In the last post about Tesla I said price was ready to move up. This was a little too early but price eventually bounced from the 100% fib extansion around 101. This ended a nice corrective pattern from the all time high. Since this low price has more than doubled from the low in what looks like an impulsive wave 1 of a much larger wave 3. The wave 2 that followed...
HELLO FRIENDS, Today I am sharing the possible ELLIOT WAVE counts of BHARTI AIRTEL on monthly, weekly and daily time frames. Bharti Airtel is in wave (5th) of 3rd wave of bigger impulse wave 12345. Generally as per ELLIOT WAVE guidelines, bigger wave 3 may go up-to 1.618 of fib levels which is around 1060 on spot chart and also shown in the charts given...
Wave Analysis with price and chart pattern > A possible ABC motive wave bullish scenario with a doubled bull flag pattern support, the price currently within the second bull flag local pattern. > This doubled bull flag is forming a major inverted head & shoulders reversal pattern. > Medium term target @ upper rising channel resistance for bull flag pattern + 50%...
I spend 90% of my day analyzing the various financial assets within my coverage basket. I produce long, intermediate, short and micro price forecasts for my members each day. On occasion, I make forecasts that are clear from an analytical standpoint, but are not from a real-world standpoint. The truth is, whatever the event catalysts are they always tend to show...
currently, CHZ is still in a prolonged correction and is still missing a wave to complete it's correction. one more drop IMO. overall all count is still bullish, still a strong uptrend based on HTF. wave 1,2 and 3 is already complete IMO.
BankNifty is currently moving higher and will reach the upper trend line before starting its correction. Bullish moves can be expected for the next few months before the index finally starts correcting the larger move.
... it can NOT lose the support at 403.90, or count invalidates, and has to break above 419.5 for confirmation, which will likely trigger an impulse higher up.
Gold is near ending 5th wave from the impulsive wave starting from 1617$ per ounce, i am looking for a three wave pullback towards 1937-1840 area to enter longs again targeting new highs towards 2350/2500 $ per ounce. we might see 2055/2060 before this correction might start.....
AVAX price breakout SMA50 with bullish pennant pattern, possible ABC pattern retesting mega inverted head & shoulder TP 0.618 - 1.0 fibonacci retracement of wave B +25% upside S1: SMA50 17.50 and S2: SMA 200 16.00
On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.:...
elliott wave analysis of bitcoin on daily timeframe the latest move/wave does not look like an impulsive move but rather a corrective move as a result, the idea of bear continuation and new bottom occurrence probability shall not be ignored. If it is the case, then we may assume that the market might be in a accumulation phase for extended period of time (as...
Price action and chart pattern trading > Wave projection - Leading diagonal pattern with a possible 5-wave uptrend > Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel. > Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside > Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside > Risk...
Gold is currently approaching its next Fibonacci resistance level of $2096. Once this level is convincingly broken, the next resistance levels will be $2272 and $2463. According to my Elliott wave analysis, gold has started its third impulsive wave, which is part of a higher degree third impulsive wave. These impulsive waves are typically the most explosive and...
According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path...
By looking the price action, in my perspective, Gold is on New Motive (Bullish Confirmation). Invalidation level at the chart. Trade safe, everyone!
As of right now I would say the triangle pattern certainly is the prevailing pattern thesis. A triangle pattern is one that neither gives bulls nor bears much hope or despair as it tugs at both camps because its range bound. For this trader, I would classify myself as bearish on the overall market, however that does not preclude me from getting long for profit. As...
From a technical point of view, this $altcoin could remain interesting in short term, that said, if we look at the daily chart, $SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily close). Trade with care! 👍 ...and if you think...
My take on crude oil monthly wave structure. Working on the idea of classic motive pattern to the upside to complete wave I of (V). What do you think?