As we said in our latest analysis about FX:AUDUSD pair (see chart below), our resistance area has worked properly, and pair has triggered a bearish leg. Having said that, drop has been fast and this confirmed the resistance validity. From a technical point of view, we are now looking for a continuation or reversal pattern on intraday chart. In the next sessions,...
According to socionomics, Elliot waves can help in projecting the possible social mood of traders reflected by the price movement. We can see the possible area for the end of wave C as the potential end of wave 2 and the start of bigger wave 3. Time wise, if the 12345 wave take 61.8% of the movement and ABC correction the remaining 38.2% time, we can project the...
The technical structure on daily chart is still very interesting, our short term setup has been corrected (see chart below), but now the pair is approaching an important long term resistance around 0.6880 area. That said, we still don't rule out some bullish consolidation in short term, but once the impulsive structure on 1H chart is completed, we expect an...
Technically speaking, the FX:AUDUSD pair has triggered an interesting rally during the past week, and this swing could still continue with the development of a 1-2-3-4-5 impulsive structure in near term. If we look at intraday chart, on 1H time frame, the pair should trigger some pullback (or corrective structure) which could be used to take long position. ...
In the short term, it might be interesting to follow the FX:AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation. Trade with care! Like 🚀 if my analysis is useful. Cheers!
If you’ll remember in October of 2022 when the SPX had declined 27% since the January all-time highs. It seemed the sentiment and market news were uber bearish with back drop of the Federal Reserve hiking rates by an unprecedented .75 points at its FOMC meetings at the time . Around the December lows, we began discussing in my trading room what the sentiment...
Veracity looks set to pamp! There's multiple golden corner mean reversion trades in play with 80% odds of hitting their targets (as long as the lows hold). This Elliott wave count suggests that Verasity could be entering the most explosive wave, the 3rd with multiple algo targets above. In the past I've noticed setups like this often fail to hit the LOG targets...
Hello everyone, Reliance is just completed corrective B wave, now C wave is starting, target is 2430. Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
FX:USDJPY is looking higher. Find out from this video idea what are the long-term and short-term #elliottwave counts and how could you trade it
Our last setup was correct, the FX:AUDJPY pair completed the harmonic structure and subsequently reached our Target 1 around 93.95. Having said that, on the 1H chart we have resistance around 94.45 (swing) and then 94.95 (Target 2), and from one of these areas the pair could trigger a pullback. Unfortunately, I don't have a clear short signal at the moment, so I...
A potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone. A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%. Good Luck
Bitcoin could enter a strong 3rd wave down soon which would likely send the price down to as low as 20700. Due to the formation of the 5 clear waves in orange, the next major move looks like it will be a steep drop down. A good entry on the short is at the Entry prices shown below. The volume profile on the left hand side shows a significant amount of volume at...
Hello everyone, Here is our update on NIFTY ELLIOTT WAVE perspective. Nifty is completed its current wave1 impulse. Wave2 correction is started, first target is 18030. Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
$DollarIndex could trigger a 3 or 5 wave swing on daily chart, and if this happens, the first Target should be around 106/107 area. That said, the trend remains bullish and the index should be bought on any correction. The technical structure on intraday chart is also very interesting, and it might be useful to develop it in our updates below as well. ...
NSE:NIFTY currently into iii (pink color) of 5 (orange color) of 5 (blue color) of 3 (gray color). Wave ii (pink color) retraced wave i (pink color) by 61.8%. As Nifty is currently into Wave iii (pink color), expecting Nifty to take out the trendline (purple color - from ATH to recent high) resistance around 18650 by providing a gap-up opening tomorrow above...
Turkish description is below. Im expecting a bull rally for zecusdt to hit 305 usd between 6 March and 1 May 2023. This comes from end of Wave C which made ending diagonal as shown on the chart. Note that this post should not be considered as financial advise. 6 Mart ile 1 Mayis arasinda ZECUSDT paritesinin 305 dolar olmasini bekliyorum. Bunun sebebi C dalgasi...
Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers