The rally in Render appears to be reaching its conclusion. Over the past few months, Render has been an intriguing trading token, outperforming BTC by surging from 0.9 to its monthly resistance level of 2.93 (Bybit). Based on my wave count analysis, it seems that we are approaching the end of the rally at this resistance point. I observe a potential ending...
Gold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends...
Here's an update: 1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release. 2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction. I prefer to wait until structure and pattern...
Here we have a longer term trade for BNBUSDT shown on the daily chart. The Elliott Wave pattern shown in the image is an "ABC" pattern. Blue wave (A) moves upwards and consists of 3 waves: A,B, and C (in yellow). Blue wave (B) moves downwards and consists of 3 waves: A,B, and C (in yellow). In accordance with the theory, wave C in an ABC must end with 5 waves,...
As per my earlier post XAUUSD impulse down is completed and now price action is correcting the impulse in an ABC fashion in 5-3-5 pattern. My target for this ABC is 2020. 2018 and 2030 are the .618%/.786% retracements from the impulse down wave from 2048-1969. If we see any rejections on daily on these levels one can go short. Trade Safe!
Hello Traders! As you can see from the price action, XAUUSD is in sell mode as of now. Currently we are in 5 wave impulse down with a target of 1971.
BTCUSD Bitcoin is possible in wave 2 which is retracement against wave 1 since 21st November and can be completed near 20k. So this can be short candidate with invalidation level of 25271. Disclaimer I am not sebi registered analyst My studies are Educational purpose only I am not responsible for any kind of your profit or loss Please consult your Financial...
Clean uptrend structure :) wave 2 retraced 0.786 + ny session it will moon may be today or tomorrow cpi
EURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most...
Here we are predicting on GBPUSD that the market will move down a little then push up high so if your selling you need to be very careful as the market favour more on buying.
BTC completing 4th wave going test 20900 21200 then 2700 BTC running 4th wave forming falling wedge consolidation breakout here will lead to 27k 31K
Gold looking for a good drop ! expecting a impluse wave towards downside ! may be a 3 rd wave of A according to elliott wave theory !!
HEAD AND SHOULDER IN BANKNIFTY. This is not a trading idea but and educational thing to know...! Thanks
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
Long term zigzag is about to be confirmed within the next month. We need a higher low, followed by a break of the local high to confirm this thesis.
I think we haven’t reached the EW bottom from the all time high but due to this quick spike we are in a bull trap correction. This is how I see it playing out before ultimately coming back down to possibly 6.25k. My next level up is around 26,5
Audjpy in the 4 th wave structure , abc correction , a cute impluse ride is going to begin towards the downside :) let's see how it plays out
Market structure changing from now :) let's see how it goes