AsproTrader

AsproTrader Updated 

Price opens at 50% of the previous volume area before yesterday's close and starts trading up out of that volume area. Entry was on the break above the first 15-minute candle looking for a target of the fair value gap @100.469 (70.7 IR \ 100 APP Confluence) or @100.580 (78.6 IR). Profit Target 3:1

AsproTrader

At the open this week, the price continued its decline below the 138.2 % fib Wave B Extension @103.65 and we hope will continue down to the 161.8 % Wave B fib Extension @103.50 to complete the wave B of an Expanded Flat at which time we will anticipate bullish price action.

AsproTrader

A weekend glance at the DXY on the daily chart shows a three-wave ABC decline from a high @107.27 to below the Daily internal fib retracement of 38.2 % @104.27 down to a close on Friday @103.74. On the 4-hour chart, the price has hovered around the Daily 38.2 % IR performing close and retest while appearing to create the start of a possible Expanded Flat. Should...

AsproTrader

After the completion of the Zig Zags decline and a small triangle on the 15-minute chart, the price turned bullish. Should the price stay above the large - Daily Order Block @4375.00, I would anticipate the next target to be the Previous Day Open @4393.25 and WTL C confluence.

AsproTrader

Last week price completed an Ending Diagonal Pattern Wave (E) @150.773 and began to decline. The high @150.773 was above the previous start of a much larger Wave A decline on the 4-Hour Chart @150.146 03 October, 09:00 EST. The rapid decline from the Ending Diagonal Wave (E) with a sharp pullback for a minor Wave B appears to have set up for a further decline of...

AsproTrader

The 24th of October brought about a morning decline @149.318 to start a five-wave impulsive bullish move @149.922 and for the rest of the afternoon and evening price has been forming a Symmetrical Triangle pattern which appears now to have completed for which we will anticipate more bullish price action into Wednesday October 25th.

AsproTrader

Today we witnessed the completion of a minor wave D within the current ending diagonal pattern with a retracement back into the wave D leg of 38.2 - 61.8 percent. Price not staying below 38.2 percent would lead us to anticipate a bullish continuation to the upside to target the end of the pattern at wave E around the 150.500 area.

AsproTrader

Price has continued to grind higher in a pennant or wedge since the end of the October 3rd Expanded Flat Wave B @150.156 and the end of the Expanded Flat Wave C @147.228 on the 4-Hour Chart. This 5-wave pennant or wedge may be signaling the end of the current uptrend of the last major Daily 5 wave pattern and the completion of the Monthly Wave B of a much larger...

AsproTrader

The monthly price appears to be in a corrective (a)(b)(C) pattern with Wave (b) extending beyond Wave (a) producing the second leg of an Expanded Flat. The external Fibonacci projection from the Jan 2002 high @ 134.970 to the Oct 2011 low @ 76.266 is between 144.133 to 151.407 where we will anticipate completion of the Wave B expanded flat and the beginning of a...

AsproTrader

Today we are looking for a break below yesterday's low of 4408.75 as the first target. Succeeding in that, we will be looking for the price to continue down to 4383.50 which is the 4-day average. Additionally, 4400.00 is of course a psychological area where it is anticipated orders may reside. *Beautiful price delivery as anticipated.

AsproTrader

It has taken some time today, however, the price has managed to reaccumulate and provide a manipulation peak for the day at 4436.75 before beginning a continuation of the bearish trend. Today we are looking for a break below yesterday's low of 4408.75 as the first target. Succeeding in that, we will be looking for the price to continue down to 4383.50 which is the...

AsproTrader

2021.11.19 Analysis Daily Chart Daily Bullish Bias remains on break above market structure point B @4723.50. Since 2021.11.10 low point A @4625.25 price has not had a 50% retracement to qualify for a change in market structure. Therefore overall Daily Bias remains Bullish. 1 Hour Chart 7 hours after the break above daily market structure @4711.75, price has...

AsproTrader

* Ignore previous analysis * This is the replacement analysis * Last outlook we anticipated to have a normal Elliott Wave 5 to the downside. However price had a sharp pullback for an EW: 4 and then completed the 5 wave bearish pattern with a low of EW: 5 at 31084. 40 . Price then traded in a Zig Zag Pattern to form a corrective EW: A. The current analysis is that...

AsproTrader Updated 

Last outlook we anticipated to have a normal Elliott Wave 5 to the downside. However price has continued to trade sideways in a Zig Zag Pattern. Price has not traded below the March 19, 2021 low which completed the Wave 3. The current analysis is that on June 22, 2021 price completed a final WXY Zig Zag at 29563.05 and exactly 6 months ago to the day when price...

AsproTrader

Bitcoin appears to have already completed Wave 4 on the pullback of the Wave 3 May 19th low. Price then traded in a sideways Zig Zag which I believe will end in a 5-3-5 Zig Zag where the last 5 waves of the 5-3-5 Zig Zag will form the wave 5 of the much larger Elliott Wave Count down to about 20000 for Bitcoin. Good Luck and Safe Trading!

14:49

AsproTrader

Lets have a look at recent price action where BTC failed to move higher into the possible ending of the corrective wave 4.

10:21

AsproTrader

Our Sideways Flat Pattern continued over night and now we have a clearer view of the impending price action.

10:44

AsproTrader

Possible flat pattern in current sideways price action on the 4 hour chart. I take a deeper dive to see what is going on from an Elliott Wave Analysis.