A bullish trend has went on throughout the week. I'm seeing accumulation of distribution forming so that means we well see a pullback at this even high. The high happens to between the 50%-60% on fib but with a bull flag.
My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...
Introduction: In our continued examination of XAUUSD's 1Y frame, we delve into the nuances of sub-impulse waves within the significant wave 5. Mirroring our approach for the overarching impulse wave analysis, we've established two critical channels: Support Channel: Links the start of wave 1 and the end of wave 2, with a parallel line from the end of wave 1....
Review: Let's review the highlights of the previous update (December 23rd 2023): In wave (C) of Y of a of b. On Tuesday, we will have the first 20D cycle trough of the second 40D cycle of the first 80D cycle of the 20W cycle. Update: Analysis of the Structure: The down move was a lot more aggressive than I expected. We knew that we are in wave b...
Please note that the last 20 seconds of this video is me trying to figure out which tab is my recording on in order to stop the video (LOL). Anyway, this is an update to HSI and that I expect it to fall even more this coming week. I expect the trendline to break and move down to ultimate target of 15000-15100 over the next 2 weeks.
GBP/JPY update for the pair it’s almost the same old scenario just put the SL above the last high.
Review: Let's review the highlights of the previous update (December 29th 2023): Major change to my count. Not yet completed wave 2 that corrects the bullish move of Jan-July 2023 (wave 1). Wave 2 is a triangle In wave b of 2. Wave b of 2 is a triple zigzag. No change to cyclic analysis. Next major trough is an 80D cycle trough, expected on...
We had finished our 5 minor waves in smaller timeframe on 5th Jan that presumably be the motive movement. The last trading session on the day had closed the week with bearish engulfing candle. As such, we shall foresee another big movement towards new lower low beyond 11th Dec value of 1972. Nontheless, the major uptrend is far from over as the market still...
on monthly we can see price is bullish, coming down to weekly and daily we can see price pull back in a channel in ABC correction pattern. also price forms a falling wedge and there as been a break of it to the upside and price also breaking structure. we will wait for a pull back then look for a bullish confirmation to enter the trade
On the 4H chart of LINKUSDT, the instrument is moving in a C wave of a bearish ABC zigzag after completing 1-5 bullish Elliott wave cycle. Confirmation is still needed, but there is a chance that the C wave has already completed and we should expect further rally in a new bullish cycle.
On the H4 chart of BTCUSDT, the price, with high probability, is moving in a subwave C within the 4 wave of a bullish cycle. Further down correction is expected to 0.23 - 0.38 Fibo levels of the 3 wave. Alternative scenario: the flat B wave has produced a shortened C wave and a rally in the 5 wave is expected from current levels.
Hi traders, Happy New Year! Bitcoin is not clear at the moment. I think we could see more consolidation to the downside for this pair. But let's see what the market does and react. If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only...
Hi traders, Happy New Year! Last week XAUUSD made a downmove and a correction up. It took the liquidity on both sides. So next week we could see this pair go lower again to continue the last wave C to complete the bigger (black) ABC correction down. Let's see what price does and react. If you want to learn more about trading with supply and demand and...
Hi traders, Happy New Year! Last week SPX500USD went down. This could be the start of a bigger correction down. But price swept the liquidity under the lows and went up again on Friday. So I think price has to take out the ATH (grey arrow) first to then make the bigger correction. So next week we could see this pair going up again. If the upmove is very...
Hi traders, Happy New Year! I'm ready for 2024, are you? So price rejected from the HTF supply zone and I think the bigger (red) B correction is now finished. Last week EU dropped and made a (flat) correction. For next week I expect another downmove. That could be wave 3 of the first impulsive wave for the (red) C-wave or wave c of a smaller correction. Trade...
AVAXUSDT A Promising Opportunity Elliott Wave Counting: On careful examination of the AVAXUSDT chart, an Elliott Wave pattern is evident. Currently, the token appears to be concluding the 4th wave within this structure. Notably, this wave is converging on a substantial support zone, reinforcing the potential significance of this level in the overall price...
I know it's considered a sin to be bearish with anything crypto nowadays, but I always stick by the technicals. This is what we have for BAT: A low in June 2023 without bullish RSI divergence 3 clear ABC black waves to the upside 5 clear blue waves to form black wave C Strong bearish divergence between blue waves 3 and 5 So, FOMO aside, this token is...
I was checking different pairs and I just came to #AUDNZD. It seems that the pair has finished its 5 impulse cycles and one of correction phases. Now my idea is that all things depend on how the pair will react to B and C point which I have shown.