ETH/USD Bullish ABC PatternC=50-88%AB
Long above 2 bars high after C
Stop below C
Targets: 62-79%AB ; 127-162%AB
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Abcpattern
US 30: Valentine's Day Massacre?All the good news is out. Prices pierced and fell back to TL. Price at 0.62 Fibo now. Sand P also at Fibo just a hair above 2700. Bear flag flying at tip of pennant.
Can it get higher? Of course! 'Pumptards' are capable of infinitely irrational behavior. But will it? That is the question, to be or not to be more! IMO not to be more.
Just an idea; the .62 Fibo retrace on this flag is down at 23K for Dow, that's 2K under current price. Would be a pretty penny if it sells to Fibo. Lotta folks calling for a 'crash' but I reckon an 'M' correction is more likely, the 'C' leg on that would be pretty steep, down at 1.62 Fibo brings 30 under 20K. Notice the expanding 'megaphone' corrective structure- ominous, wide open to lower prices. Expect a double bottom with a steeper drop on the secondary correction after the 'Christmas Crash.'
Has been trending up for 40 days, as of Groundhog day on Feb 02 (Candlemas!). Timeframe for next leg on correction, based on comps from 1987, 2001 selloffs, is about 80 days from bottom-to-bottom: which puts the next low in late March/early April. Then expect super bully in late April into May before a June swoon. Just guessing.
As always, this isn't even remotely anything like advice, just a crackpot harebrained idea. Trade at your own risk and consult a certified investment advisor please!
BTC Long Idea My eyes are looking at the green box. For now, R4 from this and last period look like sexy places for price to go ; )
This is not financial advise.
This is my plan. I plan for it to head to the sexy pivots...
...like if you think R4's are sexy...
AUDUSD 4HR. Bullish Outlook. (Don't Miss This One)If price corrects back down and breaks the low I will be looking to get in long for the long haul!
This has huge upside potential long-term.
Trade with care my friends!
A cluster of confluence align for a short! Reason for entry:
1. Structure
2. ABC Pattern
3. 61.8%
4. 141.4%
btc use wave ideaI think we see now the 5th wave and the abc correction, targets are on the right and colored blue, imho
Possible Correction on Gold XAUUSDAs far as I see, Golds bullish run is on correction right now. There is strong resistance on 1970 area. I highly doubt it will break or even reach that area real soon. So, big ABC correction is what I see now.
To enter this trade I believe it is best for to wait for correction on lower time frame and enter on lower high.
ETH Still BullishEthereum is still showing bullish potential and we can see Wave 2 ending with the ABC correction.
C correction Wave was really brutal but gives new buy opportunities; it's a waiting game now.
Constantinople fork can give a new bullish breakout however I'm not so keen on trading the news.
These trades will be for the long term, I'll close some positions around Wave 3 but the majority will be at Wave 5 targetting $500 price area.
SPDR S&P 500: Some Bull Flags Already HoistedFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
ABC in progress at the end of subwave 5. RSI should indicate the best timing for entry and you can use Fibonacci levels as indicators for your targets/stops.
US 30 in ABC correction: A Bull Trap; expect Lower soon!Wow what an amazing jump! Does it mean the bears are back in hibernation? Doubtful.
Boxing Day's record 1k rally was just an impressive a-leg of an a-b-c minor correction after a punishing 3rd Intermediate wave in the current bear wave. Trend is still Bear!
Note in chart the abc pattern extension to 0.50 Fibo coincides with the 0.618 Fib retracement of the intermediate wave, thus a strong double wave effect will likely terminate the countertrend positive corrective wave (4) near 23,300. (Marked by Pincher arrows)
Wave 4 may not rise above wave 1, which terminated at 23824, this yields a cap on 4th wave rally.
Wave 5 will be stunning and terrifying. Bulls that thought it was all over will panic and despair. Traders who short puts will be wiped out.
An estimate of termination for Primary Wave 5 from Fib extensions yields Dow 19072 at the 1.618 extension. An extension lower is certainly possible.
The Fib spiral for intermediate Wave (3) reveals expected floor for (5) at 20542, for a 1.272 extension, and also curtails the subsequent, expected 4th Primary Wave rally to near 22700, at Fib time projection near 19-21 Feb 2019.
Do not be long in this market! Do not start selling puts for income! I wouldn't sell either puts OR calls short in this market, odds are you will get scared into big losses on both sides. Be patient; be careful! Stay away and save trading capital if in doubt. Risk:Reward very poor right now, risk very high, reward likely low.
As always, this post for education and amusement only and does not constitute investment advice; trade at your own risk! GLTA!
NEM ($XEM): ABC Correction (Zig-Zag)After the BTC had been rising a several weeks, finally Correction began. Now, it seems that XEM successfully finished Impulsive Wave-I and Zig-Zag ABC-Correction is developt.
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Bitcoin ($BTC): ABC (3-3-5) CorrectionRegarding to final retracement zone, the next price movements can be set up.
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Sell the Breakout!Hey Guys! Watch the flag on 1hr time frame and look for impulsive
if no impulsive move than correction can turn ABC pattern
The risk reward is great just trade it with reasonable postion size!
Dont forget to like the post so other people can see it!
Thanks!
Possible Downtrend AMDHi Guys! Look for this upward channel usually this chart pattern is a continuation for the downside and not for upside.
If I have to take this trade I will take it from 26 to have a better RISK:REWARD
To have a high probality on this trade we need to see price action that show buyers aren't in control of the market,you can use oscillators to help you (MACD divergence)
If we see strong impulsive move (BIG CANDELS) we watch for correction on lower time frame than we decide.
ETH is nearing its bottom. Will we get a breakout soon?ETH is a very crucial point.
That is the area between 110-108 USD.
Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD.
Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD.
So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib (93 USD) as the last straw of this bear trend.
USDISK´s ABC correction?So far, as for 24.11.18 USDISK rapid rise was hold by 0.61 Fibonacci retracement which is a great sign. It has been hovering below that level for days. We had a fine 1-5 Elliot waves cycle on monthly and what we are seeing now is very likely to be ABC correction of that cycle. Usually, ABC correction retraces to 0.61 level. If current month (we have 7 days left) closes below that level, the next months, we should see a drop down along the Ichimoku cloud. If November candle closes above 0.61 level, it will be very disturbing for Iceland´s economy, as ISK´s devaluation will continue.
SPY Complex Correction In ProgressWe thought the downdraft in October marked "ABC" on chart was the correction. But... We got another pivot at the .62 Fibo, where B turned, now X turned again.
Looks like we got a larger WXY wave. ABC was the W that formed first bottom. If this pattern completes, expect -33 on the ABC leg to approximate the X-Y leg.
This would put Sand P down around 252. For starters. Let's see how it plays. In my humble opine, we are entering bear market, started 4 October. Sorry!
This isn't advice, it's a half-baked idea, trade at your own risk and good luck!
GVTBTC Weekly Chart GVTBTC weekly chart looking bearish. it is looking in an ABC pattaern and now drawing B wave. it can go to fib 0.618 line and it is also strong support line (about 13900). fib 0.618 level (13900) can be a good buy point. Not a trade advice.
ABC Pattern For GBPNOKTake Profit at 1.618 at D Point
Enter at C Point at 0.618
I am anticipating GBPNOK price to reverse near the 10.58673 price level.
