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Wave5

S&P 500 on an endless high SP 500 in an eternal high SPCFD:SPX TVC:SPX If not everyone, but most people in the market must suspect that there is something strange going on in the economy. We are slowly discovering that the last bullmarket was marked by interventions that brought a certain artificial expansion. It can be said that companies and the market have grown on fragile supports. That's what we see clearly in the S&P500. The lack of good supports. What we can expect is that when a reversal movement finally comes, the fall could be brutal. But we still see the market surfing a Wave 5 end. I can make the last projections there near the 4000 which is when I expect the price correction to finally come or being more pessimistic a Crash in the market. I don't know when that's gonna happen. But the notes are for the next 2 or 3 years. I sincerely hope I'm wrong and all those who have been warning about it. Now for the important part of the analysis. The price has left an area of value in a range that is below and above 2700. This same region is where it formed this 4 wave and also serves to project the next high pivot that is already in progress and entering the upper hatch range which is the current resistance at 3300. Let's see how the price behaves on this level. Whether the market will create a new acceptance area or reject this price level.seeking a correction and a test of the value area. If the price does this and continues to rise it would disfigure this analysis. Let's see what will happen. Buying power keeps coming in. Certainly it is to maintain the euphoria of the market that already shows clear signs of exhaustion in the bullish move. ***************************************************************************************************************************************************************************************** SP 500 numa eterna alta Se não todos, mas a maioria das pessoas que estão no mercado devem suspeitar que existe algo estranho acontecendo na economia. Estamos descobrindo aos poucos que o ultimo bullmarket foi marcado por intervenções que trouxeram uma expansão de certa forma artificial. Pode se dizer que as empresas e o mercado cresceram em cima de frágeis suportes. É o que vemos claramente no S&P500. A ausencia de bons suportes. O que podemos esperar é que quando finalmente vier um movimento de reversão a queda poderá ser brutal. Mas ainda vemos o mercado surfando um final de Onda 5. Consigo fazer as ultimas projeções lá proximo aos 4000 que é quando eu espero que venha finalmente a correção de preços ou sendo mais pessimista um Crash nas mercado. Não sei quando isso irá ocorrer. Mas os apontamentos são para os proximos 2 ou 3 anos.Sinceramente espero que eu esteja errado e todos aqueles que tem alertado sobre isso. Agora vamos a parte importante da analise. O preço deixou uma area de valor num range que está abaixo e acima dos 2700. Essa mesma região é onde formou essa onda 4 e serve tambem para projetar o proximo pivot de alta que já está em andamento e entrando na faixa hachurada acima que é a resistencia atual em 3300. Vamos ver como o preço comporta nesse patamar. Se o mercado criará uma nova area de aceitação ou se irá rejeitar esse nivel de preço.buscando uma correção e um teste da area de valor. Se o preço fizer isso e continuar subindo desconfiguraria esta analise. Vamos ver o que irá suceder. Segue entrando força compradora. Certamente é para manter a euforia do mercado que já apresenta sinais claros de exaustão no movimento de alta.
OANDA:SPX500USDLong
by livemzavhenrique
GBPUSD - Elliott Wave Prediction + Automatic Counting IndicatorHI BIG PLAYERS, on this chart I want show you how my AutoCounting Tool for Elliott Waves works as well. The indicator works with a lot of counting in the higher and lower bars. The numbers are transparent and ovelapping. Where are more transparent numbers, there the number have a bright color. In this example you see on the uptrends the bright colorized Number 3 in the middle (it's 3 of III) and we have already 3 times of it: so this is why I know the wave 5 is finished. Moreover, the bullish impulse is started. Kind regads NXT2017
Short
by NXT2017
3
ORBEX: Correction Could Have Ended At 1.2767 Low! What Then?GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low. This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed. In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances that we will see minute wave 5 creating fresh highs could increase. This could be followed by a minute correction a,b,c, and then another bullish impulse to complete minor wave 5 (intermediate wave 3). Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
EURUSD Wave 5 ComingEURUSD is currently finishing a wave 4 and getting ready for a wave 5. There are two entries; a buy miniumum at the -27% of the ABC of wave 4 and a buy maximum at the -61.8% if wave 4 corrects lower. Keep in mind that the ECB has their interest rate decision and press conference on Thursday Oct 24th at 7:45-8:30am EST. This will cause a lot of volatility in the market. It could either push prices immediately higher or it could push them lower to our buy zones. First take profit (TP) is at the fib cluster of -27% & 50% @ 1.12300. Second TP at the fib cluster -61.8% & 61.8% @ 1.13000 round psychological number. The first & second TP's are both confluent at fib levels of 50% & 61.8% of entire year. The high of the year is at 1.15700 on January 10th and the low of the year made on October 1st. Will update upon completion of wave 5. This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
Long
by csohrab
AUDCAD BUY IS COMING I haven't changed anything since I did my last idea on this. I told those during BoC news trading to buy and sell at the 50% fib. I did not take the sell as I am a BUYER of AUSSIE for the foreseeable future and I will have to counter this with how CAD moves with oil as time goes on. I am studying the effects of cad and oil on audcad. I have heard playing the extreme prices on daily work well on this pair. We have hit the price zone I expected to come into play. NOW we are looking for the INV head n shoulder pattern I kinda threw out there on the last idea pre-move of BoC jump and drop wave 5. Understand that POINT D has 2 points it can always hit. D1 or D2 which is a farther fib extension and gives a higher probability of reversal momentum. Steps that have successfully happened in this idea.. - BoC rate was not changed as expected - Wave 5 reversal came into play after the breakout of the pennant. Point D2 was successfully hit giving the market a better discount on AUSSIE dollar. How to handle this trade: BUY STOP around D with a SL below the daily low of the wave 5 bell curve What you shouldn't do: Try to catch a falling knife. wait for a reversal confirmation or bet low with a high range of +/- ratio if you are a swing trader.
