Examining the NASDAQ (US100) through the lens of Elliott Wave analysis, we observe that the index has potentially completed the cycle with Wave (5) and is now embarking on a corrective phase, denoted as Wave (a)-(b)-(c). Currently, the start of Wave (c) seems imminent, traditionally known as a strong downward move. We're targeting Wave (c) to potentially extend...
The XAUUSD chart is showing an intriguing setup for a bullish continuation. We've observed a completion of Wave (4) at a strong support level, indicating readiness for Wave (5), typically the final leg in an Elliott Wave motive sequence. Currently, XAUUSD seems to be in a strong position to move higher. Using the Fibonacci extension tool, I've identified the...
BINANCE:BTCUSDT experienced a drop from the resistance level, tested the support level, and rebounded successfully. The market continues to find support within the range of 60000 to 61000. Currently, the market is moving within a descending channel, but I believe it will break out and move upwards as the overall trend is bullish. There is a consolidation zone...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently testing the bottom of this range, which suggests that it may be poised...
Today, I'm analyzing the US30, and my Elliott Wave analysis suggests we might be nearing a pivotal moment for a potential downturn. From the chart, we've seen the US30 follow a clear Elliott Wave pattern, culminating in what appears to be the end of the fifth wave. The market seems poised for a corrective phase, which typically follows after completing an impulse...
I'm currently examining the BTCUSD chart and have identified a compelling pattern suggesting bullish momentum. We've recently completed a classic Elliott Wave sequence with the price completing Wave (4) and gearing up for Wave (5). Wave (4) ended near a strong support level, setting up a great scenario for Wave (5) to take off. I'm projecting potential targets...
I've been closely monitoring USDJPY and the pair shows promising signs for a bullish continuation based on Elliott Wave analysis. From the chart, we can observe that the currency pair has completed Wave (4) of its cycle and is gearing up for Wave (5). Wave (5) is often the final push in the direction of the prevailing trend, and based on Fibonacci projections,...
I've been scrutinizing the EURUSD chart and it looks like we're seeing a compelling setup for a potential short. According to Elliott Wave theory, the pair has recently completed Wave (3) and is beginning to form Wave (4), which is typically a corrective phase. Currently, the price is oscillating and could retrace to key Fibonacci levels associated with Wave (4)...
Our USDCAD analysis suggests a downward trajectory as the pair completes a corrective pattern marked as Wave (b). Observing the Elliott Wave structure, we are currently at the start of Wave (c), which typically follows Wave (b) and could extend significantly downward. The chart indicates that Wave (c) may target the 0.618 Fibonacci retracement level at 1.36079,...
The price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, characterized by a series of lower lows and lower closes. FX:GBPAUD broke through the significant level of 1.9000. Currently, the market is consolidating around this level, with a notable resemblance to its previous price action. Looking left we...
“Bears have had ample opportunity to re-take control of the trend, but ever since the low printed on the NFP report, bulls have been making their way back,” Stanley said. “This week saw a break of the falling wedge, which takes on a similar appearance as a bull flag, and this keeps the door open for continued strength next week.” Adrian Day, President of Adrian...
The price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement as summer approaches. Looking at the FX:EURUSD chart, we can see lower highs and higher lows forming a triangular pattern. And the market is currently testing the key resistance at 1.08000 and the channel boundary. On...
Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”. Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843. Manage your capital correctly and competently!...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have...
In the continuation of the daily time frame analysis, after the break of the trigger line and pullback to the broken structure, RUNE had a growth in accordance with the movement path, which again showed a positive reaction to this trigger line after correction. 💎 But in the 12H time frame, due to the momentum and upward guard and support in the green box, it can...
According to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after...
First Dogs then Apes and now its Frog mania ! Gentlemen welcome to crypto world. Pepe just hit a new ATH The price of Pepe is $0.00000075 today with a 24hour trading volume of 140 million dollar. This represents a 125% price increase in the last 24 hours and a 1260% price increase in the past 13 days PEPE is a memecoin launched on Ethereum. The cryptocurrency...