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Bearish Short-term but Bullish in Mid-term for investors🔎 Fundamental analysis (📈 Bullish) The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions. 👨🏻‍💻 Technical analysis (📈 Bullish) On a daily timeframe, Ethereum is in an uptrend. There are gaps in the Guppy (GMMA) indicator between short-term EMA’s and long-term ones, with a bounce back on March 5th. There’s no trend-reversal indicator appeared yet. Let’s examine the Fib retracement indicator to determine additional purchase levels. During a correction, the 0.236 (3483$) and 0.382 (3111$) levels are two levels to consider. Consider shorting if the price breaks to 0.236 (3483$) with TP above 0.382 (3111$). Then, bouncing back to 0.236 (3483$) is expected with the following breakthrough. 3000$ level is considered a major support level and a psychological level. 💭 Sentiment analysis (📈 Bullish) At this moment, the Fear and Greed Indicator is equal to 77/100 (Extreme Greed), and the Market Cap of the entire Crypto Market today (18th March) is $2.682 trillion. The Greed/Fear Index has decreased by 4 pips compared with the previous week which means the buyers are still greedy enough to maintain the current uptrend. 👥 Please share your thoughts or criticism about this idea in the comments below. Your opinion matters, and it'll be helpful for the community to understand a broader picture and shape a more objective vision of the asset's price ---- Disclaimer: The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your research before making any investment decisions
BINANCE:ETHUSDLong
by kostandy
4
HOW-TO use Guppy MA to tradeGuppy Multiple Moving Average (GMMA) is a widely used technical analysis tool that can help traders identify price trends, determine entry and exit points, and identify signals of price reversal. The inventor of GMMA is Daryl Guppy, an Australian trader and technical analyst who developed this technical analysis tool in the late 1980s and early 1990s. GMMA is based on multiple moving averages (MA), including short-term and long-term moving averages (EMA). The short-term MA group consists of 6 MAs, and the long-term MA group also consists of 6 MAs. These MAs are grouped by color to make them easy to identify. The basic principle of GMMA is that when prices are in an uptrend, the short-term MA group will be above the long-term MA group, and when prices are in a downtrend, the short-term MA group will be below the long-term MA group. The cross of the short-term MA group and the long-term MA group can help traders determine the direction and strength of the price trend. When the short-term MA group crosses and rises, traders can choose to enter the market, and when the short-term MA group crosses and falls, they can choose to exit the market. In addition, GMMA can also help traders identify signals of price reversal. When prices are in an uptrend, if the short-term MA group starts to cross down, this may be a signal of price reversal. Conversely, when prices are in a downtrend, if the short-term MA group starts to cross up, it may be a signal of price reversal. The advantages of GMMA are that it can help traders identify price trends and signals of price reversal, thereby determining entry and exit points. In addition, the way GMMA is plotted makes the difference between the short-term and long-term MA groups more obvious, making it easy to identify. However, GMMA also has some disadvantages. For example, it can only provide limited information and cannot predict future price trends. In addition, GMMA needs to be combined with other technical indicators and fundamental analysis for trading decisions. Overall, Guppy Multiple Moving Average (GMMA) is a powerful technical analysis tool that can help traders identify price trends, determine entry and exit points, and identify signals of price reversal. If traders can use GMMA correctly and combine it with other technical indicators and fundamental analysis, they can achieve better trading results.
