Bit of a long shot, but this new move hopefully follows my previous chart idea that played out well and is nearly complete also.
As before, I'm not really focusing on timings, only the Elliott Wave counts.
Price should soon head up and hit my 5th wave at around $40K-$40.8K. However, price could come down first, to around $36.8K - to tap @Anups new...
Well, first of all, it's important to note that I have an open position in this dividend-paying stock because I want to hold it for the long term.
However, we should not ignore the fact that we will start wave C of a possible ABC correction soon. We can also see a bear flag shape. Both have a price target of ~$14 to $15.
Regarding the fundamentals, some...
Technically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback...
BINANCE:LPTUSDT has a target beyond the $10 Mark i wrote about before, which is the $14 Range, almost 100% increase From Current Price.
Writing this Idea, Currently we are in a Corrective Area, Colleting as much buyers as Possible to Impulse its away to The $12 Range, and a Possibility to do another Small Correction in that area before Finally Reaching the $14...
Down 87% over the past 2 years there's not much left to beat on here.
Technical analysis points to trend reversal and move to the upside at ~70% chance.
It could potentially drop down to demand zone in 5's. Either way, we like it long term.
Get ready for a golden opportunity! The bullish setup on Gold is shining bright in the 4-hour timeframe. After weeks of oscillation within a falling wedge, price has finally broken out! The ABC corrective wave is behind us, paving the way for a powerful impulse.
I'm setting my sights on a target of 1940, where I'll be taking some sweet profits. But the excitement...
I entered a bearish position on ABC at the 2.618/1.272 confluence zone a bit ago and since then it's gone up to the 1.618 of this 3 Drives pattern. I think it will be worth entering one last time as we are on the way to confirming a Bearish Harami at these levels, which would later result in Bearish Divergence on the weekly if it begins to play out.
XAUUSD has formed an ABC bearish pattern on its hourly chart.
The price is trading the EL: 1999.58.
62% AB: 1960.21
79% AB: 1946.73
127% AB: 1908.39
162% AB: 1880.82
One of the best ways to confirm symmetry in the markets is to check price and time using two or more cluster confirmations. Another key method to compute these patterns is...
The main trend remains bullish but in short term a corrective structure is possible to appear on hourly chart (ABC Pattern). If this analysis is correct, a bullish consolidation is still possible, but if this happens it should be considered part of a corrective structure.
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
The market moves in waves and patterns. This is a macro expanding flat on the #SPX500 that corrected for 8.5 years!
During the A and C wave of the expanding flat, there were so called "recessions", the 2002 and 2008 recessions.
Or were they just A and C waves of a macro expanding flat?
It is interesting how the patterns a chart makes predicts the future of...