Many were shocked at the movement of DOGE last night during his appearance on SNL. However the markets hold true to a measure of human psychology.
The SNL appearance of Elon Musk proved to be a catalyst for the market to rebalance below 0.47. Between May 5th and May 8th price for 4 days was completing a corrective Elliott Wave:c after having already pierced above...
The Nas has shown us a perfect example of how corrective wave of the same degree tend towards equality.
We should now expect further upside to come but we may see some pullbacks soon. feel free to ask any question
For Educational Purpose
Last Price- 3480 / 20:29 Hrs IST (Indian Standard Time) / 19th Oct2020
Wave (iv)- Penultimate wave -unfolding as a triangle then next wave should be the final thrust upside - only criteria is top @3588 should not be crossed for current wave count to be a valid count
One push upside close to 3550/3570 to finish wave-(v) (...
For #EURUSD in chart I have shown a new entry level WITH MORE RISK.
In case the price passes ENTRY LEVEL, we will update for targets.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
Hi Traders, here is my analysis on GbpJpy.
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to...
Hello traders and Investors,
I bring you the chart of the nasdaq, and as you can see Minor 4 is as long as Minor 2. Telling us that correction of the same degree will tend towards equality.
Are we gonna resume higher now?
Feel free to ask any question!
I just analyzed the run up from bitcoin in Elliott Wave theory and it was quite difficult to define the last correction, as it is somewhat vertical. But continuing the Elliott cycle, there is theoretically, also due to the subdivisions seen in lower capitals, only 2 types of correction possible: ABCDE or a complex WXYXZ. If we would stay in the 'not so nice'...
This beautiful Elliott Wave on the daily chart is indicating Bitcoin is about to find a temporary top around 70k. As the theory proposes, we should expect a more severe correction after that wave is completed. Be aware of bull traps once we hit that level.
It's interesting to point how every subwave is clearly noticed on the chart.
Earlier was the first to published an idea about BTC is not gonna break ATH 61800 at this point of time, instead will need a price correction before 72k! According to the observation of recent days, it is confirmed to be riding on the price correction wave. It would be a huge retracement according to the principle of elliott wave. However, after a while I've seen...