The decline from 9.13.2022 high in FX:AUDJPY shows a 5 swing Elliott wave sequence suggesting further downside is likely. Near term, rally from 3.24.2023 low ended in 3 swing at 90.77. We labelled the rally as wave (B) as 1 hour chart below shows. Internal subdivision of the rally from 3.24.2023 low unfolded as a zigzag. Up from there, wave A ended at 90.168 and...
It can observed from the chart of Dow Jones Industrial Average Index we are in the mid of the correction happening right now. The Elliott wave sequence are as mentioned below: 1. We made an internal WXY in miner degree. 2. We have completed W-X wave of higher degree WXY. 3. We are in Y leg of the higher degree WXY. 4. Out 3 wave of Y leg we have completed A...
Hello traders and investors, today we will talk about small caps Russell 2000, in which from Elliott wave perspective, we see a completed 7-swing complex correction from the highs. Russell 2000 topped and completed its 5th wave of a five-wave bullish impulse already back in November 2021. Since then we can see slow, choppy and overlapped wave structure that we...
gold price made its first impulse wave from 1786 to 1869 since it made top at 1869 it was making complex sideway correction WXY aka double three with y making abcde triangle (with hammer confirmation on final wave E) since this gold bull rally driven is driven by upcoming gold crazy bull rally like march 2020 to august 2020 recession and stagflation in...
Gold. It seem like we're in "Bullish Triangle pattern now". AND most likely wave 4 (yellow circled). PLUS+++ a possible "stop hunt" on wave (E) (green) . So.. I've changed my view from previous "normal" expanding flat (a)(b)(c) Red to Complex Double Three Expanding Flat which is (w)(x)(y)(Red)
GOLD is taking a "risky" ride on a "Beast" = "A Roller Coaster" could "dismantled" anytime... As "The Ride" might not yet "finished" where the current price could developed from A Double Three Running Flat Pattern into Triple Three "Uglier" "Beast!".. So.. tighten your "seat belt" = " tightening your stop lost" for remaining "Exciting Ride!"
GOLD indeed forming a double three complex wave pattern as previous post on .. And most likely completed its leading diagonal pattern which is Wave (A) (cyan/light blue)..Wave (B)(Cyan/light blue) could be expanding flat wave (3-3-5 waves).. We might just completed the 1st phase of the 3 phases of expanding flat wave pattern which is wave A (yellow) with 3 sub...
GBPJPY most likely forming double three flat pattern on ( wave 4 red circled) as Chart Above ..
Detail @ The Chart. I wont long but waiting for sell setup
This correction might not be over. We have already completed pattern 3-3-5 Flat Correction, Primary Structure - Double Zig-Zag in Intermediate (W). Then we completed what looks to be a large ABC pattern or Wave X and is developing, Intermediate (Y) - Expectations and Minor degree ABC sequence. A "Double Three" will complete one corrective wave pattern, or there is...
This correction might not be over. What I can say with confidence, however, is that we have already completed pattern 3-3-5 Flat Correction and that did not end the overall correction. Then we completed what looks to be a large ABC pattern or Wave X and is developing, did not end it. Some corrections become more complex with multiple Elliot Wave corrections...
Hello. Have been studying, learning and viewing the charts. Hoping to share this idea as a current view of the market from a student. Feeling that the run from $3000 to $13800 may have found exhaustion. If we break above the 50 ema on the hourly chart around $11600 then I think it is possible that we are finishing a triangle in sub wave 4 before the last...
We appear to be moving in a double three for this 4th wave correction. Looks like it might continue up to ~8300 before turning back down.
DXY (Dollar Index) Structure shows me that it has more chances to show a Bearish outcome than a Bullish one. According to the previously posted DXY - Cheating with the Joker - Double or Triple Three? video, this could very much turn out to be true. Wave Counts suggests that the Double Three Pattern is complete and that DXY could start unfolding a possible...
****Note: I'm not sure why the main graph is not showing all pertinent information...please look at photos attached below for better idea!**** It seems certain that an Elliott ABC correction completed for BITFINEX:BTCUSD ; however I am not quite convinced a new impulsive wave have formed. Therefore, we are currently undergoing a "double three" correction. It...
According to the present Wave Count BTC/USD is trading within a Double Three, with the last Minor C (red) awaiting to unfold and complete the entire Corrective Structure.
VPVR shows us that NEBL is at a very healthy price level. The white lines around it shows the developing VA, value area; where all the trade is happening. The POC, point of control, shows where the very most trading volume took place. It's the chalk blue horizontal line We're at the bottom of this and the only way is up! RSI is above 50; for me, this is a very...