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Correction

Last stand for BTC BullsThere is a lack of a clear impulsive structure to the upside which makes it difficult to clearly say whether or not the price action is bullish or bearish . This is the only real bullish count that would pave the way for new all time highs. If we assume that ~17,500 was the bottom then we are looking at an impulse in minor 1 a complex correction in minor 2 and a three of three extension in wave ((i)) of 3. The price rejected at 24,666 which is the 1.618 of W in the bearish count so in order to consider this current move a wave 3 we would need to see that pivot get cleared. Price below 20,670 will invalidate the bullish impulse since wave (ii) will have retraced >100% of wave (i). It's important to note that the volumes are very low for a wave 3 which casts doubt on the bullish count.
COINBASE:BTCUSD
by HelioHelix
SNOW: The sun looks to melt this awaySnowflake Short Term - We look to Sell at 193.62 (stop at 220.84) This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Our profit targets will be 132.14 and 120.00 Resistance: 194.00 / 240.00 / 320 Support: 130.00 / 110.00 / 80.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:SNOWShort
by VantageMarkets
2
SP500 In A Corrective Phase Ahead Of Jackson Hole Good morning all. The markets are slow with stocks stabilized a bit ahead of the Jackson Hole event. The USD bulls also slowed down for a pullback, but technically and fundamentally we do not expect any changes till we get full details and reports from Jackson hole, which will be during the weekend. However, there is still Prelim US GDP and US Cor PCE releases before the Jackon Hole is finished, so this is something that can impact the markets as well since we know that officials are tracking the data very closely. From an Elliott wave perspective, we see USD in an uptrend, with room for more gains while SP500 can see a deeper pullback into wave 4 to complete an A-B-C structure. Overlap with 3952 will be bearish.
CME_MINI:ES1!
by ew-forecast
1
DXY importance to current setups!Just a bit of a reminder to always cover risk and never forget market structure. This is why I have already taken some profit on AUDUSD as the US dollar is still on a bull run in the longer time frame.. been a forex trader is about creating the best opportunities and limiting the amount of risk, this is why I believe the way I trade and analyse the market works so well for me because I understand that the market has a mind of its own and you have to treat it like that!!
TVC:DXY
by jamison_fx
SGFY: Sell the rumour, buy the news!Signify Health Short Term - We look to Sell at 29.83 (stop at 33.46) There is market rumour that Amazon, United Health and CVS are interested in buying this company. This led to a surge in the stock in premarket. We are trading at overbought extremes. A lower correction is expected. Bespoke resistance is located at 30.00. Selling spikes offers good risk/reward. Our profit targets will be 20.04 and 18.00 Resistance: 30.00 / 34.00 / 40.00 Support: 20.00 / 16.00 / 12.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
SShort
by VantageMarkets
1
NZDCAD Correction to 50% FIB then SHORT!Welcome back! Let me know your thoughts in the comments! **NZDCAD - 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
Short
by BKTradingAcademy
Peak to Trough, Anatomy of a Market CorrectionThere are a lot of discussions about whether or not the 2022 corrections bottom is in. This idea attempts to compare the 2022 bear market correction with 2008. Peak to Trough, the 2008 GFC lasted 17 months. The 2020 and 2022 corrections were both nearly identical in price, but recovery in 2020 was assisted with QE while 2022 face increased tightening. The problem with comparing the 2 corrections is that 2008 was a crisis, and 2022 as of yet, is not. The Great Financial Crisis (GFC) was plagued with bad Sub-Prime mortgages in Mortgage Backed Securities (MBS) and Collateralized Debt Obligations(CDO) that turned record profits into crushing losses for lenders. In 2008, Bear Sterns was bought by JPMorgan for $2/share and the Lehman Brothers filed for bankruptcy of 620 Billion in Debt, 7% the size of the Fed Debt. Zoom out and you see the 2022 Trough found support at the 10Yr Regression Trend from 2009-2019. Is the bottom in? Difficult to tell, hard the future is to see. I'll update the chart when a turning point occurs or continue to reach for all time highs.
SP:SPX
by SPYvsGME