by blackcat1402
3
Stock Market Logic Series #5We are going to discuss the concept of FAIR price and how it is related to momentum. This is also a missing piece of the puzzle related to the guppy moving averages. Which never explains the logic of fair price behind the moving averages. Just saying "traders are selling" or "investors are buying" without giving you the psychology behind the buying and selling. The psychology behind buying and selling: When you want something, you are willing to pay a premium on it, just to get it. When you don't want something, you are willing to give a discount on it, just to get rid of it. The Significance of Moving Averages in Stock Market Trading In stock market trading, moving averages play a significant role in determining the fair price of a stock. Fast moving averages represent the short-term fair price, while slow moving averages indicate the long-term fair price. These moving averages serve as important indicators for traders, helping them understand the price trends and make informed decisions. Trading Above the Fair Price: Strong Buyer Interest When trading is above the fair price, it signifies that buyers are highly interested in acquiring the stock, even if it means paying above the fair price. This increased buying pressure drives the price up, as individuals value the stock and are willing to pay a premium to secure it. This scenario presents an opportunity for traders to benefit from price appreciation. Go with momentum. Buying Opportunities: Trading Below the Moving Average Conversely, when the price of a stock falls below the moving average, it indicates a potential opportunity for investor buyers. In this situation, the previous owner of the stock may become anxious to sell and is willing to do so at a price below the fair value. This creates a favorable buying opportunity for investors, as the stock can be acquired at a discount or fair price. Trading Below the Fair Price: Anxious Sellers and Discounted Stocks Trading below the fair price implies that the old buyer is motivated to sell the stock quickly. They may be eager to get rid of their position, leading them to offer the stock at a price lower than its fair value. For trading purposes, this means momentum is down, and you should look for an opportunity to sell. If the price is dramatically traded below the fair price (away from MA) this could FLAG you that a trend reversal may just happens. Remember the psychology of buying and selling. Ask yourself, if someone wants it, how come this price is so cheap? Unfair Prices in a Downtrend: Waiting for Confirmation of a Decline Moreover, when you are in a downtrend, when the price is above the moving average, it indicates that the stock is trading at an unfair price. However, if you have insights or analysis suggesting that the price will decline in the future, it may be wise to wait for the short-term trend to shift. By observing the stock's movement and waiting for the price to fall below the yellow fair price (moving average), traders can confirm that selling is indeed happening before making their move. Getting in too early, with the wrong trading technique, will get you hurt. Assessing Market Conditions: Understanding Fair Prices and Moving Averages By understanding the dynamics of fair prices and their relationship with moving averages, traders can better assess market conditions. They can identify when prices deviate from their fair value and use this knowledge to their advantage. This insight allows traders to make informed decisions based on price trends, helping them maximize potential profits and minimize risks. Comprehensive Research: Beyond Fair Prices and Moving Averages If you could couple of other factors that support your view of FAIR price. You can consider various factors such as company fundamentals, industry trends, and market sentiment to complement your understanding of fair prices and moving averages. Enhancing Trading Strategies: Incorporating Technical Indicators In addition to fair prices and moving averages, traders should also consider other technical indicators and tools to enhance their trading strategies. These may include volume analysis, trend lines, support and resistance levels, and oscillators. By incorporating multiple indicators, you can gain deeper insights into market movements and improve your ability to identify profitable opportunities. Adapting to Market Dynamics: Continuous Learning in Stock Market Trading Understanding the concept of fair prices in relation to moving averages is just one piece of the puzzle. Successful traders continually adapt and refine their strategies based on market conditions, new information, and evolving trends. By staying informed, conducting a thorough analysis, and employing sound trading principles, you can increase your chances of success in the stock market. Hope this helps you, follow for more. Like this post to save it to your ideas for future reference, so you will not forget this principle.
