first 1940 then 1750gold already completed a wolfe waves on 4H timeframe and came back to its channel but before its continuation for deep bearish move toward 1750 as the target of wolfe wave we believe that a pullback to 1940 will happen as a normal move
this pullback is also aligned with our ichimikou flat kijensen magnetic effect
please share if you have any comments
tnx
Wolfe Wave
buy toward 1.9if pair can move up and stable above purple rectangle depicted on the chart then pair will be ready to start a rally toward 1.9
the trend line and neck line needed to be broken and then we will be rest assured to enter buy
an inverse head and shoulder will help us to be more determined for buy position but we should wait to pair stable above neck and trend line
the target specified by ichimikou
for simplicity i turned off ichimikou and EMA 200
any comments please share
tnx
Iron Mountain (IRM) ..... A Short Term Peak ??Iron Mountain (IRM) has had a 35% run in 35 days.
I have indicated a Wolfe Wave formation which projects a $48 target in early May.
Overlay this with a Harmonic Crab Pattern which is the basis of forming.
(For purists this developing Crab pattern may not meet their more exacting criteria.)
Additionally the indicator in the bottom panel suggests a forming top and needs to roll over.
Nevertheless I would suggest that around the $59 area if archived, may be a good place to extinguish existing positions or even short.
If this doesn't happen then drive on to another situation ,,, never chase.
That's what I will be watching for to take action on.
I will update this as warranted.
Not investment advice, do your own diligence and respect broad markets and World events.
Good Luck
S.
COUP 45m wolfe wave 4/22/2022A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
COUP 45m wolfe wave 4/18/2022A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Long EURUSD. Wolfe Waves technique at attempt.Find buy opportunity now at EURUSD. Wolfe Waves technique at attempt.
TP1: 1.1300.
News:
EUR/USD to advance nicely towards 1.13 by year-end – Nordea
XTZ - Tezos ANALYSISTezos (XTZ) on 4 hour timeframe formed a Wolfe pattern and it is heading towards it first target of $3.22.
The RSI indicator is also forming a divergence which supports it bullishness.
The support trendline is good for building buy/long position a stop loss below it is advised but not tight to avoid being chased out of the momentum.
Tesla (TSLA) ...Time to Power Down ??TSLA has had a good run since (+66% in 40+ days).
Much better than broad markets (approx. 13%)
A Wolfe Wave (started 2/24/2022) has met its time and price projection.
A harmonic projection of possible D reversal points suggests a pause is near at hand having hit our second of three price levels.
Lets let this upward trend play out. Don't fall for FOMO and I'll follow up with reversal targets when the D point appears confirmed.
Not investment advice.
Do your own Due diligence and respect market and world trends and events
S.
short toward 37000main scenario
short toward 37000
why ?
completion of wolfe waves on 4H
a clear divergence on MACD on 4H
price stable below 200 EMA on Daily and 4H
price action about breaking trend line of 1-4 of wolfe waves
indication of ichimikou for bearish move(for simplicity i turned off ichimikou on the chart)
alternative scenario
in case of failure and price goes up and stable inside the channel depicted on the chart and stable above 200 EMA ,the target is 46000
any idea ,please share
tnx