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Dollar Index is completing the last corrective wave In the weekly chart, with 5 ascending waves the price has been able to reach the range of 103.82, and the corrective phase has started from this stage, as the A wave – was the first corrective wave - in the form of 5 waves, consequently the C wave should also be in the format of 5 waves and in comparison to “A “wave, can be extended its movement up to 100% or 1.618% of Fibonacci ratio. According to Fibonacci, the range is 87.38 to 77.81. In the daily chart, by starting the C wave from the range of 102.99, 4 waves have been formed so far, and 5th wave is under completion, the price is in sub-waves of the iii wave. The 92.47 range is a very important range for us, and if the price enters this range, probably we will encounter an Expanded Flat pattern in the 4th wave from the C point.
TVC:DXY
by NirmataFX
1
░░░░▒▒▒▓▓ CBOE Crude Oil Volatility Index ▓▓▒▒▒░░░░Hello. My name is François Normandeau. This is an ADX-BRIEFING video focused on CBOE:OVX The CBOE Crude Oil Volatility Index (CBOE:OVX) can be used in order to identify important trading opportunities. Here, OVX is on the right side of this post. The indicators we see under the price window of OVX mention when the US Oil market TVC:USOIL enters a period of statistically significant volatility . We can then time it with the indicators on West Texas Intermediate in order to determine entries and exits for actual trades. More info can be found in the TradingView IDEA related to this post. Wishing you a great weekend. François Normandeau Institutional Research Director at ADX-BRIEFING
CBOE:OVX
by Pine_Academy
Buy trade on UK Oil : confirmation received long ago.Hello. My name is François Normandeau. Here is the latest long-term analysis for UK Oil. We received a confirmation of a buy trade, long ago. At some point the market will turn around, but not yet, not on H1 anyway. Summary of the UK Oil market relative to the US Oil market. Illustrating the correlation with the US Dollar Index (DXY) where we are using the inverted value of DXY (1/DXY). As of now, on H1, no signs of a significant bearish turnaround. Wishing you a great weekend, François Normandeau Institutional Research Director at ADX-BRIEFING
TVC:UKOIL
by Pine_Academy
Ripple – The intended Target $ 6 to $ 10To analyze this coin in the 10-days chart, I put the chart in a logarithmic mode. In this chart, it is quite clear that the price has reached the range of $ 3.317 with 5 ascending waves, of which the first 5 ascending waves are over. ( 10 Days Chart ) Given this and by monitoring the existed complex corrective movement, we can predict another 5-uptrend in the 3 / C wave, which according to Fibonacci ratio the targets can be extended to the range of 3.36 to 6.61. In the daily chart, with the end of 2 / B in the range of 0.1140, the upward trend has started, the first wave of which has ended in the range of 0.2361, the price is currently in the iv wave from point 3. Which is specified in the chart. Finally, the 240-minute chart By the end of wave iii from point 3, we had two corrective waves with a structure of 3 waves (iv wave). Personally, I believe the price still is possibly in the corrective phase and is completing the Triangle pattern. This scenario will be violated if the price can cross the range of 0.6813 and then in continuation break the range of 0.7900, in this case we can be hopeful of the price increase up to the range of $ 1.20. (240 Minute Chart ) Overall conclusion: Saving the Ripple for Long-term is highly recommended, and I personally try to keep this coin in my investment portfolio for future. I think the price target for a one-year period will be $ 8 to $ 10.
BITSTAMP:XRPUSD
by NirmataFX
2
Walt Disney - Ending Diagonal PatternIn the 240-minute chart, we have 5 descending waves, which have ended in the range of 79.09, in continuation, the correction of this downtrend is in the form of Double Zigzag, which has reached the range of $ 153.91. The Diagonal pattern has been formed in this range, of which the targets can be 128.60 and then $ 117.25. In case the visualization of this analysis become true, the main pattern will be Expanded Flat and we can consider the expansion of the bearish trend up to the range of $ 79.09.
NYSE:DISShort
by NirmataFX
1
EURJPY - The completion of the first uptrend from point iiiIn continuation of the analysis for this currency, and in the chart of 240 -minutes, the price has been able to reach the range of 126.65 with 5 ascending waves. Also, it has entered the corrective phase of this uptrend. Since the price is located in wave iii and from its sub-waves located in 2nd wave, we may probably encounter a short corrective movement and then the uptrend in 3rd wave. The intended range to complete this correction is 125.75 to 125.20, if it crosses the range, it can be extended up to the range of 124.30. As it can be seen in the picture, the range of 122.84 is a very important range, by crossing this range, we should think of the uptrend doubtfully.
