Moving exactly as forecasted in the previous update(see attached post) Looking for further downside into wave 3. As always feel free to let me know in the comments what you're thoughts for Oil are! Trade Safe!
looks like a massive ABC bullish correction. For now I think a correction to the box shaded area is likely. But into late 2024 early 2025 I think we see many strong impulsive wave counts taking ALGO over $7
We have been bullish on Bitcoin for quite some time, as my previous posts can witness. Looking for a potential upside resumption in place as we could now expect a series of wave threes and fours. As always feel free to let me know in the comments what your thoughts on BTC are, if you enjoy the content, please leave a like. Trade safe!
EURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective: First, there was a move up to 0.86105 (Wave 1) . Then, an ABC correction in wave 2 brought it down to 0.85239. The uptrend continued in wave 3, reaching 0.87094. After that, a corrective wave 4 formed a triangle...
The BTCUSD price has just completed wave 2 and is on course for a fine wave 3 (broken down into 5 orange sub-waves here), supported by a bullish divergence and the break above the weekly Ichimoku cloud. Wave i could continue its ascent before hitting resistance at 32k. Wave ii would then retrace 50% of wave i to bounce off the 2021 double-top support. Wave...
I assume that wave 4 is completed, but it is possible to update the local maximum in the area of 1.23023. In any case, I consider only short positions with the aim to complete the 5 wave structure. The nearest target is the minimum of wave 3 at 1.20410. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I assume that the price will make a correction of wave 2 to the area of 38.2% - 50% Fibonacci levels 1.36646. In general, I assume that the price will fall after the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I assume that the price will make a small correction to the 38.2%-50% Fibonacci level area of 1840. Once the target is reached, I will scrutinize the situation. It is quite possible that after that the price will renew the high of 1865. 1865 is the level of zeroing and in this case we will have to redraw the waves. Manage your capital correctly...
A quick word on what is going on with Coca-Cola. It seems like we are seeing the largest correction from the Covid lows in March 2020. Looking for another leg lower into wave (C) before we could expect some upside. As always feel free to as questions and leave a like if you enjoy the content! Trade safe!
Dear Colleagues, The price continued downward further than I thought it would. I believe that wave C may reach the support area of 81.94, then I expect the price to rise. The nearest target is the resistance area at 87.89. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I assume that the price has completed wave 3 and is starting the correction in wave 4. The nearest target is the support area at 1.36293. The price may update the maximum, then the target will not change. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
This is my preferred count for OIL as the most recent downmove was so violent that it seems to be the beginning of a new trend. Looking for continuation lower into a three wave move to compose higher degree wave Y. As always questions and comments are more than welcome, if you enjoy the content please leave a like and as always, Trade Safe!
Dear colleagues, I analyzed gold for a long time and realized that the price has updated wave 3. This means that I am waiting for a correction of wave 4, after which I assume that there will be an update of the low of wave 3. At the moment I expect correction of wave 4 with the aim to reach the area of 38.2%-50% Fibonacci levels 1840. Manage your capital...
Dear colleagues, the price continued its downward movement. This means that wave 4 is stretching further than I thought. At the moment I assume that the price may reach the support area 32613.28. Then I expect growth and the beginning of the formation of wave 5. The nearest target is the resistance area 33587.94. Manage your capital correctly and competently!...
at the moment the price is completing wave 5. It is possible to update the low, so I am marking a wide area for a set of long positions. The nearest target is the resistance area at 1.06130. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, at the moment the price is completing wave 5. It is possible to update the low, so I am marking a wide area for a set of long positions. The nearest target is the resistance area at 1.22656. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
This is a brief intraday analysis of GBPUSD. Following a recent downward trend, I anticipate a corrective movement in three waves to the upside. It appears that the first phase of this correction has either occurred or is close to completion. From a Wyckoff perspective, a trading range has been identified within this correction, along with a spring action. I...
Looking for continuation higher in the Nasdaq once we reach wave {c} target of equality with wave {a}. Looking for one more leg lower before resuming higher. Feel free to ask question and leave a like if you enjoy the content. Trade safe!