BASE
EURJPY H4EJ berpontesi untk sell di area support and resistance + Supply and demand
Area base sell .
Risk reward boleh lihat di chart
A long-term base and short-term breakout bode well for Walgreens
Walgreens Boots has been basing since April with a Double Bottom form ing from May to August. The stock exceeded the intermittent high, but this breakout did not hold as WAG fell back with a bull flag. The bull flag breakout reversed the short-term downtrend in mid October and WAG is again challenging resistance. I expect a breakout from this large base and would target a move to the lows 60s. A close below 53 would call for a re-evaluation.
Gold Potential Short position for XAUUSDAs you can see price failed to make new high today and price have been retest high during Asia Session for fake out/manipulation. For coming hours and there is news for USD at 2030hrs (Malaysia Time) i predict price go up first to find liquidity and go down for find high liquidity at previous day low at price 1483.50.Please be careful at price 1490-1492 since there is high liquidity at that price and not yet test today.Price target to go down at price 1483 for first TP and 1479 for 2nd TP.
Analysis:
1)TrendLine:Price have been break daily and H4 lower trendline and now price go up to retest trendline and go down.
2)Support and Resistance at High TimeFrame-Monthl,weekly and Daily.
3)Breakout at Support and resistance
As you can see in line chart price make base price want to go down.
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DXY longDXY may bounce off the support area, taking up all USD base pairs and bringing down all USD quote pairs
Add SSIA to WatchlistSSIA has been confirmed create a Falling Wedge Pattern. After break from it's confirmation line, SSIA is creating a base in yellow box. SSIA has a chance to hit it's first target price at 805 and ideal target price from Falling Wedge Pattern at 840-850.
$ Base with DeMark RSI using Structural Momentum Analysis Watched an episode on Real Vision by the Structural Momentum Analysis. I did my best to re-create their measurements and came across this. The DeMark on RSI using the settings of Structural Momentum Analysis for the BASE money supply. I crossed it with QE dates and used another Real Vision legend in SautiagoAuCapital's theory of a rise in $ value as the world gets crushed from $ debt and no $ base. The oversold correspond to stock market liquidity crunches. WEIRD
ATVI Continues to Build a Strong Basing BottomATVI is building an intermediate-term bottom that is a solid base from which the stock can eventually move up as its fundamentals improve. This is a pattern all Retail Traders should notice, especially Position Traders and Intermediate-Term Traders.
Bitcoin EW forecastHere's my guess:
We are most likely in the 3rd impulsive wave of a larger degree. this has a few reasons:
1. This last motive wave has been much steeper than the previous one, indicating this could be a wave 3 of the larger degree cycle.
2. The volume on this 3rd wave doubled compared to the preceding wave 1.
! This could also mean that we are in a wave C, but that is not yet relevant because we are trading the 5th of wave of the inner degree (both scenario's expect a 5th wave of the lesser degree).
Within this larger degree wave, we are most likely in the wave 4. this is because:
1. The preceding wave had the most volume of this run.
1. We are forming a triangle, which is typical for W4.
This means that I expect a final 5th wave push when this triangle beaks. Once we confirm a break of this triangle-setup (everyone has their own rules regarding confirmation), we can go long with a target of around 10k~, and a small probability of an extension to 11.7k.
Caution : This 5th wave will be an exhausted wave which will rapidly accelerate in the opposite direction since it marks the end of the large cycle wave 3 and introduces the start of the larger cycle wave 4 correction.
Invalidation:
Breaking the 7462 support (triangle breaks down): could signal a complex correction with the 5th wave following after that, or it could also signal that W4 of larger degree already started.
Long $DRI on base breakout!Order set to go long in $DRI at 122.50 if the name breaks out of the long base; 3 contractions getting tighter through the base.
Long OFG on breakout from base!Order set to go long in OFG if the name breakouts out of the tight pivot formed.
Long AEP at 86Order set to buy AEP at 86 as it breaks about the current pivot point, tight stop at around the 83.50 mark. No initial target.
Long XPER on base breakout!Order set at 24.95 to buy XPER following base breakout, also to a new 52-week high!
Long ABT on Breakout!Order set to buy ABT above the high of the current base. Good form with good contractions and declining volume.
Long NRG on Base Breakout!Order set to go long $NRG at $43.70, awaiting breakout to new 52-week high. 3 good contractions getting shallower, including declining volume. Great earnings growth also. Stop as per this chart. Initial target only, will give more room to move as stock moves higher.
WHOA!!!!!!!! Unbelievable!This chart is the Federal Reserve Monetary Balance Sheet overlayed with BTC BTCUSD BTC/USD!
This is so obvious I'm not going to even say it!
Drop a comment on what you think!
