Hello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective. Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3. After a completed five-wave cycle into wave A/1...
It seems almost that the 2nd wave of bearish impulse is completed in a form of triple zigzag pattern and we are waiting to confirm that by breaking below the boundary of the correction wave channel and continue the journey downside.
The United Kingdom's employment data for the three months leading up to April revealed a higher Unemployment Rate of 3.8% than anticipated (3.6%). The results depressed the pound prior to Thursday's Bank of England (BoE) meeting. This follows the monthly GDP figure released on Monday, which revealed an unexpected drop in April and aroused concerns about the health...
**NEW CHART** Every chart is traded on two axis. Price and Time. Most traders don't give any attention to the time axis. Here is a BTC 4hr chart I drew a week ago. See my previous post on the specific instructions how to draw these. This is a 535 Zig-zag that I pulled fib rings from. This is an incredibly visual way to trade and its easy to follow if you don't...
Price action and chart pattern trading > Leading diagonal - contracting triangle pattern > Entry @ triangle support > Target @ Wave 3 position + 20% upside for short term trade > RRR: 2:1 with -10% downside > Long term trading target primary wave 5 at 1.618 extension zone at 75 baht +40% upside Always trade with affordable risk and respect your stoploss
Coronavirus infections in Beijing have reached a three-week high, the highest since May 22, when the current outbreak saw a record number of cases. Beijing's public schools have been closed till Monday, and all sporting activities have been canceled. A significant chunk of the public transportation system was shut down, as were several retail malls and gyms, and...
As shown, still expecting further downside for a Wave 2. Would expect at least correction to the 61.8, but could extend to the 78.6 as normal for crypto. Will continue to monitor and look for opportunities.
Beautiful Elliott Wave Structure as shown. Haven't seen such a structure other than Bitcoin and Ethereum. Will be tracking very closely and should provide a great opportunity once the 61.8 and/or 78.6 is reached.
Trying to keep things simple, using a combination of Elliot Waves and Fib Retracement. Zooming out to the Monthly, maybe we see a dip down to around the $950 range and then continue up on the 5th wave to $10K+. Publishing this for my own journaling to look back on.
Canadian Dollar/Swiss Franc forming an Elliot Wave Cycle that could to continue up to find the Elliot Wave #5 in this timeframe. But analyzing more deep, the yellow number reflect the Daily timeframe what I draw more better here in my own analysis here: We're forming the phase #5 of this Elliot Wave Cycle. And look in H4, we see that we're in the good point...
After the completion of the 4th wave, the impulse wave will continue forming 5th wave to reach 95.70 zone
It appeared $DXY peaked out last week, but we guess with CPI coming in hotter than expected things have shifted. Surprised to see a higher high and will need to monitor closely. Would expect a move down soon...
We was looking for a 5th wave and it appears we are getting it. Once 61.8 is reached, will need to monitor to see if it holds or we continue pushing lower to the 78.6. Seems there are few safe assets these days as liquidity is drying up.
As shown, beautiful correction taken place as expected. Will create amazing buying opportunity once done. Will need to monitor and take action when necessary. Everything is getting beatdown at the moment.
As shown, we expect this is a wave 2 and correction will continue. Unlike Bitcoin, pattern is different and a much deeper correction is expected as shown. Will continue to track closely.
Bitcoin is correcting as expected. Would expect target price as shown. If it continue to push lower, we would need to revisit count.
Expecting at least the 61.8%... Overall market is still correcting as well as Bitcoin. Expecting around 22K on Bitcoin to finish out this correction.
I have just started tu build a long position on gold. See my latest video to understand the thought process behind the trade, but most of what you need is presented on this chart I am sharing. Cheers!