Ok the chart pretty much speaks for it self. I know there are those who believe that ECB will hike in sep-22 but sorry, that simply wont happen. Just because a Seagull can fly doesn't mean an Albatross automagically can. The dollar will crush the Euro, in fact it has already done so since 2009 and it will continue until we are below parity. In fact, or I believe,...
The big picture paints a large triangle dating back to beginning of the financial crisis and that seem to be closing in on its final solution may be one sign that we are approaching the end game of the whole debacle. Right now we are in the final stages of red wave (d), more precisely in Primary wave 5 of cycle c. This wave is a bit tricky to count, I would...
Quick idea in response to the just announced Evergrade default, although not sure it's really public yet. Ok my take is that "what goes around in China, stays in China", the rest and it's really not much, is just a part of investment and capitalism - it has something called a risk element, and it sometimes leads to defaults. Companies default every day around the...
If the current smaller wave retrace 61.8 in to the 4h tunnel I'm long with a stop below the low, open target but crucial to see it break above the current structures high of 114.74 I think 118 is a reasonable target though, if we break and close above said level. If not we may see a rotation down to 112.20/40 support.
Simple trade based on a wave 2 38.2 fib pullback into 1h tunnel, if it gets that far. Possibly, with bravery, the trade could be taken already at 23.6% but it's important the pullback is in 3 sub waves. If not, even at 38.2 we may get a deeper dip into 61.8%, so this is something to look out for before getting into the trade. TP can be any high to the left of your...
If you have seen my other idea for the pair you know that I'm already long from the bottom. So this idea is mainly to show where I may consider to add to that trade. Price finally spiked higher and nudged past my confirmed bullish level, in 5 waves (this is important) and as it did so it also made a bullish impulse noted by 2 sequentially higher highs with higher...
IMHO XRP is setting up for a bullish move. I have a count here that i think we need to complete a wave to down then it will be an implosive wave 3 up.
continuation of UT @ confirmation for trend to UT, probably filling the "gap"