WLUNA attempting to rallyA small sliver of hope, WLUNA is responding very nicely to fibs and has formed a clean impulse wave to the upside from it's low of 0.000065 based on the projection of miniscule 1&2 I'm assuming a 2.618 extension for miniscule 3, and a retracement to 61.8 in miniscule 4 with an estimated target of around 0.00385.
Impulse
Weekly Trade Recap: EURJPY, SILVER 05-22-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
EURJPY: Out for BE
Full analysis/forecast:
SILVER: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
NZDJPY Same Potential Bearish Price Action, Watch for Sell
Hi traders:
Also eyeing is NZDJPY for the possible bearish sell opportunities.
We can see from the higher time frame that the price has reach a potential high, possible double tops.
Price created this expanding structure and from the top of the structure, we can see there's a bit more lower time frame development.
No further bullish price action, instead, a reversal development, and price does look bearish on the lower time frame.
Watch for sell confirmation, if price can impulse down further, and form bearish continuation corrections, then it can push the price down more.
Thank you
SPX - Second BULLISH PLAN for the SP500Hello traders,
Today we are analysing the S&P500 where you can see everything on the chart.
**Like my previous analysis on S&P500, we are BULLISH, but for a different plan (the other one is a WXYXZ)**
After just finishing the ABC pattern , we might be entering the 5 purple of the V orange.
Therefore we have arround 4 objectives:
1- 4526
2- 4920
3- 5046 (strongest)
4- 5560
Tomorrow we will have the retail earnings, and it look very bullish for Walmart, Home Depot and Target, so it will be one of the factors why we will have big green candles this week!
Have fun and don't hesitate to look the other idea on S&P500 linked below
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And comment if you have any suggestion !
SOYBEAN Can Push Higher, Watch for bullish development
Hello traders:
Also have SOYBEAN on watch from the commodity market.
We can see from the HTF:
Price is potentially forming a continuation correction after the previous bullish impulse phase up.
On the lower time frame, we can see the bullish continuation correction a bit more clear. With a few swing highs and lows, price made a descending channel and correct the price down to the last swing lows.
Latest development shown a lower time frame impulse up from the descending channel, and formed more continuation correction.
Expect the price to continue higher, and possible breakout of the larger correction, and more continuations to form to impulse up on the higher time frame.
Thank you
BITCOIN Higher Time Frame Outlook
Hello traders:
Once again we are at this current development of BTC where its possible to have different bias and perspective.
I will breakdown the 2 possible scenarios, and how to look for the bigger play in the near future.
Currently price has manage to break above the lower time frame correction,
but it should be confirmed with a continuation correction to validate the upside move.
But, the lower time frame correction can easily continue to develop,
and ended up with a bearish correction to move down once more.
If that's the case, price once price moved to the previous lows, or the bottom of the higher time frame correction,
its good idea to wait for bullish reversal price action at the bottom, and look for long term buys to the top.
Will see which of the 2 scenario will happen, and capitalize accordingly.
Thank you
BITCOIN Where To Buy ? Save This For Future Reference :)
Hello traders:
Crypto market has been dropping hard in the last few weeks, and many have asked me when is it to start buying again.
Lets take a detail look into BTC from the higher time frame perspective.
We can see after the initial bullish impulse phase of the market, price naturally develops into a larger correctional structure.
We are getting a few swing highs and lows, which is good to identify as a correctional structure.
From the all time highs area, price formed a double tops, ascending channel, and H and S to give us confluence of the sell.
Price continue to impulse down and follow by lower time frame correction.
We are not yet at the previous swing lows, so what I forecast and suggest is price can consolidate once more,
and push the price down to the previous higher time frame lows, which could complete the overall structure.
Once price reach the bottom area, its important to wait and see if any bullish reversal price action will form at the bottom.
Those confirmation will be important to see whether the price can resume the previous bullish impulse phase and expect another upside move from the price.
I will be updating this chart as we go on next few weeks/months :)
thank you
Jojo
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me (Jojo), my channels/platforms (Aeris Trading) to scam people.
Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money.
Be alert of fake and scam channels/groups/platforms using my name (Jojo) and channel/group name (Aeris Trading) to show unrealistic results and profits to sell you scams.
AUDJPY More Bearish Price Action, Wait For Sell Confirmation
Hello traders:
Also on watch are few JPY pairs as they mostly are showing good signs of reversal bearish price action.
