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Masterpattern

Uptrend Continues in MAS Good Day, Hello Traders, See how beautifully it is following Fibonacci Levels as the rounding bottom is completed Now the next targets lined up are 909/ 971 / 1048 / 1188 Time Frame: Daily Hold for 8 to 12 months. It also depends how market behaves, however the trend and the sentiment is bullish . Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:MASFINLong
by Piscean17th
Reason why I am bearish on 10Y T-Note#ZN1! #10YearTNote #Weekly #CBOT - I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly. - In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure. - With that said, I am weighing more on the possibility that the bullish wave from 130’25’0 to 135’15’0 is an 5-3-5 ABC corrective phase and this scenario becomes a bit more solid if bottom of the blue channel fails supporting. - While expecting another corrective wave, a major confluent zone to keep an eye on is the red circle on the chart. This is where an inner downward trendline, a neckline (green trendline), and 0.382 retracement level overlaps. - However, entering long here seems quite risky considering the RR ratio. Also, if the potential neckline (green trendline) breaks below, I am way more bearish expecting widening/broadening pattern. - Those aggressive traders willing to take the risk here (buying at red circle), make sure to set a tight stoploss. I would rather be patient and wait until the price action gets confirmed and enter short if the trendline fails supporting. - Here are some of the decent areas to enter long position if the H&S case is likely after observing failure of support at the neckline: 128’5~129’5 and 124’9~125’9.
CBOT:ZN1!Short
by Tommy_Trader
1
Possible Scenarios for Bitcoin#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more plausible and credible. All the cases here were interpreted assuming that the all-time high at 65K(on Binance Chart) is the start of a corrective waves, either as 5-3-5 corrective wave or 5-3-5-3-5 impulsive wave(regarding it as a wave A). - First of all, let’s look at the scenario A. The swing low formed at 7/21 has been considered as the end of the 5-3-5-3-5 yellow bearish impulsive wave, and thus a whole green wave A. Then the bullish wave structure after that low can be interpreted as green wave B. In this case, Bitcoin is going through yellow wave B of the green wave C and their target prices are 50.8K~52.0K(valid until 8/18) and 53.3K~54.5K. - Similarly, scenario B also indicates that Bitcoin is forming green wave B currently, but is a bit different that the start of the yellow wave A is at the low formed at 6/22 rather than 7/21. If bears become more dominant from this current price, we can target yellow wave B within the green wave B, at 36.5K~37.7K(valid until 8/29) and 32.8K~34.0K(valid until 9/20). - Scenario C is one of my bearish counts, viewing that yellow bearish impulsive wave is still ongoing. Adapting the Elliott wave rule that the micro wave 5 of the macro wave 3 cannot be truncated, I have comprehended the low at 6/22 as the yellow wave 3. Hence, the upward wave after becomes yellow wave 4. In this case, we have to make sure that the recent high doesn’t overlap the end of yellow wave 1 which means if Bitcoin succeeds to make higher swing, this counting becomes invalid. The yellow wave 5 can be targeted at 32.8K~34.0K(Valid until 9/20) and 25.6K~26.9K. - My bullish scenario is the last one. Here, I have considered the current circumstance that the green ABC corrective wave is done and we are now on a new bullish impulsive wave. Whether the end of the green wave C is the low at 6/22 or 7/21, the bullish wave structure can be interpreted as an impulsive wave. In other words, Bitcoin is on yellow wave 3 or 5 of the green wave 1. If Bitcoin shows some bullish movement, the target prices of the green wave 1 are 50.8K~52.0K(valid until8/18) and 53.3K~54.5K. On the other hand, if we observe failure of the swing high, then green wave 2 is to be targeted at 36.5K~37.7K(valid until 8/29) and 32.8K~34.0K(valid until 9/20).
by Tommy_Trader