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DAX - One more small push lower before rallying ? Excellent R/R!DAX - Turned into a Triangle here it seems. I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515. (It should ideally remain above 12463 since a close below that would significantly increase for bears to take over). Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
OANDA:DE30EURLong
by ElliottWaveBelgium
TSLA - One more push lower before rallying way above 500 ?We're in a wave 4 that seems to be taking the form of a Triangle. Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move. This makes us believe that wave D and E of the Triangle can be of the same proportions. But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272 - 1.382 zone before going back down to 350-ish (needs to be recalculated depending on B of course). Bigger picture
NASDAQ:TSLALong
by ElliottWaveBelgium
4
USDJPY on a support area , Long with proper Risk/Reward.as you can see price reached the last low of the chart , it acts as support area. Also we have a very strong resistance area on top wich you can see has 3 reversal points , we have 50% Fibbonacci retracement level in this resistance area too. RSI shows us good divergence. I believe price tests the support one more time after the markets opening , that's a good entry point for long with a good R/R. So our entery point is support area and we enter position after seeing candle confirmation in lower time frames. Our target is resistance area and our stop should be little pips below the support area. Don't forget to like and leave me any questions, comments or observations, thank you and have a profitable week.
Long
by mohsenfx
4
Ethereum Prepares to GrowthDue to the fall of Bitcoin on September 21st, the price of ETH fell by 10%, from $380 to $340. As a result, the price chart went down from the ascending triangle. Yesterday, ETH consolidated near the $340 level, which suggests that the nearest support is currently there. Stochastic also dropped sharply and reached the overbought line. It follows from this and in the coming days, it may begin its reversal. MACD has slowed down its decline and is now in a zone of uncertainty. At the same time, the price consolidated below the middle Bollinger band and almost reached the lower band. It also suggests that we should see a breakout to the upside towards the $400 level in the near future. Based on this, it is a good deal by risk/reward ratio (1to2). The optimism is added by the fact that rumors about the imminent transition of Ethereum to the PoS algorithm, have again spread in the community. A network upgrade proposal or EIP has already been published, which outlines the technical details. Also, some developers say that the transition may take place earlier than the scheduled date (recall that earlier they talked about November 4th). Ethereum has great fundamental news and a technical picture of the price. Therefore, we expect a reversal to begin in the coming days and we expect ETH will hit $400.
Long
by Crypterium_Analytics
1