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,...
In the current AUDUSD setup, Elliott Wave analysis suggests that the pair might be nearing the end of an impulse sequence with Wave (3) recently completed, and entering Wave (4), a typically corrective phase. The currency is showing signs of topping out, indicating potential retracement levels that could be ideal for a short position. Currently, Wave (4) has...
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 latest analysis on the USDCHF suggests that the market may be ripe for a short opportunity. Observing the Elliott Wave pattern, it appears that the currency pair has completed an upward Wave (5) and is now potentially embarking on a corrective ABC pattern. Currently, the price action has initiated what seems to be Wave (a) of this corrective phase. I'm...
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,...
Taking a close look at the GBPUSD chart, I’ve noticed an interesting Elliott Wave pattern that may indicate a forthcoming downturn. We've just observed a completion of Wave (3), which shows a strong upward momentum. Currently, we're seeing the beginning of Wave (4), which hints at a corrective phase. The initial target for this correction based on Fibonacci...
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...
Here's a fresh look at the NASDAQ (US100) where Elliott Wave analysis hints at a potential short opportunity. According to the wave pattern observed, we have just completed the fifth wave of a bullish sequence and are possibly transitioning into a corrective phase. The completion of wave (5) suggests exhaustion in the current trend, paving the way for a...
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...
Hello, fellow traders! I'm excited to share my insights on XAUUSD with a focus on Elliott Wave analysis. The chart showcases a classic Elliott Wave pattern, with a notable third wave showing strong upward momentum. We are now in the corrective fourth wave, which typically sets up for another upward move. Using Elliott Wave theory, the next move I anticipate is...
I'm examining a potential short opportunity for USD/CHF using Elliott Wave principles. Our analysis suggests that the currency pair is nearing the completion of an impulse phase, which often sets the stage for a significant corrective downturn. The market seems to have completed the impulse wave sequence with wave (5) reaching its peak. This indicates that a...
I'm examining a potential long opportunity for EUR/USD using Elliott Wave principles. Our analysis suggests that we're on the verge of entering a new bullish impulse wave. The market has shown signs of completing a corrective phase with wave (4), and is now transitioning into what appears to be a bullish wave (5). This phase often offers substantial upward...
I'm analyzing a potential short opportunity for GBP/USD using Elliott Wave principles. Our chart suggests that we are nearing the completion of an impulse wave, setting the stage for a significant corrective phase. The market appears to have completed wave (5) of the bullish sequence. This setup typically indicates that a downward correction is imminent,...
I'm focusing on a potential short opportunity for BTC/USD using Elliott Wave principles. Our analysis indicates that Bitcoin is nearing the completion of its current bullish cycle, with the impulse wave (5) almost finished. This setup usually precedes a notable corrective phase, offering a strategic entry for short positions. Wave (5) completion: The chart...
I'm exploring a potential short opportunity for the NASDAQ (US100) guided by Elliott Wave principles. Our chart suggests that we are nearing the completion of an impulse wave sequence, which often sets the stage for a significant corrective phase. The market appears to have completed or is close to completing wave (5) of the bullish sequence. This indicates that...
I'm examining a potential short opportunity for the US30 (Dow Jones Industrial Average) guided by Elliott Wave principles. Our analysis suggests that we are nearing the completion of a bullish impulse wave, which often precedes a significant corrective phase. The market seems to have completed or is close to completing wave (5) of the bullish sequence. This setup...
Hello traders, I'm focusing on a potential short opportunity for XAU/USD (Gold) using Elliott Wave principles. Our chart suggests that we are nearing the completion of a bullish impulse wave, which often precedes a significant corrective phase. The market seems to have completed or is close to completing wave (5) of the bullish sequence. This setup typically...
Hello traders, I'm analyzing a promising long opportunity for XAU/USD (Gold) using Elliott Wave principles. Our chart suggests that we're entering an exciting phase of a new impulse wave. The market appears to have completed a corrective phase with wave (4) and is now transitioning into what could potentially be a strong wave (5) upward. This phase typically...