Long
by AschraM
ETHUSD Buy Zone 309.4 - 303.83 Profit Potential = 5% risk = 2%The buy zone is shown by the green box. If the stop loss is hit, then this count is invalid and there will likely be further downward movement. The profit target is at $322.50 - This is where wave 5 is equal to 0.618 x (the length of wave 1) + (the end of wave 4). Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a recommendation being provided to buy, sell or purchase any good or product.
BITFINEX:ETHUSDLong
by TradewithLu
BTCUSD 2%-3% gain potential (SHORT TERM OPPORTUNITY)Profit target = $12120 Stop Loss = $11590 Buy Zone is between $11840 and $11640 (if the price does not fall to this zone, this trade will likely not be worth taking). The potential gain is between 2% to 3% and the risk is between 1% to 2%. This is a classic Elliott Wave trading set up. If you have any questions please feel free to message me or comment and I will be happy to answer. Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a recommendation being provided to buy, sell or purchase any good or product.
BITFINEX:BTCUSDLong
by TradewithLu
USDCHF wave 5We are coming to the end of a correction wave, wave 4, and can now look for potential selling opportunities. There is strong resistance at 0.9900 which also happens to be a phycology level. The 61.8% retracement from the previous high is at 0.9893. Weekly 20 and 50 EMAs are closing in on each other and if they cross this will give us further confirmation. I will be placing an order as follows: USDCHF BUY LIMIT @ 0.9900 SL @ 0.9970 (70) TP @ 0.9575 (325) Risk:Reward = 4.64 If the order isn't filled I will look to enter the trade manually. SL just above 78.6% retracement and daily 50EMA. TP at weekly resistance.
Short
by andrewlickley
BTCUSD - 5 Waves then bounce?Anybody reading me knows I have been following this multi-year baby blue trend-line for quite some time. After the price broke above it last time it came back down to kiss it and then took off to all time highs. ($20K) My expectation is for something similar. As you can see in this chart there may be a 5 wave move down to the line on the 4 hour chart. If this holds, the RSI, MACD, Stochs, etc. should have pulled out of oversold enough to fuel the next bull run North. This is my current line of thinking but anything could happen. When I say hold I don't mean a spike low through the line only to quickly recover. If it is to fail we need see a couple daily closes below the trend. If that happens I will reevaluate to see if I have the line drawn as accurately as possible or assess that maybe something else is going on. Good luck this week!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
MONDAY MORNING(05/20)Everything you need to know Analysis-WAVE 5What do we know so far? Wave 3 extended to x4.62 (8400). Wave 4 was pretty violent and it ended up bottoming at 6400 and did not take the traditional ABC path of wave 4's, which has made counting for wave 5 much more difficult. Volume has calmed down somewhat compared to the wave 3 highs. What is BITCOIN currently up to? Momentarily, after hitting the bottom of wave 4-6400(That was projected in an earlier- link in the related ideas ), BITCOIN is in an - "Bilateral ascending triangle" . From the right chart, we can see that the 1.62x Wave 5 target-8200, was in fact hit yesterday. Here are the bullish and bearish scenario. 1. If BITCOIN closes above 8200=> This could take bitcoin to the blue squares drawn on the left chart. The ultimate extension for wave 5 would be 2.62x- approx 9300. Caution here is that extended Wave 5, usually tend to lead to quite strong consolidations. The other targets as labelled in the chart are, 9600-9800 from the structural extension of the bilateral triangle. 2. The bearish outcome of the triangle would start by BITCOIN breaking the triangles trending line ( labelled as purple curves ). This is can be quite an expected outcome, since it already hit the 1.62x target for Wave 5. In this case, BITCOIN could retest its 50 week MA, or the structural support around 6.4k. How should I trade this? In both of the charts, there are squares that are market for potential profit taking and potential bear traps, and guidance suggestions if crucial trend-lines get broken. Do not be fooled by some of the analysts claiming bitcoin will reach the old highs (Not,just yet). Above 10K, is the FOMO territory and I would not recommend to anyone to enter a long/buy position until things