SP:SPXEducation
by ZoharCho
1
How to Trade with the Guppy Multiple Moving AverageUnderstanding market trends is critical to trading success. The Guppy Multiple Moving Average is a powerful tool that can help traders gauge trends and identify potential reversals. In this article, we’ll explore the basics of the Guppy Multiple Moving Average, its various applications, and how to trade its signals. What Is the Guppy Multiple Moving Average? The Guppy Multiple Moving Average (GMMA) is an indicator designed to help traders identify and understand price trends. Developed by Australian trader and author Daryl Guppy, the GMMA is a combination of 12 exponential moving averages (EMAs) divided into two distinct groups: the short-term group and the long-term group. The short-term group consists of six EMAs over 3, 5, 8, 10, 12, and 15 periods, while the long-term group includes six EMAs with periods of 30, 35, 40, 45, 50, and 60. By analysing the interaction between these Guppy indicator averages, we can gain insight into the prevailing market sentiment and the strength of trends. How to Use the GMMA While the GMMA is a relatively simple indicator compared to other technical analysis tools, it has multiple uses: identifying trend strength, reversals, and ranging conditions. How to Identify Trend Strength What makes the indicator particularly useful is its ability to reveal changes in trend direction with greater clarity than traditional moving average setups. By using multiple moving averages (MAs), the GMMA helps filter out market noise and offers a more accurate representation of the overall trend. It’s also a versatile tool; traders can apply the Guppy indicator to forex, stocks, commodities, crypto*, and more. What Is the Super Guppy Indicator? The Super Guppy indicator is an advanced version of the GMMA, comprising seven short-term and 15 long-term averages. It was created by Chris Moody and is designed to provide enhanced trend identification and trading signals. How to Use the GMMA While the GMMA is a relatively simple indicator compared to other technical analysis tools, it has multiple uses: identifying trend strength, reversals, and ranging conditions. How to Identify Trend Strength To identify trend strength, we look at the relationship between the shorter- and longer-term averages. In a strong trend, the short-term group will be significantly separated from the long-term group. The wider the distance between the two groups, the stronger the trend. Conversely, if the Guppy indicator exponential MAs move close together, the trend may be losing steam or undergoing a reversal. How to Identify Trend Reversals The GMMA may help traders spot potential trend reversals by looking for crossovers between the short-term and long-term moving groups. A bullish trend reversal may be demonstrated when the short-term averages cross above the long-term. Similarly, a bearish trend reversal might be indicated when the short-term averages cross below the long-term. How to Identify a Lack of Trend A sideways market is often a challenging environment for traders. The GMMA allows us to spot these market conditions by observing the compression of the MAs. Compression occurs when the short-term and long-term groups converge and become tightly clustered together, indicating that the market is experiencing a period of consolidation. How to Trade with the Guppy MMA While the GMMA may help traders predict future price movements, it also offers some defined signals that we can use to find Guppy MMA entry points. Want to try your hand and identify these signals yourself? Head over to FXOpen’s free TickTrader platform to set up your own Guppy chart. Buy Signals In essence, traders can go long when the short-term averages cross above the long-term ones. However, to improve accuracy, it’s best to look for these trades when there’s a larger bullish trend or a prolonged bearish trend that is ripe for a reversal. When a strong bullish trend is present, we may also look for short-term averages to retrace to the longer term but avoid crossing them. This could indicate a slight pullback before the larger move continues. Sell Signals The indicator’s sell signals are effectively the opposite of its buy signals, primarily looking to go short when the short-term averages cross below the long-term ones. Likewise, accuracy might be boosted by looking for these signals in a strong downtrend or when the pair is overbought (which may be determined using other indicators, like the relative strength index). No Signal There will be instances when the GMMA doesn't provide a clear trading signal. This often occurs during periods of consolidation, when the groups fluctuate little and have no significant separation. In these scenarios, it’s crucial to be patient and avoid trading based on ambiguous signals. GMMA