Hi guys,
So to following of anterior projection, still valid, precise and exact :
On coinbase less volatility conducted on the lateral extension of the trend line but the behavior remained the same. we bounced a little :
We indeed bounced near target zone on past resistance now became support on BFX.
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We had huge volume on the projected end of correction
Macro are still bullish and very healthy. HL on daily MACD :
Weekly still keeping his bullish crossover :
If we indeed bounce on white line support i might go long on everything
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Short term :
Im looking for an ABC or a linking pattern that will make the transition before bigger pattern. To remain valid the wave C must reach A price levels and must be made of 5 wave
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Still same major and macro target zone. still behaving like i project. Consistency is the key. Better read and understand this before i update this scenario to not loose key element with further updates. I expect a raise in volatility.
So to following of anterior projection, still valid, precise and exact :
On coinbase less volatility conducted on the lateral extension of the trend line but the behavior remained the same. we bounced a little :
We indeed bounced near target zone on past resistance now became support on BFX.
___________________________
We had huge volume on the projected end of correction
Macro are still bullish and very healthy. HL on daily MACD :
Weekly still keeping his bullish crossover :
If we indeed bounce on white line support i might go long on everything
________________
Short term :
Im looking for an ABC or a linking pattern that will make the transition before bigger pattern. To remain valid the wave C must reach A price levels and must be made of 5 wave
_______________
Still same major and macro target zone. still behaving like i project. Consistency is the key. Better read and understand this before i update this scenario to not loose key element with further updates. I expect a raise in volatility.
تم فتح الصفقة:
Im looking for a stop (C wave completed) at 6520-6540 price zone on BFX chart. not playing this. Watching.
تم فتح الصفقة:
great ! this is the kind of structure I want to see for a C wave of an expanded flat ! :
تم فتح الصفقة:
last 5th ! Remember i said * Im looking for an ABC or a linking pattern that will make the transition before bigger pattern. To remain valid the wave C must reach A price levels and must be made of 5 wave* & *(C wave completed) at 6520-6540* :
This is exactly what we have here.
This is exactly what we have here.
تم فتح الصفقة:
C reached ? need to take micro time frame chart :
Would work with fibonnaci ratio and elliot rules about running flat :
• Wave C = 61.8% – 100% of wave AB
Would work with fibonnaci ratio and elliot rules about running flat :
• Wave C = 61.8% – 100% of wave AB
أغلقت الصفقة: تم الوصول للهدف:
short term target reached 6520-6540 zone. ended at 6535 :
تم فتح الصفقة:
So the bounce is still shy (Im using coinbase chart this time). Compare this present MACD with the one in the original post. I said that the optimal form for MACD was a double bottom on 4H :
Its look like an ABCDE but I just want us to focus on something more simple. we must keep the double bottom AND the trend line. Both goes together. I dont reject a retest at the lower trend but if this retest is not rapidly bought I draw what could possibly happen.
Im stick with bulls for now
Its look like an ABCDE but I just want us to focus on something more simple. we must keep the double bottom AND the trend line. Both goes together. I dont reject a retest at the lower trend but if this retest is not rapidly bought I draw what could possibly happen.
Im stick with bulls for now
تعليق:
fact is alt chart look all like they are in a major bullish pattern
تعليق:
Watching it because this is where I might take long positions like I said earlier in this post
تم فتح الصفقة:
too much latral extension to be a flat. Not 100% sure about the outcome of this pattern but simply keep an eye on the support. Much easier to position ourselves when unsure. It could be a bearish triangle pattern but the RSI doesnt reflect like it (SHS form should reflect on RSI with triangle pattern) that makes start the count where i start :
On 4h hours chart :
On 4h hours chart :
تم فتح الصفقة:
daily update:
Again. Projected the good short term move since the beginning of the week. But what lacks my projection is the outcome because right now I dont know how to name it. So I will naviguate with trend and MACD :
Not an easy week for TA but overall succed to project short term move
Again. Projected the good short term move since the beginning of the week. But what lacks my projection is the outcome because right now I dont know how to name it. So I will naviguate with trend and MACD :
Not an easy week for TA but overall succed to project short term move
تم فتح الصفقة:
again this move was projected. happened not too long after my update :
now lets watch
now lets watch
تعليق:
using linear chart. It gives us a bullish triangle when you add the recent impulse to it it makes the count start like this :
if lower support break. We gonna retrace entirely to lower support :
if lower support break. We gonna retrace entirely to lower support :
تم فتح الصفقة:
still moving as expected. Watch lower support"
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