Hello Traders,
Short Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended blue wave (2). Up from there, the pair rallies as an impulse and ended red wave A at 149.49. Red wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg higher. We can see internals of wave A unfolded in 5 waves where...
Hello Traders,
Short term S&P 500 (SPX) Elliott wave view suggests that the selloff starting from Sept 21 high (2940.9) has ended at Oct 29 low (2603.54). We take the most aggressive view and call the low at 2603.54 as red wave IV. This suggests that SPX is ready to rally in a new bullish cycle towards a new all time high. However, for this view to gain validity,...
Hello Traders,
YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to...
Nearly there. Probably another rough day or two to get crushed down to support and complete the Zig-Zag correction (WXY). Elliott ABC wave near support.
Expect a hammer Doji, a deep spike with reaction lift. Maybe Tues/Weds. Who knows, utterly unpredictable atm. Spy might get down to 253. Nas- who knows?!
If index breaks and closes below the blue pivot support...
EURUSD is currently in a big correction. We have ending diagonal here watch for breakout and correction for a long trade setup to test the top of the range.
XLM is making a flat type correction after breaking out of the previous structure.
Looking for buys around 3500 sats region for another impulsive leg upto around 3900 sats.
Gold is making a corrective structure in a downtrend. This 3 wave structure looks complete, there is bearish div present on the HTFs.
Good short setup from atleast a correction or breakdown to 2015 lows.
Watch for the breakdown from the below trendline and followed by a corrective structure for confirmation of the move down to 2015 lows to complete the monthly...
Hello Traders,
IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black...
This is the thought process and a great example of price action. Look for an impulse wave that determines trend then a corrective structure that will set you up for a trend continuation trade. Very Basic Elliot WAVe Set UP. Check my analysis I forecasted this trade before it dropped and this was my exact process.
Hello Traders,
EURUSD short-term Elliott wave view suggests that the decline to 1.1427 low ended cycle red wave II pullback. The internals of that pullback unfolded as a Flat structure which ended the correction against 8/15/2018 low. Up from 1.1427 low, the pair is expected to resume the next leg higher in red wave III. The internals of wave III is expected to...
In my previous post, I had discussed an alternate scenario and that it would be a good time to close shorts and be looking for longs if btc doesn't break the low soon. We got a nice pump after that due to Tether fud.
The structure is different on the USDT and USD exchanges. Will be adding my thoughts on USDT chart later in an update on this post.
I'm using the...
TLRY is currently in the B wave of an ABC correction.
So far it has completed subwaves a and b of B wave and looking for upside on c leg to complete the B wave in the larger degree ABC.
Watch for this flag to breakout for a nice long setup to around 200$
Hello Traders.
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7316 high ended blue wave (X). Down from there, blue wave (Y) remain in progress as a zigzag structure. Where initial decline to 0.7049 low ended in 5 wave’s impulse structure & also completed the black wave ((a)) lower. Also, it’s important to note that the pair is having a bearish...
Wan made an impulsive leg up and now we are still in correction. Expecting one more leg down for retest of 1000sats levels and then new larger impulsive leg up.
