Ethereum is coming nicely higher as expected based on Elliott wave theory and it's now even extending the rally on the news that Blackrock Ethereum ETF plan is confirmed in the Nasdaq filing. On a daily chart, there's a chance it's trading in wave (5) of a potential leading diagonal formation or alternatively maybe even in wave (3) if we see a decisive break above...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. you can copy it for yourself.
Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that,...
Hi Traders! From a technical point of view, the trend is bearish so trying a bullish trade is very speculative (high risk of failure), so it should be right to try to take a long position with a small size, possibly there will be time to add new positions. Having said that, we have greatly simplified our setup on the chart, because we will look for some reversal...
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
The stock was seen rising in march 2023 in wave 1 all the way till June 2023. The retracement to this wave came in next 1month through the month of July. Then from July till late September the stock was seen advancing up in wave 3.It spend the month of October subsequently in wave 4 corrective phase and now towards the year end, the stock is ready for wave 5 take...
We've all heard that the small capitalized publicly traded companies lead the larger cap companies, more so featured in the broader indices. A quick look back shows the Small Caps Topped in November 2021, whereas the Nasdaq and SP500 did not top till January 2022. Subsequently, the IWM bottomed in June of 2022, and it took the NDX and SPX till October of 2022 to...
The precious metal has gained more than 8% since Hamas attacked Israel. While the war will continue to drive haven flows toward Gold, further price gains also hinge on the Fed’s rate cycle nearing an end. This will result in retreating US yields, reducing the opportunity cost of Gold.(Source: FX Street) From Technical Aspect, XAUUSD is forming Wave C of (2),...
Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, currently with subwave C bottoming because of the bounce away from $21.00. Notice that rally back above 22.33 horizontal swing level is strong and impulsive, so ideally that's going to be part of a new...
---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...
Possible HTF count if conditions are met. Would be looking for the 3 to top before 1/2ing around SWB:69K
The second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date. The wave 3 target for the stock in the 3-5 year term turns out to be around $68.
Projection based on Elliott wave theory, support and resistance as well as supply and demand. Buy area is 14,3-15,7 with right price action on daily and weekly with target above all time high.
1. Less Bearish Scenario We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come. The difference between the 2 scenarios is the higher timeframe. In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22. Once is done a new cycle will begin. 2. Bearish scenario In the bearish...
Hello everyone; PMI and ECB have interest rate decisions this week. Therefore, there will not be much volatility until this data. I don't have any predictions about this data yet. I will wait. However, in general, my goal will be as in the chart. I have a total loss of -2rr from the transactions I shared last week. This week I will take my transactions again...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Last time i expected 1 more high at 34000-34400 (as Ending Diagonal on C) to start downtrend, it failed. This is my new perspective on Dow Jones (US30), i strongly believe there will be a bearish to come. Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
As the chart progresses, old post was shared wayback Dec 2022 when the index has completed the Wave A leading Diagonal, the 1st impulse of the 3-wave corrective of the bigger cycle. Currently, Wave B might have already topped off on the rejected 4600 zone. I'm seeing a potential 3rd and the last impulsive of the greater corrective cycle which is at an unbelievable...