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EURUSD Div Invalidated, Alternate tagged perfectlyOn July 2nd I put out a video, discussing being "Stuck in the middle", and mentioning the Bearish Monthly Ichi structure. I admittedly was thinking EURUSD would be Bearish for the week, but I did mention where I'd be invalidated; A break above the descending Daily Forecast Line. We did just that, broke the Daily Forecast, and proceeded to move to 1.112 and more, which was my anticipated alternate target. In this video, I show out next anticipated levels above, using Ichi Forecast Lines, as well as Ichi Wave Theory.. and the invalidation areas to the downside, should the market choose lower, versus higher. As always, good luck, have fun, and practice solid risk mgmt. P.S. -- When mentioning the Divergence, I say "Lows", when I meant "Highs"... so forgive me for that confusion.
Long
by mrjones2020
NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min Brief analysis: HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ . In-depth analysis: NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1. Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold. Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e. Target measurements: 100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212. 50% Fibonacci extension of wave 1 through 3rd wave at 3261. Nearby high of wave B at 3167. We will update further information soon.
NSE:HEROMOTOCOLong
by forextidings
EURUSD, stuck in the middle In this video I go over EURUSD from the Monthly, down to the 4hr. Monthly is Bearish Weekly is Bullish but with my favorite Bearish Div Setup. Daily has seen a HH-LL-LH-LL ABCD type formation, all this after my fav setup (Div w/Kijun break) on the weekly... So cautiously Bearish. 4hr shows some downside targets using Ichi Wave Theory, should this divergence play out. As always, good luck, have fun, practice solid risk managment. PS... Last 4hr target is 1.067... not the 1.076 my lysdexic ass stated :wink:
Short
by mrjones2020
Anticipating a Significant Drop After One WeekDear Traders, I regret to inform you that the last wave of #CHFJPY still needs to be completed. Based on my analysis, I expect this completion to occur around the range of 163.9 to 164.4. To mitigate potential risks, I highly recommend taking some hedge positions for your sell positions. It is advisable to allocate at least half of your lot size for these hedge positions. Additionally, please ensure that you set your take profit level at 163.9 and place a stop loss at your entry point. I have provided a rough map indicating possible future movements. While it may not be entirely accurate, it can give you an idea of suitable points to consider initiating hedge positions and setting take profit levels. For the upcoming week, it is crucial to prioritize account safety and remain cautious. A significant downward bearish trend is anticipated to commence soon. To assess the future profit potential, I suggest monitoring # OANDA:XAUJPY and # $OANDA:XAUCHF. #XAUJPY has already reached the end of wave 5 in the bullish market, while #XAUCHF is poised to experience wave 5 in the uptrend. Consequently, these indications strongly suggest that JPY will likely gain strength in the near future. By employing hedge positions, you can safeguard your account during this period. Wishing you a safe week ahead, with the anticipation of substantial profits to come. Best regards,
Long
by USTC2021
1
AUDUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
BTC/USDT Bullish Trend There are number of psychological factors that make it very easy to assume that it is what you don't know about the markets that causes your losses and lack of consistent results. join me here as I coach you to rethink again. Let prove to you that the consistency you seek is in your own mind and not the market. When you look at BTC USDT chart we can see a sudden break out to the up side a few days ago, bounced from the support level, which coincide with the support zone This rally to the upward impulse higher of this level and zone, was to confirm the presence of the Triangle structure. I encourage you not to worry if you missed this rally. join again at a retest between the 50% and 68% fib level zone when market gives another entry. place your target around 34000 to 35000.
