CRAZY DAY!!!!WOWWW what a crazy day.. chart played perfectly now what about tomorrow? well heres what i think! we are headed MAX to 9158 on the NQ or 2876 on the S&P , i think the future algos will have there time well spent correcting that crazy move at the end of today.. that said upside is minimal R/R now to the down side.. any entry over 285s a good one, let her RIDE! follow my twitter for more updates @jose_spy1
Eliottwavetheory
VERY CONFIDENT! hello everyone i normally chart the SPX but it looked really choppy so i looked to the NQ and heres what ive got! looks great all things line up i am playing this aggressively! leave you opinions and follow me on twitter i would really appreciate it! @jose_spy1 would love to see other eliot counts so send em my way! goodnight!
Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long)
As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
USDJPY: SELL OPPORTUNITY SOON!USDJPY has been on a run lately but with the very long 3rd wave completed, and making a move to the 4th wave, we can expect the 5th wave to be very small, with a chance to be in a good short position around the 110.35 price level as it corrects down.
There is a trend-line that should run right below wave C. This may be a good area to buy at but it's too early to tell.
Note: Expect wave 4 to correct no more than around the 38.2% of the move.
Good luck traders!
I am not a financial adviser. This is for educational purposes only.
TRV Potntial Short 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Short 5th Wave Swing Trading Opportunity on TRV. The 5th wave move in an elliottwave sequence is the highest probability move.
The wave 4 pull back after the earnings gap down has found resistance in the green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart will be hit.
We see yellow dots formed in the oversold zone on our special False Breakout Stochastic indicator, which signals strong Bearish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the overbought zone, there is a high probability the stocks price action will resume the overall bearish trend.
We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone.
So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability short swing trading opportunity on TRV with the following entry strategy:
Short entry through $132.22
Stop Loss $136.22
Target $126
Giving a Risk to Reward over 1:1.6
Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<