Using supply and demand, on a weekly chart BIG is retesting a key weekly demand level. Using standard RSI, we can see that 40 has not been broken below. I will then go to a daily price chart to identify when negative divergence of RSI, that is price making a lower low but RSI making a higher low. I will time my entry based upon either a 240-min chart or a daily...
On a daily chart, Etherium appears to have completed a Wave 4 pullback. Momentum shifted from overbought to oversold and now momentum is shifting back to the upside. High volume of buying came in on 02/27 which we look to continue to propel higher. For a conservative entry, wait for a close above a 4-6 SMA on a Daily candle. Stop below the low at 236. Wave 5...
Using Elliott wave on multiple timeframes from 4 hour to a Daily Chart, I have isolated the wave count. The British pound has finished it’s Wave 4 pullback and setup for a LONG
Wave Analysis for wave 5 long continueation. I am targeting 3107-3101 for key reversal area with a target of 3137-3142
15, 30, 60 minute charts all indicate wave 4 pullback setup opportunity into the painted retracement zone. I combine market profile with Waves in order to seek good locations for entry. Price needs to cross below 3075.75 to meet the minimum retracement. There is a small zone at 3079.5-3078. This will make a good day trade opportunity but seems likely price will...