In this analysis, I talk about how I used Elliott Waves to count the moves of Hang Seng Index from Jan 2018 to 24th Nov 2023. The main points to take note are these: 1. The corrective move down in 2023 is over. 2. We are still in a minor corrective move down. 3. But a wave 3 up is round the corner and that it will be an explosive one. 4. The risk is low for this...
Hey folks, In this article, I’ll give you an update on USDMXN, which we’ve talked about before. You probably noticed that the Mexican Peso (MXN) has been quite strong for the past couple of years, mainly because of higher interest rates compared to other places, USDMXN short was a good carry trade. However, things have started to shift a bit recently....
Broken Trendline Keeps USDMXN In Downtrend For Wave 5 from technical point of view and by Elliott wave theory. USDMXN shorts are doing very well as we mentioned and highlighted on October 12, when we spotted a corrective recovery in wave (4). As you can see today, USDMXN turned nicely down from projected resistance and it can be headed much lower as bulls...
Currently I have NVDA starting a c-wave of iv down to 467 minimum. If at anytime price breaches the $449 area, chances become very high, NVDA may have topped. Under that scenario, I expect price to find support in the $400 region and to hold that area and rally, could mean that is our minor a-wave bottom. Suffice to say, if you own NVDA, raising some cash at...
DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
Hey guys, CAMS looking in wave 4 of minute degree. We had projected a target of 3200 initially when we tried to capture the moves of the CAMS. Now flag and pole pattern in the making and this may max go to 2712 downside and upside is not restricted before 3200. this is purely for educational purposes. do not try to jump into the trade before asking your fa. Thank you.
Today's session will be very important for FX:EURUSD pair, especially after the data that will be released later. Having said that, the trend is bullish on intraday chart and the next bullish target should be around 1.1045 area. From a technical point of view, this rally was supported by the bottom swing formed around October 13th (see analysis below). The...
Hello Crypto traders! In today’s article we want to update Ethereum chart with ticker ETHUSD. We already talked about a nice bullish turn from the support in the past updates, where we have been tracking a new five-wave bullish cycle. As you can see today, ETH made nice and clean five-wave recovery, which indicates for more upside, at least towards the April...
Technical analysis From the point of view of technical analysis, we believe that the EUR/USD pair has completed the corrective wave Ⓑ after reaching the price range of 1.0945-1.097, which has also been a strong resistance zone over the last few days. After which, we expect that EUR/USD will continue to correct within the impulsive wave © until it reaches a...
In 2022, the stock market took a hit and the US Dollar gained strength due to higher yields in the US. Toward the end of that year, as yields eased off, the US Dollar lost some of its power, and this coincided with a rebound in stock market performance. Now, as yields are climbing once again, the US Dollar is regaining strength, but it seems like stocks are...
BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways. This is not a buy sell recommendation please ask your fin. advisor for more information before going for a trade.
From a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below...
Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave...
INJ is performing very well in 2023. The waves are quite similar in price, there is a possibility that the structure could be diametric. In this case, I would say that $13 is a very good level in terms of costing. The point to watch out for is the possibility of the structure turning into a symmetrical structure because in this case it should touch the 'dashed'...
Here is my view for Bitcoin at the moment! TBH i went short @ $37,950 With a tight stoploss at $38,090 What do you guys think ???? Write it in the comments!!! Thanks for sharing/boosting!
The Stock is looking like coming out from wave 4 correction and is in the right demand zone, ready for its next move up towards 225 zone(25% from CMP). It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY). 190 is the crucial support for the stock and 185 can be...
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.