SPY EXPANDING TRIANGLE WAVE 4 - SHOULD BREAK THE DEC 2018 LOWSMY PRIMARY COUNT FOR THE SPY
EXPANDING TRIANGLE
WAVE 4
TARGET 2200
EXTREME BEARISH DIVERGENCE WEEKLY
Expandingtriangle
Searching to add more short positions on the DowThe previous idea on the Dow made it possible to get in short with perfect timing.
From here onwards I will be looking to add short positions evrytime the fractal levels are broken (red line).
For agressive traders the current 50% retracement level could be considerd as a trigger to extend positions.
NZD/CAD Technical analysisNZD/CAD pair is currently in a downtrend after being broke out from an Expanding triangle.
It is currently facing pullback & retesting the broken trend line.
Hence, We expect the pair to be bearish further from here.
SPX Expanding Triangle. Pivot pointIn the weekly chart we observe another touch on the expanding triangle. I am trading the following scenarios:
1) Short. If this scenario is right, expect considerable retracement, following the direction of the red arrow. For me, it is the most likely scenario right now, and I am in aggressive short in SPX500 futures, and long in VIX.
There is very clear bearish RSI divergence on the weekly chart, in an expanding structure.Stop above 3040 for the following week.
2) Long. If the expanding triangle is broken to the upside, in the retest of the trendline is time to go long. Be ready, this could very well happen.
The R:R for this trade is stunning. I will take partial profits if the downtrend is confirmed at important supports. 2967, 2800 and I would turn eventually long with stops below the long term trendline.
SPX, Expanding Triangle telling us going short?Since the beginning of the year 2018 the index S&P 500 is more or less in a very big correction formation called "expanding triangle". So that is a horizontal correcting wave which in this case is symmetrical (top rising, bottom declining). In my opinion we are still in a bull market, so i think it will be "just" (30%) correction in the S&P, before we start a new rally like in the years 2016 to 2017. When this analysis should fit, we could go to 2100-2200 points. Its likely that the reason is that the FED is waitin with their rate cuts and Xi & Trump will fight again, cause of their trade-war. The markets expect now the best of the best cases, but that wont happen in my opinion. So we will see.
But one thing: when the market has dropped to the to "E", the FED will cut the rates to help them go further up and up. And also Trump could make a "fake" deal with Xi, so just that the markets go up that much that he has a well doing stock market in his election-time ;-) My theory ^^
Negative chart formations in US30The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation.
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this neckline (25190-25200) will confirm negative sentiment and initiate a short position with a stop at 26000 and target of 23725 area
ADA/BTC: Cardano Long Term Buying Opportunity !!ADA Still Bullish , Currently taking Some Correction After Complete Correction ADA Can Create a Double Bottom Which is Possible then You Can See a Big Spike in Price.
if Double Bottom Create then You Can see ADA 1600 Around.
Let see !!
invest on Your Risk , This is Only For Education Purpose Only.
Thank You !!
USD/JPY : Bullish Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
AMZN: Top end of expanding triangle Couple of Trump deadlines coming up, the Chinese 25% tariffs and the funding for the wall/slate/whatever. As previously mentioned, I am of the opinion Trump is over promising and will continue to under deliver. He will be reluctant to look like he caved again. Which company will be the biggest victim of higher tariffs and maybe another shutdown? AMZN. AMZN works off low pricing and no prizes for guessing how much of AMZN products are sourced from China. The potentially higher tariffs coupled with weak consumer sentiment mixed with the probability of another government shutdown will be painful for AMZN.
Technically speaking, AMZN is:-
- hemmed in an expanding triangle formation or commonly known as megaphone pattern. This is a bearish pattern
- hemmed in by the 200-days MA
- MACD has reversed
- the 50-dma, 100-dma are trading below the 200-dma. Pick your favorite version of the death cross, AMZN got them all.
Top end risk of c.$1780 vs. lower end of megaphone pattern at c.$1250 gives a c.1:2 risk reward.
MA: Expanding triangle formation with MACD divergenceWith every slowing economy comes the surge in credit cards charge-offs and MA is one of the most richly valued companies which I have looked at. Price action has been knocking around a bearish expanding triangle and held in check by the 240M 200-periods moving average with a negative MACD divergence. Not sure if I am early to the punch but downside potential is around the $1600 region which implies -c.17% downside.
EUR/USD: Buy Trade Setup !!BUY Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
ETH Ascending Broadening Wedge/Bull Expanding TriangleHello everyone, hope you are having a great weekend.
I decided to update my ETH Ascending broadening wedge idea, thinking that this might be the E wave(last on up instead of D). My last publish was thinking the wave labeled D is actually E, but we will see how it plays out. Thinking it will either breakout where the red arrows are. Once again this is a long term perspective, I like patterns to play out, it's easier to predict price action. I'm not an expert, just picked this up as an hobby and hoping to receive some feedback.
Another interesting tidbit is the W MACD has been forming a bullish slant divergence, with a crossover possibly around Dec 3.(not like in the daily)
Please don't take this as trading advice, just an idea.
Monero XMR 17 % !!Monero Making Expanding Triangle if Price Dropped on the Support Level 0.015800 then we have a Long Position Opportunity.
we Can Place Sell Order 0.018500
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comment Box.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Is ETH in an expanding triangle?This is my first publish so all constructive criticism is welcome. It looks like ETH has formed an bullish expanding triangle/ descending broadening wedge with this current leg up forming wave D. This is a long term perspective, what does everyone think?
Be Ready to Play the BTC Breakout in Either DirectionIt would appear BTC has completed a full 33333 expanding triangle on the one hour chart. Be ready to play the breakout, in either direction. The market is due for a move! If the move is down I expect a low at $5200.
EURJPY elliot wave coming to an endThe Elliot wave seems to be coming to an end, now the price is looking to test the support level. If the price successfully breaks this support level then it may be looking to test the previously broken resistance. I think the first one is more likely, but the second is also possible. I think it will bounce after the test of this support level, if the price breaks below this support level it is very likely that we would see an expanding symmetrical triangle start to form. I will keep this idea updated over the coming weeks.
BTC support becomes resistanceThis long term support level (red) seems to have acted as a level of resistance as bitcoin tried to gain momentum and move higher in price. The resistance level managed to hold bitcoins biggest push over the past couple of months. The prices seems to have bounced off the resistance level and moved back below the resistance level of the descending triangle, this is not good for bitcoin as it means we could see more bearish moves from this pair over the coming days and weeks. There is a chance that the price could move up from here and form an expanding triangle, this idea is supported by the fact that the RSI is currently at an oversold position. I will update this post with any new ideas.
