? Analysis Overview This chart outlines a possible Elliott Wave corrective structure on Grab's daily timeframe. The analysis focuses on the following: Corrective Wave Pattern: - Wave W and X appear complete, with wave Y potentially targeting the Fibonacci retracement zone. Wave Y Target Zone: - Primary target between 4.57 (1.236) and 4.40 (1.382), supported by the downward channel trendline. Bullish Targets Post-Correction: - Immediate target at 6.24, with a secondary target at 6.56, assuming the corrective structure resolves bullishly. Risk Management: - Stop-loss positioned at 4.35 to account for a breakdown scenario invalidating the wave count. ? Indicators: - RSI and MFI suggest the possibility of further correction before resuming an upward trend, providing additional confidence in the projected wave Y completion zone.
I hope you are still buying EUR, if not this is a perfect entry. EUR has cleared a yearly low. It has show a great rejection from the area; now is the r3t3st and the perfect entry. Looking back at DXY chart and EUR chart for the past 10 years, you will find a pattern and that's why I'm certain of EUR strength agsisjt dollar. Same with GBP and AUD. AUD should outperform both of them but I prefer eur and gbp. Dont miss out on this trade. Comment if you have any question or contrary opinion. I want to write more but let me post so you guys will see this on time
The German DAX has corrected by 200 points from its Monday highs, and further declines seem likely. This outlook is reinforced by the Death Cross—a well-known sell signal—indicating strong short-term bearish momentum. Other major indices, including the UK100, US100, and US30, are also experiencing declines. If the DAX is lagging these counterparts, further losses in the German index may follow. Currently, the price hovers near a resistance level around 20,340, which coincides with the significant 38% Fibonacci retracement. For traders looking to capitalize on the current bearish momentum, a more favorable risk-to-reward ratio might be achieved if the price retests the crucial 50% Fibonacci retracement level, located 50 points above the current value.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??" I expect having pulback into box, we can consider bulish trend if the box break
Since the price back again to my last support, then i have to make my clear stand at XRP even more so when it now forms an invert H&S pattern. i love this pattern!
? **EUR/USD Update** Two strong bearish confirmations have emerged on the EUR/USD chart following a brief pullback to a key horizontal resistance level that was recently breached. The price has now fallen below the neckline of a cup and handle pattern as well as the support line of a rising wedge pattern. This suggests further downward momentum, with the potential for a new lower low.
New pattern called Envelope is creating on BYBIT:WLDUSDT chart. Approximate target is shown. Let's see if it plays out :)
TVC:MOVE #MOVE/USDT Analysis 0.5528: A key zone for entering long positions. This aligns with the 0.618 Fibonacci retracement level, indicating strong support. 0.3138: Secondary long opportunity if the price revisits this level, which is close to the 0.786 Fibonacci retracement level. 1.1410: First potential target. 1.4113: Second target if bullish momentum continues. 1.7307: Final stretch target for a strong uptrend.
#DGB/USDT : EURONEXT:DGB The current price is holding above the support area with the trendline, indicating a potential upward bounce. If the price drops further, Zone 2 offers a good buying opportunity in case the price returns to it. The primary target is 0.02885, which is expected to be reached if the bullish momentum continues. Technical Context: Consider buying at the current support level or upon a return to Zone 2.
https://www.tradingview.com/x/QrXxOZj6/ NZDUSD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long NZDUSD Entry - 0.5771 Sl - 0.5747 Tp - 0.5820 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️