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Longopportunity

ETSY, Another successful prediction using Elliott waves !It was unbelievable talking about 70 USD as a major low when it was at 166 USD or even at ATH (See related ideas) ! however we predicted it carefully and time proved the power of our analysis. Also I warned about possibility of a major fall when it was near ATH as my worst case scenario : This is not to give myself a compliment ( Although some may believe I deserve it) . This is to provide you an example which shows the power of Elliott waves for major predictions ,of course, if used correctly. Please note I do not claim that predicted upside move began from last major low will continue and it will not make a new major low. As written in the chart, there are some alternative scenario for now. For example a wave X can be formed which connects two corrective patterns however, as amount of Retracement in ETSY is enough and acceptable there may be a time correction in future considering general market condition. And please note this is not a LONG position recommendation since ETSY is now far from last major low ( Although it may go higher) If you are going to open a long position in this stock it is wise to wait for a major correction and Retracement. It is worth to keep in mind usually wave 2s Retrace much of wave 1. This means if being patient enough ETSY can be bought in lower prices. Good luck everybody.
NASDAQ:ETSY
by SaeedSajedi
20
HBAR looks primed and ready!I Feel like I am posting a lot of wedge formations at the mo but I presume that is because a lot of coins have been following btc. This chart setup looks lovely from my perspective! we have the higher low red trend line as major support and is being respected with some nice sharp rejections. also an enormous falling wedge formation which looks textbook with each trend line being respected with good rejections. The latest rejection on the upper trend line looks softer then the previous which is a good sign. A pullback now to 0.23 will be perfect for entry after confirmation before HBAR breaks out impulsively.
Long
by colbTA
XAUUSD Currently Resistance on Daily ChartThe Price of gold at 1833 crashed on the 4th of August 2021 during the Institute Supply Management Economic Event. XAUUSD crashed further the following week till it reached the Major Support level at 1680. Price reach 1933 on more time, during the Non Farm Payroll Economic event which it reacted and the price of Gold fell to 1723. Now XAUUSD is currently at the Major Resistance that can be seen in the Weekly and Daily Chart. The probability that price will break the resistance without any Economic event is 7/10. Areas to be watched out for are 1845, 1860, 1900. Until then Cheers. Risk management is Utmost, as the Market is always right!
FOREXCOM:XAUUSDLong
by oceantutor1
1
NASDAQ - In this area you can establish a long position!My last update: "The Nasdaq is strong! The price continues to increase and we could see this movement continue up to 14225 points. Here I actually see the end of the wave and a correction up to the target should give us the opportunity to establish a position again. However, with that much power, we can also see a direct breakout. To do this, the price should stabilize above 14225 points. In this case, I also have to do a more aggressive count and adjust the targets upwards. In the overall view I see the Nasdaq around 15269. I expect the current upward move around 14225 points to switch into a correction. However, if the Nasdaq holds levels above 14,225 points, another breakout must be expected. Now the Nasdaq reacts clearly to the resistance at 14147 points, where the wave still have reached a good target. Should the market succeed in falling below the 13979 points sustainably, we can slowly focus on the target area around 13700 to 13500 points. Accordingly, the expectation of a direct breakout over 14225 points has been reduced to 40%. The intermediate correction would be very welcome, so that we can build up further long positions. Conclusion: a small intermediate recovery is more likely and can start today with a fall below 13979 points." Nasdaq daily market update: In the Nasdaq I see the price primarily approaching my target area. This is between 13696 - 13554 points and offers a good opportunity for long positions. From there, the Nasdaq can gain new momentum for a bullish impulse over 14220 points in the direction of 14440 points. But in der overall view I expect even higher prices. Actually I see the index grow to over 15260 points. In this case it is important to stay above 12954 points. H1: H4: For my followers to understand my analysis: The topic is only described very roughly and is intended to give you a first overview of one of my analysis methods. 1. An impulse always moves in five sub-waves. Waves 1, 3 and 5 of these are motive waves that move in the same direction as the overall trend. Waves 2 and 4 are corrective waves, i.e. they correct the previous movement. The following rules apply to an impulse: -Wave 4 must not overlap with wave 1, except in a diagonal. -Wave 3 is never the shortest wave. -Wave 2 must not fall below the starting point of wave 1. If one of these rules is broken, the chart analysis must be revised. 2. A correction wave moves in the opposite direction to the overall trend. Corrective waves are three-part and basically consist of waves A, B and C. Waves A and C are primarily impulse patterns of the corrective movement and drive the market in the opposite direction to the overall trend. Wave B corrects the previous wave A and even has the potential to surpass the starting point of wave A. 3. The standard pattern consists of an impulse wave and a corrective wave. These standard patterns repeat on a short-term basis as well as on a multi-year basis. In other words, every single wave consists of several sub-waves and in turn belongs to the larger picture. For example, wave 1 (an impulse) itself consists of five sub-waves. This standard pattern continues and accordingly always merges into a higher level. 4. Relation Between Fibonacci and Elliott Wave Theory Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave: Wave 2 is typically 38,2 %, 50% or 61.8% of wave 1 • Wave 3 is typically 161.8% of wave 1 • Wave 4 is typically 23.6%, or 38.2% of wave 3 • Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3 You can use the information above to determine the point of entry and profit target when entering into a trade.
CME_MINI:NQ1!
by TizTrader
10
NIO long opportunity!NIO received a PT upgrade of 80.3 this morning by Nomura. It has a nice descending triangle on the 4h/Daily chart and it looks like today might be the day to breakout. NIO like Tsla has been cooling off for the last week or two. With EV market being what it is I think NIO can make a move back to 61 lvl in the next two weeks. I will be watching todays price action to swing $60 calls for 2/5 expiration. - 4h chart is sitting nicely right overtop of 20 & 50 SMA - we have resistance at the 59.05-59.17 lvls with 30m/1h/2h SMA's if we can clear those then I think we can begin a NIO rally - We also have a nice LVN at the 59 lvl where the SMA's are, breaking through 59-59.20 lvl will serve as a catalyst through and on to 61-65 range Will be looking to enter this trade with stop loss at 56.50. Depending on price action I would like to scale into the trade and with confirmation over the previously mentioned SMA's I would add more contracts. *TSLA is reporting earnings january 27th, this NIO play can also benefit from some solid EV news. never know though because it's TSLA.... *Levels provided by EliteOptions
NYSE:NIOLong
by DOpeTrades