B wave alternative from 18600-700 to 22K areaThis a bearish B wave alternative, but a bullish short term rally nonetheless..
Correction
CAD JPY SHORT TRADE Wave analysis
market structure
price action
order blocks
liquidity
impulse wave
correction
expanded flat
Wait for rejection on EURUSDAfter a very definite downtrend, it's now time for a pullback on EURUSD.
Right now, we don't have any signals to sell yet.
Today, we need to observe and see how it will react between the levels of 0,9850-0,9930.
In moments like this, it is very important to show patience and wait for the right signal to enter a trade.
The downtrend continuation will be confirmed on a breakout of the previous low!
NVDA daily RSI divergence at the end of wave 5 downtrendNVDA daily RSI divergence at the end of wave 5 downtrend. Expect ABC correction or change of trend )))
Intraday Update For SP500 Futures- Although the European stock markets closed with a positive sign on Friday, investors were taking a step back to evaluate the data on inflation in Europe and the US, since they are afraid of a global slowdown in growth and an aggressive tightening of the monetary policy by Central Banks.
The new record from 9.1% inflation in August to 10% inflation in September as the European Statistical data showed is provoking worries for the continuation of the ECB to raise again the interest rate by 75 bp. 10 countries out of the 27 in the Eurozone announced double-digit inflation rates. Dax40 closed for the third consecutive week in a negative sign at -1.38%.
On the other side of the Atlantic, things in the US region are pretty much the same, since personal consumption expenditures – the FED’s ideal measure of inflation – rose 0.3 percent in August from July. Specifically, consumer spending after the drop of 0.2% in July rose 0.4% in August. Consumer expectations for average inflation over the next five years fell slightly from 2.8% to 2.7%. Consumers’ expectations for inflation next year fell to a one-year low of 4.7%, down from 4.8% the previous month.
All those readings force the US officials to tighten the monetary policy for some time to be sure that inflation returns to target. Dow lost 2.9%, the S&P 500 2.9%, and the Nasdaq 2.7% weekly. On a monthly basis, the industrials index fell 8.8%, the broader market index fell 9.3% and the technology index posted double-digit losses at 10.5%.
Looking at the SP500 futures, the market came down perfectly after that rally up in four into 3750 resistance, before price came down from a triangle in red wave (4). Thus, current stabilization is normal and should unfold in 3 legs. Ideally thats now a higher degree wave four with resistance at 3750.
#Elliottwave #spx #spy #ES_F
Is it time to sell EURUSD?EURUSD rejected the sell zone on Friday.
Now, we could see the beginning of the next downside move.
You can wait for a confirmation which will be a breakout of 0,9731.
However, selling right now is not yet confirmed as we can easily see price going above 0,9854.
The direction is still to the downside and we are only looking to sell!
NASDAQ RSI DIVERGENCE, FIBONNACI!!Nasdaq has reached its crucial support. information is spreading about a recession in us markets, but technical like supports, rsi are saying to rise.
although inflation is too high in us, and the markets too have corrected about 35% from its top, it do looks like, markets will not correct further more.
same saying in the fibonnaci indicator. the index is lying in 0.618 zone.
lets see if the stock do gives a gap down, and gives a breakdown, or rise.
although last one statement, that NIFTY IT too have reached its last support and should not fall further(still it is been rising very slowly this days, but its in the same zone, unless us markets will stop falling). therefore i dont think much like there would be a further correction. ofcourse i could go wrong but lets further watch how markets do perform.
DJIA, A comprehensive analysis from 1932 to 2022 ! Whats next?Hi great followers, traders and investors !
Today, We analyzed one of the most important indices in US market. I decided to record a video since I thought that it may be difficult to show what I am thinking in writing. In fact, I wish to transfer my idea better by this video.
In this video, We investigate Worst, Moderate and Best case Scenarios. We analyzed the index from 1932 to 202022 and discussed different possible scenarios. We can never predict the future without looking to the past.
As I told in video, what I currently suppose to be the most likely scenario is the moderate one, but we have to keep in mind that other scenarios even bullish one is possible therefor, we have to be open-minded and be ready for all possibilities.
Good Luck every body.
Stop buying the EURUSD EURUSD completed the upside move to 0,9850 pretty quick.
That means, it's probably best to close all long positions and wait for the right moment to enter again.
We could see a continuation up but buying right now is probably not the best idea.
You should focus on price rejecting the zone.
It could take some time until the market gives us a clear move and that's why you should wait for a further confirmation.
META (1W) - Short term Correction UPwards. Wave B coming ? Heloo Traders and all kinds of Speculators :),
Today i got interested into META ( Facebook) which lost around 65% from its ATH. You can see that chart forms something similar to Falling wedge or Ending diagonal within wave (v) of A.
If so, we could reach a support ideally at 125usd. (or range between 130-110usd).
From where corrective wave UP could begin. With possibility to gain +50 to +75%. Sell zone is between 190-230 USD.
For such move the entire market should enter another bear market rally and a lot of Positive news (Temporarily).
At price around 125USD ... the P/E Ratio will be 10,5 which is very tempting for company like Facebook.
Consider your Risk : Reward ratio. Hopefully no Long-term investor will take this chart too serious for some significant position. (It could be but i think another wave C will come)...
Take care and trade safe. ;)
CHFJPY Short Term Sell IdeaH4 - Bearish convergence.
Currently it looks like a correction is happening.
Until the strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this short term bearish view.
It's time for a pullback on EURUSD EURUSD started a pullback yesterday and we expect it to continue towards the 0,9850 level.
Once the pullback ends, we will focus on short positions again.
Buying right now would be considered aggressive and that's why make sure to use less risk!
(D) XAUUSD GOLD 3-3-5 FLAT CORRECTIONLooks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.
EURUSD H1Hi traders, EURUSD is setting up for a upside move watch correction to form in a lower timeframe and break GOOD LUCK.
CADCHF H1Hi traders, CADCHF is setting up for a breakout of correction watch a sharp breakout and look for long GOOD LUCK.
EURGBP Short Term Buy IdeaH4 - Price has broken above a strong resistance zone and is currently holding above it.
Higher highs.
No opposite signs.
H1 - Currently it looks like a correction is happening.
Bullish hidden divergence.
Until the two key support zones hold my short term view remains bullish here.
NATGAS Will Go Up! Buy!
Hello,Traders!
NATGAS fell sharply from the highs
But a rising support is nearby
So a bullish correction is ahead
With the target being the resistance above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
HEX Is Coming Into Strong SupportCryptocurrency HEX is one of the weakest for the least year, but from Elliott wave perspective, we can see it finishing an A-B-C corrective decline from all-time highs.
Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree and you can see, it can be now trading in final stages of wave 5 of C.
From technical point of view, we can see it approaching important and strong 0.03 – 0.01 support zone at the former lower degree wave 2 and higher degree wave IV, from where we can expect a bullish reversal. However, keep in mind that bulls can be activated only if we see sharp or impulsive recovery back above 0.10 region.
All the best!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
LYFT: Uplift due?LYFT Inc
Intraday - We look to Buy at 12.19 (stop at 8.59)
Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected.
Our profit targets will be 22.86 and 29.00
Resistance: 23.00 / 45.00 / 66.00
Support: 12.00 / 6.00 / 3.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
A new low on EURUSD On Friday EURUSD reached the target at 0,9685 and this morning we have another 100 pips drop!
In moments like this, it is pretty obvious why we should trade with the trend!
The only thing that we have to focus on is a possible pullback and a continuation lower.
The next support level is at 0,9510!
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously.
today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves.
therefore this analysis even says that US markets will also recover very soon, and will give its bull run.
