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Oceanai

AUDUSD - 3 DRIVE INTO FIB LEVEL!!In the AUDUSD this morning we are in the later stages of a 3 Drive pattern into a 61.8% Fib level. There hasnt been a decent retracement to sell but now im thinking this could be the start of the first retracement to take us back up to the 0.75 area and if there is a nice ABCD pattern back up then that will be the chance to flip from long to short. Monday morning thoughts. Let me know what you think or do you see something else. Enjoy the day.. 👍👍
Long
by L_F
2
CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT In this post I take a look at some of the patterns I trade and how often they show up. This is a30min chart over the last couple of weeks of ALGORAND. Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it. Next we have the 135 pattern which occurs when leaving a high or a low. After that we have the AB=CD Pattern. Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels. This is just a look at the patterns I use and how often they occur. I hope this helps. Enjoy the day. 👍👍
Education
by L_F
S&P500 - NEARING CORRECTIVE RALLY ENDThe FOREXCOM:SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch. Option 1- Temp Bullish. This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely. Option 2 - Corrective move finished. This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern. Either way we are nearing a top or its already in. I hope this helps. Let me know your thoughts.
FOREXCOM:SPX500Short
by L_F
DOW JONES - Finishing B-C leg. TVC:DJI is at critical levels where we could see another move lower to 31000 if the larger pattern completes. There could be one more move up to 35800 first before getting that move lower. Anything above 36k could mean ATHs again and a possible blow off top. For this month the critical date is the 11th and this could see a 2 week trend into the 27th. I will keep this updated as the are some great moves coming up either way. Weekend DOW is up 84 points so far. Monday will be the key. Enjoy the week. 👍👍
FOREXCOM:US30
by L_F
2
XAUUSD - GOLD. TREND MONTH!!GOLD could move in a few directions but as it stands the major pattern and cycle has it moving back down to 1800 with the chance of lower prices. Shorter term there are multiple ABCD targets to the upside and the down. The important date for OANDA:XAUUSD is the 6th of April, this could be a turn point that will set us on a trend for 3 weeks into the 27th. So a high into this date would see us looking for the short side and a low would have us looking for a long trade. Keep an eye on the Gold over the next few days as it will tell the story of whats to come. I will keep it updated. Enjoy the week.👍👍
OANDA:XAUUSD
by L_F
USOIL - Lower prices to come?Taking a look at the OIL this month we have a chance at getting back down to $80/Barrel or lower. Firstly if we look at the AI for the month it looks to be choppy with a sell off later in the month. I have marked a couple of critical dates. Highs or lows into these dates could mean a reversal, for example if we are at a low coming into the 28th of April then I would expect a strong rally and vice versa a top into this time. On the pattern side of things we are in an ABCD to the downside taking us to 90.86. This will be the first target if it can get back down below the 78.6% @ 98.54. The bigger Gartley pattern has going down to the $80 area where we have multiple FIB levels. The main level being the 382 from the 2020 low, there is also the 1.618% extension @ 79.50 from the recent high/low. ABCD Gartley comes down to 80.86. This could be the start of the next move higher or the possibility of lower prices. With all the news going on its better to stick to the patterns. Enjoy the week. 👍👍🤑🤑
TVC:USOILShort
by L_F
SPX - Time to SELL??Here we are after a massive 9 day rally at the moment of truth. FOREXCOM:SPXUSD This where we find out if it is a suckers rally and we are heading lower or a major low is in and we shouldve been long from 2 weeks ago. Bearish option - We have had a 9 day rally and everyday has had lower volume from the 15th of March spike low. This is not Bullish at all. We are almost at the 61.8% level from the All Time High. This would create a bigger ABCD correction down to the 3800 area. We still have the ABCD down to 4000 as long as 4600 doesnt get taken out. Bullish option - Still has a Pull Back before higher prices. This could see it come back to 4300 before we could see the next explosive move to the upside and new all time highs. This would be the place to get long and hold on for the last blow off towards 5200. Plenty to watch for but running out of steam is how im seeing it ATM. An ABCD move down for the upside or a fast move down for the lower levels. Maybe a geo-political event over the weekend to start proceedings, or a few more days higher to really get the FOMO going.. Either way I hope this helps. Enjoy the day!! 👍👍
FOREXCOM:SPX500Short
by L_F
