FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH...
SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-
Given the NEo Wave analysis of the TSLA in 1h, 4h, and daily time frames, we assume that the correction is over, and after the current correction, only long positions are viable.
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
Hello friends In the USDCHF currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 waves out of 5 impulse waves. Therefore, in both cases, there is a need to correct the price. Now, considering the formation of a terminal triangle pattern in wave 3 or C, we consider the...
We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse. After a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see,...
Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
Y'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.
- Gold moved impulsively to the upside breaking the channel: this is wave 3. - Wave 2 was extended, so I'm expecting wave 4 to be sharp and quick. - Silver is a leader in this move. We shall see how much power is in gold move.
I think that we will see 52000 soon, regarding the Elliot Wave and the Fib Levels.
- This is what I'm expecting in the bigger picture. - This move can pull the price of gold to 2500-2520 roughly.
- Gold is involved in sideways correction. - Watch out for whipsaws. - The way to go is to fade breakouts.