Bitcoin could enter a strong 3rd wave down soon which would likely send the price down to as low as 20700.
Due to the formation of the 5 clear waves in orange, the next major move looks like it will be a steep drop down.
A good entry on the short is at the Entry prices shown below.
The volume profile on the left hand side shows a significant amount of volume at...
NSE:NIFTY currently into iii (pink color) of 5 (orange color) of 5 (blue color) of 3 (gray color).
Wave ii (pink color) retraced wave i (pink color) by 61.8%.
As Nifty is currently into Wave iii (pink color), expecting Nifty to take out the trendline (purple color - from ATH to recent high) resistance around 18650 by providing a gap-up opening tomorrow above...
Stock is making triangle as part of cycle wave correction. Though will not achieve its desired target down, expected to fall to 5700 in about 47 days (CMP 7027, -18.8% fall).
Swing traders will make it find support at 6536, which could be weak as that level was shortlived. Swing traders may also target 50% retracement of the current wave down to 6321 (-10% fall)....
We are moving lower into wave C as I am looking for support within the yellow area.
As you can seen I am looking for what it's called a flat correction into wave (B).
Feel free to ask questions, trade safe!
Save time. Technical Analysis in just a few words.
Daily Timeframe. AAPL is currently developing a bigger 3rd Wave on the upside.
Long term direction: LONG
It looks like Wave 3 is still unfolding on the upside. A correction will come soon, then a final Wave 5 will push on the upside (probably by the end of the year).
That's it. Have a nice day!
DISCLAIMER: The...
Cardano (ADA) is currently in a WXY (double zig-zag) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag, expanded flat, and a zig-zag. The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and...
●● Preferred count
● USD / Canadian Dollar, 🕐TF: 3M
Fig.1
Friends, hello! Finally got around to the weekly public update. As you already understood, today we will analyze the USDCAD currency pair.
The calculation of historical data presented in Fig. 1 has not changed: I still believe that a series of impulses waves and sideways corrections can be...
We are looking at potential upside on the DAX as we seem to have finished a three wave move into wave 2, with a nice and clear five ave sequence into wave {c}.
It is also possible that we continue lower in a double correction.
Feel free to ask questions and trade SAFE!
The SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around...
Bitcoin moved as expected during the weekend, following our forecast to the letter.
Looking for additional upside to be confirmed before we can say we have resumed the uptrend.
Feel free to ask any questions and trade safe!
Good morning all!
I'll be breef as I the count kind of speaks for itself. It looks like we are ready to resume higher into wave 3 as we are looking at what appears to be a clear three wave move into wave 2.
It looks like TECH will be giving a break and VALUE will come back strong into sector rotation.
CHECK OUT my previous post on the NASDAQ which played out...
All Eyez on TVC:DXY !
The Fate of other Financial Markets is to be decided on X Date of Debt Ceiling
Important Candlesticks prints on *2W and *W
Dollar Index seems to been having stuck between the range of
100.8 - 105.9
so far speaking of 2023's Price Action
However, with the incoming decision of Debt Ceiling this range
can very well be violated on it's...
You are looking at the 1h chart of the NDQ.
Based on my EWC it looks like this pullback is just another bullish retracement which could find support.
We started pulling back after reaching 1.618 (iii) vs. (i) which is the most common fibonacci target for third waves.
Questions are ALWAYS welcome, trade safe!
The count kind of speaks for itself. It looks like we could be near the completion of a considerably large correction into wave (2).
Questions are always welcome, trade safe!
Since the December lows of 3788 ES, I have been tracking a triangle pattern that would have reconciled higher in my target box for a larger B-wave. Readers can look at previous postings to see what I have been forecasting. Last week, SPX Futures breached the 4208.50 level. So, with that, the final micro target of an e-wave was invalidated and thus the triangle...
my pov: We are at the button of a longer term bullish channel starting Nov 2022, within that channel also in a smaller bearish channel starting from 14.04.2023. IF BTC manages to quit the long term channel, we might see 18-21k, or even lower. If not, we will continue the bullish channel up, which happened in March 2023. The wave 4, which we are in right now, is...
Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}.
With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any...
