BINANCE:BTCUSDT Wave 2 onset and Harmonic Pattern It appears that both patterns are likely to emerge soon. Please be cautious. However, if the price can go back above 32K, we may witness a strong reversal.
BINANCE:BTCUSDT Finally, wave B is starting again after wave A has completed. Let's watch together to see if wave B will be destroyed so that wave 5 can expand or not.
DXY still pumping along with weakening momentum.
Is now breaking out diagonal support as a sign of correction.
We will see some short-term relief bounce on other asset, stock, crypto, gold IMO.
Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area.
Note : Fed % rate catalyst is still strong that could make this plan invalid.
Hello traders and investors!
Stock market is closed today due to Easter holidays, but we want to share an interesting development on technology sector NASDAQ100.
NASDAQ is turning back down in current risk-off sentiment, which may last for some time, as we see a new intraday five-wave bearish reversal from the previous highs.
In Elliott wave theory, every...
Let’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe.
From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down.
From the Hurst Cycles perspective, the composite model line...
Reminder
Like announced in the precedent analysis of LUNAUSDT, the Elliott Wave 4 is confirmed, thus validated the short position.
Technical Analysis
We now enter in the 5th wave, the last Wave of the Impulsive Pattern.
It offers us a long position .
Even if the price rebounded at the Fibonacci 0.786, I place the target profit at 1.618 to higher...
We are in final wave !! Eth follows btc , so if we break from here , then market totally going to bearish , but according to historical data , 2013 and 2017 we will have some crazy bullish moves in november and december !! , after the volatality we will enter into the bear market may be by next year !!
After the correction in wave c, the price movement will go up to wave 3.
if you want to open a buy position, you should wait for the confirmation pattern to buy
After the impulse phase, the price movement will be followed by a correction phase and vice versa.
And the correction consists of zigzag, flat, triangle, and combination patterns.
I think AUD/usd is now in a bearish correction.
If the price manages to break through the upward channel line, it can be assumed that it will continue the main trend, which is bullish
Tomorrow (10/09/2021) we could experience the confirmation of the initial phase of wave 3, since today the price could not penetrate the zone of the lows that RHE left on September 7. This is a possible signal to enter in the purchase of the fractal major: it began with the low of August 17, in September 31 completed its first wave.
The key is that in the morning...
