Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
Here's my projection on GBPAUD, i expect a leading diagonal (forming) before continue to bull. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
We are waiting for a clear ABC pullback before going long.
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
RDNT 5 waves up leading diagonal for wave a/1 and correction into 0.618 fib retracement for a wave b/2. Price break the 0.3030 pivot of wave b so we can keep the focus up against 0.2813 in a still-extending wave c/3,looking for price to aim for the 1 or 1.618 projection between waves (a/1) and (b/2). Hit the like button if you like my analysis and follow me for...
Lower timeframe perspective attached down below. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
the best scenario is to see the price mitigate the demand level for searching for buying opportunities from better prices _____________________________________________________________ don't forget your risk management follow for more :))
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. We had another successful trade yesterday. Now we have to wait for more data.
Ethereum may be into an 4th wave impulse to the upside. Key levels 1807.24 must keep it and than clearing 193.70 may continue to end the 5th wave. Possible targets for this 5th wave 2026.15 - 2077.85 range. Hit the like button if you like my analysis and follow me for future updates! Good luck!
Bitcoin probably entered into the correction phase of the wave 2 as the price had hit the 2.272 - 2.618 range of the Wave 1 fib extension. Expecting targets for wave 2 are 29451.8 for a mega run up or if it break below it than expecting to go into one of the fib retracement of this impulse that may be 0.618 (27345.2) and this scenario is the most probable. Also...
Fantom looking promising on log scale. Price was rejected into 1.618 fib extension of an impulse that may be Wave 1 than moved down into a correction that may be an expended flat pattern. The price held an important level from 0.1530. Keeping 0.1642 level and than clearing 0.5468 it may start an impulse that may be the 3rd wave from a bigger degree 5th wave. Hit...
As you can see from my EW count, looking for upside resumption in ETH, as we have successfully retraced in a wave (ii), clear three wave structure and we are now looking for a completed five wave move into wave i and a potential completed three wave move in wave ii.
Bitcoin may end soon an impulse that may be a 3rd wave as the price is approaching 1.618 fib extension of an precedent wave that may be wave 1. Key level for the 4th wave retracement is 28676.06 where also we have 0.382 fib retracement of the 3rd wave, if the price will break down I doubt that this trend will continue upwards. keep in mind this!!! I will put...