Analysis of long-term corrective waves from ATH's of different historic periods Facts: The drop of 93.75% back in 2011 was the biggest correction of all time. With time the corrections after new established ATH's got gradually smaller. I'll use fibonacci retracement to measure those heavy drops as ATH - 1 and bottom as 0 to document how measurements of...
Bear with me (pun intended). I know I'll probably get some slack from the 5 wave correction counting of wave C. Most people would place the 3rd wave in June instead of May, but a few things suggest me that the 3rd wave down was actually in May: This C wave lies at the 123.6% extension of wave A which is a common area for the Expanded Flat correction. ...
Find the manipulation and run with it!! It is a dirty game they play with us. I am buying now. Can we hit .14????? NOT FINANCIAL ADVICE!!!!
CRYPTOCAP:RUNE breaks December Resistance and ready for 15-28% gain.
EURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk....
nifty Mei ye shallow correction possible he dont go for holding PE (put) only buy on dip sell on rise for few days big upside rally coming soon.....
Price is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to...
The EUR/USD pair is facing challenges in capitalizing on the slight rebound from the level of 1.07566 observed the previous day. Despite remaining below the 1.0800 threshold as the European session approaches, there is a lack of sustained selling pressure. Traders are eagerly anticipating the release of the highly anticipated US monthly employment data. As the...
Price in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the...
The USDCAD currency pair has recently exhibited a noticeable five-wave impulsive upward movement. This analysis suggests that wave 5 of this impulsive move has concluded at the level of 1.3791 . Consequently, I'm anticipating a corrective ABC wave pattern to the downside. At present, my analysis indicates the potential for the support level at 1.36892 to be...
Price stopped fall at the 0.618 retracement ~4321 SPX and held for an intraday double bottom ~4310. Holds above the previous Friday's finish after a mad V rally. Stonks remain in a downtrend but this countertrend move may be only halfway up the flagpole. C wave ought to carry index to the upper trendline of falling channel, another 100 pips above. Confirm...
Chart 4H TF Maverick has done the first and second wave, it's been creating the third wave. Now, BINANCE:MAVUSDT is trading at 0.229 MAV is moving down to support around 0.222 and if it can through this level, it'll be down more to lowest at 0.198 I wait for reaction around 0.222 first Time will tell
Russia announced they will extend pledged oil cuts through 2023. Saudi Arabia will cut oil output by 500,000 BPD from May Crude ready to extend move next week, possibly above the trendline resistance? Weak USD and strong stocks can certainly help
Bitcoin has Formed a Peak during after a 5th wave while trading at the top of a Broadening Consolidation Structure and showing Bearish Divergences. If things were to go as one would expect, I would think BTC should have around a 20% pullback to about 23k which would take us back to the POC and would be a 61.8% Retrace of the Local Low to High. If we can then begin...
Hello everyone, Above I have my analysis for EURUSD. As we can see in this photo, EU has been on an diagonal downtrend for some time now. Recently, price has broken structure of the uptrend trend line and now in the process of retracing and forming a corrective wave. In the screenshot we can see I put the Supply and Demand zone, this is where we will look for...
According to the wave perspective, I assume the dollar is making a correction. In my opinion, there are two possible correction patterns at the moment: flat or zigzag to complete wave B before continuing to make wave C.
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