Eliottwavetheory
#PG Long!PG looks like a good long if it can hold support or bounce off my next fib if not i see this dropping to the area I have marked up before making another impulsive move higher, overall i see this following Eliot wave nicety don't miss this one you can ride the top or ride the bottom your choice!
APPLETHIS ANALYSIS IS ONLY VAILABLE IF A GLOBAL MARKET CORRECTION OCCUR A BULLISH SCENARIO COULD ALSO OCCUR IN THE MID TO LONG THERM.
THIS IS ONLY A TECHNICAL ANALYSIS BASED ON ELIOT WAVE THEORIE! WE DO STILL SEE SOME BULLISH AHEAD OF US AT LEAST ON THE SHORT THERM.
WE DO SEE A CORRECTION OCCURING THIS YEAR, and since 5 wave find there tops, and the correction ahead of us no matter what bullish american famous investor says this gonna be a good year and then buying bitcoin as a safe heaven will happen on any bad news.
plus if we did reach the top risk to reward ratio would be 1:4.
i don't know about you but i do like those kind of setups.
also to note: we were bullish and got most of the big bull move this year that can be checked on our profile. if we turn bearish is because a market full of yolo traders and fomo traders is absolutely frodulant and not healthy.
the simple fact that a tweet from elon impact so much an no related company just show how dum the money in the market is currently
BITCOINfollowing eliot impulse wave.
we calledd tthe 34k in our bitcoin to fat return looking at some fib extension.
witth the pulse to the 41K level, a retracement should take place (and might already had started)
wave 2-4 tend to bounce of fib level. taking in count the fam around it and the fomo comming in the market we have a nice short opportunity.
LINK Short ideaThe idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree.
10:1 might be to risky for some, but with the right PA it's possible.
We should drop to around the high volume node to finish the retracement before continuing upward.
Good confluence with golden zone for W2 retracement and high level node.
Wait for a bearish entry signal before entering.
This is not financial advice.
BTC Downtrend Continuation possibilitySince ATH we saw a nice impulse wave to the south, now a typical 3 wave correction. Bitcoin had multiple weeks of bullish movement, a 4-day correction may not be sufficient enough to cool down the price action a bit. It May take a couple of weeks to reach the support level, but it is nothing unusual, during the last bull run the corrections took between 12 and 25 days. What we can wait to see is a touch to the 21 weekly MA.
Of course, this is not a financial advice! Trade safe and always keep in mind that you might be wrong.
GBP INDEX analysis and forecastHi traders, as you see GBP index is about to complete that running flat, so nice wave to the downside is expected there. It will probably correct on lower tf for that last push to the upside, i see price retesting that trendline and fib 0.618. Dont rush, wait for price to complete that pattern and confirm that drop first! After that i will be looking for price action and sign for reversal. Stay patient, nice setups will form on GBP pairs. Good luck
US30 DOW JONES UPDATE Hi traders, i was expecting price to push lower but that didnt happend and price reversed back. Im still with my analysis from few days ago when i said that there is high possibility that price will go and retest upper trendline on that running flat pattern. Price can still just drop at any moment, thats why im having trendline there to notify me if price will break lower. But like i said if price will go retest that upper trendline that will give us better entry. Be carefull there is a lot of uncertainty in US. But I will keep selling it, becouse i still expect nice push to the downside there.
Fire and Flower Crazy Potential/Potentiel de malade sur FAF!!Fire and Flower Crazy Potential
Take profits and minimum eliott wave targets.
Epic gains if this plays out.
Fundamentals are strong since ATD.B is behind them.
/
Fire and flower a un potentiel de malade!
Mes take profits et mes minimum du eliott wave.
Gros gains possibles.
Les fondamentaux sont solides puisque Couche-Tard est derrière eux!
Video explicatif sur ma position:
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US30 DOW JONES update analysis, possible H&SHi, yesterday we had nice rejection which is our impulse for downside movement. Price is currently moving in the flag pattern which needs to be finnished by one more high (C wave). Price might stop at 0.618 around 30450, but im more for price to push higher to 0.786 around 30600. I expect price to form H&S there which is marked, and then drop. Anyway nice wave to the downside is coming there, dont miss it! Good luck
US30 DOW JONES analysis potencial dropHi traders, price is curently moving in runing flat pattern and i expect nice reverse on US30 but momentum is still strong so I think that we can first see retest of trendline and new all time high around 31500. Anyway i put trendline there so if price will reverse sooner i will know. Wait for price action on lower tf before selling, becouse buy momentum is still strong! Lets crush 2021! Good luck!
EURUSD analysisHi traders, since we expect dxy to continue moving to the downside, I expect price to push higher on EU. We are having ascending channel on 4h, and insde that channel there is runing flat for buy. I expect break of previus high around 1.2538 (i will update below higher tf picture for better understanding). Anyway im not sure that we will see that push this year, but deffinetly in the start of 2021. Good luck everyone, and have a nice day!
DOLAR DXY Continuation to the downsideHi traders, dxy is gaining some power and i excpect that it will make one more push to the upside before reversal. Price might reverse at 0.618 if not, then i will watch 0.786. But for me this looks like runing flat at the moment, so price shouldnt break previus high in that correction. If it will then we can expect expanded flat. This move to the upside should move gold down like i posted before. (check analysis) Anyway watch dxy to reverse around 0.618. My long term expectations for dolar is breaking under 88.00. Good luck
GBPAUD analysisHi traders, I think that we might see one more push to the upside on GBP before reversal. I want to see price to made some price action for buy, it might bounce from trendline. I see gbp index to push bit higher. Around upper trendline where i expect reverse its even daily SMA line which can nicely push price lower from that point, and there will be abc flag completed. So far we are having A and B wave in that 4h flag correction, so C wave is expected. Wait for price action before buying! Good luck