Watch for price to finish a small correction then look to hop in for the Buy set up
Hello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the...
BTC is (almost) done with its 5 wave impulse up. Time for a correction. We can already spot bearish divergence on the daily RSI, so perhaps there's a small push up left but then its time to correct. If this plays as a 1-2 of a higher degree Elliott wave the most probably place for the 2 to end would be between to 50%-61.8% fib levels
Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil. OIL short-term Elliott wave analysis suggests that the rally to $75.31 high ended in red wave III. Down from there, the larger correction in red wave IV is taking place in 3, 7 or 11 swings before Oil resumes higher. The internal of the first leg of the decline from $75.28 high took place...
Cup and Handle pattern taking shape and almost complete. All that is left for completion is a break out of neckline. This big move will reap hundreds of pips and you herd it here!
Hi Guys! Today, as usual, we are looking at the BTC/USD and to be on honnest it looks pretty good! During the third wave, we found a top at the trend line that was the support previously, and now I think we are retracing to the support, which is 7k, and we didn't test it yet, so let's see if it'll do it's work. I am trying a little sell here, but my SL is not...
Well that 3rd wave went up a bit higher and a lot faster than I expected. The bulls broke hard through the long term downtrend pink line. Now they need some good consolidation and retrace on the 4th wave to garner more support to get ready for the 5th wave. Ideally, the 4th wave retrace will drop back to the 6800-6900 level which should prove to be a good level...
Expecting to see 1.1865 minimum to see the end of wave (4)
Every great consolidation has a trend in the end.
The M30 chart of GBP/JPY is in the formation of full Elliot wave pattern Currently It is in process of making the corrective wave waiting for the c wave formation long now with the expected target of 148.160 value
Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil in the 1 hour chart. The commodity ended its cycle from 8/1/2016 low (39.19) at the peak of 07/03 in red wave III and currently, it is correcting that cycle in 3-7 or 11 swings in red wave IV lower before the rally can resume. Near-term it ended blue wave (W) at 07/12 low (69.23). The...
Nice double top formed around the subwave 4 on bullish reactionary wave in downtrend correction... it's not over yet... media says 'going to the Moon' so look down Record high NDX and broad-market Nasdaq today, all-time high for MSFT now trading at market cap $800Billion... can you say bubbly?! Rate hikes- check; inflation - check; t-bill rate inversion - coming...
Wednesday's pullback looking like a subwave 4 now expect a final subwave 5 push to possibly 25100 pivot for short entry sometime next week; This last pushup will likely terminate correction wave B and usher in wave C downdraft. Anything can happen though; market is irrational- good luck!
5 waves completed now busy with an ABC correction. Looks like the A wave is already in and we're now busy making the B Will short once B is completed.. BTW. TradeDevils announced a contest where you can win free memberships to their trading university!!. Click here to enter: wn.nr
I remember buying this stock back in 2012 at around 30/shr and held it through the bull run. It's sad to see this drop so much in such a short period of time. With the rising cost of coffee and the cutback in construction, I am assuming there will be weak guidance for this upcoming ER. Next week, we may see an ER run up to the 38% - 61% fib before the next...
Hello Traders, In this Analysis, we will have a look at AUDUSD. AUDUSD short-term Elliott Wave view suggests that the decline to $0.7308 low ended blue wave (A) coming from 6/06/2018 peak ($0.7676). Above from there, the 3 waves recovery to $0.7484 high ended in blue wave (B). The internals of that blue wave (B) unfolded as Elliott Wave Zigzag correction where...
Hello Traders, In this Elliott Wave analysis, we will have a look at Bitcoin in the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 7 or 11 swings, targeting the equal legs from 06/24/18 low towards 7289.04-7529.43 areas before it can turn lower again. The cryptocurrency...
Looks like the 4 is in and we're now down to the 5