Wave Analysis with price action and chart pattern trading >A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III. > wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a > wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w...
I've got a feeling... So, my call for Hex's bottom got a bit messed up as TV decided to re-generate the chart or something. That means my previous charts won't load, but my bottom target box was hit (check the related chart), and we've seen some nice moves since then. With Richard Heart's ETH-Fork Pulse Chain launch looking like it's just around the corner,...
We see a drop on crude oil from 130 area as a five-wave impulse into wave A that can be coming to an end around 62 - 57 temporary support area. Current strong drop in the 4-hour chart which can be also considered as a spike into new lows, we see as a final wave (5) of A, so be aware of a corrective recovery into a higher degree wave B soon.
Hello & Welcome to this analysis It completed an Elliott 5 waves from May 2022 lows to Jan 2023 high. Post that Wave A till Feb 2023 lows followed by a Wave B till this week's high. Today's reversal appears to be Wave C down that could probably take it to 115-110 where it appears to have a support based on the consolidation it has had in that area in the...
The American Express ($AXP) Main Trend is absolutely bullish, therefore we currently consider all descents as simple corrective structures of the trend in play. But why am I saying that? Because when you decide to take a position not following the trend, the risk is high, so logic tells us to use a smaller size, at least initially (...there's always time to...
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the...
Technically speaking, the trend on the main time frame is bearish, but at the same time we might get some trading opportunities in the short term. If we look at the intraday chart (4H), we see a small impulsive structure developing, and in this case, we are working on wave III. If our idea/analysis is correct, in short term I expect some pullback which should form...
I’ll get right to the point. NO Now granted, as the reader, you’re immediately drawing your own conclusions about that opening statement. You're probably thinking... The author of this post is obviously bearish and therefore has an agenda. Ok, that’s fair. Then indulge me as I explain, in detail , why I believe todays market participants and financial news...
WBD : Wave projection - weekly price action and chart pattern analysis > The downtrend channel 5 motive wave breakout with a possible valid inverted head * shoulders pattern formation > A potential ABC correction uptrend pattern - a typical wave b bull flag pattern for right shoulder pattern targeting at 0.618 - 0.786 fibonacci retracement of wave a. > If...
From a technical point of view, some consolidation swing is possible on small time frames (15'). As we can see on 15' chart, the FX:USDJPY pair may have developed an impulsive structure (12345). With this in mind, a bullish leg can appear during today's session with a first Target around 136. The market is waiting for the FOMC decision so be careful during this...
This is my count for INJ/USDT, currently correcting for wave 4. usually after a strong bullish move wave 4 is a shallow correction especially if consider the rules of alternation because wave 2 made a deep correction, I am expecting wave 4 to correct between .236 of fib or .382. there's still a wave 5 I am expecting. (i don't trade wave 4's personally, one of...
From a technical point of view, the trend is bullish on intraday chart, but at the same time, the pair is completing its bullish impulse structure (12345), and once it is finished, I expect pullback at least to 1.8697 area (wave 4). My hope is that it can reach 1.89 area before bearish leg, but I'm not sure about that, let's see… Note: Updates will follow below. ...
Using the Elliott wave is likely that the market will go up and is also clear that the market has reach support level and want to make a pullback so going for long is needed
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, I'd like to present an easy-to-follow guide on using Elliot Waves for trading. Elliott Wave theory will require...
In my analysis of Nasdaq 100 on the WEEKLY Chart , I forecast that price is moving toward 14162.23 which is the 1.618 of Fibonacci for Wave C of the Elliott Wave. I utilized the Elliott Wave and the Fibonacci. OANDA:NAS100USD
HELLO FRIENDS, Today I am sharing the possible ELLIOT WAVE counts of BHARTI AIRTEL on monthly, weekly and daily time frames. Bharti Airtel is in wave (5th) of 3rd wave of bigger impulse wave 12345. Generally as per ELLIOT WAVE guidelines, bigger wave 3 may go up-to 1.618 of fib levels which is around 1060 on spot chart and also shown in the charts given...
In my analysis of EUR/USD on the WEEKLY Chart , I forecast that price is moving between price $1.3477 which is the 1.50 of Fibonacci & price $1.3693 which is 1.61.8 of Fibonnaci, for wave 3 of the Elliott Wave. I utilized the Elliott Wave and the Fibonacci in my analysis. FX:GBPUSD
In my analysis of EUR/USD on the WEEKLY Chart , I forecast that price is moving toward price $1.18692 which is the 61.8 of Fibonnaci, for wave 3 or the Elliot Wave. I utilized the Elliott Wave and the Fibonacci in my analysis. FX:EURUSD