Dow Jones : Long up to 25 300 ? (Elliott's Waves)After today's situation, I came to the conclusion that we are in a 5th wave that can lead up to 25 300, AS LONG AS IT DOESN'T GET TRUNCATED
25 300 would match a 0.618 retracement of the big drop to 18 200
If we reach 25 300 and then move back down, it might mean that we would start the 3rd wave (3 out of 5) which would go lower than the first wave (at 18 200).
I might go long if we break the 3rd wave high, and then if we hit target of 25 300, all SHORT !
Fibonnacci
VECHAIN buy opportunityTraders, We are at a level where we could see further upside if we manage to close above the 0.382 , we've seen this level before . another positive point is the 21&50 moving averages crossing which is very bullish in our case if this happens . ADA Cardano could show you the way we are hopefully taking . a close under this fib should be seen as bearish . please let me know your point of view
Bitcoin Breakout OpportunityI am watching 7400 as a potential breakout area. I believe if used correctly certain Fibonacci tools work in different situations, sometimes they are relevant, sometimes they arent. In this case, I am using the Fibonacci speed resistance fan. So far the price has followed this tool well. A rejection at 7400 would be bearish and move above would signal much more upside.
Neither bullish or bearish yet. Wanting to be reactive, not predictive
EURUSD This impulse was expected - Let's zoom inDear all,
See my previous post "Last leg of a larger retracement": The EDT was expected to unfold and the full retracement to stop at Wave 2 level. This occured. From there we see an impulse which is shown here on the 5 min !! chart. I would like to give you more insight how I interpret the chart based on wave analysis.
Current Situation:
We see an impulsive in wave (i) and a correction in w. Then the price moves higher in wave x. Now, wave x is very important. Many people think that this is a new impulsive wave and go long. From my view this is wrong. A retracement always ends with an impulsive wave (maybe I will show this in a video taping. Difficult to explain in written format). And the previous leg of x was not impulsive. Going Long now bears the risk to be knocked out.
Therefore be patient and wait for the last impulsive decline (i.e. confirmation). Btw, technical analysts will call this later "the price has tested the trendline".
So I expect this decline to happen down to the marked rectangle. If the wave y stops there, this might be a good entry point for a long trade.
Nice Weekend
Merakshi
BTCUSDT. 4 hr Fibonacci Says 'Yes' But Market Is Weak. Yes, am expecting more upward momentum, but generally, very lackluster. Might be lucky to get up to $7230 but not worth betting the house on. Yes, day high for this week is about 7230, so if you are doing this trade, certainly should consider getting out of it by 00:00 UTC.
DAX - Short - 0.382 Fibonacci Retrace - March 11th Resistance0.382 Fibonacci Retracement & March 11th to break through
Plenty of positivity in the day (Oil, New York Virus Regression, Mortgage performance, Slowing death rate in europe i.e. Spain and Italy)
At a point of 2019 lows which could prove difficult to breakthrough previous support back in 2016.
This consensus definitely forms a basis for a short trade or if your optimistic see if it breaks through this resistance and let the bulls continue to drive forward.
NCLH - Fibonacci retracement shows first level of resistanceNYSE:NCLH
Norwegian Cruise Lines (NCLH) recently ran into resistance as sellers prevented the stock from going past the .236 fibonacci retracement level earlier this week. Furthermore, recent options activity shows bearish sentiment with NCLH put/call volume ratios of 2.07 This means for every 1 call that trades, there are 2 puts are being traded. The Put/call open interest ratio is a little more narrow at 1.20. (Ratios were taken at the time of when this article was written and are subject to change).
With the prospects of receiving a bailout is not looking good for the cruise line industry, there are mixed signals from the White House that leave many investors wondering whether to buy the stock now, or wait for another drop in the stock. Many cruise lines have suspended all operations for 30 to 60 days. So we will be monitoring the impact that has on the stock.
The White House is expected to pass the massive CARES act, which may provide many U.S. companies the eligibility to receive loans or loan guarantees from the Federal Government. The major cruise lines are not incorporated in the United States, which the President knows and mentioned last night that he would like to see them come to the United States... and that he wants to assist the cruise lines. <- You can see now why it's a toss up as to whether or not the cruise lines will receive financial aid from Federal Government.
Based on all the public information available, where do you think NCLH is heading? Up or Down?
Dow Jones ShortLittle short idea using Fibonacci level
I am a beginner do not hesitate do correct me if I’m wrong.
Thanks
Análise do Bitcoin - Gráfico Diário Antes de iniciar é bom ressaltar que o momento agora é de observar, até o mercado reagir atingindo os alvos demarcados neste estudo, só após isso acontecer aconselho entrar no mercado seja para traders ou para holders.
Segue a análise do Bitcoin do gráfico diário.
O BTC chegou a um forte suporte de 8000,00 dólares. Vamos esperar pelas próximas horas para ver se teremos força compradora dos Touros para mudar esse cenário de baixa que ainda permanece.
Próximo suporte - entre 7750 a 7450
Próxima Resistência - entre 8200 a 8300
Bom é isso por hoje!
Boa sorte nos tradings!
GBPUSD is Setting a Stage for Massive Rally.The advance from September 2019 low can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5. According to the theory, a three-wave correction follows every impulse pattern.
In GBPUSD's case, the decline from wave 1 high in December 2019 has been unfolding as a three-wave A-B-C zigzag pattern. Wave A and B of the correction are sharp moves while wave C seems to be unfolding as an ending diagonal pattern.
If this count is correct, GBPUSD is about to complete a bullish 5-3 wave cycle. The theory states that once a correction is over, the larger trend resumes in the direction of the impulse.
Here, once wave “C” is over, a bullish reversal can be expected. The anticipated rally has the potential to move GBPUSD price above wave 5 high around 1.3518 in the short term.
What's your thought on GBPUSD? Let me know in the comment.
Thanks.
THETA/BTC - GOING TO PUMP SOON!Theta earlier this month before BTC took off had a beautiful breakout of a long term wedge that developed, turns out it was either a false breakout or Bitcoin pushing it back down!
What I see here is a Re-test of the wedge and then this one taking off toward the 61.8 fib level and beyond. Momentum is hooking up and one of my other indicators also caught this and screamed to long. If you see the other calls it made for Theta it does a great job.
Theta for a fundamental side of things is also being featured at SDC19 0 Samsung Developer Program Conference.
They will be featured at the conference to demo integration in smart TVs. Remember THETA was developed with Youtubes Co-creator so they have real connections.
SO you have TA and Pumpamentals aligning!
Trade, Chart, Learn, Repeat!
Coach K
Twitter: @coachkcrypto
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Disclaimer: This is not to be taken as financial advice - This is what I am doing
WDP Buying position at 150Hello All,
It looks like the triangle is now broken by the bottom => Short to 150.
Around 150 looks like a good opportunity to had a Long position :
TP 1: 175
TP 2: 189
TP 3: 204
This is just an idea, so if you have some advice please feel free to comment below :)
Thanks,
Mathieu
GER30: Wait for confirmation candle...- Pennant chart pattern formed indicating a bullish continuation of trend.
- Wait for confirmation candle
- On the W1 timeframe price is respecting the 61.8% level
- H1 timeframe is showing an uptrend and price retraced within the pennant.
- We are looking for price to break outside of the pennant and retest it before entering the trade