Compression Breakout Strategy While periods of consolidation may offer few decisive signals, we can use them to anticipate a breakout. To use this strategy, we first look for instances where the short-term and long-term averages are tightly clustered, showing very little separation. After a breakout from this compressed state with a widening of the MAs is observed (usually accompanied by strong price action and/or a break beyond a support/resistance level), we could enter on the close of the current candle. Stop losses may be placed above/below the long-term averages, depending on the direction of the trade, or beyond nearby swing points. The GMMA doesn’t offer clear take-profit placement. However, you could choose to close the trade at a significant support/resistance level when the price retraces to the long-term averages or when the two groups cross over. Summary In conclusion, the GMMA is a valuable tool for traders looking to capitalise on market trends, offering multiple indications and tradeable signals. If you want to put your knowledge to the test, you can open an FXOpen account to gain access to over 600 markets, low trading costs, and super-fast execution speeds. Happy trading! *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
MATIC : Looking for a 2X Profits Probability?!I dont have much to say about Polygon. It surely is and must be considered as one of the highly rated potential projects. Fundamental wise it surely did show its strength through out the bear market specially by having a well articulated mainstream media coverage while it collaborate with heavy names in different sectors around the world mostly from the developed nations. How about the Technical Aspect? Well, this question surely is dependent on the overall crypto market sentiment. Specially if it is going to be the starting of an alt season #MATIC will be one of the best performers in the market. But what if Bitcoin fails to achieve and continue its strength and go in search of a new lower low. Then it will be a good accumulation opportunity to grab more to our pockets. For now lets try to hear the chart's heart beat looking a little bit closer. In this post I will just raise three main reasons for saying #Matic is showing a bullish alert at least for the long term. 1/ PATTERN FORMATION : The formation of a major triangle consisting of minor neutral triangles is formed. And it just broke out by the past week and trying to continue the momentum in the North direction. Last week's candle also close above a major resistance area at around $0.93 breaking out from the traingle strongly passing the EMA levels. 2/ Guppy Moving Average: This indicator is showing that a bullish sentiment in the market is already here on the 1D chart and the shorter period EMA's are trying to pass past the longer period EMA's which will be considered bullish as far as they are moving below the current price. 3/ RSI: RSI line is looking in a bullish setup and is in a healthy movement in addition to the fact that it crosses the RSI based MA which is a bullish sign by itself. This analysis is mainly consider to view from a Mid to Long Term investment opportunity and more or less for hodling for some time. Accumulation Area : $0.9 - $1.1 Target Area : $2.9+ Mean while, I will give updates on the shorter term sentiments about #Matic. If you agree with this analysis drop a like and share it to someone whom you think will benefit from it. Otherwise please do consider to drop your comments if you have any disagreement on the idea and lets flow the knowledge and benefit mutually. Stay safe blessed. Stay Tuned too.
MLong
by cryptotalk_et
GBPJPY 21st JUNE 2022Markets are full of speculation that Japan may act to contain further yen losses, perhaps by buying the yen, raising interest rates or changing the BOJ's dovish guidance on the future path of monetary policy. Japan is in a very different situation compared to other countries that have begun to tighten monetary policy. In reality "weak yen" is not bad for Japan. So we can see the yen will continue to weaken for the next few quarters. especially with the major currency pairs USD, EUR and GBP. USDJPY MONTHLY
Long
by DNP-FX
2
GBPJPY 16th MAY 2022The battered European currencies are faring well, with safe havens like the Japanese Yen and US Dollar pulling back. While not anywhere near ground zero in financial markets in terms of impact , the net-result of improving risk appetite has proved beneficial for the British Pound. Some market participants believe the BoJ may change its ultra-loose policy to slow the yen's decline, which is being driven by rising interest rate differentials as the US Federal Reserve embarks on aggressive rate hikes. Among the factors behind the yen's weakness was the widening gap in economic conditions between Japan and Western countries.
