Is it time to sell all your EUR and convert it into USD? My chart says that this is a good idea because I expect a 20% crash on this pair. In this analysis, I will tell you why, and I will also analyze the DXY Index on the monthly scale. If you are an intraday / swing trader on forex, you have to know what the major trend is. Are we in an uptrend or a downtrend?...
After reaching the $185 mark, Solanium headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have...
FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we...
GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on...
BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case...
In early July bitcoin concluded a correction of the five-wave run up from 38.5 k (January), reaching a local low at about 53.5 k on July 5. In two weeks, the market has embarked on a strong rally of about 14 thousand points. The structure of this leg appears to be that of an extended first wave, with a sequence of 1-2-1-2—3-4-3-4, with only the fifth wave...
SMCI has pulled back from the peaks, now it's trying to catchup with it's peers. Long anywhere here Target#1 1000 Target#2 1260 Stop Loss 650, it's little wide but that's the level to invalidate this move.
Hello friends In the EURUSD currency pair, we see the formation of a complete 5-wave pattern. This impulse wave should be modified by a zigzag. Wave A is a zigzag forming and its waves 1 to 4 are formed. Micro wave 4 is similar to a triangle and we can enter the SELL trade after breaking the trend line drawn at its bottom. We expect this correction to continue...
FX:GBPUSD is forming a counter-trend correction amid the dollar recovery. Ahead of PCE, data may determine the medium-term outlook for the FOREX market Technically, the market is increasing bets that the PCE may show hints of lower inflation, which will generally increase the chances of a September interest rate cut in the US. This could be negative for the...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bearish Where are we in Elliott wave analysis? The chart on the left shows that we are bearish with the 3rd wave (Labeled wave (iii)-orange). Basically it will continue to push down even lower. (1D Chart) The broader context suggests that wave (ii)-orange seems to...
Im looking this structure. Looking for short sell setup. Trade carefully
WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
This count is based on my assumptions so anything can happen not a trading or financial advice.
Hello everybody. I have been seen this beautiful pattern on nasdaq100. Hope you enjoy it and lets see what is going to happen next...
After a long triangle in wave 4 Domination Bitcoin went for a breakout to possible 61.8% Fibonacci targets
After reaching the $68k mark, Bitcoin headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have...
XAUUSD possible start a deep pullback ( 1005 pips +/-). at 2335 +/- which is a multi confluence zone of :- 1) Monthly Pivot ( 2333.778 ). 2) Daily O.B. 3) Lower Support of Pitchfork