In oil, I anticipate a complex expanding diagonal. Normally, I'd look for simpler alternatives. Now, however, I am basing my scenario on wave , which is subdivided into (w)(x)(y), which I cannot ignore.
Natural gas. I'm just counting waves, trying not to pay attention to reports of a warm winter and general pessimism. I correctly predicted the recent top, but I did not expect the price to fall so low. In retrospect, it appears to be fine from a technical standpoint, despite some disproportions on minute timescales, but hey... it's gas. It is frequently...
I am quite confident about this one, seems to be following the rules really well
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
Despite whole market looks bearish, there is a setup, which requires some longs
FOREXCOM:XAUUSD continues to stand still, as does the dollar. The market is uncertain due to many different nuances, mainly fundamental and political factors. On D1 we can see that gold does not have any definite trend at the moment, on H1 there is a downward range, but it plays a mediocre role. Since for now gold is in the range of 2052 (2035) - on top and...
OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical...
The link’s graph is moving in an Elliott wave pattern. Wave S2 has an a-b-c subwave structure, which is a correction flat (weak b). Currently, it is decreasing in wave c of wave S2, which is an impulse or motive wave. Wait for a retracement in subwave wave c, and then enter the trade at wave b to target wave c of wave S2. ***Don't forget to set the stop loss and...
As can be seen on this chart, I have extended the fibonacci extension and this time the target is hit. Short.
I was too early in my previous call and was wrong (linked here), but this time it should be obvious that it has ended.
AAPL has slightly overshot a fibonacci retracement level but I think this is now time to short it.
Today was a good start but nothing is confirmed yet. We raised strong early in the day and then spent the remainder meandering down. I had mentioned in a comment that we needed to watch the 0.618 fib @ $16.65 as a possible resistance level. Well, as you can see on the 3min chart at the bottom, we smacked into it and then got rejected. I was hoping we would drop no...
With the price action we're seeing today and a request from a follower, I wanted to update y'all on where AMD is in the count. As you can tell we are currently on our iii of 3 of v of ((1)). The strength since the Oct lows of last year are a testament that we are in fact in a iii of 3. We have literally almost doubled since that time. If this thing is to continue...
Cryptos are coming sharply lower, after the classical psychological pattern here. There were plenty of traders buying cryptos after ETF launch; and then there is another group that did not book on that big run ahead of the ETF announcement. All of those are now liquidating, making a decline strong and sharp. Looking at the ethereum, price is now now at 2140/70...
dollar strength and gbp weakness provides a short term opportunity for the market to give us some pips.
Hi Everyone In this video i have talked about the short to long term forecast. Medium Term Forecast- Short Term Forecast-
At every historical correction, a higher bottom is formed than the previous one, and this is one of the conditions for the next bull run. In addition to the fact that three historical corrective waves have been completed, a large rising wave is expected to come, so we will watch together what will happen. All data on the chart.. Good luck
From the data shown on the chart, we find that as long as the currency does not break the bottom of the area 0.5 usdt , this indicates the accumulation of a new wave of payment, in addition to the fact that the currency against Bitcoin has been going sideways for 31 monthly candles, and this indicates the upcoming stages of accumulation and a calming of the...