Continuation of the bullish structure after liquidity sweeps ( triple bottom) To take Doug the target weak high
Timing would be just right for a bullish break up and out of this huge descending wedge some time in the next few days. An upward channel has developed on the 4h chart, which further signals this may be where the price is headed. Please add your thoughts on this idea below.
Been on the Desk Today for Long. Longing this here under 17.150 for a scalp toward 17.600 and 17.800. stop loss 17.020. Note: Not a Financial Advise.
The dollar looks like it’s done bein’ weak and is gearin’ up to reclaim its throne. It hit a bearish target real quick, formed a double bottom pattern at the golden Fibonacci ratio, and on Friday, it completed the pattern. That’s showin’ it’s ready to kick off a new upward wave.
Good evening traders Here we have an hourly chart with some lines that I’ll try to explain, in this set up the ‘WHY’ is the bullish breaker we wanna see the market revisit and I have marked the breaker with a white rectangle and overlapping that rectangle we have two blue line which represents our SIBI/FVG and with this FVG we would really appreciate it if price doesn’t fill all of that gap. The line plotted on the previous low that’s being broken highlights the shift in market structure lower on the 1 hour timeframe
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! ### **Technical Overview** - **Current Price**: $14.35 (approx.) - **Trend Structure**: Elliott Wave count suggests Wave 3 has wrapped up. Wave 4 and 5 are likely next. --- ### **Key Observations** - **Impulse Invalidation Level**: $19.190 → A break above this invalidates the current bearish impulse. - **Bullish Barriers**: - *Minor Resistance*: $15.002 - *Major Resistance*: $17.677 These are the key spots bulls need to reclaim to regain control. - **Crucial Support**: $12.426 → If this breaks, expect more downside—likely toward the final Wave 5 zone. - **Bearish Target**: $9.283 → Probable landing spot for Wave 5 (of C). Could shape up as a longer-term accumulation zone. --- ### **Elliott Wave Context** - A possible running or expanded flat scenario is in play, with Wave (B) topping around the 1.382 extension. - Wave 3 appears to have completed near the 1.618 extension, a textbook zone for this kind of move. --- ### **Potential Scenarios** 1. **Bullish Reversal Case**: - Price reclaims $15.00 and ideally $17.677. - The bearish count falls apart. 2. **Bearish Continuation Case**: - Price stalls under resistance. - A break of $12.426 sets the stage for continuation down to $9.283. 3. **Neutral Scenario**: - Choppy consolidation between $12.5–$15 while the market sorts itself out. --- ### **Strategic Considerations** - **Short-term Bulls**: Watch $15–$17.6. Any strong reclaim could offer clean long setups. - **Bears & Shorts**: Prime fade zone if price gets rejected near resistance. - **Long-term Investors**: If we hit $9.283, that’s a potential loading zone for the next cycle. Trade safe, trade smart, trade clarity.
I fumbled my funded account because of myself It wasn't my strategy but it was my own decisions. I was up 5% stable but then I started scalping and interacted with XAU after I banned myself from poor trading decisions. What Am I going To Do? I recognise my problem was alpha mentality in which I'm looking to be positive every day and whilst I should be waiting for setups to form, I was creating setups. We going to run it up this week again with this on my mind and aim for high quality setups. P.s, if your in a similar position to me feel free to connect with me This week not my news so we might not see so many expansionary moves so another thing to be kept on mind.
I expect that the resistance in breaking the first resistance was completed successfully in the solution, there is no return to the back after it 2 and 3 exits. I expect with RSI a high percentage of success.
After showing a clear mitigation pattern on 2H TF to continue the bearish leg EURUSD created a strong high Giving a clear liquidity partway to mitigate the next bear movement In summary we anticipate a complete bear movement on 30M TF
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