Im observing strength in the USD. With a possible 1-2 1-2 setup, we could be see the start of a new trend developing.
As you might know I am expecting US Dollar strength very soon. Wave ii is almost done, will keep you posted. Please LIKE and FOLLOW to get notification of updates and future posts.
We are almost at the completion of the (B) wave of this unfolding zig zag. Once this mini ending diagonal is complete I will post an update with the trade parameters. Remaining neutral until this pattern is complete. Please LIKE and FOLLOW to receive updates for this and future opportunities.
This looks like the start of wave (C) of wave V - Please see my related idea. Will be tracking the progress of this wave 2 correction as it plays out. Please LIKE and FOLLOW to get notification of updates and future posts.
Getting closer to seeing the (C) wave in wave iii in and ending diagonal for wave II This should be followed by waves iv and then finally v before wave III commences. Please LIKE and FOLLOW to receive updates and notifications. See related idea below.
Due to a decisive break out of the channel it can be assumed that the wave II correction is over and we should expect wave III to commence. It appears that the ending diagonal in wave II ended on the 17th of April. A break below the start of wave i or 5070 should confirm this. A stop should be placed above 5599.
If this is the bottom of bond yields. (See Related Idea) If this is a 1-2 pattern. If this is an ending diagonal in the latter half of the correction. Then we are in for some turbulent times. They cannot keep these rates down much longer. This is a spring loaded knife ready to get violent. Won't be long before we see the end of this.
Just an updated chart in this slightly choppy ending diagonal. Still Looking for a zig zag back up to $1800 before we look for a decisive break out of this channel. Until then I will remain neutral. Please LIKE and FOLLOW to receive notification of upcoming posts.
Talking Waves on the Dow Jones lets see what's happening since the 1930's and bring it all together. Please LIKE and FOLLOW as there will be more ideas coming!
Talking Waves in this video, let see if this idea pans out. We need to see confirmation by seeing the price go below $7635.
This latest move changes the analysis slightly. Looking for wave 3 down now. So instead of this latest move up being an ending diagonal it looks like a wave 2 completed or near completion. Only looking for shorts on this but still neutral. Look for a break below $7635 or previous wave iv for confirmation.
Please Note: I only go based off waves not based off hope. Very important to NOT be be attached to any outcome. First of all I just want to say we have not even seen a complete zig zag yet since the 2017 top. When I see the first zig zag then I will look for the next waves that follow. Also corrections usually fall back to the previous wave iv in this case...
We need to see a decisive break below the previous wave iv of this ending diagonal to confirm a reversal. Stay Tuned! Remember to LIKE and FOLLOW as I have many more updates on the way. See related ideas to see how we got here.
An ending diagonal in an ending diagonal, can't be good news for Bitcoin. Please LIKE and hit FOLLOW, there are many more updates on the way! See my related idea below. Good Luck!
For those that like trading this pair I thought I would give you an idea on what is going on. This large ending diagonal that started in around 1981 is almost complete in Wave V For this entire pattern to be complete it must make one final low below 94.139 before a reversal occurs. Wave C is also an ending diagonal which indicates Euro strength against a weak...
This ending diagonal looks like it is almost complete. We should see a reaction when it hits the psychological level of $1800. We want to see it break down out of this channel before we assume anything.
Wave 2 Almost Complete - Patience Required. Will Post an update when a couple more waves complete.
This looks like a possible bottom in the bond yields aka interest rates. Yet another ending diagonal. Waiting for a couple more confirmatory waves to form before I post an update.