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Wavetheory

AUD/USDAU made 7 swings down creating an over lapping diagonal pattern breaking trend line creating a smaller diagonal as it did so. It can extend down a little more. We don't have full confirmation of reversal, but you do see the bands and the level that it is at. I believe it to be in correction, which considering the price action on the weekly I would expect a more complex pattern, and as far as the wave pattern goes it would be totally possible for it to go up to break the high in a double combo 7 swing pattern, in which case it would probably not break the last low, however it can... That pattern could extend all the way up to that zone.... 38% from this very spot lines up exactly with the level u see marked. I'm not saying to just swing it and go for that, but I see it as very possible considering that this is the exact pattern it has made up to this point.....
Long
by thillygoosth
USD/CAD projected patternConsidering Ucad's patterns in the past and also its current structure in relation to fibs, if it was gonna break out to upside, I will look for it to do so in this manner, possibly creating a 7 swing or triple combo. As of right now there is no setup in my opinion. Seems to be measuring out for a 7 swing, but depending how it shakes out, that 1.3000 level would be one to watch possibly for another sell. It did come off the .618 and could continue to the downside, but I highly doubt this pattern will be that simple. Or it could reverse this week and continue down in a 3 wave to the .786. Regardless, there will be setups on it in the near future. I will do my best to try to keep you posted. Have to consider it to be in an uptrend for now until something changes.
by thillygoosth
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 9) --> +7%Welcome to my 9th segment in my golden/death cross analysis series! My strategy is very simple: wait for longer-term trends to reveal themselves when the price crosses the moving average. We're capturing not only the positive movements but capitalizing on the negative movements as well! In our last short segment, we sold and bought back in at the same level! This doesn't happen often, but following the strategy will lead to profit. Segment 4 04/01/2018 - BUY $7,150 04/04/2018 - SELL $6,900 04/08/2018 - BUY $6,900 Beginning ($): $11,100 Ending ($): $10,700 Beginning (BTC): 1.55 Ending (BTC): 1.55 Segment 5 04/08/2018 - BUY $6,900 TBD - SELL TBD TBD - BUY TBD Beginning ($): $10,700 Ending ($): TBD Beginning (BTC): 1.55 Ending (BTC): TBD Let's hope we see some upward movement here and let's capture some gain against USD! Follow along by clicking like and following me to get updates on this strategy!
BLong
by dsgorthy
4
Eur/cadI was looking for Ecad to push up one little time for a small buy, didn't work out. It still may make more of a flag here but I think it is on the way down, at least on the weekly. Regardless, I spent some time on this one today. Looking at its pattern since '91. It's like anyway you look at it, it is w-x-y over and over... Meaning multiple ways to look at it in 7 swing form, or 3 swing. It is following this fork and different trend fib measurements. The weekly is way over bought and showing it is turning. Makes perfect sense for it to drop from this supply zone for the pattern. Classic 7 swing. If it does like I have drawn up, it will finish a 7 swing lining up exactly fib wise with the larger pattern and pitchfork. IF it did this it would take like a year, going to 140 price level roughly. But it seems about ready. EU, EA, EN looking downside. I am taking this trade and holding for a year. Remember, it can make a higher high on 4 hr/daily. It may break the low and pull back up,but it would only be to finish a correction, probably like a flag... Most likely. I will do a video on my channel (link) later tonight when I have time to give you the full picture.
Short
by thillygoosth
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 2During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article. US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan. Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear. Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb. This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting). Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb. 2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red). Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it. The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post. Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader! SNP500 - Short Position: Entry @ 2710.00 (or Market) SL @ 2740.00 Targets: 2600.00 / 2500.00 / 2400.00
SP:SPXShort
by Lionheart-EWA
2