settle. Before we reach the old highs, we have to test the old lows/averages. The last question: Why has bitcoin gone on such a rally ? Bitcoin confirmed the 50 Month MA support late into 2018. As with all the other assets, particularly equities which bitcoin has carefully followed so far. Equities since January are up about 30%, so it's no surprise that bitcoin would start such a rally. Additionally, the crypto consensus(13-15th of May) expectations and all the invention revelations that were made public, helped the market gain momentum and confidence. This was seen last week, as most of the alts broke their crucial 50 week MA's. Finally, once the wave 5 top is confirmed, if I have time, I will update this analysis with the potential ABC consolidation points for bitcoin. Step_ahead_ofthemarket and Happy trading! >>If you liked this take on bitcoin , I would really appreciate a thumbs up or follow up for more.>> It seems that especially this summer will be extremely volatile for all markets. There will be plenty of detailed analysis following up. P.S. Do comment your agreeing TA or one with a difference of opinion!
BITMEX:BXBT
by step_ahead_ofthemarket
So what is the secret?Not seeing anything to trade right now, so I am just chilling, and posting stuff here. I am following 2 trading rules at once (do not overtrade & take breaks to relax). The best exceptional individuals dump on the early pros and savvy investors that dump on the institutions that dump on the various funds that dump on the twitter shills that dump on the baggies that dump on the best exceptional individuals that... Gosh, if we could only shift it all by one the joe "macdonalds" macbaggy could actually make it. So close. Yet so far. The secret? Not chasing every single move like a coke addicted chimpanzee. Choose the select few you KNOW are exceptional opportunities, and let the stuck struggling tryhards laugh at you for missing out. Let the FOMO crew laugh at you for "missing out" and "being so wrong about the trend", smile when you dump on them for the 10th time in a row and they start being angry and calling you mean "what did we do to you?". So I suppose you could say here to emotion is important. If you start whining because the general public and low tier shitfunds make fun of you you will NEVER be able to do this. Also, just having common sense and not - well, being a coke addicted chimpanzee that gets excited or panics. Facts matter. You get in for a reason. You get out for a reason. I will list 15 of the top rules of Paul Tudor Jones, I agree with most of them, well all of those here (just that number 1 does not apply to most of us): I find it very interesting that Bitcoin "traders" as in "not gamblers" have the exact opposite rules. They are very educational. Let me show you: They are just so bad. Amazing. Like they try to be as awful as possible. And they even manage to lose by trying so hard to catch bottoms like the top traders. They are even worse than "general public". This is why I love them so much, so educational. Just do the exact opposite of what they do. And you do not need to be the 1 in a million. Even the "various funds" make money. Sometimes they blow up too, so the rule "cut your losers" has no room for errors.
TVC:DJIEducation
by MrRenev
8
Bitcoin - Buying that dip (hold your breath)Bitcoin is at it again! Just like the last time, it's been a light-speed ride on the bitcoin train lately. Be prepared for some type of pullback anytime. We could see a low wick below $5k (maybe even $4.5k) but I'll be buying it, spread out over a few points. If we bounce again, it COULD be a very traumatic experience for bears....on the other hand, we may be seeing the high of the year in the first half of May. Be prepared for a V-bottom and development of a new downwards trendline somewhere around 200% higher (~$14k). Then, expect consolidation IMHO. If we don't see that hard rip within the next few weeks, anticipate somewhat of a war to reach $8k as all the folks buying in now make some very tricky decisions (and consider it a confirmation we're inside of either a bullish wave-4 with a much less-likely possibility it's a B-correction on the weekly chart). I'm out with buy orders scattered below. Probably a bit early to bail, I usually am, but I'd rather admit I'm wrong and buy back a tad higher later when I miss than be stuck for weeks under $8k when that cash could have been at work elsewhere.
COINBASE:BTCUSD
by Red_Ben
3