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Corretion

BTC: Impulse Wave 1 Complete, Awaiting Wave 3 SurgeIt appears that Impulse Wave 1 (green 1) has completed, with the necessary expanded ABC correction in place for Wave 2. Currently, BTC looks like it’s in Wave A of 5 of C. According to the Hurst cycles at the bottom, we should expect this corrective phase to last a few more days, up until the dotted blue line. If all goes well, this will lead us into Wave 3, where we can anticipate strong upward momentum and potentially ferocious lunges to the upside. This will be Wave 3 of 3, meaning we should see a substantial bullish move. The Hurst cycles suggest that Wave 3 could continue until around the 7th of November, making it interesting to consider how the U.S. election results on the 5th may influence this move. In any case, keep an eye on BTC for potential breakouts. Remember that corrections are healthy—and stay tuned for more updates!
Long
by cryptechcapital
Reverse Repos - Cross All Time Highs @ 1.117 TrillionNothing to see here, of course. Unless you are a student of History and well versed in the prior Financial Crisis of 2004 - 2008. We identified the issues with respect to RMBS in March of 2004, published it and waited ~ 13 months for it to unfold. A year later the Equities Complex began to see large distortions which resulted in a 10X leverUp by the Fed following the 2008 Crisis. We are seeing precisely the same patterns today. Although this will require more time to complete, the trend remains the same. A correction, followed by new all time highs, followed by a larger 50%+ correction from higher All Time Highs in 2022. It should be clear, M2 NEVER SLEEPS :) Prosperous "Trading" to everyone. It's a Jungle in here.
FRED:RRPONTSYDShort
by HK_L61
11
HAVELLS IND LTD. - FUNDAMENTAL VS TECHNICAL ANALYSISNSE:HAVELLS First will have a look into the fundamentals of the stock on QOQ, The Q3 result of NSE:HAVELLS is quite compromising to investors, the peoples interested in consumer sector line. Net Sales - QoQ Growth in quarter ended Dec 2019 is 1.82% vs -17.82% in Sep 2019 Operating Profit (PBDIT) excl Other Income IS 14.5% Consolidated Net Profit - QoQ Growth in quarter ended Dec 2019 is 12.09% vs 1.37% in Sep 2019 Latest dividend: Rs. 4.5 per share. Ex-Dividend Date: Jul-18-2019, DIVIDENS YIELD IS 0.73 % (Source: Bloomberquint) As per technical the stock is almost completed the correction, but still we can wait to reach the zone to accumulate for positional or long term investment. Q3 result might be quite impressive to invest in, but still technical side we could expect little bit down to complete the 5th wave in primary also completes the trendline (4th wave). levels are to accumulate 545 to 575 stoploss level is below 510, for longterm targets have arrived through technical by elliotwave, the correction is happening now is the 4th wave of cycle and impulsive (5th) wave target is 1150 to 1200. let us wait and see, what market has for us. for more details reach us through writetomonk@gmail.com or "9884344490" Disclaimer: the posts are for only educational purpose.
NSE:HAVELLSLong
by Raj_marketmonk
$EUR vs $NZD Daily Chart.Potential rally |#EURNZD #fx #eur #nzdTraders, -EURNZD has completed its abc correction, internal structure of 2nd corrective wave ( 2 circle) -Impulsed up (1) from 0.886 Fib retracements, bouncing from the weekly trendline. Watch for buy near 1.54850, after some correction. Hold your buy for a potential rally, watch price action when breaking the previous top. -It could be still in internal correction of WXY (not showing it here) Trade with discipline Best
Long
by ChrisMark
1
USDJPY Forecast: Gartley to 2618 to V (Elliott Wave)USDJPY has completed a bearish Gartley pattern in a corrective wave structure. The flat correction may be treated like a double bottom so that a long trade can be entered at the .618 retracement of CD, a common Gartley target. The 1.618 extension target for the 2618 trade coincides nicely with previous wave 4 resistance and serves as a nice TP zone. A short trade may be taken in the S/R zone to follow through with wave ((5))/III. SL for short is placed above wave I peak as any overlap will invalidate wave structure. Target is placed at 1.382((1))=((5)) and above previous fourth wave support. Long trade yields a R/R of about 3, where as the short trade provides a 4.22 R/R.
by glennmercer
A bubble within a bubble.Consider shorting the Nasdaq100 which is highly represented by technology stocks. Even if you don't believe there is a severe correction around the corner, tech stocks are extremely expensive. A move above the asset bubble trend is telling me there may be a pullback to the middle of the linear regression line - minimum. Consider selling one the price move back below the upper blue line. Even if you're a doubter of the pending market correction consider this: "In the last 52 weeks alone, eight of the 10 major S&P sectors have retreated more than 4 percent at least three times each. Nine sectors - all except technology - have had at least a 6.9 percent drop." If you are not able to trade indices or short them, please contact me and we can discuss some options.
FX:NAS100Short
by maccabean
3