Showing what should be a clear 5 wave move coming in to the downside here. (pink pen) The yellow pen is what would be expected if we get a slightly higher retracement or if the market is going up now long term. I think we can all agree Its good to manage risk properly and have clear ideas on both sides of the market you're trading (buy and sell) and not have a...
Wave 2 of 5 to the downside is complete. Price has broken below corrective channel. Signal bar is an hourly doji and the breakout below the bar gives me the entry to the downside. SL is 2348 TP is 2280 TP may not be reached, I'll be monitoring development of the trade and close accordingly. At around 2280, I'm planning to go long.
As per patterns and wave counts ... IEX is sure to give breakout !!!
FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term. The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
In a perfect world we make our way higher here to complete a larger correction, before running lower for quite some time/price
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.
- I see a complex correction on gold ended with expanding triangle ABCDE - Now we're open for a down move for wave 5 of C - Roundabout target is 2280 which is a measured move of a triangle and a target for daily timeframe trapped bears that were selling below bear bar.
Audusd is turning higher I believe, showing evidences of a bottom with current recovery from the lows, that looks impulsive. Also, inflation in Australia came out stronger this week and copper, plus HSI are higher as well. This can keep aussie in uptrend as discussed in video. Thx for watching.
I'm expecting price to go finish ABC correction of wave 4 of C and then to fall to complete wave C of primary degree 4
Bullish case: - Wave 4 primary degree is finished. - Wave 2 of 5th wave is finished. - I'm expecting upside with wave 3 of 5.
FX:XAUUSD is moving out of the sideways range downward. The price is testing 2328 within the framework of correction on the background of news. Earlier, the structure of the bull market was broken, which in general can determine the medium-term potential. “GOLD → Bears win. Downward counter-trend correction ↓” The price is testing 2328, which is actively...
DNA had massive bearish selloff and is trading at very low price just above HKEX:1 area. Between current lows and ATH, we can anticipate a decent rally before resuming a larger move lower (if that would happen in future). At these lows its great price range to accumulate and build a position using risk management and DCA strategy. It's been trading back it forth...
In my opinion the sell opportunity has passed and we could be putting in a correction (shown here) or you can reference the bitcoin buy ideas for current bullish targets
Working primary count has impulse wave from ATH at 5333.50 to 4963.50. Area in orange ellipse is suspect, so if this count doesn't play out, will likely need to go back and tease out this price action. Corrective bounce off low of 4963.50 appears to be an ABC zigzag. Looking for another impulse wave to complete a C wave or a 3 wave.
The price peaked in a 5-wave pattern as part of wave 1/C, and it's now either at or nearing a bottom, potentially reversing into wave 2/B with expectations for an upward move in wave 3/C. Currently, we're in a support zone, and I'm beginning to accumulate, although there's a chance for an extended correction in wave 2/B. It's advisable to gradually increase...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
Hello friends In the share of PayPal Holding, we see the formation of a clear Elliott pattern. In this share, we see completed wave 1 and 2. There are two scenarios. The first scenario is the 5 Elliot wave mode and the second scenario is zigzag. In both scenarios, we expect the share to grow. If we consider zigzag, we are currently in wave 3 of C, and if we...
Bitcoin bull market This is my main market idea for this year, has been my blueprint since march. I was right about range-bound correction after reaching 73.8k, I personally think we could see a lower low from here but not really sure, the predicition (sending from here) also makes sense since alts corrected heavily and crypto could have seen their bottom for...