ewNicola

ewNicola

BITCOIN EW LONG TERM COUNT Primary Plan: Move from late 2022 looks extended, aiming at this as potential extended wave that should continue to drive the price higher this year. Wave (4) of III looks like a simple Zig-Zag for now and if we re right price should find support around 60,447-59,493 zone. Alternate Plan: We are going for Double Three (7-Swing)...

ewNicola

Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next...

ewNicola

The Dollar Index has been trading upwards since December 28. Price action looks like a clean motive wave, and I’m looking at the current move from 102.15 (January 04) as the final 5th leg. Expecting to see a pullback towards the 102.00 area after wave (v) completes; for the potential ending point of the current 5th leg, we are looking at 102.87 - 103.07 area (inv...

ewNicola

Larger trend of Dollar index remains BULLISH, from 2008 lows we have 5-wave structure, let's see if we continue to push higher and take 112-113 Fibonacci resistance or we go lower right away. To prove the end of the wave V, we need an impulsive structure to downside.

ewNicola

When we look at the indices from the beginning of the year, we can see just a bearish mood across the globe. The critical question everyone asks is this: Is it safe to hold indices or not yet? From the 4H chart, we see that decline from November 2021 into March 2022 looks corrective. I'm going with the idea of completing FLAT correction as the primary wave count....

ewNicola

After the bullish 2020, the NZDUSD has found support between 50-61.8% of the previous cycle (0.8840-0.54644), for the main count, we are going to label the highs at 0.7465 as the potential end of sub-wave (A) of the larger II, my main focus is on short positions towards the mid-channel line and 38.2-50 fibs (0.66972-0.6461). Invalidation for the current main...