BTC is at currently at the top of a bear channel which formed after a high displacement move to the downside. It is also at a bearish Order block. Sample trade I took with a high R:R. I take trades the second they conform with my idea and do not wait for any confirmation because I would rather take a small risk and high reward trade then wait for confirmation and...
Weakening structure formed bear flag At resistance RSI divergence in 1 hour 4 hour and daily However- could be possibility of short squeeze but I think enough bulls are trapped for sell off With the world at war- everyone is looking to short so keeping that In mind before placing trades- this could cause short squeeze Refrain from shorting until clear lower lows...
Here is my trading plan: Bearish divergence Market Structure shift to downside 1hour FVG Displacement downwards Bearish channel I can see 1 more push for liquidity and trendline retest - maybe news based
This is my trade idea going into 9/19, waiting for a pull back then looking for longs, with stop loss as previous swing low, about 3 rr.
Here is a trade idea I think may take palce, If ES breaks through swing high with displacement, I will not short. However is ES breaks swing high with low displacement I will take this trade and wait for a FVG to form before aiming for first swing low as target
Hey all, ES is in the retracement (accumulation) phase right now as it is completing an ABCDE triangle after the completion of ABC retracement. This is a typical pattern that is called a double retracement. I can see Es going to 4300 zone before pull back and the eventual start of wave 3. I do see high volatility right now so I am cash until further confirmation...
As we saw today ES shot up as predicted to complete Wave 3 of the corrective ABC wave. Wave 4 looks like an ABCDE triangle, which sets up one last wave 5 before the downward trend begins. I am looking at shorting opportunities and I think there will be many fake outs at this time so I will trade very carefully and with great risk management. I expect choppy...
Hey all, ES looks like it completing its wave B of ABC retracement wave. This B wave was a complex TRIPLE WAVE combo including a ZIG zag, a ABCDE triangle, and another ZIG ZAG and during this time I believe a lot of stocks where sold by MMS, now it will be pushed higher one last time before downward Wave 3 begins. Comment and boost Follow for more analysis.
Here as I previously believed, ES is moving up with its ABC retracement for one last liquidity grab before a downward move. Waiting for C wave to complete and catch the beginning of the downward third wave. I predict it will be choppy this week and Wednesday and Thursday will be big movers because of FOMC meetings.
ES seems to be going up for its last liquidity grab as a 3 wave ABC zig zag structure before labeled in purple. After which it most probably get rejected by the high seller pressure in the 4200 region. and complete the 2 second wave of a larger timeframe and start its third wave downwards into the 3900-4000s. This wave 2 structure also helps destroy shorts...
This will most probably be the last liquidity grab (Uptrend) before a big sell-off into the 3800s, I am expecting an ABC wave retracement to take place for the last liquidity grab in the 400s and then a wave 3 that will bring us downwards into the 3800s. Take a look at my macro analysis for further details. As I mentioned if ES goes above 4200 region, I am...
here is a trade idea that is a continuation of my previous idea. The idea will be invalidated if Wave 5 high breaks (Stoploss), I can see the market going down from here into at least the 3800 range! Feel free to take a look at my macro analysis for a broader understanding of the market structure. Right now in the 15 minute, a head and shoulder pattern formed...
Hey All, Here is an elliot wave analysis for the MACRO market structure also using SMC and supply demand. I see the ES going down to grab liquidity before it begins its wave 3 (black) upwards towards ATH. This coincides with 2024 election as well which will bring the stock market into ATH and then continue onward to wave 5 to break 5000s in the next years. Please...
Hey All, Here is an elliot wave analysis for the MACRO market structure also using SMC and supply demand. I see the ES going down to grab liquidity before it begins its wave 3 (black) upwards towards ATH. This coincides with 2024 election as well which will bring the stock market into ATH and then continue onward to wave 5 to break 5000s in the next years. Please...
Here is a possible trade idea with high R:R, ES completed its 5 wave structure to the downside (it may still go further down wards before ABC reversal), which will be one last liquidity grab before the market goes down significantly (wave 3). The waves I drew are not precise but just an idea of how the market structure may move. As you know you can never predict...
Again I am waiting for wave 5 to complete to the downside as we wait for the FOMC meeting, which may be a catalyst for liquidity grab and burning shorts, before a long wave 3 downwards. Take a look at my sample trade, and here is a scenario that might take place, however I make sure to always utilize price action and wave analysis before placing any trade. Feel...
SPY is in a ABCDE traingle wave and this is a trade idea if it breaks to the downside Price target is in green I am expecting a reversal and liquidity grab tomorrow after FOMC meeting to the upside then a wave 3 downwards to maybe 400 region.