Here on AUDJPY, from the HTF, we can see price has break above a previous highs, but no signs of continuation price action.
Where as on the lower time frame, more bearish price action has developed and form.
We see an ascending channel and price indeed reverse impulse down, and formed more continuation correction.
Now that we have another bearish impulse phase down,
would be interesting to see if price can form more continuation correction after breaking the previous lows, in order to confirm more downside opportunities.
Wait for that confirmation before placing entry orders, if not confirmation or continuation correction, then no entry no trade.
Thank you
NASDAQ More Downside Possible, Watch For Sell Setups
Hello traders:
Looking at most of the US Indices market, they do seem rather bearish and could possibly continue more downside momentum.
From the higher time frame, we discussed the possibility of a the bearish market since January
Where as on the lower time frame, we continue to see more bearish price action.
From the previous bearish outlook/forecast, price indeed push down to the previous lows, and continue down
Now that we see a clear impulse phase that broke the lows, good to wait more continuation price action to form, to confirm another impulse phase to the next lows
thank you
NASDAQ Can Push Lower, Look For Bearish Continuation
Hello traders:
Since last wee we have been seeing bearish development on the lower time frames across the indices market.
Here on NASDAQ, we can see the HTF ascending channel was completed, and strong bearish impulse phase down.
After hitting a previous lows, price begin to consolidate into a possible continuation correction.
With a few swing highs and lows, double tops, price did reverse down on the lower time frames.
Since there hasn't been a significant continuation correction, that's what we can wait for to confirm another move down to the previous low.
Be on the lookout for bearish price action to form correction and look for the sell down.
Thank you
SPX500 Look For More Bearish Move Down
Hello traders:
Similar like NASDAQ bearish outlook that I shared, we can also see SPX is showing good signs of bearish continuation down move.
from the HTF ascending structure, price had a clear impulse move down from it. Naturally price will correct and form into consolidation if the bearish momentum is still there.
We then see an expanding structure has formed, together with a double tops, and price indeed reversed down from it.
Now, the latest development has shown a consolidation within the larger expanding structure, this can possibly lead to another down move once the consolidation finishes.
Thank you
USDCAD Continued Higher, More Chance To Buy ?
Hello everyone:
Nice to see USDCAD has play out perfectly on the higher time frame and lower time frame to continue its bullish price action.
Starting from the higher time frame,
We can see price has formed a larger continuation flag structure, with a clean double bottoms, and price indeed pushed higher.
On the lower time frame now,
we also see an impulse phase follow by a continuation correction, with a lower time frame double bottoms the impulse the price up.
Now that we see price is at the top of the continuation structure, it be good idea to wait and see if the price can form another lower time frame correction here, to confirm more upside potential.
Wait for the confirmation of a bullish continuation correction on the lower time frame, and look for more buying opportunities to the next highs.
Thank you
USDCAD Bottom Of Structure, Watch for reversal
Hello traders:
Looking at USDCAD and its current price action for the possible bullish move up.
On the higher time frame, we can see a clear impulse phase up, and a larger, parallel channel like correction that has been going on for many years.
Price is right back to a double bottoms, and there is a lower time frame bullish reversal impulse.
Now lets take a look at the lower time frames, we see a similar correctional structure after the bullish impulse up.
These are good signs of multi-time frames that have the same direction and bias, can further strength our outlook and overview view.
Now that on the LTFs, we see a small, double bottoms, and a descending channel. Price has indeed reverse up from the descending channel correction.
To confirm more upside, wait for another LTF continuation correction to form, to validate the next up move.
Thank you
EURCAD Bottom of Reversal Structure, Watch for buy
Hi traders:
EURCAD could be shaping up for the buy that we have been patiently waiting for.
We can see a larger, higher time frame descending structure, correcting the price.
Within the correction, many extra confluences to give us a multi-time frame analysis.
We see a falling wedge, price formed a lower time frame descending channel, and there is a strong impulse up.
To confirm more upside potential, wait for continuation correction to form within the wedge for a high Risk: Reward entry,
or
wait for price to impulse out of the wedge, and look for same bullish continuation correction for a safer entry.
Thank you
EURGBP Ready For More Up Side ?
Hello traders:
Also eyeing EURGBP for the bullish reversal price action.
We can see from the higher time frame, after the big impulse phase up, price falls into an expanding structure, correcting the price.
We then see a large, descending channel, move the price down correctively to a double bottoms, and bottom of expanding structure.
