I have tried many scenario on Gold, and i prefer this projection as my trading plan. Invalidation level at 1949.77, means, in the short term Gold continue to bullish before making major correction on Wave 4 as you can see at the picture. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
Hi guys, here's an alternative of my projection on XAUUSD. You can check 1st option on the link down below. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
bitcoin shows a powerful pattern on daily and h4 charts.. we can expect higher prices when pullback to broken neck line happens... good luck. have fun.
IS EURUSD(H4) GOING DOWN?! as we can see, EURUSD breaks H4 upward channel and Range box either... this is a low risk position that i recommend u to open..
AVAX is trading now into an important support zone. If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again. All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to...
Here's an update: 1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release. 2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction. I prefer to wait until structure and pattern...
I still can't find the reason of XAUUSD continue to bull in my technical perspective, so here's my last update on XAUUSD. You can wait until Daily/ Weekly Swing High formed. Trade safe guys!
I know almost all forecast on XAUUSD choose Triangle Scenario, So here's my perspective as WXY Corrective. Elliott Wave's perspective is highly subjective, in my opinion, Invalidation Level is needed as all technical analysis is just an art of probabilities. Safe trade, Everyone! Cheers. Please subscribe our Youtube Channel (Link on Profile) and follow...
Bitcoin price still can be counted as a sideway move (down red channel) as the price hits 1:1 proportion W vs Y of a possible WXY correction for a wave 2. Price still stay into an up channel(green channel) of a possible impulse ended at 31050. For wave 2 I think is still early to be ended as the price did not hit even 0.382 fib retracement of this up move and the...
IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore. But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached. Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ. But it will me a correction wave. So let's see how the market perform the...
I'm not interested to go long with xauusd. Assuming the upward wave will be complicated. So, I prefer to go short, expecting to ride the smoother wave. Any comment? Please, CMIIW. Open to discuss. Thank you...
Bitcoin price bounced after publishing CPI index and this favors a June month without FED changing the rate. As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside. Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules...
If Bitcoion can keep 27000 level we may see a consolidation triangle for a 4th wave and than go up with a 5th wave. Also we are above 0.382 fib retracement level of this possible wave 3. Good luck!
I think Bitcoin needs a deeper correction to move higher. WXY correction on the table if this is not the beginning of something bigger to the downside. As we stay above 19568 it may use last impulse (C wave in my count) to go higher. Other important levels 26935 and 24050. Good luck!
This is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be...
Bitcoin may fall down in 5 waves and this is not good! Probably we had an ABC zigzag correction to the upside with wave C hitting 1.272 fib extension (31050) of wave A with wave B an extended flat correction. Probably wave 3 from this move to the downside that started from 31050 zone is ended and we may see a correction to the upside for wave 4 into 0.382 - 0.5...
Let's see if we can have a third elliott wave out of this scenario. Hope so. I'm coming back from time ago trading this way now. I'll be updating this.
Price action and chart pattern trading setup TFD - Elliott wave analysis > A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario. > Entry @ breakout triangle after downtrend subwave c completely retraced > Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1...