AUDUSD, Gartley Buy. AUDUSD has just hit the 78.6% Fib level also completing a Gartley. This is where you get the low risk trades with great risk/reward. I traded the C-D leg down as this was a completed smaller Gartley pattern. Now the plan is to either go long to the 0.7280-0.7300 area which would set up a 135 Pattern to sell or we are heading back up to 0.7500 completion of the bigger ABCD. Yesterday was a down day on lower volume which is why im looking for a bounce today. AI also to follow. I hope this helps. Send me a comment with your thoughts agree or disagree.👍👍
Long
by L_F
10
XAUUSD - GOLD BUYGOLD had a nice spike low last week and is looking to move higher. On the close Friday we completed the 3 Drive and also a nice Gartley pattern into the 61.8% area where we a re expecting a bounce especially if this is going to be bullish. We need to stay above 1920 on the short term for this to be bullish, any drop 1900 would see a possible move a lot lower. AI has the GOLD trending higher for the day and we have just retraced into the 50-61.8% area from Fridays low and todays high. I hope this helps. Enjoy the day!! 👍👍
OANDA:XAUUSDLong
by L_F
3
BINANCE - Approaching critical date.Binance along with a lot of cryptos are heading towards a critical turn point in the market. From the 16th to the 22nd of March we could get a decent trend either way. If by the close tomorrow BNBUSD is around 345 then the AI might be inverted and mean we will be looking at the start of a nice rally. The other option is that we get a rally into tomorrow then we get the Sell off to 300 to complete the bigger pattern and the cycle into the 2yr anniversary of the 2020 lows. The third possible outcome is that the AI is a day early and we have started the journey down. Some options for you and a look into things that could be coming up. Enjoy the day, I hope this helps.
BINANCE:BNBUSDShort
by L_F
SPX - Still tracking to 4000An update on the previous S&P500 post. We continue to sell off towards the 4000 target. We have had a nice sell off over night and are near the 78% level from the last rally. Now what we would like to see is a retracement back to 4300 to give us another short opportunity. This would tie in with the AI expected move back up over the next few days followed by another sell off into the 3900 - 4000 area completing the ABCD we have been following since the top. We now have a second ABCD lining up with the 1.618% Extension from the Oct 1 low. If we look at timing this would bring us in around the 23rd of March. An alternative could see an invert on the AI and a high around 4500 completing the ABCD to the upside from where we are now. Plenty of options on the table but still targeting the 4000 area. I hope this helps.
FOREXCOM:SPX500Short
by L_F
1
TOTAL CRYPTO MARKET CAP. In this chart I take a look at the Total Market Cap of the Crypto market. We have a critical date coming up on the 16th of March if we look at the AI. This could be a potential sell off or the start of a rally depending on if we are making a low or a high coming into that date. As it stands a rally over the next couple of days would set up that sell off but if we get down to the 1.5T level the that could be the start of a big rally. We have big ABCD patterns at 1.375T and down at 1T, this would scare a lot of people but would be the best time to buy. Watching for now and looking for set ups in the market. I will post a couple of charts for the near term. I hope this helps with the way I look at things. Enjoy the day. 👍👍
CRYPTOCAP:TOTAL
by L_F
GOLD to new All Time Highs.. Are we looking at GOLD about to turn into new all time highs. The last 2 sharp retracements have been 100 points into the 50-61.8% area from the previous rise. If the market repeats then 2163 is the upside target or 2134 is the 1.618% extension from this retracement. Another option is a rally into 2020 then another leg lower to 1920 before the next run up. The AI for the day has the GOLD rallying into tomorrow, another piece to add to the puzzle. Plenty to watch in this market and the constant news events making it jump around so dont forget to use stops. I hope this helps.. Enjoy the trade. 👍👍
OANDA:XAUUSDLong
by L_F
SOLANA - Intraday AI turn points. Today I take a look at Solana and how it works with the intraday AI on it. Firstly it has completed an ABCD @ 83.09 at the expected turn point of 6:30am. Now im expecting it to rally into 1:30pm followed by a sell off again. With this AI there is a 20-30min window if it doesnt turn within that time it is likely it wont work but when we get patterns at Fib levels that gives us a higher chance of a positive result. On the longer term still looking for the move to the 75 area. I hope this helps for your intraday trading. Enjoy the day. 👍👍
FTX:SOLUSD
by L_F
LUNA - Moment of truth!!Luna and the crypto market is at a possible turn point to go higher or to give up some more. We are just completing a Gartley Buy pattern @ 47.15. If it doesnt hold this level then we could see it drop to 34.00 where there are major ABCD patterns and FIB levels. We do have the 61.8% level from the May 2021 low but more likely to head lower if the current level breaks. The whole market is at a critical level the next couple of days are going to be interesting. I hope this helps, Enjoy the weekend.