Latest development shows a strong bullish impulse phase from the lower time frame, good signs of bullish momentum
To confirm more upside, price needs to consolidate and form into continuation correction before giving us the confirmation to enter for more upside.
Thank you
Weekly Trade Recap: EURCAD 05-07-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 1st- May 6th.
EURCAD:
First Entry: -1% loss
Second Entry: Running Position +2%
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
NZDCAD Bottom of price action, watch for buy again
Hello traders
NZDCAD once again has hit the previous lows and start to form bullish reversal price action.
From the previous forecast/analysis, price had the impulse up but did not break above the descending structure to continue.
All that mean was price wasnt ready for the upside yet as we are still in the larger descending structure.
But now price has made its way back to the bottom, and hitting the bottom of structure, potential double bottoms.
Latest lower time frame did form reversal price action, so be good idea to wait for
bullish continuation correction to form and complete, in order to confirm the bullish upside.
Thank you
NZDUSD Bottom of structure, reversal coming
Hello traders:
Lets take a look at NZDUSD, and how its latest development can give us great bullish opportunity.
After a strong bullish impulse up, price falls into this larger, higher time frame descending structure, correcting the price.
We can see the latest development has hit a previous lows, possible double bottoms.
The lower time frame did have a strong impulse move up after, good idea to look for bullish continuation corrections to confirm more upside from the price.
Thank you
Weekly Trade Recap: NZDJPY, CADJPY, GBPAUD 04-30-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between Apr 24th- April 29th.
NZDJPY: 2 positions out for +4.2:1 RR Profit
Full analysis/forecast:
CADJPY: -1% loss
Full analysis/forecast:
GBPAUD: -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
NASDAQ100 Confirms Bearish Reversal, But Pullback Can Be NearHello traders and investors!
Stock market is closed today due to Easter holidays, but we want to share an interesting development on technology sector NASDAQ100.
NASDAQ is turning back down in current risk-off sentiment, which may last for some time, as we see a new intraday five-wave bearish reversal from the previous highs.
In Elliott wave theory, every five-wave reversal suggests a change in the trend, at least for short period of time. After every five waves we can expect a three-wave corrective pullback before a trend continuation.
Well, as you can see, NASDAQ100 clearly shows a five-wave drop from the highs that can be slowly coming to an end, as we see it trading in wave (v). So, ideally we will see some support formation in the projected area early next week that can be followed by a three-wave (a)-(b)-(c) corrective rally back to 14300-14700 resistance zone before we will see a bearish continuation.
Be humble and trade smart!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
FTSE100 Bearish Incoming, watch for sell
hello traders:
Lets take a look at UK100 and its current price action development.
From the higher time frames (HTF), we can see that price is currently in the a larger, ascending structure correction, consolidated for quite some times now.
We did see price pushed down during the early march, and now price is back to the top where the previous highs and potential top of the structure and area.
Now on the lower time frame (LTF), we can see more possible bearish development, potential double tops, smaller, ascending channel, correcting the price up to the top.
Either look for price to commit down with a bearish impulse, and look for continuations after to confirm.
Or
a possible short term up move, to the top of structure, and if there is bearish reversal price action, it can also confirmed the downside move.
Thank you
GOLD Short Term Interesting Development
Hello traders:
I have been patiently waiting for price action on GOLD to develop into something I would like this see and capitalize on.
On the higher time frame, we can see a double tops and price reverse down from the all time highs.
Throughout previous few weeks, I have been discussing the possibility of price move back to the previous high to possibly form into a continuation correction.
Now, it seems price has indeed done that, moved up correctively within the ascending channel, top of the current structure.
The last thing we need to wait for, is whether price can commit to the downside, and formed further bearish continuation correction to valid this forecast/setup.
If price does not push down, and instead push higher and formed bullish continuations, then it will invalid this forecast, and no entry, no trade.
Thank you
AUDUSD More Continuation Downside
Hello traders:
We can see AUDUSD has been pushing down since the beginning of April, and there could be more opportunity to sell.
After the initial bearish impulse phase down, price naturally formed into a correctional phase.
With a few swing highs and lows, price created an expanding structure, as well as a double tops.
The latest development indeed shown us a strong bearish reversal impulse from the top of the structure, and has confirmed broke below the ascending structure within.
Now we just need to wait for continuation correction on the lower time frame to confirm further downside move.
Thank you
