Hello traders, As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points. The Federal Reserve anticipates that the federal funds rate will continue to rise. On June 1, the committee will begin to reduce its holdings of Treasury securities,...
If the trend line will be broke in few weeks ahead. we will see a significant retracement to 80. We think there is an opportunity to buy apple in 80 dollars.
Let’s discuss the price chart of the AUDNZD currency pair based on the Daily timeframe. From the Elliott Wave perspective, AUDNZD appears to have completed Wave 3 (circle), and is now moving countertrend in Wave 4 (circle). The subdivisions within this bullish price move are quite clear. The most probable termination point for third waves is a 38% retracement,...
If there is one thing I love about APE it is the way it respond to Elliot Wave analysis. Wave 1 ending at $17.298, wave 2 respected the Fibonacci retracement level of 0.786% at $9.505 then consolidated forming the a,b,c,d,e corrective Elliot wave 2. After breakout we see the 1.00% Fibonacci Extension perfectly at $19.580. (now this is where the trap occurs most...
Looks as though btc has completed a textbook elliot wave ABC correction. btc is currently moving within this pitchfork. The bottom of the pitchfork is lining up with an area of demand. I think a return to 47,000 is likely. somewhere in the next 2- 3 weeks is my guess. This is not financial advice. This is for my reference and record as a hobby trader.
LICHSGFIN : After giving a breakout from a wedge pattern, It has completed it's first waves 1 & 2. Now ready for it's next move wave 3. -Definitely not SEBI - Registered. So, this is only for educational purpose.
AARTIDRUGS, after giving a breakout from wedge, looking for a breakout for the a,b,c, correction. One may enter after breakout and retest by following strict stoploss. -Definitely not SEBI - Registered. So, this is only for educational purpose.
Looking for a B wave bounce soon, would like to see this 4th wave end around 50% retracement. I would recommend calls....but not yet..... chart shows no sign of bottoming yet.
Let’s discuss the price chart of the USDJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave (5). The parallel channel also confirms this analysis. Additionally, most momentum oscillators are forming a bearish divergence pattern, which is typical at the end of fifth waves....
Tesla has broken down the corrective channel, and the price surged rapidly. Currently, 3rd has reached 161.8% of wave 1. After completion of wave 3, the price will start its corrective wave 4. Traders can initiate long positions after the accomplishment of wave 4 for the targets of 1056 - 1113 - 1210+.
Hello trader, good mood and profitable deals! 💲 GOLD 2 hour chart EW - Analysis This is my Elliot Wave main count!! EMA 10 - 13 - 20 and EMA50 in red are also geared towards EW. EMA50 serves as a strong support. This should hold otherwise we should prepare for a stronger bullback or trend change! I would like to mention that all I post are just options and my...
APE is interestingly forming a corrective Elliot wave 2 pattern on the 4 hours timeframe. The "d" is the next resistance target after which a retracement to "e" (support) will occur before we could see a new "ALL TIME HIGH". You can buy around $12 - 12.25, set your stop loss at $11.82 and take profit at $13.10 - 13.4 for quick profit. If all analysis fails,...
I know, I know... Bears wants those shorts to print hard, but we are not seeing this in the forecast... Expecting further upside soon... Relax, Be patient, and EnJoY the Waves...
Let’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down. From the Hurst Cycles perspective, the composite model line...
Looks like also C of B of (B) is a straight line. First target hit and smashed. Next probable targets the Fib's on the chart.
Gold looks like we have completed the impluse wave , and right now i feel we are in correction or it can a impluse wave too so i feel after few retracents we will meet over there , let's see
Ideal Retracement The retracement started with Wave A, then Wave B and C The Wave B will be 61.8% of Wave A The Wave C shall casually about Wave A, more importantly it shall squeeze below point A (which is also around lower zone of Wave 4) The entry point shall be on the candle to bullish signal. Target to challenge previous swing high of Wave 5. May...
As we expected, SPY completed its 4th wave and tagged the .382 fibonacci retracement of the 3rd wave. Now, SPY will begin a multi-week rally that will take price to the $480-490 level by approximately the beginning of May. Then you will want to "Sell in May and go away" because SPY should then retest the $430 level for support. Still on track for $550 by Q4 22 or Q1 23.