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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 EW4X
2
DXY - Cheating with the Joker - Double or Triple Three?Trading tip: Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall. Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H set-ups while some performed some trading maneuvers such as moving SL to break-even or in profit. According to the next moves, the Structure would become clearer and a new analysis would be posted when the time will come. Many pips ahead!
TVC:DXY
by EW4X
5
Ripple (XRP/USD) - Bullish Sequence - Elliott Wave Count Ripple (XRP/USD) is presenting a possible Bullish Sequence as per the current Wave Count. Corrective Structure reflects a Complex Double Three, with a last piece remaining to unfold. However, according to other structures this sequence can take, Ripple (XRP/USD) could be a good BUY at these times. Those who are holding could see $5.75 in 2018 or even more. While some are expecting $20, I would be OK with $5.75, let it go there and we'll see later. From $0.938 we could easily see a $1.65 / $1.80 and a reaction would be analyzed at these levels as the last fall could not come anymore and Ripple (XRP/USD) could punch through the ceiling. Verdict: Bullish
BITFINEX:XRPUSDLong
by EW4X
4
GBP/USD - 2018 Outlook - 2500 pips Trade - BUY & SELL Levels"GBP/USD – Break-out – Last Bullish Impulse – End of Cycle" article represents a last possible Bullish Outcome for GBP/USD in 2018, as multiple facts point out towards an unstable Pound. GBP/USD is overall trading within a Corrective Structure, more exactly in a Triple Three, with the last Bullish Swing awaiting to unfold, thus completing the entire Correction and the larger degree Cycle. *Private details and Support available only for Members.
by EW4X
12
Moar Divergence Please!So the dream scenario for salt did not occur, however there are still some very positive signs. $SALT/BTC has entered my accumulation zone while managing to rack up alot of bullish divergence ... and I mean A LOT. Some people are not so fond of divergences since they can be misleading and often trigger late or far too early. In this case however, the divergence stands out quite drastically and so im inclined to believe there may be other factors at play, for instance having the price kept low to allow for extensive accumulation throughout the period of the next few weeks/months. I would not be looking to margin trade SALT (if thats even possible) on a 15 minute timeframe but instead to make a longer term investment. At this point it is beginning to become extremely undervalued, and can provide substantial upside given a longer term hold.
SLong
by grimoracle
DXY- break the box trade D/240/60 -- Daily downtrend - however in territory that correction is likely (see D chart - ellipse) - however we always know the trend can always make another low before the correction. 4h/1h uptrend is meeting the TL and we have a nice consolidation with a lower high in play.. So looks like decision time! -- Break the box below and round number of 90 - looks like sell back to TL below or new low is a good idea. Break the box and TL above and the daily correction to upside for DXY is likely in play.. This chart will impact all the majors.. Happy Trading!
TVC:DXY
by docholliday
2
SALT of The Earth SALT is a project I have been excited to cover. Although I won't dip into much more than the technical aspect, SALT certainly has an interesting group behind it coupled with huge potential for growth if traditional markets begin to shift toward using blockchain technology, alongside the expansion of the crypto market as a whole. If you want to find out more about the project itself, I suggest reading their whitepaper which can be found here: here . Moving on to the technical aspect: As far as wave count, it seems quite straight-forward. The price action appears to be following a key Elliott Wave tenet: the 4th waves are not dipping past the top of the 1 waves and in fact seem to be finding strong support, enforcing the notion that it is exhibiting EW behaviour. One aspect that I'd like to point out is what appears to be a nice repeat fractal of the downtrending ABC wave. Denoted by the areas contained within the vertical dotted lines, we can see nearly identical moves. The first fractal is several orders of magnitude smaller than the second because it is in a lower cycle, contained within the larger 1-2-3-4-5. I have also pointed out what appears to be an expanding flat correction. These can be tricky to play due to the higher high made, and can fool some traders. For a clearer visual on what the 'textbook expanding flat' looks like, go here: ewmizone-kivv0apgntrwrwvhv.netdna-ssl.com The RSI also gives us some nice confirmation: The peak RSI generally occurs during the 3rd wave on larger timeframes. On lower time frames, the RSI throughout the 5th wave makes a new high confirming the idea that the move is the 5th wave, and on the higher timeframes it confirms truncation. The RSI experienced a hard bounce, creating a nice double bottom at all time low. The present RSI movement, highlighted in pink, indicates bullish hidden divergence. Overall, I believe SALT will be a good altcoin to watch over the next few weeks/months. Remember to DYOR, and good luck trading!
SLong
by grimoracle