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Elliott Wave Analysis: AUDJPY May Have Found The TopHello traders! Today we will talk about AUDJPY pair in which we see a completed Elliott wave five-wave bullish cycle and potential top formation after recent break below strong trendline. In Elliott wave theory, we always have to expect a minimum three-wave reversal after a completed five-wave cycle. We are now observing a minimum three-wave A/1-B/2-C/3 decline, where wave C or 3 can be already in play. The main reason why AUDJPY could be turning down is strong support on US bonds and also still bearish looking stocks in current risk-off sentiment. A positively correlated SP500 is just about to break Feburary 2022 lows, which can easily send AUDJPY pair lower, at least towards 88 area for wave C, if not even down to 85 area for wave 3. Trade well! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
Elliott Wave Intraday Analysis: GBPJPY Confirms Top In PlaceHello traders! Today we we will talk about GBPJPY and XXXJPY pairs in general, in which we see pretty interesting price action and clear wave structure. As you can see most of XXX/JPY pairs are turning sharply down and the main reason is a recovery on 10Y US treasury notes. We decided to share GBPJPY chart that is turning sharply and impulsively down, clearly within a five-wave bearish cycle which in Elliott Wave theory suggests a top, at least temporary one. Five-wave cycle from the highs can be actually approaching the end and this is barely first leg A/1 from the highs. In Elliott Wave theory, after every five waves, we can expect an a-b-c pullback, so be aware of bounce and recovery around important Fibonacci cluster target area and 160.0 psychological level. If that will be the case, then this would be an indication for an Elliott wave a-b-c corrective rally into a wave B/2 that can retest 163-165 resistance area before we will see a bearish continuation for wave C/3. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
1
Top and bottom prices with dates for Bitcoin - based on pastThis is my analysis for long term Bitcoin prices. In my opinion Bitcoin is very highly manipulated and the price will be be driven down in 2022 only to be pumped again after the next halving event. At this point Bitcoin is a wealth generating scheme that rewards those who buy low and sell high or just hodl and takes from fools who buy the top during a media driven frenzy. This model is based on time periods and % changes in price of last 2 "cycles" of highs and lows. Did you know that from the lowest price value after the 2013 BTC top, so in January 2015 till the highest price in December 2017 (19k) past 1064 days ? Guess how many days past from bottom of bear market in 2018 till top in 2021. 1064 days. Coincidence?
BITSTAMP:BTCUSD
by polishjake
2
O (Realty Income Corporation) - Bearish Multiple Top - DailyO (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56. If resistance holds strong, the stock price could pullback over time to test support below. O (realty income corporation) reports earnings on 05/04/2022. Entry (short): $71.56 Profit Target +4% (exit): $68.59 Stop Loss -2% (exit): $72.91 Utilize stop loss, position sizing, risk management. Note: XLRE real estate ETF has also begun to pullback on a daily chart. All content is Not financial advice. Trade at your own risk.
NYSE:OShort
by NoFomoCharts
Bitcoin – bulls are weakHello, everyone! I am waiting for retest of trendline 1 to go short, but bulls are so weak because we are not seeing the buying activity at $39-40k. It means that BTC will probably reach the trendline 2 before the significant bounce. The Bitcoin price broke through the last point of support – 0.78 Fibonacci level. It means that we are in the downward impulse, not correction. As a result I am not expect the prices above $48000 in next 2 months with almost 100% probability. What is next? I am going to try to open long position at the trendline 2 with the purpose to take the bounce to retest trendline 1 and short the BTC after that. Good luck! DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
by Skyrexio
4
Pi Cycle Top Elongations Circled demonstrating lower highsPi Cycle Top Elongations Circled demonstrating potential lower Pi Cycle highs; such a prediction puts in worst bear case scenario a wick down to $28k for Bitcoin; however strong upwards support occurs in the overall upwards linear trend in February 2022; we reached a bottom of this pi cycle's market until the halving of 2024 and the 16 months prior and post-halving. Any candlestick closes below this level would be potentially devastating for price action and potentially break the linear logarithmic scale to which we have abided by until now. My impression/prediction is that of the Founder/CEO of MicroStrategy; that we will always move our currency to a stronger currency; and the holy grail of all known currencies is that of blockchain. Exponential 100x from here! Cheers! Shout out to the future; from your 8 year younger self! It'll at least be on their conscious for not listening; not mine =).
