DXY has been on an extended pump to the upside and is definitely getting exhausted in its wave 5. We have nearly hit the 1.618 fib at about 120.00. It does not have to go any higher and has done more than enough for a wave 5. If the wave 5 is over we could be looking at a retracement down in an ABC to 92.78 to 80.00. Obviously this will take months or years to...
Im not really sure about LUNC we have a clear impulse up and a corrective move down. However we kinda just reversed in the middle of nowhere. We did not hit the 0.786 fib or we didnt hit the 1.618 fib the length of wave A. Cant really see any support where we had a reversal. Wouldnt be surprised if we come back down to test either of these fibs. If your trading...
Gold a cute impluse wave is running in a channel , as long as if gold didn't break 1658 , i think the target will be around 1600 ,1610 ,1620 in upcoming hours / days ! keep watching :) cheers
As my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking. This is my view of DXY for this week : DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards We will have FED % rate news release on 21th Wednesday with 75bps forecast This news will decide...
Falling Wedge bottom support being tested. Will this hold and send OGN back up above .30c or will OGN have 1 more capitulation back down to .13c? Let's analyze and find out.
Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom. 80%-85% drawdown from ATH on every bear market = $13175 Re-test last Bull Run highest Monthly close = $14000 Then there is the Elliott...
In the S&P 500 index, we see the fall of wave C in the form of five waves, and it is expected that this trend will move in this way according to the chart to form wave 1 of C, and then the second wave will move to the specified range, and then a sharp fall for the third wave. will continue
Hi Everybody. BNX looks very bearish, it has lost its momentum. Bearish divergence on MACD, RSI, and EWO With Signals. Also done with EW 5 wave, have to be corrected to Fibonacci Golden Zone with ABC correction. Just look at every Fibonacci level. Regards.
this is certainly a possibility according to my analysis. this is in line with the larger trend as well of being bearish which i have counted, however at the end of the day nobody can be 100%
Since our short term bottoming, I've let the consolidation play out for the week. After counting swings, I've immediately recognized an expanded flat correction. I won't go deep into detail of labeling every wave and explaining targets. Experienced E.W. traders will see this and understand it.
Hey Everyone, Schyler here with NewWave Traders. In this chart I'm projecting XRP to experience a correction mid term with continued upside. This dip will be for buying in my opinion. Bearish divergence between the 3rd and 5th wave as well as wave structure supports this bias and some TDI signals on top of that. Let me know your thoughts in the comments...
Elliott wave count + fibonacci + SNR/SND + Divergence As my EW count currently price doing correction ABC wave(yellow) after finish impulsive wave(green). Target wave C(orange) end and approach fibo ext 161.80% of wave 1 count of current subdivision impulsive wave(cyan). And will start new impulsive for 7swings and move high
Hi We had ending diagonal for 5th wave at the end of first elliot wave. Now ETH correct first wave by zigzag correction. It seems that the A wave is ended and B wave is started. Have good trade. Yours
after looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high
Hi We are in second correction wave in BTCUSD, the irregular flat correction is seen in this chart. We are in c wave of ABC correction. The goal of correction wave can be 22000-22500. Thanks for your attention Yours
Bitcoin & crypto Markets looking kinda bullish today after CPI 8.5% beats the expected 8.7% & also down from June 9.1% reading. BTC can correct to $26,500 and still be in the zig zag on h4, extending past that level would mean wave 3 not wave C. Leaning towards the C wave TBH.
Oil in a bit of trouble here, likely entering a 6-10 month bear market correction. Downside target can hit the 618% of the entire 5 moves off the 2020 lows when WTI went negative. Currently a lower time frame A wave has bounced off the 618% fib retracement level of the 5th wave. But we must correct that entire 5 up not just the 5th wave. We should bounce into a B...
I think wave C from wave 2 has been started and first impulse of it is ABCDE. So by this view,we can open our position at the upper trend line and it probably get us target at the end of wave 4 of wave 1. In this project,stop should be set at the top of B from ABCDE (price :0.69830 ). entry: 0.69620 stop: 0.69830 tp: 0.68680 Good luck.