by L_F
7
BITCOIN More correction to come??With this example of Bitcoin I look at a few different options and levels to watch. Firstly on a simple Double ABCD down to the 25500 area which would be a 67% retracement from the March 2020 lows. The next is the idea of a flat Elliott Wave correction would take us to the same level as with that we look at the distance above and the distance below previous highs/lows. These levels are the April 2021 high being a wave 3 and the June 2021 low being an A corrective wave. Roughly 4000 points either side giving us a completed wave 4 and then starting the wave 5 towards 80k+. The other option is a PB to 38000 50-618% of the current move up then rally from there. Any one of these options is going to give us a great buying opportunity shortly. I hope this helps. Enjoy the day!! I will post updates as we go along with possible trade oppotunities. 👍👍
COINBASE:BTCUSDShort
by L_F
2
S&P500 Sell Mode. With the S&P this week we could see a continuation to the downside towards 4000. Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling. If we look at time and price then our target should be hit the week after next. There is also the possibility of the correction being over and 4400 will hold the key. On a 15min timeframe we saw a rally Friday before selling off at the close. looking for a rally early Monday to sell, I will post the shorter term TF in the comments. I hope this helps. Enjoy.
FOREXCOM:SPX500Short
by L_F
XAUUSD, GOLD SELL AREA. 👍👍Hi Guys, GOLD is sitting at our Sell area we where looking for. We have completed the ABCD Gartley from the Jan 26th High with a 10 day rally. This could be a start of a decent move to the downside. Target 1. 1800 - This is the 50-61.8% retracement of the current move up. This would complete a 135 Pattern and be the Bullish option. Target 2. 1750 - This is the A-B=C-D move to complete the smaller pattern. Target 3. 1730 - This would complete the Gartley Buy pattern from the Aug 2021 low. I hope this helps. Enjoy the day.
OANDA:XAUUSDShort
by L_F
4
SPX SELL ABCD 3 DRIVEThe S&P500 is at the critical of 4800. At this level we have an ABCD completion from the mid May low. This is a major multi month pattern with the added confirmation of a 3 Drive ABCD at the same level. If we expect the same move lower as the previous September retracement then that brings our target to the 382 of the ABCD pattern around 4500 which is a Major level. At this level it could be good buying opportunity. We will see how the next few weeks play out.. A.I has a major Low/High in Feb but I will need to see how Jan plays out to see what it will be. I hope this helps.. Enjoy 2022!!
FOREXCOM:SPX500Short
by L_F
GBPUSD. A.I INTRA-DAY SELL SIGNAL. GBPUSD has entered the time zone where I'm looking for a sell off. The thinking behind this idea is to sell now with a small 12point risk with the eventual target of 1.3290 but that might come in the second run down today. I'm looking for the first move into 9pm Jakarta time then wait for a PB to either add to the position or enter a new trade. The target area of 1.3290 is a 382 retracement from the Dec 20 low and a 61.8% from the Dec 22 low. If it turns and stops me out then i will be looking for a long entry with a high at 9pm. That would be an invert of the A.I. I hope this helps. Enjoy the day. 👍👍
Short
by L_F