FETUSDT Elliot Wawe theoryExcuse me!
An interesting picture has been drawing in front of me for days.
According to my theory and analysis, an elliot wave may be true for FETUSDT.
As part of this, we may now be in a correction.
I am attaching pictures of the details below.
First picture
$0.60 resistance
Second picture
Liquidation image
Third and fourth picture
Elliot wave in more detail on the hourly view.
R3ncso
Daytrade
BTCUSDT Long futureExcuse me!
It's been a long time since I wrote an opinion or an idea here, but I'm learning the dynamics and laws of the market.
In my opinion, this is a flag formation at 4 o'clock. An eruption is expected from it until November 22. I believe that if this pattern is confirmed, BTC may have growth potential in the future. I look forward to your opinions and comments in the comments. Thank you for reading.
R3ncso
CL1! Crude Oil Day Trade 7-Nov-2023TRADE DIRECTION: SHORT; as indicated by the 4H-EMA 50 (yellow line) and the market structure.
KEY LEVEL: Round numbers S&R with 50 ticks range between each level.
TRIGGER SIGNAL: Doji and bearish pin bar (red arrows) with price failed to close above 79.50.
RR: 1:1
SL: 100 Ticks
TP: 100 Ticks (achieved)
CL1! Crude Oil Day Trade 6-Nov-2023The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart.
TRADE DIRECTION: Long
KEY LEVEL: 81.00
TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported by other bullish reversal candles (green arrows).
Entry: 81.00
Stop Loss: 80.00
Profit Target: 82.00 (100 ticks of profit achieved)
Risk to Reward Ratio - 1:1
CL1! Crude Oil Day Trade 5-Oct-2023TRADE DIRECTION: SHORT; as indicated by the downward trendline (red line) and the market structure.
KEY LEVEL: Round numbers S&R with 50 ticks range between each level.
TRIGGER SIGNAL: Broke bearish pennant with the confluence from 2 trend continuation candles (red arrows).
RR: 1:1.7
SL: 88 Ticks
TP: 150 Ticks