Dear Colleagues, the price went up confidently and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and soon I expect a correction to the support area of 1.08664. From now on I consider only short positions! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I believe that the price is completing the corrective wave 2, which may go down to the support area of 147.656. After that I expect the price to rise at least to the resistance area of 149.703. If the Invalidation level is reached, the scenario is canceled. At the moment the most important thing is to understand where the end of wave 2...
Dear Colleagues, this scenario is an alternative to the previous one. It is quite possible that the price will continue to decline at least to the area of 100% Fibonacci extension 1.08054. Wave 3 is never smaller than wave 1. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
dear colleagues, I assume that the price has not completed the upward movement. At the moment I see the movement of wave 3, which will reach at least to the resistance area of 150.148. Perhaps the price will make a small correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, the price has reached the Invalidation level. This means that wave 5 has extended higher. At the moment I consider the possibility of price decline in correction a b c to the target support area 1.24000. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Currently unfolding V Wave On H4 DAX. I'll watch for end of V Wave, I would like to see divergence on RSI and 5Waves with overlap as end of impulsive wave V. If you play longs on lower TFs be carefull for overlaps and watch out for dump on the end of V. Also keep in mind Invalidation levels. More info in Chart
Dear colleagues, I believe that the price is completing the movement in the corrective wave 2. Perhaps the price will renew the minimum, but in any case I expect the price to rise at least to the resistance area of 1.09716. This will be the beginning of wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The end of correction is evident by today's price action. Engulfing entire 'C' wave. Today smart money bought slowly and steadily reached above 19452 . 5 wave downward push is completed and it is visible on EOD chart. buy at 19300 pull back next week for handsome profits
A typical bear market rally consists of upbursts in quick fashion. If the first 5 waves down weren't so obvious I wouldn't have gone for a ABC in retracement. And now looking at it it doesn't make any sense. The overall crypto market shows a lot of strength. So for this to play out there must be coming an unforseen event.
Are we getting close to our first real correction since the beginning of the pump of September? As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition: 1W: decomposition of 3rd wave monthly 1D: decomposition of 1st wave weekly 4H: decomposition of 3rd wave daily 1H:...
Elliott wave count on Gold suggests additional upside as we seem to have had a three wave move in what could be a wave {ii}. Feel free to ask question, leave a like if you enjoy the content, Trade Safe!
This is why it could be done already Matches perfect for an expanded flat! If this count is incorrect ==> Check my related idea at the bottom I hedged my long position with a short ==> Entry $36,580 Good luck all <3
---Elliott wave analysis--- As you can see on the daily chart, There is an impulsive cycle from the low of 5960 that validates all the required rules of the Elliott wave principle given below: Wave (2) can never exceed the starting point of wave (1). Wave (3) can never be the shortest wave among (1), (3) & (5). Wave (4) can never enter the price territory...
The GBPAUD currency pair is presently undergoing a bearish trend that originated from the level of 1.99734. My Elliott Wave analysis suggests that the market has likely concluded a five-wave sequence from Wave 1 to Wave 4, and the pair is currently within Wave 5. This is confirmed by the break of the trendline to the downside. This is similar to the GBPCAD...
The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process...
Cycle Wave V extended MIL:BTC elliot wave analysis Bitcoin’s first super cycle will end in 2030-35 with a bear market till Wave ② of V
We're within the correct pattern of ABC, when the impluse is completed, we usually catch the wave 3, because it's the biggest trend from the elliott wave theory, if you guys don't catch it at the top, then we can wait for breakout the red line.