Long
by NirmataFX
M30 US Oil market analysis: after a clean UP move, now what?Hello. My name is François Normandeau. This is an ADX-BRIEFING US Oil market analysis. On M30 (30-minute charts), the modified MACD and modified ADX both gave a confirmation of the most recent UP move. We then saw a sizeable consolidation. Even though we are trading the US Oil market using short-term charts (M1 and S30), our market expectation is still "downward". On the right side, the momentum indicator (bottom panel) is currently in the sell zone. We will be monitoring US Oil and Brent closely, waiting for any trading opportunity. Wishing you a great week. François Normandeau Institutional Research Director ADX-BRIEFING
TVC:USOIL
by Pine_Academy
1
EURUSD – the end of the downtrend and advent of the uptrendEURUSD – the end of the downtrend and advent of the uptrend with the initial target of 1.2459 In the daily chart, the first uptrend is completed in the range of 1.2555 and the second wave is completed as a Complex pattern in the range of 1.06359. The price is currently making the first wave from point 3, which could continue to the target of 1.2495. (Daily Chart ) 240-minute chart shows the structure of the wave from point 3 in the ascending trend.
Long
by NirmataFX
5
US Oil Analysis on M30 & M15: after consolidation, move expectedHello everyone. My name is François Normandeau. This is a US Oil market analysis for ADX-BRIEFING. Here is a longer-term snapshot, in order to better understand the wider context. Now, zooming in to a smaller time-frame... On both sides of this screen (seen in this TradingView Idea): US Oil . M30 on the left (30-min chart) and M15 on the right. On the left side, two main indicators: modified MACD and modified ADX . The key feature of this ADX is that it tells us when the market is consolidating and when the market is ready for a substantial move. If the ADX signal line is descending and under its moving average, we have an ongoing consolidation. On the other hand, if the ADX signal line is near the bottom, then crossing its moving average, going upwards, we now have a confirmed end of consolidation and a move. Once we see a confirmation for the end of a consolidation, we then look at the MACD indicator above it in order to time the entry and exit. Here, even though the MACD indicator gave 3 signals for a confirmed trade, when using M30, the ADX only confirmed 2 out of 3 (the 2 green rectangles are the confirmed moves). As of now, ADX is near the bottom of the indicator window and could soon cross over, thereby confirming a new move on M30. At the same time, MACD is not confirmed a sell trade or a buy trade. If we now look on the right side of the screen, we see that the 2 momentum indicators we are using, have confirmed, on M15, a bearish trend . The bottom indicator is in the sell zone (lower than the red horizontal line) and the indicator above it has gone downwards, traversing the black neutral "00" line, entering negative territory. At ADX-BRIEFING, we are expecting a substantial down move either on Wednesday, December 2 or on Thursday, December 3, 2020. We will keep an eye on US Oil , as this has been our main market for the last 20 years. Wishing you a great week, ― François Normandeau Founder of ADX-BRIEFING & Institutional Research Director
TVC:USOIL
by Pine_Academy
GBPUSD - Scenario change and the uptrend formation ( Weekly Chart ) At the end of November, we returned to the weekly chart to see the general trend. By drawing the trend line, it became clear that the downtrend line has been broken, in this case, we should not think about the downtrend at all! Also, the structure of the ending-trend waves is in a 3 -wave format, which represents the Diagonal pattern, and due to this pattern and very strong convergence, the scenario change would be obvious. Then let's just think about going long in every decline. The confirmation of this uptrend will be got by crossing the price from the end of 4th wave - 1.4377 - (with 5 uptrends). The formed pattern in wave X is in an Expanded Flat shape, so the diagonal pattern in wave C can be correct. In the daily chart: ( Daily Chart - Bullish scenario ) The structure of the V wave from the Ending Diagonal pattern in the form of Double zigzag, which is completed in the range of 1.1414. In continuation, the uptrend is forming the first 5 ascending waves that can cross from the end of the X wave and move up to the range of 1.3948. Needless to say, this part is quite mixed and the reason is that we can count the movement from 1.1959 to 1.3483 as a Double zigzag pattern, in which the 5th wave from the Diagonal pattern is not ended. ( Daily Chat - Bearish scenario ) In the 240-minute chart, there is no doubt about the structure of the uptrend from 1.1414, and the price will be probably forming another uptrend to complete the 5th wave. (According to the formed triangle pattern). By breaking the weekly trend line, the formation of a bearish scenario is unlikely.