Long
by DNP-FX
BTC State of Everything - HTF Technicals and EconometricsBTC's recent run and sudden drop has most traders uncertain of what might come. In this analysis I'll be evaluating 12 different indicators to see if we can get a feel for BTC's direction over the coming days/weeks. Note - I'll provide links at the bottom of this analysis to articles that describe some of the more exotic indicators. PAGE 1 - Headline Photo (Shown Above): Top left - Golden Ratio Multiplier (info in "resources" section below): The golden ratio multiplier has been one of the strongest indicators for spotting opportune buying/selling opportunities as well as key dynamic support and resistances. During the great 'rona selloff of 2020, we spiked down to the 2x 350SMA multiplier, the exact support that reversed the 2018/2019 selloff and launched us into the bullish paradigm that began early 2019 (and later ruined by the pandemic). We're currently resting on the 350 SMA, the SMA that is at the core of this indicator's functionality. Read alone, this would be a viable but very risky knife-catching move for any longs. I'm not particularly interested in a long here (more on that later). Top right - Guppy: I use the guppy as an additional feel for bias. Green - I am bullish, gray - neutral, red - bearish. We recently had a flip to gray from green, which taken by itself implies neutrality at this time. Note: if interested in exploring this script further, check my scripts. Bottom left - Log channel: BTC has spent almost its entire life between the white log channels. Taking this indicator alone, dipping below that white support and having it as resistance is either bearish, or represents a paradigm shift requiring a more nuanced channel. I don't take bets on paradigm shifts this young, so currently reading this as bearish. Bottom right - Ichimoku Cloud (1d) + significant EMAs + RSI: Earlier this week and late last week we had 7 daily candles where attempts to break outside of the cloud were met with failure. Yesterday's daily candle also solidified a strong bearish cross. Digesting all of it, we have a bearish cross (bearish) and price action within the cloud (neutral/sideways). On top of that, we're struggling to keep above the daily 99 EMA, which is not a great sign for bulls. Summing this up, the daily cloud is fairly bearish. More relevant on higher timeframes is the weekly cloud , whose Tenkan caught this dip and we are resting there now. Regarding RSI, we had a strong divergence that played out with a mild relief rally this past week. I consider that divergence played out and equalized, meaning RSI is neutral at this time. ____________________________________________________________________________ PAGE 2: ____________________________________________________________________________ Top left - S&P500 Correlation: Unfortunately, this indicator says more than most at this time. Ever since the pandemic kicked off economic uncertainty, BTC's correlation with the S&P500 has felt unshakeable. As long as SPX looks bearish, which it does, there's no reason to expect BTC to diverge. Bearish. Top right - Futures premiums: The last few bull runs have been futures-driven rallies where both the quarterly (blue) and weekly (yellow) contracts have been trading at a premium over spot. With the latest run, we've seen some consistent chop where weekly futures have been yo-yoing above and below spot prices, whereas quarterlies are trading consistently above. We're seeing the same here in more recent days. Good news for long term is that quarterly futures are above, however weekly contracts remain below. To me this represents firm indecision, which seems appropriate. technically speaking this reads as bullish for long term (think weeks to months), and bearish for near term (days to weeks). Net, slightly bearish. Bottom left - Puell Mulitple (info in "resources" section): In short, this metric looks at the supply side of Bitcoin's economy - Bitcoin miners and their revenue. Specifically, BTC issuance to miners. When issuance is low, investors during that period historically have outsized returns. At this time issuance is in a slightly low phase, but not outstandingly abnormal. There is a lot of room to run upwards, but still some room downwards as well. Taken for itself, the Puell multiple of 0.6 indicates that hodlers (multi-year), should be quite fine to accumulate here while staying weary that better buying opportunities may present itself. For scale, 0.5 Puell and below is a near instant-buy for me. Net, neutral mid-term. Bottom right - Simple Haikin Ashi: Not much to say with the Heikins. We had a very strong break of the doji printed 2 days ago. If today's candle closes with a similar or longer body, it will set the tone for further bearish continuation for proceeding days. ____________________________________________________________________________ PAGE 3: ____________________________________________________________________________ Note: With exception to Stock to Flow, this page mostly consists of long term indicators used to spot extremes where buying/selling is most profitable. Top left - 2y MA Multiplier: We are about 20% of the distance