MATIC Wait For Bullish Price Action To Buy
Hi traders:
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish price action.
Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted.
Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need,
to look for a longer term buy setup to the next highs.
Thank you
Impulse
ETH Bottom of structure, wait for reversal for big buys
Hi everyone:
Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run.
After the initial bullish impulse up move, price naturally falls into a consolidation/correction.
With a few swing highs and lows, price has created a larger, higher time frame correction, looking possible for bullish continuations.
We can see the latest development, price made one more bearish impulse down, hitting previous swing lows, good signs of possible double bottoms.
To confirm the big up move potential, wait for lower time frame bullish reversal price action to develop and complete, in order to look for entries for up move.
If price simply break below and impulse down, then no entry no trade.
Thank you
Polkadot Higher Time Frame Bullish Outlook
Hello traders:
Also on watch for the week ahead is DOT.
Majority of the bigger cap coins are developing similar across the market.
Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move.
The latest development has shown price hit the previous lows, potential double bottoms.
Last few couple days have shown bearish price has slow down, and momentum could be exhausted.
To confirm the upside for entry, wait for some lower time frame bullish reversal price action at the bottom of the higher time frame structure. This could kick off the next bull run if it is confirmed.
BTC Continuation Upside, Don't Miss The Chance
Hello everyone:
Here on Bitcoin, from my previous outlook and forecast, price indeed made that bearish move down to the lows which was expected.
Price pushed to the bottom of the previous lows, since it needs to develop a bigger continuation correctional structure for the higher time frame next impulsive move.
We can see now price has indeed hit the lows, and the bearish momentum has slowed down on the lower time frame, and possible double bottom could be forming.
To confirm the upside, we need to wait and see the lower time frame development.
Can we see some strong bullish reversal price action on the lower time frames, that can give us the confirmation we need to look for long term buy and hold.
Will be updating next few days/weeks on how price develop.
IF price doesn't form and bullish reversal corrections, and continue to drop lower, then of course no entry, no trade.
NZDCHF Bullish Outlook, Watch For Buys
Hi traders:
Also keeping an eye on NZDCHF bullish price action development.
We can see from the higher time frame,
price has a strong bullish impulse phase up, and falls into a larger, continuation flag structure.
Within the larger structure, there are many corrections that moves up and down to form into this current large structure that the price is in.
Latest development shows a strong lower time frame impulse up, and possible forming into a smaller continuation correction.
Wait for price to impulse out of the smaller correction, follow by continuation correction as the confirmation for entry,
NZDCAD Descending Structure, Bullish Reversal
Hello everyone:
Similar like NZDUSD, we can see here on NZDCAD has very similar bullish reversal price action on the higher time frame.
Price is currently in the large, descending structure, correcting the price down.
With multiple swing highs and lows, we can tell this is the correctional phase of the market condition.
Latest development give us a lower time frame descending channel, at the bottom of structure, good signs for possible bullish reversals.
Wait for more lower time frame development, if price can form bullish price action, and continuation corrections, then it can confirm the next move to the previous highs.
Thank you
AUDCHF Continuation Price Action, Wait For Buys
Hi everyone:
AUDCHF has good bullish price action that can lead to another buying opportunity.
WE can see from the initial impulse phase that leads into a continuation correction.
From the continuation correction there is a confirmed impulse up, out of the correction. Good signs of more bullish momentum.
Now that we can see price has also formed a lower time frame correction and looking like a continuation flag to push the price up more.
Good to wait for price to impulse out and look for lower time frame confirmation to buy to the next highs and higher.
Thank you
NZDUSD Can It Start To Reverse ?
Hello traders:
Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action.
From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off,
and price begin to form into the flag/descending channel structure.
On the lower time frame we are seeing the correction continue to develop, multiple swing highs and lows to correct the price within.
Latest development showed a nice fallen wedge reversal at bottom of HTF structure, and a bullish impulse break up.
Good idea to wait for bullish continuation correction to form and complete, to give a possible entry to the next highs.
Thank you
AUDUSD Bottom Of Structure, Watch For Buy Opportunity
Hello everyone:
AUDUSD has started to form some bullish price action on the lower time frame,
and we could potentially see some upside move very soon.
Start from the higher time frame, after the COVID sell off, we see a strong bullish impulse up move form the price.
Naturally price will need to correct to continue, so we see a larger, flag/descending structure in the making.
On the lower time frame, we can see a bit more bullish price action. A nice double bottoms,
fallen wedge reversal are all good development for bullish reversal.
Latest price did have a impulse phase up, breaking above the wedge.
Be on the look out for more continuation price action, to confirm the buy opportunity to the next highs.
thank you
Impulse, Accumulation, impulse signalsH4TF shows that last week has done accumulation. This week should be impulse. With the help of StdDev channel + Fibonacci, impulse can be predicted. On red lines sell; on blues, buy. Simple prediction. God bless.
StdDev + Fibonacci = simple predictionOn H4TF, this simple prediction method shows where market is going to bounce. Following accumulation and impulse pattern, chart will go long. On red lines, sell; on blues, buy. If chart reachs 1883 by Wednesday, it can overpass it. God bless.
