📈 BTCUSD Long Setup 📈 I'm identifying a potential long opportunity on BTCUSD based on Elliott Wave analysis. 🔍 Wave Analysis: We've completed waves (a) and (b) with a current move up forming wave (c). The target for wave (c) is at 1.0 Fibonacci extension level around 69189, with a retracement level at 0.731 (66766). 🎯 Target: Entering long around the 66766...
📈 USDCHF Short Setup 📈 I'm identifying a potential short opportunity on USDCHF based on Elliott Wave analysis. 🔍 Wave Analysis: We’ve completed waves (1), (2), and (3) with a recent high at the end of wave (4). The target for wave (5) is at 1.618 Fibonacci extension level around 0.896. 🎯 Target: Entering short around the 0.90398 level, aiming for the...
📈 USDCAD Long Setup 📈 I'm identifying a potential long opportunity on USDCAD based on Elliott Wave analysis. 🔍 Wave Analysis: We’ve completed waves (a) and (b) with a current move up forming wave (c). The target for wave (c) is at 1.36625, with an extended target at 1.618 Fibonacci level around 1.37075. 🎯 Target: Entering long around the 1.36275 level, aiming...
📈 GBPUSD Long Setup 📈 I'm identifying a potential long opportunity on GBPUSD based on Elliott Wave analysis. 🔍 Wave Analysis: We've completed waves (a) and (b) with a current move up forming wave (c). The target for wave (c) is at 1.27804, with a retracement level at 0.762 (1.27008). 🎯 Target: Entering long around the 1.27008 level, aiming for the...
📈 XAUUSD Long Setup 📈 I'm identifying a potential long opportunity on XAUUSD based on Elliott Wave analysis. 🔍 Wave Analysis: We’ve completed waves (1), (2), and (3) with a recent low at the end of wave (3). Now, I'm anticipating a corrective wave (4) which is expected to retrace to the 0.382 Fibonacci level around 2385.187. 🎯 Target: Entering long around...
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...
Hello, traders! In the current market scenario for NZDUSD, Elliott Wave analysis presents a compelling bullish case. The currency pair has recently completed Wave (4) and is transitioning into Wave (5), often characterized by a strong upward movement. The completion of Wave (4) near significant Fibonacci retracement levels—specifically the 0.382 at...
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...
Our detailed Elliott Wave analysis of the S&P 500 suggests the index may be poised for a downturn following the completion of Wave (5). We are currently observing the formation of a corrective ABC pattern, signaling potential declines. As Wave (b) appears to peak, we anticipate the beginning of Wave (c), which is often a sharp downward movement. Based on Elliott...
Hello, traders! Taking a look at the USDJPY, Elliott Wave analysis reveals that we are currently in the midst of a corrective phase after completing an impulse wave. The completion of Wave (b) sets the stage for the commencement of Wave (c), which is anticipated to push the price higher. From the chart, we can observe that Wave (a) was a bullish retracement,...
Hello, traders! Our review of the CADCHF chart through Elliott Wave theory shows a promising bullish opportunity. The pair appears to have completed a corrective wave pattern marked by Wave (b) and is now potentially initiating Wave (c), which typically signifies a strong upward move. From the chart, we can see that Wave (a) led to a notable rebound, followed by...
Hello, crypto enthusiasts! Our Elliott Wave analysis on BTCUSD indicates that Bitcoin may be ready to make a significant upward move. After completing the corrective Wave (b), we're observing the early formations of Wave (c), which typically represents a strong bullish impulse. From the current levels, Wave (c) is expected to extend towards key Fibonacci...
The US30's recent chart formations, analyzed purely through Elliott Wave principles, highlight a compelling setup for a potential short. We've seen the completion of the motive Wave (5), indicating the end of a typical five-wave advance. This suggests the market might now be entering a corrective phase. As we transition from Wave (5) to Wave (a), it's clear we...
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...
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...
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...
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...
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...