Price has completed wave 3 of impulse movement at 1.618 level of Fib extension. Now price sitting on a very strong monthly support which has bounced from it multiple times. Also RSI is oversold too. It's time to make wave 4 to the 0.382 percent of wave 3 at 1.9xx which is a very strong resistance level. Wave 5 can be completed in 2 ways, first as a truncate fifth...
We will see if we hold this level and maintain the upward momentum or if this will just be the last leg of a b wave on a much more extended correction. Either way I think cryptocurrency will explode over the next year or two, whether or not bitcoin remains the front-runner will be seen. I doubt it.
Análise para efeito de estudos do índice Dow Jones (US30)
lets see how this goes :)
Still trying to determine where this bull run will end, check out the chart here is one possibility.
Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
Update : Closed last week at 23631 Looks like price made Bounce Buy target intact 24481-25582 Level Disclaimer!!! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
9 minutes ago Expert the Risk Tone to be the major currency driver. The Key is for fundamental analysis to in line with the technical. * If there is any progress regarding the Contamination of the corona Virus. * If there's any progression with the economic opening as well and deescalation with the USA/CHINA war to move the trade. Thank You in Advance.
Usd is weakening and will soon crash with in a few months markets must prepare for this and will be pricing this in shortly, to add to this the technical's here are as shown simple elliot impulse wave as well as a bearish continuation flag with the wicks touching the 61.8 fib.
USDCAD currently is in consolidation phase with Falling Wedge Pattern potentially already formed. Breakout on resistance trend line (orange line) might be the signal for long opportunity with the pair.
After the complex corrective wave on usdcad, the pair is ready to breakout of this consolidatio and resume an impulse BUY, The wave 1 and wave 2 of this bulish motive wave has formed, we are anticipating the buy of wave 3( usually the longest). kindly like ans follow Thank you
Eurgbp has finally resumed the long awaited up trend, let us continue riding the trend If you find this useful, kindly like and follow. Thank you .
Price is in a 5 wave uptrend. Wave 4 typically has an abcde correction which we are seeing now. Will look for buys at 1680 region
Pessimistic Scenarios (Red colour) If bears break a low made in 2018, that will mean the road is open to as low as 1000 USD and they have control over bitcoin. Scenario in blue colour, we should finish 5th wave and I am expecting that we should get below 3800 USD one more time. I think bulls are setting up a trap and they wouldn't let the market get below 3200 USD...
AS WE CAN SEE USDCHF BEEN BOUNCE FROM THE RESISTENCE LEVEL AND IT CAN GO BEARISH TO SUPPORT LEVEL IF ANYONE LIKE MY ANALYSIS .. FOLLOW MY ID AND GIVE LIKE ...HAPPY TRADING
This feels like it is very flawed. Tips appreciated