BITSTAMP:BTCUSDLong
by EMJ123
1
Major top on the bund measures to 155.37After one of the most hawkish meetings in quite a long time from the ECB where they outlined a faster pace of taper and dropped their language regarding rate cuts, we thought that we would take another look at the Bund chart. We are taking a look at the long-term Monthly chart of the Bund continuation contract and we can clearly identify a top on the chart (looks more like a descending triangle to my discerning eye). Chart patterns are fantastic, when you identify them properly of course!! For a valid top pattern this should appear at the end of a protracted bull market. They offer a long-term downside target (you use the width of the top to measure lower), this offers a downside measured target to 155.37 (the top extends from 167.52 to 179.67) and this coincides quite well with the 156.22 2018 low. Please note that this is the MINIMUM downside target. I also use the duration of patterns to give me some idea of time frame for when that downside target is likely to get hit. The top built from August 2019 to February 2022 i.e 2 ½ years, and targets are usually met in half that time – say 15 months. Mind you I have noticed over the years that the targets from tops tend to get hit faster, so I think under 12 months. We have two meetings next week - the Fed and the BOE and both are expected to raise interest rates by 25 bps, and with inflation where it is, further weakness looks likely. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
EUREX:FGBL1!Short
by The_STA
SPX: Is it just another Dead Cat Bounce? Let's see...Hello traders and investors! Let’s see how SPX is doing today! We broke the previous resistance at 4,388, however, today’s first candlestick is not one of the best. It seems we have a small top sign, and the index must react very quickly in order to avoid another correction. This weakness was expected by us, and I’ll explain why when we study the daily chart. If it drops, we have the 21 ema as our first support, and the 38.2% retracement. If the index loses the 38.2% it might correct more, probably to the 61.8% retracement. In the daily chart, we see why the index is struggling right now: It just hit its 21 ema. We’ve been expecting this movement since the markets crashed, thanks to the war, when almost no one believed in any bullish reaction. This is why we use TA, to help us to understand the market beyond our natural emotions. So far, the index is struggling at the 21 ema in the daily chart, but the way it closes today might give us a clue about what’s next for us. If it does a bearish candlestick pattern, closing under the 21 ema, this would be a warning sign. Now the SPX is in one of its moments when it must give us a clear reaction. Is the last bullish leg the beginning of a reversal or just another Dead Cat Bounce? We’ll have our answers soon. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses.
SP:SPX
by Nathan_The_Finance_Hydra
2
BTC Short TermOn H4 chart BTC is bearish/oversold in the MACD, RSI and Stoch RSI. I expect BTC to consolidate or make a small correction to the FVG zone. This will open up possibility for fresh entries and both alts if we stabilize or correct here. BTC has now become a strong asset during the Ukraine/Russia crisis, BTC also looks stronger than fiat and jump in BTC price and ''MCAP of stable coins'' indicate that investors are buying these assets. 3 of the top 11 coins are stable coins (usdt, busd and usdc)
by sebastianjohansen
War is no good for stocksI wrote this last month: ……From a technical perspective, we are increasingly of the opinion that the market has topped longer term, and this is the start of a more significant sell-off. Why do we think that? 1. There is a clear top pattern between approx. 4500-4800 ish, which to our practiced eye looks like a head and shoulders reversal pattern (yes, its messy but it is a top). These are well documented reversal patterns that come at the end of an extensive bull move. 2. We no longer meet the definition of an up move according to Dow Theory (which calls for higher reaction highs and higher reaction lows). 3. There was a large divergence on both the weekly and monthly RSI on the move to a new high. This reflects a significant loss of upside momentum longer term. This occurs when the market makes a new high and the indicator does not. 4. We have sell signals on the daily and weekly DMI signal (directional movement index). These occur when the red line breaks above the blue line on the indicator. 5. We have broken below the 200-day ma for the first time since June 2020. …. I can now add, we are again attacking the 55-week ma at 4346 and the top of the cloud on the weekly chart is 4348. Base of the cloud is nearer to 3875…the 200-week ma is down at 3379. We also have what I like to refer to as a confirmed sell signal on the DMI indicator – this happens when the orange line (-VE) goes above the previous peaks. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SP:SPXShort
by The_STA
2
Ethereum continues to face massive resistance cluster near $3,30Ethereum price managed to push through a crucial hurdle and flip into a support floor after the second attempt. A resurgence of buying pressure will likely propel ETH to a new local top. Ethereum price needs bullish momentum Ethereum price sliced through the 50-day Simple Moving Average (SMA) on February 9 but failed to sustain this uptrend, leading to a correction. The bulls came together during this pullback and bounced off the $2,823 support level, triggering a 12% ascent. This move set a swing high at $3,187.
EASYMARKETS:ETHUSDLong
by Laurie65456