above the 2y MA support. The current price did just proceed a dip below, which historically has sprung a long term (multi-year) bull run. Long term, bullish. Near term, neutral/irrelevant. Top right - Stock to Flow: This crowd favorite needs no introduction, but info is in the "resources" section if needed. We're currently in the early stage of the orange phase of stock to flow, which has historically been a bullish period with lots of chop along a slow grind up. Yep, that feels about right doesn't it? The read here is that anything can happen on daily or even weekly timeframes. However in years to come we'll have a laugh on our yachts about the olden days quibbling $9k vs $11k like it actually mattered. Long term, bullish. Near/mid term neutral. Bottom left - Pi Cycle (info in "resources" section): Fantastic for sniping tops, we can also glean some info about buy timing. Historically speaking, the Pi Cycle is bullish above the 111 DMA (pink), euphoric above the 2x350 DMA (green), and primed to sell when the 111 DMA crosses above the 2x350 DMA. Additionally, when bullish, buying dips to the 111 DMA support has proved profitable. We are there now - tentatively bullish. Bottom right - BTC Network Momentum (info in "resources" section): Our momentum is quite low. In fact, it hasn't been this low since 2015. That said, BTCNM does have clear supports, and we are teetering on one of the supports now. Neutral for now, but a break of that support would be a clear bearish sign. ____________________________________________________________________________ SUMMARY: ____________________________________________________________________________ Golden ratio multiplier: neutral (with a potential very risky entry for bulls). Guppy: neutral. Log channel: somewhat bearish. Daily cloud: somewhat bearish. Weekly cloud: bullish, testing Tenkan support. S&P500 Correlation: bearish. Futures premiums: long term bullish, mid term bearish. Puell multiple: long term bullish, mid term neutral. Heikin Ashi: somewhat bearish (a long bodied close would confirm and make bearish). 2y MA Multiplier: long term bullish, short/mid term neutral. Stock to flow: long term bullish, short/mid term neutral. Pi Cycle: bullish, testing support. BTC network momentum: neutral, testing support. ____________________________________________________________________________ CONCLUSION: ____________________________________________________________________________ In the near to midterm future, I am neutral to slightly bearish. Long term, bullish. Reading all the indicators together, they are generally printing a hodgepodge of results from slightly bearish to slightly bullish signs with very few extremes. In a truly bearish or bullish market we'd be seeing far more alignment of either bias across the board. However, and above all, our correlation to the S&P500 is a very strong indication of BTC's tie to the global economy and sets a dark bearish cloud over all investments, with particularly high impact on risky assets like crypto. There are some key supports at play this week that could easily decide my bias with more conviction, and I'll be watching them closely: the weekly Tenkan support, futures premiums, BTC network momentum support, and Pi Cycle support. We're at all of these supports now. A strong bounce, I'd flip bullish. A breakdown, and we're purely bearish. I tend to favor the latter. I hope you guys enjoyed this meta analysis of BTC! I have years of experience trading crypto, but this is my first publication on TradingView. If you appreciated this post and would like to see more, a like or a follow would be greatly appreciated. Thanks, and happy trading! ____________________________________________________________________________ RESOURCES: ____________________________________________________________________________ Super Guppy TradingView Strategy: unable to link, but check my scripts for source. Includes backtesting, multiples settings, and different risk profiles. Golden Ratio Multiplier: medium.com Puell Multiple: medium.com Stock to Flow: medium.com Pi Cycle: There's a good section on this near the bottom of the Golden Ratio Multiplier article. BTC Network Momentum: blog.goodaudience.com
BITSTAMP:BTCUSDShort
by StanleyBostich
7
GBPJPY . Bears Bulls both want Ace OANDA:GBPJPY Bears and Bulls both want Ace. 1K or more pips. The hunger, the greed, the odds, the charts, the uncertainty, the sharks in the water. They'll risk it. Little known fact, bears and bulls are good swimmers and sharks can't walk. Pound Yen. Guppy? Is this guppy? Pound Yen. Looks bullish to me cause life sounds like hell in Britain right now but hey gotta do what ya gotta do for the flu thing, don't hate me, that's why they're doing it. Right? Check the new. Brexit hell, but they're making deals right? Bojo just doesn't care. I trust that. Don't trust me. Why am I bullish on the Yen?!! Is it cause banks like LYG are at all time lows? How low can British banks go? Is that the only stinker? I should do some research. I'm bullish but I'll short. Sure i'll i do it. Why not? Either way, whoever is right on this, is gonna make an ace of pips. I hope it's you! And me. We'll see.... tbc...
