Get started

ABC

EURUSD, Long possiblity that may last for weeks.Hello ladies and lads, there is a good opportunity in EURUSD. I have described the situation briefly in the following lines: 1- Pattern: 5 wave pattern (motive) of C of Bigger ABC. 2- Fib zone: 1st wave projection from end point of 4th: 3.00 3rd wave projection from end point of 4th: 0.382 4th wave extension: 1.272 3- Indicators: MACD : showing a Divergence that occurs mostly at the end of a motive wave. DT Oscillator: I have used 8.5.3.3. as the configuration for DT in EURUSD's chart. both Daily and Weekly charts are in oversold position and their signal line has been crossed upward. 4- Trade Trigger: 2-5 pips above 1.18842 5- Invalidation and stop loss: 2-5 pips lower than 1.18060 6- Take Profit: First tp can be 1.19753, but the potential is much more if conditions are met. I will update this part later. This is it. I would be glad if I could hear your thoughts on this. You can ask me any question you have! Thanks for your time, hasta la vista!
Long
by HunkIsHere
USDJPY ShortHello ladies and lads, hope u all are doing great. Based on Elliotwave theory, we probably are right at the end of B of ABC correction pattern. But yet still we do not have a sign of a reversal at the time, but i can see there is a high chance that we see reversal signs that confirm this story for our USDJPY. I have left the tools that i have used to find a Time and Price PRZ, the square that is RED, on the chart itself so you can hover over and see what i think is happening here. for the last thing, it is nice to mention that DT oscillator in Daily time frame is in Over Bought situation. I would be glad to hear your ideas on this Idea of mine. and feel free to ask your questions. thanks for your time. Good luck
Short
by HunkIsHere
ETHERIIUM - ABC Consolidation? 65% move coming?!Etherium just did a -61% correction to the fib 0.618 zone and bounced up 60%! Here, in the 6H, it met resistance at the lower 55EMA threshold (blue line), signaling that it will NOT make a move to break the ATH ($4.3k), before making a lower-low first. Therefore, ETH may be in an ABC consolidation. Look for possible support ~$2.1K. A bounce here could go as high as $3.5K (65% move). Resistance here makes sense - this is the upper 55EMA threshold (blue line). From here, a possible drop of -68% - consolidating to $1.35k. This happens to be fib 0.786 and AND old resistance line from Jan 2018! Wherever this bottom falls, it will be the cheapest ETH will ever be. It only goes UP from here folks! Note: This is just an opinion. Good luck in your trades!
COINBASE:ETHUSD
by moneypenny275
2
ETH, first week of summerWe found some resistance around the 2900 usd area which is where the 34 Daily EMA is located and also the fib level of 55% from the swing lows. I am expecting an ABC move to the upside and the area between 3500-4000 usd area. This is just an indication, please check my other analysis below and also other crypto traders in this platform so you get a full picture of the highest probability. But remember, when many people predict the same thing and targets, this may not happen. This is the reason i go for 4000 price target and not anything below or above. If you are wondering what my retracement levels are, please check my previous publication. Stay safe!
BITSTAMP:ETHUSDLong
by DEFI-trader
GET OUT OF MARKET NOW - sell off to come lacklustre bounce I have decided to pull out of being long for the time being - seems like too much overhead supply and not enough legs on this bear bounce, another leg down in strong capitulation style should clear the weak hands out before the bull run could resume....BEWARE IT COULD BE SURPRISINGLY SHOCKING Its done a AB but no C leg down and it will probably extend further than wave A down Get out and collect back in on the sell off
Short
by Aussie-scalper
GOLD (XAUUSD) 30min - Zigzag up ideaI think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave. So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves. Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.
OANDA:XAUUSDLong
by fra978
1