The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪 After Tesla stock broke out of the parallel channel all the way back in 2019 there was a super solid rally of more than 1500% towards the upside on this stock. You can also see that Tesla just retested and started...
BTC My Trading Plan I don't like personally such a period in trading
The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave X. The secondary scenario (in red) assumes that we will get an ABC correction and therefore we need another leg down (wave ((v))) to finish wave A.
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside,...
Gain 1.71% Loss 0.58% Total = 1.13% Breakout of my Channel and traded pullbacks.
In the higher timeframe, it looks like we are doing a wave (4) down which should be followed by a wave (5) up. However, there is a potential trap in which we might see way more downside as the wave II correction can still be ongoing.
In the higher timeframe, investors should wait for the pullback to buy again.
In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. With Bitcoin retesting weekly...
Establish Fibonacci price clusters identifying important resistance and support, Same Garley pattern. Emphasize important support-resistance points. I set it on the 3 minute chart, it should be able to run very fast, Here is a clip of my analysis to determine the key areas for my entry.
The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).