If you find this information inspiring/helpful, please consider a boost and follow! Took off out of area of interest and headed up to the next area of interest for me. Going to be watching HOW, the price action reacts around this level. If the level breaks I need to see it hold above. Arrows indicate the price action I want to see.
FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a...
Current micro-primary count for YM1!. Working off premise of impulse wave down from 40358 to 37463, corrective double-three bounce off low with zigzag W, X, expanded flat Y. Count valid with price above 37866, with median line of pitchfork as target.
It still looks in great shape as it digests the recent 40%+ move. And the correction seems to be neatly contained in parallel lines, which is often a very positive sign. As long as it stays above the 61.80% retracement level (£499), then I'm bullish. When it finds a bottom, then more accurate targets for the other waves can be made.
Bitcoin most probably ended its fourth wave correction after completing the third. It retraced to wave 4 target which is 0.382 TO 0.5 and also found support on the base channel from wave 1,2. From here I expect it to move to the upper targets for the bigger Wave 3. Right now the words on the street is that Bitcoin broke a very important support area. Where as the...
For Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at...
Previously, I thought it might go lower than for subwave 3 but from wave form I think I was wrong. Now it makes a zigzag rally which I think it will end around 0.149 before going down for final subwave 5.
NIO has rallied hard (like NASDAQ:TSLA ) reacting off the weekly order block and has arrived at an area of strong resistance. Even though it has broken out of the red declining trendline in the daily chart, it doesn't mean that it has made the ultimate bottom. It can make another connector ("the right shoulder"?) and keep extending to the downside for another...
there is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
AMAT is in C-wave now. Short anywhere here Target #1 180 Target #2 170 Stop loss 207
Nifty is ready for sharp 10% upward movement !!! Lets see, I have used Elliot waves, Fibonacci extension and time cycle to determine the markets lows and entry points...
Taking a closer look at the 4H timeframe, it seems that the downside is not over yet. The upside movement was corrective (green ABC), while the downside is impulsive (green I-V). I expect green resistance to hold any bullish movements.
I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...
According to Elliott Waves, we are still in the fourth wave which extends from 73777 to 49950. Sometimes Bitcoin exceeds the wave level, I Think that Bitcoin is not finished falling, and will start falling from 74,000 – 71,000 to the red level of 55,900 – 49,900. Then after that we will witness a real bull run extending to 85,000
Everything is characterized by at least 1150% growth
If my view is right, the altcoins shall do the best performance in their history.
DOGE reached its peak in wave 3 in May 2021 and likely hit the bottom of wave 4 in June 2022. However, due to the ongoing corrective downtrend, a reset in wave 4 might occur. The overall expectation is for an upcoming upward movement in wave 5. It is recommended to gradually enter positions at support levels and exit at resistance areas.
RNDR is currently ascending in a three-wave ABC structure, with wave A equaling wave C in target. The asset is now deep in the support zone, presenting a good opportunity to scale in for the upcoming wave C target of $25. It's advisable to begin scaling out early around $19, at the 0.786 level, rather than waiting for the precise target of $25.92.