This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
A.I running this chart must love fractally aesthetic B waves, just look at those B wave bits ...yummy ... milk will flow like honey below .40 nfa y axis only dyor
2 near term scenarios, both bearish: 1) bounce at 1743 2) bounce in range of 1535-1688, then another leg down to under 1500 More downside will start next week and last until mid-may
Order SELL LNG AMEX Stop 168.63 LMT 168.63 will be automatically canceled at 20230401 01:00:00 EST LNG daily break of the up trendline B wave correction there's nothing in our way.
So I'm trying to consolidate the various ideas for this move, and here are a handful of possible concepts I'm tracking schematized in EW. I have to tighten them up some more, and do a more thorough write up but the key things I'm watching for are fairly straight forward: - Non Farm Payroll Friday NY Open - CPI Oct 13 Mainly I'm watching if we are going to...
AS YOU CAN SEE this is USDCAD where we had a 5 impulsive wave and then a A wave now we sick in to a B wave that is almost clear after trendline which is broken make sure to join our team and enjoy trading with easy look to forex FOREXTRADINGACTION
Looks like we have completed the 1 wave impluse , i feel correction will occur and which will lead towards upside b , wave and c wave pending . comment your thoughts
After some strong selling you UPST is resting on the 200 moving average on the daily - this is a great place for a strong bounce. Also on a fib level of support - not sure what the long term direction could be here but going long for the next leg short term.
Bitcoin is clearly in a zigzag formation. It's got five legs down from the April peak and is now in the midst of its B-wave. If we zoom in on that B-wave, however, we can notice that we're within the B-wave within that B-wave. And ... yes, you got it! ... within that B-wave of the B-wave, Bitcoin has just initiated its C-wave. Upon completing this,...
nice support on the fib level and also super trend! ABC correction is the main pattern for BTC right now!
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios: 1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline. 2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
HoLA traders. As you can see from the chart, Wookalich Ratio (BTC NVT) is signaling what everyone already knows -even though there was a "flash crash" down to $44.845K, bitcoin is significantly overbought and further downside should be expected. - Bearish Divergences present. - Monthly RSI is extremely overbought. Even though it's hard to be bearish on the...
We might be in a big corrective up move that could be the last part of a C wave (other 5waves up, after a 5, 3 series), inside a B wave (in the bigger count).
Identified a number of PRZ of interest Overlapping Fibonacci Retracement and Extension levels - Double Bottom at 106.8900 level - Potential Flat correction at B Leg of ABC correction - Signs of strong rejection at completion (100%) of AB=CD pattern of double bottom - Looking to enter long at 50% retracement of AB=CD pattern - Projected Target is 138.2% extension...
I highlighted two areas. which one do you think is a corrective pattern and which one is a motive pattern due to wave principle? A wave that consumes time and has a lot of intersection with its other waves is a corrective wave And a wave that consumes price more than time and has very least intersection with its own waves is probably a motive wave. It is obvious...
Sneaky B wave triangle in the nasdaq means major downside in C wave into year end. Gonna be a really bad Xmas again ! nasdaq/spx could retrace entire rally and then some from dec 2018
We have just finished wave B low in the sp in early morning premarket look for good news and the rally into next friday option close above 2949
Hello Traders, Price action is not much interesting on this pair, Still moving on sideways only. As per wave analysis corrective B wave not yet complete, One more leg downside is possible upto 1.1175 to 1.1160 support zone. Fed meeting also quite interesting factor,we will check out the technical's to work or not.