A simple A B C zigzag correction is completed in S&P500 index.Wave 'A' is 5 wave(wxyxz )marked as 12345 and Wave'C' is 5wave terminal expanding pattern(3,3,3,3,3)
Minimum requirement of wave''C'' is achieved (62%ofA) @ 4819 on 4th Jan'22.
This index will take a breath at this zone(62%) and test for its support level before making any upmove further.
The first...
Good day Traders. XRP could be in for one more dump before starting the next uptrend. 0.11 if we are to double bottom with the low of May 2020. This move will catch most by surprise. Idea will be invalidated if we close & find support above the 1W 200ema @ 0.35. Please leave a like if you agree. Feel free to leave a comment or to share your idea below. Cheers.
Thanks for checking out this post, sorry about the right side of the graph, if you take your time with it I think it'll make sense, everything there is important, and I'll answer any questions you may have. I think right now we are in a B wave of an ABC to the downside, details are in the chart visual and verbal.
Thanks for reading this post. For several reason it seems SAM needs to drop, we see from history that it doesn't like to leave gaps unfilled (see three thin grey rectangular shapes across the graph) and it currently has one at 366. There is also a 1.27 extension of the most recent impulse wave down from its high at 364. Using time symmetry (you can see it in the...
Hi everyone,
Welcome to another update on Bitcoin!
Check out that long term 2019 trend line. We think it will hold as very strong support for this ABC correction, which is nearing its end.
Bitcoin is coiling in a Bullish pennant for more than a month now, with some over-extended price action.
So how is this bullish pennant (green triangle on chart)...
Hi everyone,
Here's a small update on Bitcoin's current correction phase.
We have completed waves A and B, and are currently up-trending in wave 2 of C.
Projected PA for the coming week (Completion of wave C) is in the chart :)
After the completion of wave C, I expect continuation of the bull rally with another parabolic rise to $16k. We'll see what happens...
Chart says all. Not advice. Not a prediction. Just see a very expensive stock of company selling overpriced gadgets trading right at 0.62 Fibo after massive selloff bounce.
Might be fakebreak after first rejection from the TL shown price edged up over the TL. If breakdown below, expect retest of TL then ultimate rejection.
If ER miss, going straight off. If...
BTG has been downtrending for quite a while now and has completed its 3-3-5 flat ABC correction. The correction also formed a bullish falling wedge, accompanied by falling volume indicating falling selling pressure.
We had a very strong bounce on Dec 7 of the support line of the falling wedge, possibly setting up for wave 3. According to Elliott Wave rules, wave...