by allthemoneys
1
Elliott Wave View: GBPJPY Zigzag Correction in ProgressElliott Wave View of GBPJPY shows that pair has ended the cycle from June 21 in wave A at 142.70 high. Pair is currently doing a pullback in wave B, which is unfolding as a zigzag correction. Down from wave A high, wave ((a)) ended at 140.09 low. The subdivision of wave ((a)) unfolded as 5 waves diagonal Elliott Wave Structure. Wave (i) ended at 140.98 low and wave (ii) bounce ended at 141.87 high. Pair then extended lower in wave (iii) towards 140.45 low. Wave (iv) bounce ended at 141.43 high. Finally, wave (v) resumed lower and ended at 140.09 low. This final move completed wave ((a)) in higher degree. Afterwards, pair bounced higher within wave ((b)), which ended at 141.18 high. From there, pair continued to resume lower and broke below previous wave ((a)) low. This confirms that the next leg lower in ((c)) in already in progress. The 100 – 123.6% extension of wave ((a))-((b)) where wave ((c)) can potentially end is at 137.93-138.55 area. This area is shown with a blue box. If reached, that area should see a reaction for 3 waves bounce at least later.
by Elliottwave-Forecast
Elliott Wave View: Bullish Sequence in GBPJPYElliott Wave View of GBPJPY shows that pair has a bullish sequence from March 18 low. The 45 minutes chart suggests the pair ended the cycle from August 13 high as wave B at 138.58 low. The pullback in wave B unfolded as double three correction and ended at the blue box area. The pair then rallied higher from blue box and broke above previous August 13 high. This confirms that the next leg higher in wave C has already started. Up from wave B low, wave ((i)) ended at 141.61 high. The subdivision of wave ((i)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) ended at 138.93 high and wave (ii) dip ended at 138.26 low. Pair then extended higher in wave (iii) towards 140.30 high. Wave (iv) pullback then ended at 139.67 low. Finally, wave (v) higher ended at 141.61 high. This final move completed wave ((i)) in higher degree. Afterwards, pair corrected within wave ((ii)), which ended at 139.99 low. From there, pair resumed the rally and extended higher. Wave (i) of ((iii)) ended at 142.71 high. The pullback in wave (ii) unfolded as zigzag correction and ended at 140.98 low. As long as the low at 139.99 low and more importantly wave B low at 138.58 stays intact, expect dips in 3,7, or 11 swings to continue to find support for more upside. The equal leg from March 18 low against June 21 low where the rally can target is at 147.40 level. However, if pair breaks below 138.58 low, then the alternate is that wave A ended at September 1 peak (142.71) and pair is doing a pullback in wave B to correct the cycle from June 22 low.
by Elliottwave-Forecast
LLNW- Long IdeaWatching for a classic bounce play along a moving average. Waiting for price to stabilize and narrow and then ricochet off the MA. This stock is recovering from a rapid rally and needs time to stabilize. The blue line is a moving average (50) and the black line is the expectation of the price movement. Notice the 200 MA has a nice slope upwards and the overall trend is up. Can watch for the following to take an entry: narrowing price/ATR and collision with the MA moving upwards Guppy MA to turn up MACD to turn green again big white candle with volume Notice how it tagged the 200 ma twice before, will the third time be the charm? if so a buying opportunity for size-able gains.
LLong
by KAS109
2