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Correction

GBPAUD Local short and best place to buy Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
15
USDJPN correction expected?I don’t really trade Forex, unless something catches my attention. USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while, Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2. It doesn’t mean it will but according to my analisys, most of the indices look like they they’re going for an upside move. With VIX being overbought as well. The markets might get a bit more positive until November US rates decision. Personally I think we might not get lower than 140. Im not a professional trader and this is not a trading advice. Trading is risky. Always do your own analisys.
Short
by Trinnisia_Trades
4
NZD CHF ANALYSIS hello traders I will share an accurate analysis of the NZD CHF Using waveform analysis and smart money strategy First, the wave analysis The main motive wave is to the downside and now the price is correcting and the correction is still not completed. We have a strong bullish wave and a bearish wave in the form of an ABC pattern. I have to have another strong upward wave Secondly, Smart Money The price was moving in a downtrend and is lower high and lower low Then there was a change in behavior and a higher high . universe Then it is equal high and represents the liquidity, and we have confirmation of price reversal from the block of orders where the price was lower high and lower low and there was a change in behavior and the price was higher high and higher low By 90%, the price is heading to break the level of 0.57000
Long
by ARABTRADERX45
Natural Gas: The supply-demand dynamic is at a critical stageDeutsche Bank reported that in a particularly critical phase is the supply-demand dynamics regarding natural gas towards the winter season, which the behavior of households will be decisive in the coming months, as their consumption represents a large percentage of total consumption. A supply failure is likely to be avoided at least as the scenarios confirm that a 20% YoY reduction in consumption this winter (and flat annual demand thereafter) is likely to lead to some shortages either early in 2023 or the winter of 2023/24. The reduction in Germany remains at 40%, while if demand falls by only 10% YoY stocks will not be exhausted even in such a scenario. For certain, fill levels would fall below 10% in late winter 2022/23, but this would not put energy security in doubt until 2024. The European Commission is working on proposals to limit prices. While negotiating with reliable suppliers, for instance, Norway, and strengthening common markets seem to be the Commission’s preferred options, the idea of ​​a (temporary) price cap on imported natural gas is gaining ground. The greater the potential for the implementation of a cap the lower the success of the implementation of the first two measures. Such an implementation could lead to increase supply risks, depending on the design of such an import price cap which would accompany the mandatory demand reduction. From an Elliot wave perspective, we will examine the Natural Gas chart to see its potential move in the short to mid-term. Looking at the weekly chart, natural gas made an impulsive five-wave rally from the lows, which suggests that low is in place and we can expect a bigger recovery. However, in Elliott waves, after every five-wave rise we can expect a slow down in three waves, so we are tracking now an (A)-(B)-(C) correction before the uptrend resumes. First support is around 5.3 level, while second support would be around 3.5 level. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!
by ew-forecast
1
NVDA, now has a fresh low as was predicted.! whats next?I warned about a very strong bull trap in NVDA on 28th July and now the stock has a fresh low. ! As discussed in previous idea , inverted flats in bear market are among the most difficult patterns to recognize. Lets review published idea first : Now, What is next? As shown on the chart , a zigzag correction is most likely forming in NVDA and the stock is currently in wave 5 of A of an ABC form of correction. Two suggested supports are shown on the chart by green lines. These lines coincide with 0.382 and 0.618 Fibo projection of wave 1-3 from top of wave 4 which are typical for end of wave 5. Suggested wave A which is (most probably) just the first large leg of correction will probably end at these supports. This means that stock may show a considerable counter trend correction (wave B) and a resumption of down trend (Wave C ) after that. It may take 12 to 18 months from now for completion of large degree ABC zigzag form of correction. Picture inserted in the chart was captured from a very useful book written by Frost and Prechter titled : "Elliott wave principle key to market behavior " chapter 1, figures 1.22 and 1.23. As we can see current chart beautifully resembles text book example. Please note this analysis may need update in future since corrective waves may take some complicated forms . Should it need any update, we can do it later. I hope this analysis to be useful and wish you all the best.
NASDAQ:NVDA
by SaeedSajedi
15
Warning ! Possibility of inverted flat and major decline !NVDA has started a rally from the latest low and brought hope for bulls. This rally resembles 5 legs impulsive waves and MAY be a very strong Bull Trap ! Inverted flat corrections are one of the most complicated patterns in bear market. Two pictures inserted in the chart are captured from a very useful book written by Frost and Prechter titled : "Elliott wave principle key to market behavior " chapter 1, figures 1.35, 1.36, 1.37,1.40 and 1.41. Figure 1.37 shows a real example of this tempting wave pattern and major decline after completion of pattern in Dow Jones Industrial Average from Aug to Nov 1973. The key to recognize this pattern is to recognize internal pattern of previous waves. I showed internal wave patterns of previous waves for NVDA and as you see it is very similar to text book examples. I showed two strong resistance zones which can resist against NVDA rally and push it back down to a new low if this analysis becomes true. These resistance zones are related to different inverted flat correction patterns : Irregular and Running . Although there are some clues for recognizing which pattern is developing before the fact by means of Fibonnaci ratios, I prefer to be conservative and take both of them into consideration for now. Please note, we are in the world of possibilities not certainties and the scenario I suggested here is a real possibility . I do not claim that this scenario surely happens but I can confidently warn traders and investor to keep this pattern in their mind . Good luck everybody.
NASDAQ:NVDA
by SaeedSajedi
25
ANKR Buy time #Big bull coinHello traders! Welcome back to another episode with Analyst Aadil1000x. After great success in CHRusdt and WOOusdt we are now buying ANKRusdt for a big bull run. Previously I gave 100% surety for CHR and WOO but this time the surety level is a little less than 100%. Let's see what will happen in this trade as the strong bullish pattern is completed and it is ready to fly and we are ready to move with it. ANKRusdt buy now, its a 0.03036 Stoploss 0.02810(-7.4%) Target 1, 0.03432(+13.1%) Final Target 0.03876(+27.7%) Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
EURUSD H1 analysis Like we said yesterday, the downtrend on EURUSD is still valid and the best trading opportunities will appear as soon as price confirms another downside push. However, it is still early to enter short and expect to see a breakout of the previous low. We are now waiting for the pullback to continue and trick us a few more times. That's why we should reduce the amount of trades and position size before we see a clear setup. We could potentially see a drop to around 0,9750 and then another push higher maybe taking price above the parity level.
by ForexTrendline
3
The 200-week ma on SPX 500 really is working beautifullyDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SP:SPX
by The_STA
1
UPDATE to BTC BULLISH RALLY IDEA with bearish C in progressThis is an update to the following charts still in play, and playing out actually, IF we see a strong rejection at 618 retrace of our last impulse down from 22850 to 18150, which is at the 21k area, coincidentally at the 100 daily simple moving average, I'd be looking to this count. We have had two confirmed drives of daily bull divergence on the RSI, and MACD crossing over bullishly on the daily. Stochastic RSI however is at its highs, and so how quickly it comes back down versus price is a key thing to watch for. Overall concept considers the possibility of an ending diagonal C wave as discussed in the ideas linked above...
by Linneaus