BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
Hi traders, Last week XAUUSD went up again. I think this could be the end of the X-leg. So for next week we could see another drop to finish the bigger complex pullback. Let's see what price does and react. Trade idea: wait for a clear break of the bullish orderflow.. At the moment it's still very bullish. If you want to learn more about trading with ICT/ SMC...
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...
Seems like the market will shape an ending diagonal. It started with a small diagonal which triggered me into expecting an impulse - went all in (very small deposit) and it kept swinging until formed a nearly complete triangle.
Wow.. that was quite something trying to puzzle out the minute timeframe. THe count of last resort - expanding diagonal in wave c of abc flat before a meltdown.
Hi traders, Last week SPX500USD went up. For next week this pair could go up a little more before a small correction down. Trade idea: Wait for a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next...
Let's take a closer look at the Bitcoin chart, using a three-day timeframe. Here's the scenario we're observing: we've developed a significant bearish divergence. Additionally, Bitcoin is currently in a short but valid sideways phase, indicating an impending decision on direction—upward or downward break is expected in the coming weeks. Our analysis leans towards...
Hello Traders, Since April 28th, my last analysis, the NIFTY50 has dropped almost 400 points to close at 22055 on Friday, May 10th! This was in line with my expectations and analysis! The intraday low was ~100 points lower. I left my forecast arrow unchanged, so you will be watching my work! What can we expect from the index next week? Overall to say, the index is...
Hi traders, Last week I was on holiday so I couldn't make a weekly outlook. Now I'm back so let's start. EU is making a bigger complex pullback. For next week I think this pair can go a little higher but after the finish of the correction it could drop to break the swing low. Trade idea: Trade intraday sells after the finish of the correction up and a change...
For Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at...
Outlook for DJI on 1day chart. Upperer-degree wave (b) has already been completed and the final wave (c) has started. If this scenario is correct, I think We are in sub-waveⅱ of wave (c). Sub-waveⅱ is expected to complete soon. After that, sub-wave ⅲ will start. The sub-waves of wave iii will form a 5-wave impulse. Last time my idea. ■Apr 04, 2024. long-term...
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...
I'm considering the current downtrend to be the correction from 2171.30 to 4093.92 (black Fibs). 61.8% (2905.75) is offering solid support. Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone. My preffered path for a reversal is shown in the orange arrows - a test of green support, with...