Gold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by making higher highs and then correct strongly downward. This zigzagging price action OFTEN indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the general markets. Well this is NOT the case and has not been for most of its modern...
The bears has driven the BTC market down into it's core gearing up for a soon bullish market. As we wait for a level of support or a downtrend continuation, we can monitor levels of correction to see if there is a possible trend change. A quick bullish correction could be happening. Looking to exit with A TP around 40K. This is NOT financial advice and always...
Hello traders! Today we will talk about Cable (GBPUSD) in which we see quite clear bullish development from Elliott Wave perspective. As you can see, Cable made only a three-wave A-B-C decline since June 2021 highs, nicely connected within channel range and with equality measurement of waves A=C. It clearly indicates for a higher degree wave IV correction,...
Impulsive Wave Fractal 1 - 5 XYX Correction Above 200 Moving Average Moving up along Gann Trend Angles.
The break of the bullish trend was followed by a bearish impulse break. Here comes a second bearish impulse followed by a corrective structure. Looking forward to some sort of double top within the correction before going short.
bearish impulse and corrective structure formed after the break of an ascending channel
Price reached for a double top within an ascending channel. Next was a bearish impulsive break;...waiting for a corrective structure in order to go short
Hi, today I want to talk about one of the old Tokens of the market that has been in its five descending waves for a long time. maybe you can think about invest on it. The name of the token is 👉 Wabi 👈 Wabi Analyze ( WABIBTC ) Timeframe 2D ⏰ Location🌊 : Fortunately, Wabi was able to finish 5 descending waves at 0.00000929BTC , then it started to run on ...
Bearish impulse followed by a possible double top formation within a corrective structure.
Hello traders and investors, In today analysis we focus on the last couple of waves in BTC. Regardless if we are observing impulse of ascending correction, as far as I am concerned the trend is up. As far as this chart is labelled, as much as I would like to see the uptrend resumed after the July low, at the moment I am not too sure that we can say so. The...
Bearish impulse followed by a descending channel within a corrective structure, while having price possibly aiming for a double bottom.
Corrective structure formed after the bearish impulsive break of the ascending channel.
Hello Crypto traders! Today we will talk about Litecoin (LTCUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. LTCUSD sharply declined in May, which we see it as part of a leading diagonal in wave A, but it can be also counted as a five-wave impulse from the highs. Anyway, the most important is recent recovery...
Break of the descending channel. Looking forward to the formation of a corrective structure around the parallel lines before taking a trade.
Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Last pullback in 5-10 Nov gave an S-curve 'ABC' with two down legs, time from first sell to completion: 5 bars; would paint NLT 11/26. Got a nice retracement in late trade Tues, from oversold on first leg down; expect lower Weds EOD. Tues PM rally typical of bear reactions. First support held at 4660 11/23; break below will signal measured move lower. An S-curve...
Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** After break of daily support at 7300 zone, we expect CADCHF to retrace back to previous support/future resistance for a continuation downward. Next major support level is 7190 zone for tp/temporary buy. Be sure to follow the entry criteria rules for your strategy and...