Hello everyone, let's take a look at the 4H ETH to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support where the price is currently at is $ 2914, if the support breaks down, the next is $ 2829 and $ 2747. Now let's move from the resistance line as you can see the...
Hello everyone, let's take a look at the SHIB to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002389, if we manage to keep it, we can move quickly to the resistance point, which will give...
Ecad is about to drop hundreds of pips. Don't believe me? Watch the short video in comments section and I will change your mind. Plus I better explain exact take profit levels along with the weekly swing pattern. Happy fourth!!!!
Watch out for corrections for buys for USD/CNH to break out to make one more high on 4hr. I at least would expect a 3 wave to break trend line considering this small wave appears to be an impulse wave.
Considering the wave measurements of "1" and "3", I will expect a 5th wave (wave 3 extended past 1.618 wave 1). I underlined the potential level. If we were to get a 5th wave, then we would most likely get a correction here (triangle or shallow flat). Otherwise, wave "3" could be a "W" as a 1-2-3 can be an ABC, and we would get a larger correction downward, but...
Look for GU to break the last low and then pull back up to break the high.
GN is at overlapping trend fibs, pitchfork, and at a spot in the pattern where it could make a "C" wave to break the trend line. It is over extended and showing divergence on all time frames, on TDI and bollinger bands except for the monthly. It is possible that it did complete a contracted flat pattern and is on its way up considering how this wave looks though....
At this point Ncad looks like it is making a flag to go up. Equal length just breaks the high of correction.
I posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as...
Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you...
I told you the level below the pitchfork. I told you the pattern. I haven't touched my paintbrush mark when I told you it might make a running flat to start the week in the weekly outlook video. I did all I could do.... At this point, my stops in profit from the tip. If it comes down and takes me out (I don't think it will), I will simply enter again. Looking for...
NZD/CAD Is at the spot for one more move up the way it is measuring and swinging. Did not exactly get the greatest reversal pattern, but this is the fib area for it to make another shoulder from, potentially creating some sort of flat pattern. I am seeing striking similarities in the NZD pairs as far as their swing structure. Just understand time frames and limit...
UJ's Monthly pattern shows striking similarities to the pattern it just made. I labeled "B" as "B" because it measures and counts out as a 7 swing WXY pattern, which would be a 3 wave pattern. You can see basically the same pattern when you zoom in and look at it now on the weekly....
For real traders.... You have some price levels to get some buys in profit. Hopefully, this weekend I will get some time to cascade some stock indexes next to commodities using time, trend, and retrace fibs.
Boom goes the dynamite. Wave 4 initiated. Channel looks like 38%. I adjusted the levels. If you were like me, you got stop in profit, on to the next one. Just keep in mind we are trading fibonacci and not price action reversal, but the fibs are strong across the board. Check out my XAU/USD 7 swing lining up with the 1.236 trend fib extension. Just keep in mind...
for what it's worth, ga's price action from the top produced overlapping pitchfork trend lines. that is where it i sitting right now. Might be a nice scalping area if you know what you are doing. maybe not. I am done looking at charts, that's all i know.
There is some NZD and AUD news drivers this week. Forgive the messy chart. But NZD/CHF measures and counts out to be doing a large 7 swing structure going down. I posted the 4 hr yesterday I believe (I will post another close up look). We got a small correction up that seemed to be correcting itself down running into my 50% weekly pitchfork line, and a w-x-y...
I know it's hard to make out the chart, But Ncad is a trend line breakout, breaking the recent low and is at a major fibonacci intersection that sane analysts would never consider. Showing plenty of momentum divergence and a candidate for at least a little running flat or a spike reaction from this zone.