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.
Hello Traders,
TSLA short-term Elliott wave view suggests that the rally to $317.51 high ended blue wave (X) bounce. The internals of that bounce unfolded as zigzag structure where red wave A ended in 5 waves at $302.64 high. Down from there, red wave B pullback ended as a Flat at $260.56 where lesser degree black wave ((a)) ended at $275.50. Black wave ((b))...
Hello Traders,
Oil Near-term cycle from 09/07 low (66.83) ended at the peak of 10/03 (76.93) in red wave 3. The internals of that move unfolded as an Elliott Wave ZigZag structure (5-3-5).
From 09/07 low it ended black wave ((a)) at 09/24 peak (72.72) as a 5 wave move. Below from there, it ended black wave ((b)) pullback at 09/27 low (71.72) as triangle...
EURJPY ended the cycle from 09/10 low at the peak of 09/21 (133.121) in red wave 3. Below from there it is correcting the cycle from 09/10 in red wave 4 in the sequences of 3-7 or 11 swings.
The pullback in red wave 4 is currently suggesting that it is unfolding as a Elliott Wave Double correction.
The first leg lower from 09/21 peak ended black wave ((w)) at...
XLY ended the cycle from 08/02 low (109.99) at the peak of 09/20 at 118.23 in blue wave (3).
Below from there, the ETF has been correcting that cycle in the sequences of 3-7 or 11 swings.
From 09/20 peak XLY has reached the equal legs area towards 115.55-114.95. The internals of that pullback has been unfolding as an Elliott Wave A-B-C correction. The first...
BTC is still making corrective pattern however like I discussed in my previous post this whole pattern could be WXYXZ. Z wave still has more leg up left if thats the case.
Watch a for bull break from this consolidation for a long to 7100.
I'm still expecting a new low to be formed after this WXYXZ completes.
The ending diagonal got a little longer but the bull trend that I called in my last post is still there to come.I hope that you used confirmation signal which would have stopped you from taking loss. Note that wave 1 , 3 and 5 in the ending diagonal of the expanded flat are equal in size , telling either the down move is over or very little to be over.
The support...
Gold has been moving sideways correcting the previous downtrend.
The X wave is still looking incomplete here , expecting one more leg down to around 1180 before a bounce up.
Good afternoon Traders,
BHC short-term Elliott wave analysis suggests that the pullback to $20.28 low ended black wave ((2)) pullback.
Up from there, it is in a possible 5 waves Elliott Wave structure higher. The first leg higher in black wave ((i)) ended at 09/13 peak (24.13). The internal structure of that move unfolded as a 5 wave impulse.
It ended blue...
Good Afternoon Traders,
NFLX short-term Elliott wave analysis suggests that the pullback to $335.67 low ended blue wave (2) pullback. The internals of that pullback unfolded as a Flat correction. Where red wave B bounce ended in 3 swings at $374.09 high.
Down from there, red wave C unfolded in 5 waves impulse structure. And the initial decline to $360.01 low...
Hello Traders,
EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended blue wave (1) higher. The internals of that degree unfolded as impulse structure with lesser degree cycles showing the sub-division of 5 waves structure. Below from 1.6353 high, the pair is doing an blue wave (2) pullback in 3, 7 or 11 swings before upside renew. We...
Intro: Light at the end of the accumulation tunnel. Why a BULL Run is possible when comparing 2014 & 2018 Elliot Wave ABC Corrections and Schiff Pitchforks:
1) W correction is about a 70% price drop in both 2014 & 2018.
2) Both Y corrections extend to the 0.786 Fib Level.
3) A correction retraces to mean in the Pitchfork.
4) B correction extends to about the 1.5...
Hello Traders,
NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $374.57 high ended blue wave (1). The internals of that rally unfolded in...
Hello Traders,
AUDUSD ended the cycle from 08/21/18 peak (0.7383) at the low of 09/03/18 (0.7166) in black wave ((w)). The internals of that move unfolded as an Elliott Wave ZigZag structure, which it ended blue wave (a) at 08/23/18 low (0.7238), blue wave (b) pullback at 08/28/18 peak (0.7363). From there it ended blue wave (c) of black wave ((w)) at 09/03/18...
Intro: By now you should be sick of the 2014 vs 2018 BTC comparisons BUT there are uncanny parallels between these two corrections regarding their ABC corrections and the Fibonacci Extensions. Here's what I'm seeing:
1) Three Lower Lows in 2014 and 2018 create our A correction (Zig-Zag Pattern).
2) The A correction DROPS about 70% in both 2014 and 2018.
3) Both...
Hey Everyone,
The million dollar question right now is, will ETC and other ALTs follow BTC if it rises right now?
We are starting to slowly see slight differences in the patterns over the past few months with ALTs declining and BTC increasing with both dominance and price. So if all the money pours into BTC where does that leave the ALTs? Not in a good position...
