Hello traders. I have read charts suggesting people let go of their holdings of HOTUSDT! Here I have posted a larger view and I'm suggesting we are in a deep fourth wave correction after a very strong third wave impulse. See the chart and all the best!
As per my analysis, GBPUSD will be ending its E wave of the 4th wave nearly soon enough. the confirmation will happen when it crosses the previous high of the e-wave in time less than that of forming the last wave!
thickness of kumu at the very end
baseline of ichi resisting
the retails news which was negetive
all of them tells me that price will fall
its is very probable for price to fall to green area.
in this scenario after falling to the point we will start a new 1st major wave
time will tell us every thing
My current count has us working on a triangle for the 4th wave. Triangles commonly occur before the final 5 wave move of that degree, so as long as we don't brake down here we can expect one more push higher.
this also suggests that a very decent short opportunity is coming soon but we will cross that bridge when (and if) we get there.
I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
The count for the extended 3rd is quite tricky, but provided we hold the 0.5 you have a have a strong
case for the 4 being in.
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Looks like the bulls are not done yet. This EW model projects a possible new high for Dow. Not saying it's going that far but it sure could.
Any hint of a positive comment or encouraging word from FOMC this week about future rates will ignite another leg up on this breakout rally.
They are buying the dips. Monday's grind off took index down to weekly support,...
USDSEK in correction 4thwave as contracting triangle. Expect price to go first 8.20000 to finish wave (e). expceting 5hth move up from there; as it is daily, it can still taken another 2-3 months tro reach (e);