Long
by oxxygee
1
Gold Bearish Development From the chart, we can see that the price is moving within a bearish channel for the the past weeks. Price already created a strong resistance zone near 1968 and continue to hold which is a clear indication that this bearish movement will hold. The last zone of support will be near the base of the channel after completion of the bigger WXY and it's internal degree abc. hold your short position or open a short position at a god entry point with your target at 1888.36 Good luck
OANDA:XAUUSDShort
by oxxygee
Bitcoin Analysis - 2023.06.15INDEX:BTCUSD CMP: 24955 BTC has completed wave 4 (black color) - which is a triple three WXYXZ (blue color) type of correction - around 24770, which is also the top of Wave 1 (black color). - Confirmed by internal wave counts of WXYXZ. - Hourly TF shows positive RSI Divergence - Hourly TF shows early indication of MACD crossover with MACD line crossing above signal line - Hourly TF shows increased volume One can go long from here for target of 30800 - 32300 - 34600. SL should be daily close below 24800.
INDEX:BTCUSDLong
by MalayKJ
#BTC BULLISH FLATHello, TradingView Community! Today, I want to talk about a critical structure in Elliott Wave Theory: The Bullish Flat. This pattern is part of the 'corrective wave' group and often signifies a temporary interruption of an uptrend. Understanding its structure can be very beneficial for both swing and day traders. Here's an example chart showing a Bullish Flat. Structure: A Bullish Flat consists of three waves - labeled A, B, and C. Waves A and B consist of 3 sub-waves each, and Wave C consists of 5 sub-waves. Wave A: The first wave, A, is a corrective move to the downside. However, it's typically not as intense as a primary trend reversal. Wave B: Then comes wave B, which is an upside move. Interestingly, in a flat, wave B ends about the same level that the preceding impulse wave ended, meaning it retraces almost 100% of Wave A. Wave C: Finally, Wave C comes into play, another move to the downside, with a structure similar to an impulse wave. It ends slightly below the end of wave A before the overall uptrend resumes. Identifying these structures accurately can offer profitable trading opportunities. By entering long positions at the end of Wave C, traders can capture the next impulse wave in the prevailing bullish trend. Remember, no pattern provides a guaranteed outcome, so always use other forms of technical analysis for confirmation and manage your risk effectively. Stay tuned for more Elliott Wave Theory insights and happy trading!
BITSTAMP:BTCUSD
by optimizedtrading
Hellena | GBP/USD (4H): Short after wave 5!Last week, there was a strong channel breakout that changed our plans! Interestingly, I still expect the price to reach the option contract level of 1.23973 in the future, but for now let's focus on closer targets. I anticipate that Wave 3 is not yet complete, so I expect Waves 3, 4, and 5 to follow. Then, I anticipate a correction to the level of 1.27422. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
2
ELECTROSTEEL CAST - AN INVESTMENT PICKHEY FRIENDS, Here I am sharing my views on ELECTROSTEEL CAST (NSE). First we understand the overall past structure of this stock as per ELLIOT WAVE counts. The stock was in double correction phase in the Wave structure as WXY which is now completed and now we are in Impulse wave structure of 1-2-3-4-5, in which Wave 1 and 2 are completed and now we are unfolding bigger wave 3 of impulse wave 1-2-3-4-5. The overall structure is given below Now as per price action and chart patterns, the stock has given a breakout of FLAG N POLE Chart Pattern with good intensity of volume in weekly time frame. This pattern suggest that the stock may move towards north approx. to the size of pole. As we see that there is bullish bias for this stock, the supporting indicators such as MACD, BOLLINGER BANDS and DIRECTIONAL MOVEMENT INDEX are also in our favor in double time frame. MACD in Daily Time Frame - Positive Uptick MACD in Weekly Time Frame - Positive Uptick At the time of Breakout, the Price is Challenging Upper Bollinger Band Directional Movement Index is also Positive Uptick in weekly time frame Summary- The Stock is in Uptrend and now this stock is ready as BUY ON DIPS so one can add this stock in their portfolio at any dip you get with the Stoploss of 26.50 RS Thank you -KARAN DINGRA DISCLAIMER - I am not a SEBI registered analyst. All my studies are for educational purpose. I am not responsible for any kind of your profits and losses.
NSE:ELECTCASTLong
by KARANN_DINGRA
2