DXY (US Dollar Currency) - AnalysisThese are my current thoughts on the USD.
USD Up, Indexes Down
USD Down, Indexes Up
Wavetheory
UPDATE ON GBPJPY (ANOTHER POSSIBLE IDEA)WAVE W AND WAVE X HAVE BEEN COMPLETED.
We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows.
Let me know what you guys thinks. God bless!
NIFTY-17000All 5 waves are completed in an Expanding triangle pattern.
Smart sell is over, because of our local support nifty is not fallen like S&P500.
21 day money flow index shows compulsion of buying
Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000
let's have a buy until AUG 2nd
USDCHF LONG POSSITIONUSDCHF ready to push more higher after respecting the high of wave 1 buy making a impulsive move and now retracing getting ready to push more higher which will complete our five wave move
BUY-SPX for 400pts wave XX to emerge as a pullback RALLY to test falling TL near 4200,
buying pressure obvious and the commodities cooled enough
USOIL PUMPEnergy markets have turned bullish on the HTF. NATGAS confirms this. Now we intend to ride the Trend until the next reversal. We buy every time price dips/retraces/pullbacks on the H1.
USDJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
! CALLING ALL ELLIOT WAVE TRADERS (GBPJPY ELLIOT WAVE COUNT) ! !!!! CALLING ALL ELLIOT WAVE TRADERS!!!!!
Hi Ellioticians,
I am currently studying Elliot wave theory and I am still trying to learn how to count effectively. Please let me know if there is anything wrong with the count and let me know how I can improve. This is the final count that I have done after a long time. I humbly wait for your comments.
Kind regards,
BigBoy
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam.
Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change.
So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid.
If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think!
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Bearish Pennant Break Out & Wave TheorySPX Forming a bearish pennant that is setting up the market for its final corrective wave within the elliot wave theory cycle.
Best case scenario is 3500 level, worst is near 3200. I think that this final corrective wave will not be a slow and steady decline.
Looking for Primary wave cycle Y to get fulfilled.
BNBUSDT 1H: Possible LONGOn the hourly chart, #BNBUSDT has the potential for an uptrend to 235$
SL 218.70$
BTCUSDT 1H: Possible LONGOn the hourly chart, #BTCUSDT has the potential for an uptrend to 20250$
SL 19670$
USDJPY Rally Slowing Down; Get Ready to Go ShortUSDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)).
This is very telling from an Elliott Wave point of view. Why? The triangle pattern ALWAYS precedes the final move in the larger term sequence. So, if we have a triangle pattern in wave ((4)), this suggests that we need a final wave ((5)) up (which price is tracing out now), after which the trend will shift to the downside.
How exactly you enter this position is up to you. You could wait for price to break through the support shelf around 134.30-134.80. Or if you practice Elliott Wave theory, you could wait for a smaller time frame impulse wave to the downside to confirm the new trend. Either way, we believe that the best trades in USDJPY will be to the downside.
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
BCHUSDT 1H: Possible SHORTOn the hourly chart, #BCHUSDT has the potential for an downtrend to 106$
SL 110.10$
XAUUSD Long Position on Wave AnalysisThis is my personal chart and fundamental analysis on XAUUSD.
I'm expecting to get a long position on XAUUSD from around 1722 - 1740 looking for target around 1755 - 1780 as my exit for the short term, for long term I believe price would go above 1800 again in coming months so trade wisely.
This is not a financial advice, please do your own analysis before executing your trades.
EURJPY BUY!!Price has been trading inside the given Parallel channel for quite some time now . Price recently reached the lower limit of the Channel and got pushed up. Price seems to be retesting the support zone and as soon as the retest of 137.678 zone is done , i expect an upward move considering the fact that 50 EMA on Monthly chart recently crossed 200 EMA to upside . My final Target is 145.7 !!
BNBUSDT 1H: Possible SHORTOn the hourly chart, #BNBUSDT has the potential for an downtrend to 228$
SL 239.90$
ADA Weekly chart analyzehello everybody hope you have good days.
today i want to analyze ADA altcoin in 1W chart for long term.
according to the VASIL hardfork that will be happen in early month (june 2022)
and this upgrade will be so amazing and increase network throghput.
so we have a good fundamental for ADA these days.
now lets go to chart:
you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price
and after that we start a very deep correction.
now you see we can approch end of this correction at the overlap levels
of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good
support level in around 0.4 price.
overlaping this fibo levels and this support strenghen our perdict.
after that we have an ABC correction wave after impulsive an seems to be ended.
our momentum in 1W timeframe is in oversld levels.
now if we lose this support(around 0.4 price) we can go down till brown area
that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good
support level according to history of market.
just dont forget to place your SL below first support level
to prevent losing more if we lose this support.
SL=0.38
thank you all for your support.
!!NOTE!!
((friends when you support me and follow me and comment on my posts
you can teach me more about market.
im very interested to learn more and you are the best teacher.
please support me for more posts thank you))
CRO longterm targets.hello everybody.
CRO seems to be at the end of an ABC correction and compeleting C wave.
according to the 100% wave A retracement and 261.8% wave B extention
and these two levels overlaped.
this level is a good support level.
and momentum is in oversold area and pulledback to exit this condition.
after end of correction we can see a yellow target level that i show on my chart.
this level contains three important factor:
1-moving average 200
2-old valid trendline
3-50% fibo retracement level of ABC correction.
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FUNDAMENTAL:
CRO have good fundamental and good news these days.
the most important news was partnership of crypto.com
with qatar fifa worldcup.
and in these 4 5 month we can see good grows in this lovely altcoin.
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dont forget to manage your capital and risk.
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if you take a trade you must set a good stoploss.
(NOTE!!! this article is my own opinion and its not a trade advice.
please tarde on your own opinion and use others opinion to improve your
analyze.)
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so i will do that.please support me and i wish use your experience
and you can help me to improve my abilities.
thank you all.have good days.
