Wave 5 Alert on EURAUDI'll keep it short and sweet since I'm on holidays
This is a Setup 1 into Wave 5 up on the 4 hour chart of this EUR/AUD pair.
We see a sharp move up on the d1 followed by a correction. One could argue that it moved up a bit climactic and probably late in to the trend
But still, It has printed a confirmation candle on the D1 chart. Could we at least see it move back to the peak of wave 3?
The orange shaded area shows previous price highs , pivots, swings, (box highs) holding the price turning into a support.
I have a buy signal on this, and I'm taking it. What about you?
Bill Williams Indicators
Bearish until 200 DMA breaksIf you look back to the 2018 bear market, you will see a very similar pattern to what we are seeing now. Clear bottoming formation, break of downward sloping resistance, strong Williams Alligator turning bullish, RSI increasing. BUT was turned back twice by the 200 MA!
While there is no doubt the PA has been bullish and the chart looks good I just cant flip fully bullish unless that 200 is broken. While I dont take short positions often, I think a strong setup would be at or just below the 200 MA in the 54k region with a target of 41400.
Happy trading. Hoping I can update this with further bullish signals.
Short WMT below 134.4Alligator's Mouth is closed both in the daily and weekly.
Last daily fractal is 139.77. If reached, it would be valid as the Balance Line is at 140.19.
The weekly fractal is at 134.4. If the train departs to the downside, I would sell short at 134.4. (Early entry could be 139.77 and then heavy add on below 134.4.
ShortThis week, this variety will fall rapidly. I also analyzed the top deviation for 4H. At present, the chaotic signal appears that Ao crosses the 0 axis, AC is also red, and the deviation does not fall significantly. Moreover, it is not only a 4H deviation, but also a top deviation on the weekly line. The probability of this variety has been in a bear market. It is often positively correlated with EURUSD, that is, inversely correlated with DXY, and DXY may rise sharply in the future.
Short SNOW below 231.52 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is right on the balance line.
Down fractal of 231.52 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 231.52. If it does, we join the direction of the market.
NYSE:SNOW
Let the market chooseIn order to destroy this chaos, the effective signal of selling must close above the black line, otherwise it will open a long-term bear market. This week is the time to choose the direction of bull and bear. Incidentally, the weekly cloud chart crossed for the second time. It closed below the black line this week, and there is absolutely no way to stop falling near the early low of $21.
LongToday, I went through the main trading varieties, and they are all inclined to shock. It seems that there is a market in gbpnzd and audnzd. NZD seems to be opposite to other varieties, so we can try to do more xxnzd. As shown by the blue line, audnzd breaks through the effective upper fractal and takes a long step back.
Crypto Crocodile THIS IS MY FIRST IDEA, CONSTRUCTIVE FEEDBACK IS IMMENSELY APPRECIATED This is a simple combination of 4 indicators (MACD + SMA50 + SMA200 + WILLIAMS ALLIGATOR) that I use in combination with the hCrypto Fear and Greed index to predict the long term sentiment of the market in relation to BTC. I call this model the "crocodile" in reference to the Bill Williams Alligator model. Using divergence in MACD, SMA cross patterns, and alligator movement has worked for me (so far) to see long term trends and look past the short term price action caused by FOMO and panic selling. I may not even be the first person to use this indicator combination due to the simplicity of it, but in combination with the fear and greed index it can be a powerful tool for traders to see the difference between a long term downward trend and a near term panic dump. I am currently trying to update the model by adding data from the Fear & Greed Index to my chart, but this idea is still in its infancy. I call it the "crypto super croc". Please let me know your thoughts on this as well. Trading view does not allow new publishers to post external links, but a quick google search for " BTC FEAR AND GREED" will lead you to the data I am referencing. I am also including the address for you to copy/paste below. LMK what you think, even if you think this is garbage. I appreciate all feedback.
I am new to this platform and this is my first published idea, so please let me know what I can do better to express my ideas. Thanks!
<> alternative.me/crypto/fear-and-greed-index <>
ShortWith the combination of strength index cloud belt and pivot point, today's EURUSD market is OK. The chaotic system also shows that the crocodile line breaks through the red line in one hour and breaks through the blue line after rebounding. Left trading can enter at the black line, break through the blue line and add positions. There are 2 pivot points in the target day.
LongWhen the signal of chaotic breakout appears in EURUSD distance, only the black effective breakout of closing price is left. Once the breakout occurs, it will lead to the establishment of 4H end deviation, and the establishment of 4H end deviation will lead to the establishment of daily end deviation. A two-month rise condition is reached. In the future, we only need to track the cloud belt, and buy near the cloud belt.
Short SNOW below 184.71 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is still below the balance line.
Down fractal of 184.71 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 184.71. If it does, we join the direction of the market.
NYSE:SNOW