Price action and chart pattern trading: > The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern > A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension. > Support @ S1 -7% and S2 -10% downside > Risk reward ratio: 2:1 > MACD squeezed momentum under the...
Disclaimer This is not actually 100% correct analysis Trade at your own risk
a brief discussion on ethereum. how it is moving according to the elliott wave theory and currently we are in which wave and how we count it and take the targets.
Ok so this is a bit out there but its entirely possible for Bitcoin. Especially with the current financial climate. Do not take it too seriously as triangle patterns get invalidated all the time but its one to definitely have on the radar. This is how I would see us get to a 10k BTC. We can only look at bullish or bearish patterns and follow them till they get...
The downtrend in gold should be on its last moves. The target of the final wave should be between 1594 and 1608. At the moment, it seems most likely that it then goes in the direction of new all-time highs, however, from the mentioned level, only a larger correction can start.
-As discussed yesterday Nifty confirmed wave 3 & today itself it gave retracement of wave 4 -From now on nifty at the time of closing Nifty gave very small bounce from 17779 which is where 38% level is -We can assume that wave 4 is completed here & from tomorrow we are heading towards wave 5 -Target of wave 5 is 17919 also because our wave 3 was extended & wave 5...
The best Metal stock in Nifty 50 to invest your valuable money is Tata Steel.I t will give you the best returns in coming time more than 100 % as you can see the projected target for next third wave is 288 rupees.
The Gold Commodity has been moving in the Impulse pattern in the weekly timeframe.Now he gold is in the Wave 4 Double three pattern W-X-Y which will complete around 1670 and 1575 usd levels.After the end of his wave 4 correction the gold will move into a big wave 5 impulse target above 2200 usd as shown in the chart levels.
if it is in a zig zag correction then it will do something like this. Most likely however, wave 3 will be longer etc and the first 5 wave move is just an estimate of the usual fib points each wave reaches. The whole zigzag will probs reach 0.5 of larger wave 1, which we will then see btc impulse down quite hard i presume if this is all true. what are your thoughts?
possible zigzag correction, short entry with low risk. First TP at the the .618 fib and second near the bottom of the channel. SL above (B). Enjoy the decline! ;)... should happen fast, like tomorrow probably, or will look for an early exit.
According to my count, bitcoin's target is 28-30k then downtrend again
On 2H TF A drop from 2070 to 1680 that has completed an impulse wave and it's pulling back right now. OANDA:XAUUSD has a resistance at 1840 - 60 Let's wait and see
BTC is currently forming a Rising Wedge pattern with proper Elliott Wave Counts. We can expect Wave 5 to reach around $25250, from where it may start dropping and breaks below the Rising Wedge Pattern. 1 Day 100 MA is also around @25200 currently. So a rejection can lead to this drop. We can expect a 15% drop into $21500 levels next week. >> This is not a...
may be we are in last leg of this rally, so for tomorrow considering gap up scenario this is what I'm expecting, overall short is not advisable. and expecting market to top out on Friday or Monday. Im not an SEBI registered advisor, so risk v apna apna aur ishq v apna apna, happy trading
DXY, I believe is completing an impulse up for wave 1. We should soon see a wave 2 pullback soon.
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
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
I think AUDUSD has a good potential to fall for short term view. It complete wave A by an impulse and wave B by a flat and everything is OK for wave c. So we can test our chance to get it . Goodluck.