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Correctionstructure

XAUUSD Next Move After 2 Years Sideway XAUUSD was moving in corrective wave for almost 2 years. Last bullish move coincided with an increase in volume. Soon will touch first support at 1680 and could bounce upwards from this level. Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation. Because more hike on fed % rate could mean more downward correction to the next support at 1580. And AFAIK some whales have moved their money into other hard asset other than fiat.
OANDA:XAUUSD
by PakRT
BNB/USD: simetric triangle;break outBinance Coin break out this simetric triangle and formed a possible nice correction to short BNB toward $424 USD. Maybe, it's a good idea to short cryptocurrencies. I hope this scenario in Daily timeframe. as you look, we closed up with a bearish candlestick, this it's a clear correction in this cryptocurrency and investor want to leading BNB down to find up best zone to buy. For that, you must to prepare to open up short. I put my sell order limit at $467 USD and SL at $487 and target at $424. This it's a risk/benefit: 1:2. It's a good proportion to get nice profit. ***This it's my update today*** And for that, I find up this nice short position in BNB
BINANCE:BNBUSDShort
by harisonhbn9718
1
BTCUSD - Outlook Mid Day Update 2021.06.06Guys, once again Bitcoin has given everybody the slip. The upwards momentum last evening at the open was not sustained and price proceeded to make a double flat pattern which I have labeled yet again (w)(x)(y). Current price action appears to be making another form of 3 wave pattern to the down side and possibly creating one of the two possible harmonic patterns on the 30 Minute Chart. Either a Bat Pattern ending at 35371.65 or continuing down to 34263.75 to make a Bullish Crab. This is letting us know that the much larger corrective structure is not yet finished. Taking a Sideline Market Position right now may not be a bad idea. Good luck and Safe Trading!
CAPITALCOM:BTCUSD
by AsproTrader
1
NIO correction about to be overThe chart is self-explanatory. Previous "Bear Market" for this stock was -61% ---> this is considered normal, for such a growth stock (Go check historical corrections of AAPL, and see that regardless of large percent corrections, the stock did new highs). If the price will go to $26 we would expect the price to hold that level and try to test for the high. As with the previous patterns, RSI was below 30, now we want the price to confirm with upward momentum.
NYSE:NIO
by ZoharCho
4
US500 3541.1 - 0.32 % SHORT IDEA * CORRECTION AND PRICE ACTIONHey everyone A look at the S&P 500 that is currently trading is a bear flag looking for a break below of the structure, the index rallied up with the bull and was bound to correct this move to complete that big gartley pattern so previous swing lows will be our targets and guided by the fibonacci levels a break above of structure will change the whole trading plan. As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET THE WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
UShort
by PULEMokhothu
SPY Complex Correction In ProgressWe thought the downdraft in October marked "ABC" on chart was the correction. But... We got another pivot at the .62 Fibo, where B turned, now X turned again. Looks like we got a larger WXY wave. ABC was the W that formed first bottom. If this pattern completes, expect -33 on the ABC leg to approximate the X-Y leg. This would put Sand P down around 252. For starters. Let's see how it plays. In my humble opine, we are entering bear market, started 4 October. Sorry! This isn't advice, it's a half-baked idea, trade at your own risk and good luck!
AMEX:SPYShort
by DaddySawbucks
4
Is a financial crisis ahead?In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time frame. As the US30 is a much older more seasoned instrument, that's why I took 1 week of the US30 to approximate to 1 day of Bitcoin. Parabolic markets are superheated and resist correction. Keep in mind that it's a new world where we have electronic dealing, so the fight to stay afloat is likely to be more reactive and violent. For those who are interested focus on the form of the struggle. What can we learn from the Great Recession ?
FX:US30
by Captain_Walker