The current correction on Bitcoin looks incomplete, but it's difficult to be certain if it's a flat or an expanded flat. If it's a flat, it's very close to complete, and a fast move up can be anticipated. If it's an expanded flat, then wave 5 of the C wave could extend. I'm inclined to label it an expanded flat because the wave B move appears to extend more than...
The soybean futures continues performing as anticipated. Wave B in place and the wave C in progress.
SP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as the recent bounce to 4492-4543 resistance area looks like a corrective wave, ideally wave (B), so...
Hi everyone! In the past few weeks we have already traded FX:USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation. ✔ At the moment, we remain below an important resistance (not shown on...
In this video analysis, we dive deep into the current state of Bitcoin's price action. We'll explore the critical M formation that emerged in June 2021 and how Bitcoin is currently resisting its lower boundary. We'll also discuss the ongoing corrective b-wave within the larger wave C, examining potential upside targets. Join us as we analyze key support and...
The Global Education chart looks so good when it is making a triangle pattern. The five waves such as the abcde of the triangle are complete and it is directed upward. The move from here is near about 50%. Play with your risk and you will earn good money on your capital. Thanks
3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III. The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider...
Hi everyone! Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A...
From a technical point of view, the trend is bearish on intraday chart, but at the same time, the FX:EURUSD pair could trigger an interesting corrective structure. That said, with a short-term bullish view, it is possible to build up long positions and try to let them run all the way to Target 1. Don't forget that the Big Bears still have open short positions....
Bitcoin made nice and clean impulsive five-wave recovery away from the lows, which from Elliott wave perspective indicates for a bigger recovery. However, after every five waves, there comes a three-wave A-B-C corrective slow down before the uptrend resumes. Bitcoin dropped sharply recently, but the current leg down from 31k can still be part of a complex...
The area of ES 4256 is welcoming to all who have a trading thesis. Whether you're bullish or bearish, that remains the short term target for SP500 Futures. Once that level is reached, it becomes a jump ball. In the above chart you'll notice an impulsive 5-wave count down labeled in BLUE, and an orange count labeled abc with an arrow pointing higher. The 4256...
BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global...
Dear Traders, USDCHF is currently undergoing the final phase of its downward trend, known as “wave 5” in Elliott Wave Theory. In accordance with the scientific description of waves, wave 5 consists of 5 sub-waves. At present, wave 1 has been successfully completed, and wave 2 has retraced to approximately the 0.618 Fibonacci level. Wave 2 retracements often...
On this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
Could happen, it’d be pretty crazy if it did. 2022 to now is a very clear 5 waves down, 3 up. At this point it could still pivot to the upside, but an over inflated market x rising interest rates.. I’m packin bear spray DRV - 3x Short Real Estate ETF Stop Loss: $40.50 Current Price: $47.72 First Take Profit: ~$80
Looks like a 5-wave Elliott wave move up, with waves 3 and 5 hopefully hitting over the weekend. Wave 0 starting during the NYC session/reversal, potentially offering-up a nice “market maker weekend trap”, topping-out at wave 5. If true, price should also retrace back down for the “midweek reversal” next week. Invalidation (stop loss) would be price closing...
Current sugested count for BTC would be a sideways combo containing W Zig zag X Flat Y Flat Even tho this looks like an Flat structure, we cant have flats in waves B of a bigger flat accorrding to Elliottwave international. Green areas are places where i am waiting for potential supports and bounces. If we are creating (i) yellow (ii) yellow, this could be the...
Im of the opinion that we are printing the wave 3 of the last leg of the drop of Orai chain. This will go along with the last btc drop. If Btc is actually making waves 1/2. Accumulate. Then Send it!