Possible SiaCoin Breakout of structure LONG?It seems that SiaCoin may be on the verge of a breakout of major structure on the Daily, as well as a clearly defined Sharkfin and blood in the water on the TDI, which has some broadening of the bands, which suggests possible small move short, before the breakout. Daily Candle on the 2017-07-11 has pinned the Mayo EMA (200 EMA) which could mean we may see a breakout within the next day or two, based on the current structure and price action could fluctuate between support and resistance points before a clear path LONG.
On the 4 hour, there is a possibility that the move we see here is infact an impulse move short, which would be catastrophic to this pair, however I do not believe this is the case, although it is still a probability.
In my opinion, based on the structure of this pair and some fundamentals, I will go LONG, thus purchasing SiaCoins and holding them long term as I see SiaCoins increasing significantly in the next couple of years, if not sooner.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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TDI
Fincantieri Wave 5 Completed awaiting ABC Correction move SHORT?It seems FCT is in the completion phase of a Wave 5 on the Minor period and has also reached a critical resistance/trendline area and in my opinion, we are nearing the start of a corrective wave/pattern via an ABC wave. I've marked out major support area where I believe is most likely the area where we will see the first part of determining where price action will lead. If Support is broken (which I believe the primary path), the ABC correction could be invalidated and another pattern may form, thus we should see a downward bearish trend, possibly to the lowest trendline/channel area, marked as the primary target zone.
It is also possible that the ABC correction may form and we would see another Impulse move in a bullish direction to continue towards the 1.34 Euro price area, however I see this as a secondary option, only because the primary target, not only presents a structured move, but also because I see a FLAG pattern forming, thus seems to me the most probable move. I don't see much on the fundamentals side regarding this stock, however should more information become available to put FCT in a positive light, I see the primary path being the most probable.
Additionally, Ketchup, Mustard, Water and Mayo EMAs are all flared as well as TDI shows it has almost reached the overbought position as well as a probable Sharkfin forming, which may prove wave 5 / price action to go a little higher before initiating the corrective pattern. In my opinion, this would be a highly probable SHORT before I'd take a LONG and hold long term.
P.S. Saluti a Gino e Valter.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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GBPAUD - 4H - SHORT - TDIHi everyone. I'm shorting GBPAUD right now because of strong bearish momentum on daily that has not been stopped yet. According to my rules, we could see a continuation of the move down. What I'm looking for on the short term is a breakdown of the PAC on daily TF.
Entry, SL and TP on 4H chart.
GL HF
NZDUSD - D - SHORT - TDII was looking for this one and that's why I'm triggering the... trigger a bit quickly but I do believe that's a good setup : RR is good and we can catch a few pips with pullback to PAC, if not more.
But we need more confirmation on Daily and 4H. As I will fly off for a few hours I'm opening this position now.
GL HF
GBPUSD - D - SHORT - TDIHi traders, here is a short on GBPUSD motivated by following reasons :
- on higher TF (monthly and weekly) cable is still consolidating within 1.25-1.30.
- on 4H we are breaking down again both TDI and PAC
- on daily we are down since a few days but we could hit resistance at RSI50.
Take care, entry, TPs and SL are on Daily charts.
GL HF
WTI Possible Bullish Gartley on the 4HR and Daily ChartsIt seems WTI Crude Oil could be forming a Bullish Gartley Harmonic Pattern on the 4 Hourly and daily charts as price action has just pinned the Water (50 EMA) where it seems it has completed a pullback Fibonacci. It is possible to expect a continuation of more upward moves towards the Bullish Gartley Harmonic Confirmation Area where a SHORT can be taken to both Harmonic Targets #1 and #2.
Although TDI shows the position still close to the middle of the bands and an overall central position, widening of the bands has occurred and seems to indicate the probability of more upwards movement towards the Harmonic confirmation area.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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US Dollar Currency Index Possible Bearish Bat FormationIt seems there may be a Harmonic Bearish Bat forming on the DXY (TVC) with the 4Hourly and Daily Charts
Currently the DXY is in bearish trend however TDI has completed a very small Sharkfin out of the water but no blood in the water as yet and TDI shows close proximity to oversold position, therefore we 'could' see a confirmation of this Harmonic Pattern/Bat, if price action reaches the confirmation area. Support and Resistance areas have been marked, therefore the SL would be positioned above resistance should a SHORT be taken for the 2x Harmonic Targets.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Possible Bearish Cypher forming on the WeeklyIt seems there is a Bearish Cypher Harmonic, forming on the Weekly.
Price action has crossed the Ketchup, Mustard, water and Mayo EMAs, as well as price action has been broken out of structure between May, June and July, continuing the bearish trend.
TDI shows that price action has just moved through the mid band and is continuing on through to the lower band (Water) where we can expect a Shark Fin to form, with Blood in the water, to confirm an upward move together with a confirmation of the Harmonic pattern.
