Hi all, Though BTC is moving extremely fast it still seems to reach really proper targets and so far totally respects yesterday's plan. So here's just a quick update to our plan: wave 3 actually got to its next target by reaching a very clean 261.8%, we probably now are in wave 4's retracement which should probably go as far as 38.2-50% or wave 3, which means...
Price has been moving in a down trend the previous days. Now with the new low price has formed, and a break of the previous low, I am expecting price to make a retracement and ultimately form another lower high. Once price broke past the previous low and closed outside of the trend line, price found support at the demand level. If you move to the 4...
we will have a short retracement on BTC and then an uptrend move again to 22k :)
Chart says all. Expect pullback to 3390 to fill the gap at the 0.618. Might turn sooner, ofc. "Bearish Nenstar harmonic, cousin to shark, cypher, bat/butterfly patterns; a Gartley variant. Typically the selloff from pattern completion at D is a .50 retracement" Just an idea not advice; trade at your own risk, GLTA!
This very deep retracement with a rejection in smallest temporality, may gives an opportunity to search a lower level for the DXY
This retracement makes a great opportunity for search new lows.
OVERVIEW The Nasdaq has risen since March without substantially retracing any of the gains. The sell off in September didn't even reach the 0.382 retracement mark but many people now see it as a legitimate correction. This week, equity fund flows have shifted from outflow to inflow for the first time since March. I believe that the market has been in a state of...
This Deep retracement gives a great opportunity to enter for search new lows.
-Ascending TL breakout confirmed, expecting retest -0.618 fib retracement -Strong resistance area
Looking to sell on the back of the broken ascending TL in confluence to our 0.618 fib retracement, previous area of S&R, respectable descending TL, and MA50 which is supporting nicely the bearish momentum. Trade will not be valid if we close ABOVE the 0.618 fib level
Looking for a pullback to retest the respectable ascending trendline in confluence to the 0.618 fib retracement and previous area of support within the hourly structure.
Last trading week displayed huge bearish pressure or weakness of the British pound. There was a massive sell off, with the issues surrounding "Brexit" further weakening the pound. I'm expecting a retracement then a continuation of the original trend. Reason for Bullish move: 1.) Price is currently in a demand zone. 2.) Price broke below the monthly trendline 3.)...
This retracement may goes the EURUSD to a big retracement of the last month.
16.3-16.4$ is at the convergence between the short term 0.68 fib and the macro 0.236, which would make this dilution a perfect timing for a healthy retracement on the next couple of days before going back up with August delivery numbers.
This retracement is a great opportunity to enter for search new highs.
This retracement after the break, may goes for looking new lows
This retracement into the bullish trend makes a great opportunity to enter for search new longs
The break of the bearish trend and after the retracement, makes a very great opportunity to enter long for looking new highs