.
BITMEX:BTCUSD.P
by WeyWang
XBT-USD, ABCDE pattern, flat bottom triangleBTC, as we said yesterday, made a false break but did not fixed above 8350 and remained bargained within the triangle. The daily candle closed with a bullish absorption, but confirmation of the second day is still needed. Wave marking remains the same. The price has already approached the lower border of the triangle 3 times, the level is weakening, we think that the price will continue the downward movement after 4th approach. In case of breaking through the lower border, the target will be the level of 7200. We will consider purchases only after fixing above 8550. Join our telegram channel to get the latest updates t.me
BITMEX:BTCUSD.PShort
by WeyWang