If the first support holds, BTC could form a strong 3rd wave. Latest LONG entry after breaking the 10.000 resistance and making a higher high.
DAX reached the resistance area. Waiting for a red weekly candle to confirm the short continuation.
GBP/USD reached the support zone after forming a double top at the resistance area. It might go lower, testing the fibonacci levels of the recent long trend, or bounce back and break the double top formation after a short squeeze.
EUR/USD correction might not be over yet. Looking for short momentum around 1,246xx to 1,49xx Falling back to support zone at 1,22xx
The DAX is forming a possible ABC correction in the wave X2 The wave B could be finished around 13.450 at the end of today (100% in time of wave A) Hence the TP for long trades is around 13.450 / 13.500 same time looking for resistance and short momentum in that area.
Longterm perspective: still in an ABC correction with an overshooting wave B Long target around 14.000 (161.8% Fibo extension from wave A)
After activating a Head and Shoulder pattern we see a triangle on the 1H chart indicating a sell continuation. First target around 38.2% Fibo / old support zone.
If the count is correct then WTI is in the 5th of the big 3rd wave, right now building the small correction wave 2 of 5 Because of the lengths of the 1st wave (of 5) it looks like price is working on an extended 5th wave. Which makes sense if the big 3rd has the target around the 161% fibo extension level. Short term the marked could retrace until the 60$ zone ...
In the very long term view WTI might be in the 3rd big wave, expecting a new ATH in the next years.
Looking for short entry levels today around the 50% and 61.8% Fibonacci. Splitting the take profit into long and short term goals. Good luck!
Following yesterdays post (The DAX in a very large picture) we see a possible ABC correction pattern in the daily chart. Target around 50% Fibonacci retracement, also A=C
With the recent all time high, the 5th of the big 3rd wave might be finished. What follows is a big correction into the 4th wave, retracing until the 23% to 38% Fibonacci level. It could look like the move in 2015 - wait for confirmation in the daily chart.
After a breakout of the triangle we see an ABC correction, a possible retest of the breakout which should stop around 13.020 The BIG C wave might not be finished yet and price could fall until 12.8XX to finish the correction. However over 13.070 we are back in the trend, old target around 13.500 (see older posts) are still on the table.
Price might reverse in this area, waiting for SHORT confirmation
Wave 3 (3) could have an end in the 161% Fibonacci zone of wave 1(3) forming a small double top (W4(3)) then braking through into W5(3)
ETH could be in a strong 3rd wave - potential target at 161% Fibonacci extension of 1st wave