Long
by NirmataFX
ETH - Initial Targets are $ 666, $ 718, $ 784Note these targets has concluded by using the Fibonacci Expansion. With the end of the 4th major wave in the range of $ 80.96, the upward trend has started in the 5th wave, which is also the reason is the price increase to the 363.29 range with 5 ascending waves. In Wave 2, we faced a very deep corrective movement, which is a very important point. With the end of Wave 2 in the range of $ 89.80, a strong uptrend began in Wave 3, which is still is going ahead. Based on the wave count, the price is in the 5th wave from point 3. ( Daily Chart ) On the 240-minute chart and by examining the details of the sub-waves, there is a scenario that the 4th wave from the 3rd point is over in the range of $ 313.42. The first wave in 5 wave : is Leading Diagonal pattern The second wave in 5 wave : is short Double Zigzag pattern The third wave and the ambiguity point: I was able to count this wave in two ways: In the first wave count, which is displayed in green color, the iii wave is over and we have had a deep correction in iv wave, and then we have to wait for the price increase for the specified targets. In the second-wave count, which is displayed in gray color: “iii “ Wave is not over and the price is still in iii wave where the uptrend targets can only be specified for the “iii “ wave. In both scenarios are bullish, and in the most optimistic case, it could be as high as $ 1,000 to $ 1,200 before the Ethereum price enter the corrective phase. At the beginning of this post, I emphasized the depth of the corrective movement in 2 Wave (a wave counted and depicted in blue). According to Elliott wave's rules, if we have a deep correction in 2nd wave, the price encounters a short correction in the wave of 4, also the two patterns should not be the same. So, there is the possibility of forming a triangle pattern in the wave of 4. Which is a short pattern. Overall, the trend is certainly bullish, in this currency by monitoring the weekly logarithmic charts, the price will hit the level of $ 4,000 targets. As someone who has a great future for digital currencies, these prices are too low (this is just my opinion and it might be very different from yours)
KRAKEN:ETHUSDLong
by NirmataFX
GBPUSD – probability of completing CorrectiveGBPUSD – There is the sign of probability of completing the corrective uptrend The range 1.3482 is a very important range for us, which by crossing the price from this range, we will encounter changing the trend. Currently, according to Fibonacci percentages, there is a scenario that wave 2 has ended in the range of 1.3398. The first confirmation for the advent of a downtrend is crossing the price from the range of 1.3105. by the resumption of this movement if the price crosses the range of 1.2853 and with 5 downtrend waves, the downtrend in wave 5 can be confirmed. please see the previous analysis by following this link.
Short
by NirmataFX
BTC - $ 21,500 moving targetsIn my opinion, in a not too distant future, Bitcoin will reach the price range of $ 167,000 to $ 225,000, and this guestimate is not out of reach when the valued banks are also talking about the $ 300,000 movement range. Due to this, new customers will be attracted to the market, which eventually increases the liquidity and demand for purchases, due to limited bitcoin, the price will increase. The third price wave, which continued into the $ 19666 range, was like the gold diggers in old days, the only people who profited from the era, were those who sold the shovels, pickaxes, and drilling rigs to extract gold (a metaphor for people who were and are selling mining equipment.) But now the reward of beliefs comes through patience. Now is the time for people who believe in cryptocurrencies to get their rewards. I remember two or three years ago a subject was opened in a forum (when Bitcoin was $ 6,000) and someone claimed to be back from the future and the economy will be collapsed. He was telling bitcoin won’t have any value! people who have only 0.01 of this currency flee to places where life is too quiet. Many people made fun of this person, but now when I’m looking at this market, I give him some rights. For example, there are big contracts that Ripple has signed, and Ripple Net intends to be used in BOA - Bank of America and it has been finalized! All this indicates that it is possible that we can no longer call the Blockchain an infant, and from now on we must consider a child who shows new capabilities. Maybe this are future forecasts and one day will come true: I think we are coming to a time when all the borders of countries are disappearing and the holders of the famous digital currencies are creating new countries. Like different communities, they use ASICs to protect their castles. It's a scary story and I hope we never see it. But give only one percent chance to this scenario to turn the reality. Where do you want to be stand? It might not be a bad idea to take a risk to enter an unknown market of cryptos. Chart Description: In weekly chart, our target range is $ 167,000 to $ 225,000. In the daily chart, we are completing the 3rd wave that this uptrend can continue to the target of $ 21,500 and then in continuation, we will enter the corrective phase, which is likely to be a very short corrective movement. The range of $ 13,880 is very important and the price should not exceed this range in this corrective movement. According to the Elliott wave rules, wave 3 should be the longest wave, but we should also consider this fact which in many stock markets, metals, and digital currencies, wave 5 has always been the longest wave, so we can hope 5th wave becomes the Extended wave, in which we will reach the goal of $ 167,000.
BITSTAMP:BTCUSDLong
by NirmataFX
USDCAD - Probable Expanded Flat Pattern formation in Wave IVThe structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price crosses the range of 1.3172, we can expect an uptrend forming hopefully.
Long
by NirmataFX
1