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Hello traders! Since the price crossed the critical level of 1.1281 for the previous scenario, so I switched to an alternative count. From 1.1202 to 1.1293, a bullish impulse probably formed. It is possible that wave {ii} was completed at 1.1202. If this idea is correct, we will see growth with the breakdown of channels.
Hello Traders! It is possible that wave (b) of {ii} was completed in the form of a barrier triangle. Wave (b) rolled back wave (a) by 0.382. I think that the wave (c) of {ii} has now begun to develop. Since two diagonals in one zigzag are rare, I expect to see a wave (c) as a impulse. I have two goals derived from the ratio: (c) = (a), (c) = 0.618 (a). You can see...
Cautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive. S&P is finding support (for now) from the 200 Day MA that could confirm with a...
Key Levels: 1.0671, 1.1502 It is possible that the second wave ended at 1.0671. Also, the second wave rolled back the first wave by 0.786. We see that the price rested on the upper border of the corrective channel and for several weeks can not break it. Breaking through this channel will confirm the idea of unfolding the wave {3} or {C}. I think that the Euro is...
There's a small unclosed cme gap between $9250 - $9180. It doesn't mean we immediately should rise up, but it needs to be considered when evaluating your risk (>90% of gaps closed). Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
on bullish divergences.
Hello guys. Bitcoin has displayed many bearish signs. Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone). Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are...
Bitcoin has a CME Gap at 7.7k. This gap is on the 4h chart(Green Circle ). Historyically CME gaps get filled. Bitcoin is likely because of this to go back to 7.7k and fill that gap.
The bitcoinprice is very weak, it looks like a dump in direction to 7,5k!!! I have a evidence for big drop to 7,5k, the cme gap has a gap at 7,5k and the gaps fill always!!! You can see in 4 hour chart, it is hidden in 4 hour chart!!!
Setting lower highs and lower lows, printing a hidden bearish divergence and testing support at 9360 for the third time with low volume, price action has weakened. The likely trajectory is a loss of support again and testing the 9k support again.
Future price dropped below key resistance at 9350, only to form a bullish divergence and reverse back over the resistance. Support of price by the 9350 resistance will confirm continuation to most probably 10K level completing a W pattern and retesting the ascending channel.
14/06/2020 #CME (BTC) Futures forecast for the coming period!
And is in ascending channel. First target is around 10.5k. Second target is at channel resistance 11.6k.
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First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given support momentum for RTY! and the recent high, the next bullish target it seems to be heading towards is the $1540 price point. Overall, I'm bullish and its looks to have some strong support metrics.
CME - Bullish on push above the 618 CME - Bullish on push above the 618 @187.72 I will be buying July or August CALLS this am. I will add to my position on a drop to lower band of the downtrend regression channel @172-170 if needed. 1st Target = 786fib @ 202 2nd Target = 222 This content is for informational and educational purposes only. This is not in any...
On the Weekly RSI , you can see a formation has been resolved to the upside and the RSI line tested the formation and became support. And on the RSI , the MA and EMA of it have a positive slope. So far So good. This formation is on CME and Spot at the same time. On the other hand on Moving Average perspective the lower periods are on top of higher...