Hey Traders, currently we're looking at a Bullish Setup for LTCUSD that is expected to give a short Bullish wave, Fibonacci Major plotted from All time High to Recent lower low 0.382 intersecting with FIbonacci minor 1.618 plotted from recent swing high to low, would be our entry point as a cross in 200D. MA confirms the bullish actions +90 PIPS Target...
EA did that running triangle I talked about, broke the high, but then did a flat pattern. Those green lines were my original targets. That box is equal length to wave 1 which would be the 1.59000 level exactly. Come on guys, watch the videos so you can fully understand my analysis, and not miss trades. The entry on this and GN should have been earlier, but looks...
It seems as if we are entering wave 4 and still busy completeting subwave "b". Wave must still correct a bit before entering wave 5 to reach target of 890 if it gets a 1:1 extension which I have marked as the top green box, however it should be noted in the green box just below that it might find resistance at the 0.786 extension based on previous resistance area.
Here's my analysis on this little sleeper: Looking at the charts I see a beautiful cup and handle has formed and is nearing completion. The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves. Combining Fib retracement...
Wave 5 target = 160$ This is my first LTC Elliot wave count and may not be 100% accurate even though on smaller timeframes my counts worked out. Please use it only for education and confirmation whether you also see the same trend/wave count.
Data and Brexit speeches The focus will now turn to this week’s domestic releases that include Tuesday’s CPI and Friday’s retail sales. We will also have a number of speeches from senior Cabinet ministers before hearing PM May’s speech this coming weekend. To the upside, the 4hr 10 SMA is located at 1.3865 and the 100 SMA at 1.4048. On the wide, the 200-week...
Hi followers, I seem that EURUSD build a bearish Wolfe Wave with a CRV of 6:1. Wait till Divergence is building in RSI and the bar goes down. Have a nice trade.
Hey guys new to this so bare with me, some friendly input would be appriciated. Looks like trx is on its 2nd wave of the 5 Elliot Wave pattern.
Aussie Unemployment slated for Thursday. Australia will be posting their Unemployment Rate and Employment Change figures on Thursday at 01:30 GMT, with a speech from RBA Governor Philip Lowe at 22:30 the same day. Aussie bulls will be looking for positive undertones in Australia's employment scene to begin pushing the RBA closer to rate increase...
I've predicted this path for the head of the second shoulder based on previous trends and patterns. Therefore I've come to the thought that this all is just the (B-Wave up) and a part of a big ABC correction following up on our 5 wave up. (which was A) After hitting this target we should be seeing a sharp C wave finishing up this shoulder pattern nicely. Like...
I wanted to broadcast a quick video showing how you can use indicators, long term trends, and just plain DRAWING! to stimulate trading ideas, and to give yourself some emotional clarification on what is happening in front of you. I do this dozens of times before I feel like i have ONE idea. I think you should too. I hope you gain from this experience.
TA for the 5th wave. RSI is good (mid-range) MACD about to crossover We had a good bounce from the 55EMA volume is abit low, 5th wave will be short. long T1 - 8700 T2 - 8900~9000
The Bleed is not Finish - Correction Wave 2 (ABC) Yes it is on a weekly Yes, everyone looks on a daily In theory, timeframe is irrelevant. As the correction wave ABC, we have not seen B. Therefore giving consensus that BTC will have to dip for another candle (week) For Elliot Wave theory to apply. Correction Mid Bounce (week) = USD$5000-$5500 As long as ABC...
Prechter was on Fox Business today, and made some pretty astonishing comments. He doesn't do that often: www.foxbusiness.com Check out the chart and be prepared!