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Runningflat

Ethereum near end of Running Flat Correction?Ethereum may be nearing the end of a running flat correction, and ready to resume its bull run. It has stopped at the 100% level of its trend-based fib, with a higher low than its previous two lows. NOTE - If this was an expanding flat, Ethereum wouldn't begin its reversal until hitting at or even below $100. While this is possible, I think the running flat seems more likely. Additionally, we can find confluence in: - MACD, which has a strong bullish divergence from price - RSI also has a weak bull div - Stochastic RSI recently bottomed out looks like it strongly wants to go up. Idea is invalidated if we close with a lower low on the daily chart, and then returning to 100 dollars starts to look more realistic.
BINANCE:ETHUSDLong
by dudebruhwhoa
Ignore the Noise... Recognize a Buying OpportunityAt the end of the day as long as this stays above 233.68 its a Buy. - Bigger picture is NFLX can complete a Running Flat C wave if it stays above 233.68 (i.e. does not retrace more than 100% of wave B - The 5 count of wave C has formed a wolfe wave with the equilibrium point slightly above where it looks like it will open today (i.e. supply = demand near 272) - look for a bounce at open to test the equilibrium level: If it breaks above it expect a run further to try and re-enter the wolfe channel [ Initial target 307 by May 2nd ] If initial target is reached expect that momentum to carry it higher to test upper channel [ Intermediate Target 335 by May 24 ] A breakout from wolfe channel will give it the setup to run Target = 475 by July 22nd . If this materializes I do not expect it to complete gap fill to 500s without undergoing a minor correction or a least consolidation first. *** If NFLX has a sustained break below 233.68 it opens up a short opportunity - will re-eval. based on how it behaves in the 234-272 range. But subscribers, I assure you, have nothing to do with this. NOT FINANCIAL ADVICE. Have a blessed day, The Alpinist
NASDAQ:NFLXLong
by JerryManders
1
A very sophisticated bullish escape/breakoutWhen I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general picture. Within that, however, fractal Elliots - Blue is a running flat with a leading diagonal coming off the 3-3-5 completion - Green is occuring at the 3-5 minute intervals so difficult to see at 15 (but 15 is the lowest interval TV lets us post so you'll if you go to the smaller intervals yourself you'll see what I'm saying).... yep, another running flat that is completing now - expect a leading diagonal out of that with waves around some critical levels highlighted below: * apprx 451 (or SPX500USD equiv. 4525) is the gamma inversion level where we go from negative to positive gamma exposure - this is also the gap fill from the other day {expect upcoming wave 2 around here to test support after breaking through on wave 1} ** apprx 455 - this is the flag resistance thats been developing over last week, we tested that support at the bottom of the first flat (blue); excpect wave 4 to test support here before finalizing the breakout on that upcoming wave 5. Target after breakout is SPY 473.
AMEX:SPYLong
by JerryManders
4