ETHUSD 1H Big 3 TradeBig 3 Sub-Chart Indicator Trade with rules. For more information on this indicator leave a comment below.
Convergence
NZDCHF Buy IdeaD1 - We have two waves down, price reached the magnet zone and then pushed higher.
H4 - Big double cycle. Bullish divergence with false break followed by bullish convergence.
H1 - Now look for double wave correction and then we can go long with the breakout of the trend line. The double wave should stop within the zone shown in the screenshot.
This is a very strong zone and breaking below that would be a warning sign for us.
his scenario is valid as long as the last low shown in the screenshot is holding.
USDJPY Sell IdeaD1 - Price reached important resistance zone. We have bearish divergence. Price reached the two levels but was rejected.
H4 - Bearish divergence followed by bearish convergence and also price broke below the two lows. As long as the H4 high is holding, we can look for pullbacks and sells.
Alternative Scenario:
On the daily chart 61.8 of the first wave has not been reached yet. If the price pushes higher then we might expect it to reach 61.8
KraftHeinz Buy IdeaD1 -Triple cycle completed, price reached magnet zone.
H4 - We have bullish divergence and false break. Now we may expect a breakout of the last high forming convergence.
After that wait for a correction to happen and then look for buys.
If the price break and hold below 76.00 then setup is invalidated.
GBPAUD Buy IdeaD1 - Price moving inside wedge. Price created bullish convergence followed by double wave down.
We can go long with the breakout of the trend line.
Crucial zone formed with the trend line coinciding with the 61.8 Fibo and we may expect the price to reach this zone at least after breakout.
H4 - Price broke above the big downtrend line and moving higher now. We can go long after pullback.
Gold Buy IdeaH4 - We got double wave down after bullish convergence. We can go long with the breakout of the most recent trend line.
Conservative Approach: Wait for the most recent high to be broken creating potential bullish convergence and then go long after correction.
Alternative Scenario:
D1 -Potential double wave forming. Uptrend line coincides with 61.8 Fibo of the first wave creating a crucial zone.
We also have divergence forming. Once the price reaches this zone, we can start looking for buys.
Gold Buy IdeaH4 - Bullish divergence followed by bullish convergence.
We also got a false break and a breakout of the last high.
We can now look for a small correction and then join the buys.
GBPAUD Buy IdeaD1 - Hidden bullish divergence
H4 - We have a potential rang and also the intraday cycle finished with divergence and false break.
H1 -We have bullish convergence, now we can look for pullbacks.
M15 - Double wave down and the most recent trend line was broken. We can now look for correction and then buys.
The first target that we are going to expect is the very top of the H4 range.
BTC's Moving Average Convergence and Divergence.BTC's Moving Average Convergence and Divergence gives much insight to the beginning of the Elliott wave 5.
*Bull, AF*...., you decide.
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!
AUDCAD triangle after the sudden dropWedge followed a sudden drop after COT readings were a surprise. One false bull breakout towards the end of the wedge, high chance of a real breakout. Trigger line moved to the breakout level. If PA touches the line, long position will be triggered. SL is placed at the wedge boundary, TP placed at the first rebounce of the drop, matching with the .5 level (see fibb.)
USDJPY Buy IdeaD1 - Price respected the D1 range. We also had divergence.
As long as last low is holding we can look for pullbacks and buys.
H4 - Classical pattern has formed - Bullish divergence followed by bullish convergence.
We currently have band to band move.
Looking for pullbacks in order to go long.
In case we get a breakout below the range we can look for sells towards the 104 zone.
Danone Buy IdeaD1 - Bullish special cycle completed
* Double Wave correction completed.
* Breakout of the double wave down happened.
H4 - We have bullish convergence.
Correction is happening now and then we may expect a continuation up.
NZDJPY Double ScenarioWeekly range and price created a false break and it has bounced from the top. Our final target is the bottom of the range.
Daily - Bullish divergence formed. correction is expected to happen.
H4 - Triple cycle has completed itself. We have convergence and also divergence with false break.
Once the correction completes itself, look for breakout of the most recent trend line and then look for buys.
Once the price reaches this level look for confirmations for bearish reversal and then we can start looking for sells.
GLD long term convergenceUsing 50 and 200 week moving averages, GLD is currently consolidating around $120.
EURCHF Buy Dips IdeaD1 - As long as last swing low is holding, I am still after buys in this pair.
Technically we can expect at least the last swing high to be reached as bullish divergence has formed already and the pair is making the move up.
H4 - Price is creating a Convergence Principle with The false break of 1.3608 (blue line), was followed by higher highs (green line). Ideally we are now after double wave correction down, and then we can long the pair.
Corrections are due as price is close to 20 candles ride on the Bollinger bands,
It is now important to remain patient and wait for the best possible setup that the market will provide.
USD looking Very BullishStrong indications of trend reversal.
Convergence on MACD.
ABCD pattern completed.
DXY hits 0.618.
Feedback is always welcome!
Convergencekinda late to post, but my current trades look like that
(Watchout for reverse similiar pattern on EurJPY 4H)
