ENPH isn’t NVDA ;) It took a while for it get consolidate and build some momentum. It’s so tight here and we can see explosive move like FSLR Target #1 160 Target #2 200 Target #3 230, after a while Stop loss - 105
OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for...
FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on...
The EURUSD has already picked up speed towards its target at 1.03235. The relatively tight stop (at the last temporary high on June 4) should now be used for an entry. After that, the euro is likely to rise significantly again
FX:AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards. The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the...
Bitcoin is continuing its macro re-accumulation phase between 72-60k. The W macd is negative, which is indicating a possible longer consolidation period. Price still remains above the W21ema, currently at $61,100. Bulls are still in control of the macro trend. However, bulls need to continue to support the $60k level, and avoid a monthly close below $60k in June. ...
My bullish case for ETHUSD would have a completed impulse off low of 2814.12 for a wave (1), completed zigzag (with leading diagonal A) for a wave (2) with support off of pitchfork and .5 Fibonacci retracement.
NAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes. There have been great sells in recent times that have provided great profit opportunities, however that...
pullback retracement of 0.618. If it is a descending wave, then the stop loss is at 50 % 19031.3 retracement and the target is at 1.618."extenxsion 18954.9
XAUUSD probably will have 50%/ 61.8% pullback until Wednesday Core CPI report. P/s it's better to short than long as there will be more "floor" than "ceiling" levels.
FX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%,...
XAUUSD possible wave counts. There will be more floor than ceiling so Shorting from swing high is better idea.
Price has also reached its highs of the quarter and with the end of the first quarter ending this June price could also fall closing near the opening price (104.452) of the month.
Looking at the financials of the Woolworths here in this South Africa the brand is staple to high middle income class groups, year on year the company's EPS has been steadily improving after Covid. Just waiting for price to fall to a suitable price before the earnings reports are out in September. Looking at price, I am also waiting for clear Elliot Wave count to...
Hi everyone - I wanted to make a quick post with my thoughts on the next moves for AMEX:SPY using Elliott Wave Theory and Fibonacci Price/Time levels. I’m on my phone so I apologize if the chart screenshot looks cluttered. AMEX:SPY is currently in a Primary W5 that should conclude in August. Yesterday we saw a spike after CPI came in cooler than expected,...
Looking at the Daily, I see a nice distribution phase which I noticed a W almost being completed. EA is working its way from the C leg to the D point harmonic sell entry, which i believe to also be a nice sell off into the discounted zone below Currently i see EA in an acccumlation zone leading into an expansion so , the trend on the daily in my perspective is...
It appears that corn has officially begun wave 5 of a leading diagonal. A fifth in a diagonal should generally take the form of a zigzag. Prechter, however, has noted that fifth waves in leading diagonals often appear to be impulses, so we might be able to count five waves up instead of three.
- Gold can move in similar fashion that during previous correction and create contracting diagonal to the downside and then build impulsive Wave 5. - For this scenario I expect one more swing low and then series of higher highs.