Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA is now trading below the ML of the green TC and also under the ML of the red TC. With the impending DC starting to converge I expect a breach of the green TC to the A before a bounce. However this would take us to the...
NVDA is finishing up the final leg of its correction. 200 will be an attractive place to go long before NVDA begins its ascent back to new ATHs.
LMK your thoughts in the comments. My three predictions... 1. Down to 1915 2. Back to 1956 approximately 3. Then a slapper down... And the question that will be answered by the market and the market only... is the trend still intact? Will we get one more C wave down or will it complete a full impulse and subsequently head for Valueville? Money flowing out of...
Recently I updated a NASDAQ/US100 chart that was playing out an ABC scenario over the past month (see related links for more info). To put it simply, two major situations I see as possibilities on the US100 chart are - An inverse H&S - A macro ABC corrective wave Given $BTC price action is coupled with US100 price action at the moment, these patterns would...
I saw a very strong move from the SLP token, which is now completing its ABC 4-wave correction, and after completing the 5-wave C step, we will see strong growth from the SLP token.
Quick chart on S&P using Gann box/angles - been finding these to be a great asset when charting potential support and resistance zone. Chart on the left focuses on the next 6 months while the one on the right is for painting a picture of the larger correction that may be at play compared to previous significant correction. Sitting below the 200MA on the daily,...
SHIB like many other coins have been showing a strong 5 since BTC recovery (short lived *cough). I think SHIB is reaching for Wave 5, it might have already, but I think it can push another 5%-10%. Wave 5 targets: Wave 5 #1 = ~0.00003673 Wave 5 #2 = ~0.00003787 Followed by ABC, use chart as a marker but not exact targets. This is my Thesis, targets are purely...
ETH and BTC had a phenomenal run this cycle. From $81 to over $4800 which is more than 5800% gain. I talked more in detail of why i think btc is in a bear market so for that go look about my previous idea about ETH. I expect the rotation of the money into other alts not only from BTC but also from ETH. Because of that BTC and ETH will still go up with the rest of...
most probably resume downtrend from here short 0.89981
Like i've been saying, the chances that TSLA (and other large market caps) are in a bear market is extremely likely. If this bottom holds, which is likely, i expect some kind of a retracement to somewhere near 0.702 fib. retracement level. During this time DJI index should still set new ATH but not by very much. I am not a financial advisor so non of this should...
It took 3 months for btc to finally capitulate completely. I still expect btc to remain in this price area, maybe even set double or slightly lower bottom to really scare the last weak hands off. By now it is safe to say that 30k will hold for now. Like i sad many times now, expect some kind of an ABC retracement back into 55k zone. We could also just go into the...
Hi traders Please see our analysis on AUDJPY. We can see a nice Elliot Wave followed by the ascending correction. Price has since broken this ascending correction and we expect to see the next impulsive wave. This trade is not triggered and live. Let me know your thoughts on this trade in the comments below. Trade Safely! The Fx Chartist
DE30EUR is trading in abc on its hourly chart price is trading above the entry level at 15305.4 stop 15125.5 targets 15472.9/15563.7/15681.2
With the move down today and subsequent reversal it is likely IWM has bottomed. We can see that the pattern the last few months is corrective in nature taking an ABC course but the Russell has a lot of work to do to prove it wants to go higher long term. Short term I am am bullish based on MFI reaching very oversold levels, fibonacci extensions being hit and near...
It have to correct this ! And now ! Stop go to sky, the trees don't up until sky
NYSE:ABC made an OB+ on monthly, then made a Breaker+ on daily. It'll be fun to see how this proceeds tomorrow.
Sice 41.2k low "A" we retraced to the 0.382 - 0.5 level, making a corrective wave B (a common retrace for wave B) and an sfp of the 07 dec high smaller "a" with some trapped traders at the top, that made an abc for bigger wave B, if this count is correct we should have 5 down for C that would finish the corrective wave 2, a possible retrace would be the 0.382 to...
In this example. We could to see the waves 12345 and correction ABC et the big waves in blue. :) It is necessary to correct all this increase of 221k%