The market is in a neutral zone, so there is no use going down in the timeframes. The primary bull trend may continue after the Daily impulse base (brown) is broken on the daily, but the best chances are in the expansion above the clear H4 breakdown (green). In this case, the weekly target fibo 200 is my target. On the short side, it's more risky now, since...
The Dollar Index is bearish on the daily, within the valid daily countertrend. The H4 long countertrend is also valid, and since in this trend, there is no space to trade, I'm waiting for the market to turn south in the direction of the daily short trend. My trigger is at the H4 breakout. Once this level is broken, I'm in to ride the wave down to the daily...
The waves show the direction, and if this daily candle closes significantly lower than the previous low, and the red countertrend line breaks, we may witness a nice fall in the oil prices. Of course, the OPEC may step in, but the trend is a trend. Let me know what you think in the comments! Stay Patient, Stay Disciplined!
The waves show the direction, and if this daily candle closes significantly lower than the previous low, and the red countertrend line breaks, we may witness a nice fall in the oil prices. Of course, the OPEC may step in, but the trend is a trend. Stay Patient, Stay Disciplined!
Dear Traders, This is my overview of the biggest markets that I daytrade. If you like it, I appreciate your boosts, and feel fre to discuss anything in the comments. Stay patient, stay disciplined! Zen
Cheers Traders, I tried this new format, articulating my ideas. Hope you enjoy it and find useful! If yes, please boost it, and feel free to share your opinion in the comments.
The market has turned south on H4 after reaching the daily target fibo 161.8 We may easily visit the correction space now, 38.2 is exatly at the daily breakout.
NASDAQ has just broken the H4 countertrend with a nice trigger candle, heading towards the H4 target fibo 138.2 and the weekly target fibo levels. Valid until the H4 waves keep going north. Please feel free to share you thoughts on this!
Still not decided if the expansion goes on, or the market goes back to correction. Expansion needs the price to be traded above the daily breakdown (97,775) with waves up. Correction needs price below the clear H4 breakout (92,857) with a nice target of the correction fibo 38.2. I read a lot of forecasts, but don't believe anyone that pretends to know the...
The market is in long expansion phase, so bears may burn their hands, however, the price is at the daily target fibo 100, and there is a nice space for a H4/H1 correction. I wait for a a countertrend break on H4 or below to go with the long trend. What's your take? Buy or sell?
All 3 major timeframes (MN, W, D) are bearish, and the market is in a short expansion phase. The idea is valid while the daily is waving south.
The Bitcoin did a nice run today to the daily breakdown and the short impulse base. Right now, the market is in between a daily breakdown and a H4 breakout - it's a trap for the buyers and the sellers. I go long if there is a new wave above a daily trigger zone on H4 at least, but preferably a daily close above that area. I go short below the H4 breakout.
After reaching the daily target fibo 161.8, the H4 base has fallen, and it seems the the market is turning south again. The fibo levels along with the daily ang H4 breakouts become the targets.
Bitcoin is crawling towards the daily breakdown at 97,775 where it either breaks above and go for 100k or beyond, or it turns south, and below the H4 breakout (92,857) there is a nice chance it will go for the correction Fibo 38.2. This zone for me is neutral. What is YOUR take on Bitcoin?
Hello Traders, I'm a purely technical trader, so I skip the fundamental analysis. If you can and even want, you can add some fundamental views in the comments. From the technical point, every major timeframe shows a bullish trend now and the daily countertrend is broken, so the target zone is marked by the fibo area. Would you buy or sell here? Best, Zen
The EURHUF ha broken above the target fibo 61.8 and the last clear weekly breakdown, so the buyers are in control, and the long term target of the target fibo 138.2 becomes valid. The idea is valid until the weekly structure is broken which give a quite attractive RR.
Dear Trader Friends, Today I'm looking @ S&P500 short at the US open and Crude Oil long after the countertrend break on H4/H1. More details in the video. Let me know what's in your head! Enjoy riding the waves! Zen
Dear trader Friends, I quick analysis on the markets I trade, these times are not the best for a day trader, but we may find some opportunities in minor trends or countertrends. European stock indices are in accumulation phase, US stock indices in start of correction. Gold is minor long trend, looking for short opportunities in the Daily countertrend. Crude...