MASK/USDT waiting for buy entryMASK is expected to go through a minor correction where buying opportunities should be presented. It is likely that we'll see a fast selloff and then gradually increase over the next few days.
Correction
EUR upEurUsd should retest the trend line. This is correction. Overall the trend is down and we might see a new low after the retest.
Berli Jucker Cellox LTD (BJC, SET) still in wave CBJC is still in a downtrend, look and head to old resistance.
SET:BJC
AUDUSD Double Bottom Completed 80+ PipsWelcome back! Let me know your thoughts in the comments!
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GBPNZD It will correct upward 100+ PipsWelcome back! Let me know your thoughts in the comments!
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USDCAD Is Pointing Lower Within Wave C/3Hello traders, we have another important week for global markets as speculators are going to focus on CPI report from the United States, to see if prices are coming down or no. This data will be released on Wednesday, so until then we may not see a log of changes regarding the current trends. We see still stocks in a strong recovery mode with room for more upside while USD can see a sell-off, especially vs commodity currencies which are very strong. AUD, NZD and even CAD can see more upside, despite lower crude. But if crude would stabilize we think that USDCAD has a very good chance to break the support.
From an Elliott wave perspective, we see three legs up, possibly already a completed correction on the intraday chart. Break below wave b swing near 1.2815 calls 1.27.
Grega
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Bitcoin towards 30k resistance areaBTC is printing higher highs and higher lows. As a result, there should be a continuation of a mid-term uptrend. I'd expect the price to reach the 30k area within the next couple of weeks. At the same time, a re-test of the uptrend trendline can take place before the rise.
ZRX Stop Loss huntingThere was a clean bounce off the Fibonacci support. Many buyers consider that a good point for a stop loss, although stop loss hunters are likely to push the price just below the 61.8% Fibs. After that, the uptrend should resume.
PGNY, Best Case Scenario! We keep it on watch.PGNY can bring us a huge profit! It's major correction has been ended? Probably yes. ! Lest follow the analysis to see the details.
As shown on the chart , PGNY has beautifully completed 5 leg up wave from IPO to ATH . This all way up can be labeled as primary wave 1 . There is no doubt about completion of this long term up going wave. Do we have the completion of correction of the mentioned wave at the last bottom? Probably yes. Here we used " Probability" concept to show although low chance , there is still a possibility for primary wave 2 to go further down to 25 USD corresponding to 0.786 Fibonacci level of primary wave 1.
Lets consider completion of primary wave 2 at the last bottom corresponding to 0.618 Retracement level of the all the way up from IPO. In this best case scenario , PGNY has started long term primary degree wave 3 which can push the price up to 120 USD and even higher . In this case, PGNY has recently completed it's minor degree wave 1 of primary degree wave 3 ( There are some variations for wave degrees which we skip for now).
When wave 3 of 3 which is the most profitable wave is going to start? After completion of minor degree wave 2 which can be at 43, 40 or 37 USD corresponding to 0.5, 0.618 and 0.786 Fibo levels respectively. For now all this levels are possible.I give more chance to 40 and 37 prices considering the wave characteristics.
Please note, We are taking about possibilities not certainties . Therefore, first we need a strong bullish sign at proposed supports and second we have to set our stop loss carefully and objectively . If this best case scenario does not happen we can wait for 25 USD to make even more profit in long term.
Good luck every one.
The important levels on EURUSD EURUSD with another drop yesterday.
Right now this move looks weak and we saw fairly big pullback.
To see a continuation lower, it's very important for the EUR not to break above 1,0210.
Confirmation would be a breakout of the previous low and another impulse down.
Trading right now from current price levels isn't a good idea!
(D) WTI Crude Oil Critical JunctureAfter breaking below the 50 & 200DMA, there are two areas of local Support remaining for WTI Crude Oil. First one being the major trend formed by connecting the dips in mid-April 2020 and December 2021 and extending outwards. This trend also intersects the 61.8% Fib support nicely at around $88, which we are now approaching. The Fib retracement was taken from the start of the last local impulse at the Dec 2021 dip (around $62) to the last local high of $129.5, which occurred in early March of this year. I believe we are completing a 3 wave Flat pattern correction, which started from said local high. I am expecting to see a bounce for upside when the chart approaches this intersection (aka critical juncture) of the two supports, despite my expectations of upside in DXY. This would indicate Supply/Demand dynamics of Crude Oil would overrule a strengthening Dollar relative to other currencies. This also seems to be supported with RSI approaching Oversold region.
If she decides to break below these supports, I am expecting to see a smaller time frame correction for downside (as shown by the dashed arrows). However, I am biased against this downside as I'm not seeing the long term Bear case for Crude Oil in context of the rising Demand vs diminishing Supply and Production of Oil in current markets. Only thing that would make me go Bear is if the Dollar strengthens faster than the demand for Oil, or somehow more Supply enters the market, or Oil price reaches the point of Demand Destruction. I don't think we are there yet based on evidence of increased demand for travel and with many countries building new roads and airports. Doesn't seem like we have reached the price of pain for the majority of people yet, and undeveloped markets that get priced out will revert back to coal, wood, and animal fat for energy, but only time will tell.
GBPJPY Headed Downward 100 pips!Welcome back! Let me know your thoughts in the comments!
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Is EURUSD about to reverse?Yesterday EURUSD rejected the resistance below 1,0300.
It looks like we are about to see this pair continuing lower but it is still not fully confirmed.
Today we need to see if there is going to be a lower high.
If the pullback to the upside is strong then we're not selling!
Further confirmation will be a breakout of support!
DENSO CORP look like in wave B ?After reaching 1.382% in January 2022, DENSO has fallen to its old resistance (Currently as support), Will this support can handle it? I think it can't. Now still in correction wait for the price break down to confirm a correction.
TSE:6902
EURJPY 2HHello Traders. The YEN pairs are looking bearish at the moment. EURJPY has reversed after a Double Top and a LTF Continuation Corrections are forming so we know that price will push lower.