It is possible to trade SHORT on the way down to the confirmation of the bearish Cypher harmonic, however I will be entering this trade LONG, should the Harmonic Cypher Pattern confirm and the Shark Fin with Blood in the Water confirm as well.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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TIME WARNER INC ON DEATH SPIRAL DUE TO #CNNBlackmail SCANDAL ?It seems Time Warner Inc may be suffering the result of it's Turner Corporation's CNN being associated with #Fakenews and the terrible #CNNBlackmail scandal?
On the technicals, in my opinion, on the 15 Minute and 1Hourly Charts, we can see a clear swing from a strong resistance area / flip zone, after a Elliott impulse wave on the subminuette period, going SHORT through to an ABC corrective wave. The trend shows a swing to Bearish as well as a BULLISH BAT HARMONIC pattern visible, which seems to be on it's way to confirming the SHORT move.
Price action has already hit the Ketchup, Mustard and Water EMAs and the Ketchup (5EMA) is now crossing the Water (50ema).
A possible SHORT entry may be forming to take the continuation of the Bearish move until the Mayonaise EMA (200EMA) which in my opinion, the market will open on a GAP, from it's current close position at $101.51 at the time of analysis, to a lower price, possibly around the $101.40 ~ $101.20 area. It seems the Blueberry target (800 EMA) is most likely to be hit with a retracement up to the first Harmonic Target at approx. $100.93. I'm of the opinion that the second harmonic target at approx. $101.44 will Not be reached and price action will continue in a bearish trend.
TDI on the Daily, 4Hour and 1Hour charts, are also showing the beginning of a shark fin with blood approaching the water, which seems to provide a signal for a possible retracement, before the continuation of a very fast move SHORT finishing move, once blood is in the water.
In my opinion, based on the patterns as well as market sentiment (& fundamentals = eg. Incredibly Low viewer ratings and poor performance with possible repercussions to advertising revenue directly due to #CNNBlackmail scandal) that will continue to send this stock on a downwards death spiral, unless CNN management is overhauled and somehow CNN are able to miraculously salvage their already extremely poor credibility (in my opinion this is highly unlikely based on the current company culture, scandals and very poor performance). It is not the first time that a parent company suffers from a subsidiary's etc... poor performance or scandalous behaviour.
Therefore after market open, I will be looking to SHORT the hell out of this stock for absolute maximum profit (especially if there is a significant GAP on market open) with my TP in the $98.xx region or lower, should additional scandals appear to affect market sentiment. Should the Harmonic pattern be confirmed at the Blueberry 800EMA, I'll take a LONG up to the first harmonic target @ $100.93 and prepare for an additional SHORT once market behaviour confirms continued bearish trend.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or anything similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Possible final bearish move before breakout of structure to LONGIt seems that Factom (FCT/BTC) price action will continue to move bearish until initial support area or major trendline channel, where we may see a reversal/swing LONG to bullish price action/trend. It seems to me that we most likely will get a pin on the Blueberry which would be a good entry signal to go LONG and/or a breakout of structure trendline channel as shown on the chart.
In my opinion, TDI shows the start of a Sharkfin however blood is still not in the water. If Sharkfin and Blood in the water provides confirmation, whilst a pin on the Blueberry EMA (800 EMA), it should be a great Entry confirmation to go LONG.
In my opinion this cryptocurrency should perform very well, long term, so patience is essential.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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Possible Bullish Gartley forming with breakout of TriangleBitcoin seems to be breaking out of a Triangle towards confirmation of a Bullish Gartley on the 4Hour and Daily.
Price action has already crossed the Water and Mayo and I'm confident it will pin the Blueberry EMA (800EMA).
TDI shows possible downwards path until we hit the oversold position and should there be a Sharkfin and Blood in the water confirmation, it should be a great signal for a LONG entry.
It is possible to trade the breakout SHORT on the 4hourly, however caution is advised so wait for the candle to close, outside of the triangle. There could be a possible reversal from the bearish move, at a support area as well. Should price action reach the Bullish Gartley Confirmation area, I will enter the trade LONG.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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GBPCAD - W - SHORT - TDIHi there, here is a new trade for this new week. I'm a bit late but better late than lost (or something like that)!
We are on a clear downtrend on weekly charts, we broke PAC and are heading straight to RSI50 resistance and MA. What will happen?
Looking at 4H I forecast a continuation of this downtrend, and will see how daily behave.
SL is very tight considering this trade as weekly, but as always size your lot depending on the SL.
GL HF
EURCHF - D - SHORT - TDIHi there, we had a good start for this month and I'm planning to continue!
EURCHF is showing us some sign of bearish pressure that could continue on the following hours. As usual I take only good RR trade, but remember that EUR pair are more bullish than bearish so I will be careful on this one.
GL HF