XRP is getting close to completing the 2nd Wave of the 5 Wave move to the upside after breaking out of the Cup & Handle formation that I identified in my earlier posts these past few months. It looks like we could see a turn around, and the start of the 3rd Wave around, or shortly after the eclipse. Good luck, and always use a stop-loss!
The current wave count on FLR could be indicating that a big drop is incoming. If price fails to get above the top box, then it will likely come down to the range of the lower one. However, if it breaks through the upper box, then that area could act as a launching pad for much higher prices. We will have to watch and see how it plays out over the next few days...
On the basis of earlier probabilistic map (which captured how price is being governed by golden rule on a bigger scale) , I'd look for same relationship to interconnect the chart on the short-term too. So at this point it's also important One of the earlier significant price developments would include the fact of bottoming late 2022 after the fall of -77%. Since...
Complement of the season to you all. I guess this will be my last analysis for this year, i believe this year was a wonderful year to many traders, if this year was not good for you i want you to put a smile on your face because i gate something nice for you on GBPUSD going to next year. The chart 📉 before you is GBPUSD WEEKLY chart you will clearly see that wave...
Hello Here is the wave analysis of RVN in daily TF Let me know what you think about it?
Hello trader, OANDA:XAUUSD is at the beginning of wave 3 of downward wave C. If the fundamental conditions are in favor of the US dollar and against gold (like right now). The chart moves according to the wave count. The micro wave counts may change slightly during the movement of the chart, but the ultimate goal of wave C is the 61.8 Fibonacci range or the...
It is assumed that the ideal pattern is forming with the breaking of the big wave one. w1=161.8 w3 , w3=61.8w1
dear colleagues, I assume that wave 4 is coming to an end. This means that we are waiting for wave 5, which can reach at least the resistance level of 84.86 Manage your capital correctly and competently! Only enter trades based on reliable patterns!
NZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big...
Price action has been channeling in a zigzag pattern. Micro bearish impulse downward leg in development. Just pointing out levels to watch.
Potential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart -...
NZDUSD seems to be in good bullish momentum. Currently the pair has completed the 4th retracement wave around FINB golden ratio. Will the pair continue bullish trajectory and complete 5th wave.?
BTCUSDT is trading in a ZIG-ZAG channeling formation, in which the actual price action is about to reverse from a micro A-B-C-D-E triangle to fill this parallel channel with the final bearish impulse wave.
Bulls started taking charge in XAUUSD market ? as the xauusd completed 5 wave structure and currently trading at strong support zone with bullish divergence. Will XAUUSD bounce from this level?
A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone. AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback. Sell is the Call and we will use .6754 as the stop loss. Enjoy!
The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo. Enjoy!
BTCUSDT is in a downtrend now to fill the corrective wave-A in a broadening structure, which suggests by the wave count that we are in the terminus of a micro wave-ii, thereby the expected retrace can reach 27750 in the rest of the day, i.e. I'm predicting a extensive wave-(V) in a expanding ending diagonal (broadening wedge formation).
Gold has more room to cover to the upside with highs of 2012 completing wave 5 before the fall