


BullnBear_Markets
Could see a bottom in the NZ Dairy market, why..... Dairy its their biggest export market. This can also help the fight against inflation and also with GDP as they could see a cool off in the housing/construction market due to Rate hikes. Also seeing A2 and Fonterra companies doing well this last week with good amount of volume and a nice Gap in price indicates...
Could we see this play out, i believe so.. why. With Clean Green agenda our govts are pushing to curb/slow Global warming, Hydrogen powered vehicles has been talked about a lot and is a possible player in the near future along side EV. Platinum basically is currently used in hydrogen fuel cells to efficiently catalyze the reactions, however Iron could be used...
Bear divergence on high time frames. If it closes monthly candle as Hammer, then i would be selling into any pumps. Not a good outlook for this market in the UK and Europe atm. Based on the events in Ukraine & Russia (God rest ones soul) could we see this sector spill further now things are ramping up on a much more aggressive note. My personal Target as shown...
We didn't get the reversal last time, lets see if this reversal will paint. Reversal is a Diamond im anticipating with 2 targets, with a 3rd much lower depending on market conditions. Seeing that Japan intervenes with first support since 1998, this pullback could play out. On another note.... GBP possible bottom and could see UK market rally - if U.S falls....
Charting TOTAL3 (alt market excluding BTC & ETH) vs both BTC & ETH looking very bullish for ALTS. TOTAL3/BTC: 2 scenarios in Blue or Green. This is based on Elliot wave theory in which on lower time frames shows correct counts for this leading to breakout. WEN is the question? TOTAL3/ETH: Break the red resistance line with a retest could start a face melt on ALTS
DONT GET TRAPPED !!! As you can see my TA is based on ABC correction, with a last correction phase left which can be Elliot Wave Expanded Flat or a Triangle (Triangle should not see a LL) In orange I've circled what i believe is the PoC area and should be looked at than any other price action due to volume. Again need more Price action. But i am short from this rip!
Elliot wave 4 im counting here which could form into a Descending triangle and spill to the downside. Downside target imo as shown. Watching for Descending Triangle to form something of ABCDE, imo invalidation would be sweep above A, then would look into another scenario which might be rectangular continuation or could look at Bull case 'IF' it appears, but for...
Simple TA for you. You don't really need to know the technical. Ask if you do. Break the Green box we move up to Red, we break Red poss ATH Lets see where my arrow marks the spot.
Imo Risk markets have priced in the majority of this hike, we could see a bounce off these 2 black arrows which are based Fib retracement that ive pulled from Weekly swing High to Low. If we dont hold the last fib point which is my purple box, we can see capitulation and poss see 10k BTC.
IF we hold this Wave 4... it is looking very bullish for Silver. ABCDE then up!
Air New Zealand is in a Wave 4 consolidation for continuation to the downside. Invalidation is a break to the upside of the purple box.. The catalysis would need to be something much worse than covid. And looking at other airlines it shares the same fate... is it possible could 'they' inflick some type of natural disaster that will disrupt travel?
Nice set up for the short. Poss more downside. But will sit this out until clear direction Head n Shoulders.
Triple Bottom for the reversal on Daily timeframe looking very bullish imo. Hoping to wick the lows, hit 50% fib and up we go. Looking for Volume and possible Gap in price to kick off wave 3, if not then possibly we cold come down again then up.
BTC needs to hold the purple box. if we don't we could see more capitulation soon after. The fib retracement levels in the Wedge will complete Elliot 5th wave. With a reversal at the supported levels on the 15-1Min time frames. If we get this push, we will see 30k very fast. From There we are yet to still decide if this complete run to the upside will be Wave...
Need to hold support shown within the range. Otherwise sweep lows with a poss bottom then Final and Last major Blowoff top, then the real Bear Market begins!
Poss H&S to target 1. Also Rising wedge with Bear divergence on LTF.
Nice PA from KNC here. Riding the last final wave! Poss upside to target shown. Ta done based on Elliot Wave + Fibonacci.
More downside to go. Imo we have a Ending diagonal with Wyckoff Distribution Schematic 4 finishing up for the markdown.