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Impulsivewave

EURNZD: Preparing for a larger descentHello Traders, We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook. As such I expect EURNZD to continue the downward movement. However, if the price goes above 1.81557, my analysis of a drop will be invalid. Cheers and happy trading!
Short
by Samuel124
Unlocking XAUUSD Secrets: Prepare for Gold's Next Big Move!Technical Breakdown of XAUUSD Correctively Reached HTF Structure: The price has reached a higher time frame (HTF) structure through a corrective movement. This structure serves as a significant resistance level observed on higher time frames. Impulsively Got Here: Following the corrective phase, the price made an impulsive move upward, indicating strong buying momentum at that point. Forming Correction: After the impulsive move, the price is forming a correction pattern, typically signaling a potential continuation of the previous trend. This pattern is evident as a descending channel or flag formation. Support and Resistance Levels: Resistance at 2,412.678: A significant resistance level that the price tested but did not break through decisively. Support at 1HR LQZ (2,391.555): A key support level on the 1-hour chart where the price found temporary stability. Support at 4HR LQZ (2,348.039): A more substantial support level on the 4-hour chart, providing a strong base for potential reversals. Descending Channel Formation: The price is currently trading within a descending channel. This pattern often suggests a continuation of the prevailing trend upon a breakout. Key Level Highlight: Break Back Above Lower High (LH): The chart notes that a break back above the identified lower high (LH) would indicate a further pullback. This level is crucial as it may signal a change in short-term momentum. Potential Scenarios: Bullish Scenario: Breakout Above Descending Channel and LH Level: If the price breaks out above the descending channel and the LH level, it may indicate a further pullback and continuation of the upward trend. The price is likely to test the resistance zone near 2,412.678 and could move higher if it breaks through this zone. Bearish Scenario: Failure to Break Above LH Level: If the price fails to break above the LH level and descends further, it may indicate a continuation of the bearish trend. The price could test the 1HR LQZ support level first and potentially move down to the 4HR LQZ support level if bearish momentum continues. Consolidation and Patterns: The chart suggests that the price is currently consolidating within a tight range, indicating indecision. This could lead to a significant move upon breakout from this consolidation pattern. Conclusion: Monitoring the breakout direction from the current descending channel and the reaction to the LH level will provide valuable insights for potential trading opportunities. Key levels to watch include the 2,412.678 resistance zone and the 1HR and 4HR LQZ support levels. A breakout above the descending channel would favor a bullish scenario, while a failure to break above the LH level could suggest continued bearish pressure.
OANDA:XAUUSDShort
by Adlercon333
BTCUSDT Trapped in a DiamondChaikin Money Flow oscillator hidden divergence suggests price action has peaked at supply zone. H4 Overbought. Price trapped by throwing-over diamond top chart pattern by overnight but printing lower high, validating wave (ii). Expecting a profitable impulsive swing downward towards 14.6% Fibonacci retracement level amid 27970, completing wave (iii) @ local demand zone for a potential reaction with anchored VWAP from ATH, i.e. 7% drawdown to a short-term 2D swing trade. Whales maybe sell bulls confidence.
Short
by firmestudio
2
Silver has started a new, major impulsive wave 3.The silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that reached its peak in April of 2011. This entire sequence can be considered as the first impulsive wave in an even higher degree. The second corrective wave ended in March of 2020, with support being found at the 0.236 Fibonacci level. Currently, silver is preparing for what is expected to be the most explosive and unpredictable impulsive wave three in a very long-term scale. Resistance points include: - $24.69 (0.382 Fibonacci extension level) - $26.55 (0.238 Fibonacci retracement level) - $45.29 (0.382 Fibonacci extension level) - $49.83 (all-time high) - $83.11 (0.618 Fibonacci; golden ratio)
TVC:SILVERLong
by joerivdpol
Chiliz Analysis for Mid-TermHi all. lets take a look at CHZ altcoin. according to its growing platform and awsome plans for FIFA World Cup 2020 Qatar. lets analyze it with Elliot waves: CHZ starts an impulsive wave from 18 june 2020 and after end its 1st and 3rd wave its near the end of wave 4th and will start the last 5th wave in coming days. like you can see in my chart we are completing the B wave of 4th wave and it seems to be a Zigzag(5-3-5). after that wave C starts and according to bearish condition of the market i think wave 4th end in 0.16 level , a strong support level near 200MA and 100% level of fibo projection of wave A. after we reach this level i think wave 5th starts and the target is 0.2280 or more. if you take a position or purchase CHZ at spot market please dont forget to set a stoploss below the support level. wait for the end of wave C and after that you can enter this amazing altcoin. hope all of you have good trades and protect your capitals. thanks for reading my idea. share me your opinion in comments and make me happy.
Long
by TraderAmin-KZ
FLUX project , a potential blockchain for futureHi all. we have a long term analysis on FLUX in 1W chart. as you see on my chart after compelete a full cycle of 1-2-3-4-5 and ABC waves we have a potential to start a new impulsive wave. of course this correction may be extend and lasts more. i draw cycle lines (Blue vertical lines) and we see ABC correction lasts 2 cycles and now is in the end of cycle. this means correction last 2 time more than impulsive wave and have a potential to reverse. for the end of ABC correction we have a lot of reason and levels like: 1-we are in the range of recent impulsive wave 4 2-we see a strong support level there(i show it with a purple rectangle) 3-recent impulsive wave fibonachi retracement 50% level 4-wave A projection 200% fibo level 5-POC(point of control) is here. so i think this altcoin have a lot of technical potential for amazing growth. if we see this blockchain website,we found it good protocol with amazing roadmap. runonflux.io what we need is a liitle good news for inflation this week... have good investing and dont forget to manage your risks. !!!NOTE!!! MY POSTS ARE NOT TRADING AND INVESTING ADVISE SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Long
by TraderAmin-KZ
CMBM Preps for Successive Pump and DumpsCambium Networks Corp has undergone a steep 77% drop in value over the past year. What may seem like a red flag for many investors seems to be a safe play for me (and the Digital Surf Trading Community). In Elliott Wave speak, the current patterns at play for this stock are likely that of a Wave 4 (Extended Flat correction) where (c) wave has completed a rare drop to the 2.618 fib, compared to the levels of Wave 4's (a + b) waves (see totality of Wave 4 in yellow). Considering the size of Wave 4, Elliott Wave Theory suggests that we are due for a test within the range of the red box. With Wave 3 being tremendously extended, Wave 5 is likely to be a volatile move filled with sizeable upside and downside swings. With good timing, this stock could prove to be a scalper's favorite for the next year or so. Within the DSTC catalog, generally I like to document and follow stocks with a minimal 20x trajectory however due the current nature of the markets, not many of our premium mappings are ready for action yet so 5-10x will suffice for the time being. Like this idea and comment below should you get active and become profitable as a result of this idea.
NASDAQ:CMBMLong
by DigitalSurfTrading