EURUSD - 1.0800-1.08500Looking to the upside on the bullish impulse. Upside targets of 1.0800 - 1.08500 then potentially 1.0900.
AUDJPY More Downside Possible, Watch For sell
Hello traders:
AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength.
From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down.
On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs of the bearish momentum to continue.
Price just made another ascending channel as a continuation for more downside, watch for lower time frame bearish corrections to get in the sell down.
Thank you
EURJPY Same Bearish Reversal, Watch Cor More Downside
Hi traders:
EURJPY has also developed nice bearish price action from higher and lower time frames.
Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.
Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.
Latest development has formed correction on the lower time frame, good signs of further bearish price action.
Look for continuation, bearish impulse to break out for confirmation to the next lows.
Thank you
GBPJPY More Downside, Watch For Continuations
Hello traders:
GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside.
From the HTF we can see the overall price has hit a top of a higher time frame structure, and signs of bearish reversal move down.
On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction.
Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows.
Thank you
NZDJPY Follow the JPY Strength for More downside
Hi traders:
Also on watch is NZDJPY which has been pushing down aggressively from the top.
From the higher time frame we can see clean double tops, expanding structure, and price indeed reverse down from the top of structure.
Here on the lower time frame, price formed that double tops, ascending channel, and strong bearish impulse down.
With a few impulses and corrections, price is able to continue down more.
Latest development shows an ascending channel/rising wedge correction, good signs of more bearish price action.
Look for lower time frame continuation to push the price down more.
Thank you
SILVER Higher Time Frame Bullish Outlook
Hello everyone:
Closely watching SILVER for the higher time frame long term bullish upside.
We can see from the yearly perspective, price continue to correct after the strong bullish impulse phase after COVID crashed.
We can see a large, correctional structure has developed, with multiple swing highs and lows.
on the lower time frame, we also see a triple bottoms, price has hit the lows of the HTF structure. There is descending channel and possible bullish reversal price action in the making.
To confirm the bigger picture, we should expect to consolidate on the LTFs, and form continuation correction to confirm the upside move.
Thank you
Elliott Wave Intraday Analysis: USDCHF Is Slowing DownHello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective.
USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar, we can see USD is the weakest against CHF currency. So, USDCHF pair can be now trading in an Elliott wave (A)-(B)-(C) corrective decline.
In Elliott waves, we always have to expect corrections to be made by three waves A-B-C, especially if we get a five-wave impulse in the first leg A.
With current sharp and impulsive decline, USDCHF can be now finishing an Elliott wave five-wave cycle within first leg (A). So, bounce and Elliott wave three-wave A-B-C corrective recovery in wave (B) can be around the corner before we will see another decline for wave (C). Resistance can be anywhere between 0.98 – 0.99 area.
Happy trading!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
WLUNA attempting to rallyA small sliver of hope, WLUNA is responding very nicely to fibs and has formed a clean impulse wave to the upside from it's low of 0.000065 based on the projection of miniscule 1&2 I'm assuming a 2.618 extension for miniscule 3, and a retracement to 61.8 in miniscule 4 with an estimated target of around 0.00385.
Weekly Trade Recap: EURJPY, SILVER 05-22-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
EURJPY: Out for BE
Full analysis/forecast:
SILVER: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
NZDJPY Same Potential Bearish Price Action, Watch for Sell
Hi traders:
Also eyeing is NZDJPY for the possible bearish sell opportunities.
We can see from the higher time frame that the price has reach a potential high, possible double tops.
Price created this expanding structure and from the top of the structure, we can see there's a bit more lower time frame development.
No further bullish price action, instead, a reversal development, and price does look bearish on the lower time frame.
Watch for sell confirmation, if price can impulse down further, and form bearish continuation corrections, then it can push the price down more.
Thank you
SPX - Second BULLISH PLAN for the SP500Hello traders,
Today we are analysing the S&P500 where you can see everything on the chart.
**Like my previous analysis on S&P500, we are BULLISH, but for a different plan (the other one is a WXYXZ)**
After just finishing the ABC pattern , we might be entering the 5 purple of the V orange.
Therefore we have arround 4 objectives:
1- 4526
2- 4920
3- 5046 (strongest)
4- 5560
Tomorrow we will have the retail earnings, and it look very bullish for Walmart, Home Depot and Target, so it will be one of the factors why we will have big green candles this week!
Have fun and don't hesitate to look the other idea on S&P500 linked below
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And comment if you have any suggestion !
SOYBEAN Can Push Higher, Watch for bullish development
Hello traders:
Also have SOYBEAN on watch from the commodity market.
We can see from the HTF:
Price is potentially forming a continuation correction after the previous bullish impulse phase up.
On the lower time frame, we can see the bullish continuation correction a bit more clear. With a few swing highs and lows, price made a descending channel and correct the price down to the last swing lows.
Latest development shown a lower time frame impulse up from the descending channel, and formed more continuation correction.
Expect the price to continue higher, and possible breakout of the larger correction, and more continuations to form to impulse up on the higher time frame.
Thank you
