EduwaveTrading

EduwaveTrading

Hi traders, Last week I've said in my outlook for Bitcoin that it could be making a leading diagonal (wave 1) or we could see another move down (ending diagonal blue wave c). This analysis still applies. If price can close above the dotted trendline, it's bullish again. So let's see what the market does and react. Trade idea: Wait for a close above the dotted...

EduwaveTrading

Hi traders, Last week XAUUSD finished the impulsive wave 3, making a new ATH and after that it corrected for wave 4. It looks like wave 4 is finished and rejected from the Daily FVG. So next week we could see more upside for this pair. Let's see what price does and react. Trade idea: Wait for an impulsive move up and a change in orderflow to bullish. After a...

EduwaveTrading

Hi traders, SPX500USD did exactly what I've predicted. Last week I said we could see a (corrective) upmove to the higher Weekly FVG. It depends if the upmove is corrective or impulsive what we will be the move after that. But also fundamentally we could see more longer term downside for this pair. This scenario is still in progress for next week. So let's see...

EduwaveTrading

Hi traders, Last week EU went a little bit more up and rejected from the Montly FVG again. After that it started the last leg of the correction down just as I've said in my outlook. So next week we could see the pullback finish into the Weekly/ Daily BPR and after that more upside. Let's see what the market does and react. Trade idea: Wait for the correction...

EduwaveTrading

Hi traders, Last week EU went a little bit more up and rejected from the Montly FVG again. After that it started the last leg of the correction down just as I've said in my outlook. So next week we could see the pullback finish into the Weekly/ Daily BPR and after that more upside. Let's see what the market does and react. Trade idea: Wait for the correction...

EduwaveTrading

Hi traders, Last week Bitcoin made another move down (blue c-wave) to finish the bigger (grey) WXY correction just like I've said in my outlook. Now it could go up again but the way it's moving is not very impulsive. This could be a leading diagonal (wave 1) or we could see another move down (ending diagonal blue wave c). If price can break the dotted...

EduwaveTrading

Hi traders, Last week XAUUSD finished the corrective pattern and closed above the previous ATH making the wavecount idea invalid. Because the bigger correction only came into the 23.6 fib retracement this can not be wave 2 and this has to be wave 4. So I've updated the wavecount. Next week we could see more upside for this pair. But let's see what price does...

EduwaveTrading

Hi traders, This is the last chance for SPX500USD to go up again. Last week the price action of SPX500USD dropped to the lower Daily FVG and gave a reaction to the upside. So next week we could see a (corrective) upmove to the higher Weekly FVG. It depends if the upmove is corrective or impulsive what we will be the move after that. But also fundamentally we...

EduwaveTrading

Hi traders, Last week EU went a little bit more up and rejected from the Montly FVG. After that it started the correction down just as I've said in my outlook. So next week we could see the pullback finish into the Weekly/ Daily BPR and after that more upside. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. You...

EduwaveTrading

Hi traders, Last week Bitcoin made an impulsive move up through the Daily FVGbut rejected from a higher Daily FVG and dropped again. After that it consolidated the whole week. This could be a Triangle. So after it's finished we could see another move down (blue c-wave) to finish the bigger (grey) WXY correction. Or the (purple) Triangle is the last Y-wave and it...

EduwaveTrading

Hi traders, Last week XAUUSD started up and consolidated. The corrective pattern is not finished yet so I wait for more development. Next week we could see one more move down to finish a crrection down. But let's see what price does and react. Trade idea: Wait for more development. If you want to see more from my analysis, please make sure to follow me, give...

EduwaveTrading

Hi traders, At the start of last week the price action of SPX500USD went up as predicted in my outlook but it could not reach the higher 4H FVG and dropped to the target. The bigger (red) WXY correction could be finished. So next week we could see a (corrective) upmove to the higher 4H FVG. Let's see what the market does and react. Trade idea: Wait for a small...

EduwaveTrading

Hi traders, Last week EU went up just as I've said in my outlook. But I did not expect such an impulsive (almost vertical) move up (wave 3) so I've updated the wave count. Price smashed through the bearish Daily and Weekly FVG (making it a BPR) and now rejected from the bearish Daily FVG higher. So next week we could see a pullback into the Weekly/ Daily BPR...

EduwaveTrading

Hi traders, Let's keep it positive for Bitcoin. So it could be that the last drop was an impulsive wave of a bigger correction. I've updated the wave count. So now we could see a (corrective) move up again to the Daily FVG. Let's see what the market does and react. Trade idea: Wait for a sweep of the previous lows, a change in orderflow to bullish and a...

EduwaveTrading

Hi traders, Last week XAUUSD slowly went up and dropped on Tuesday. I think this was the finish of an ending diagonal wave 5 (grey). I've adjusted the wave count. Next week we could see a correction up to the FVG's above and after that another drop. Let's see what price does and react. Trade idea: Wait for for a change in orderflow to bullish and a small...

EduwaveTrading

Hi traders, Wow! Last week the price action of SPX500USD went exactly to the target as predicted in my outlook. On Monday it dropped and after a correction up it took the liquidity under the previous lows and filled the 4H FVG. I've updated the wave count. Now next week we could see a corrective upmove to the higher 4H FVG. Let's see what the market does and...

EduwaveTrading

Hi traders, Last week EU started impulsive up as I've predicted in my outlook but it could not break the highs and on Wednesday it dropped. Now it could be that this was a leading diagonal (orange wave 1) and price has now finished wave a (grey) of wave 2. In that case next week we could see a correction up and another impulse down to finish wave 2 (orange). Or...

EduwaveTrading

Hi traders, Bitcoin is in a big range. If it wants to go up I think it could come down one more time into the direction of the dotted trendline to break the previous lows. So at the moment we could see more downside for this pair. If Bitcoin wants to make a new ATH it could not go lower than (orange) wave 4. Let's see what the market does and react. Trade...