We had seen a good rejection at 0.035 for the stock in which it closed the past week with bullish engulfing candle. However, the selling pressure for the stock is still yet over. As such, i personally opined that the price will be stagnant untill the realization of ICPS presumably by end of February this year. HTF: Uptrend LTF: Natural Long 0.045 TP 0.100...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.
Since February of last year, Meta has been in an upward impulse pattern with Wave 4 in a prolonged running double three. The last segment of Wave 4 is a running triangle with its apex very close to the February 1 earnings report. If this pattern is correct, Wave 5 should extend either at the 161.8% or 261.8% Fibonacci level which is between ($870-1,400)...
The stocks is currently in its retracement phase. HTF: Uptrend LTF: Downtrend Long 0.895 TP 4.900 *This sharing of analysis shall not be treated as financial advice. Trade at your own risk*
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, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
Ethereum has been lagging the growth of bitcoin by some margin all year. The ratio of its price to bitcoin has been on decline. Long-term tracking of the Elliott Wave count of the ETHBTC market now indicates that this bear market cycle for the pair is over, as we can fully account for completed waves, while simultaneously hitting the long-term support trend...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
View 1. Price of 2576 is acting as major resistance since 29th April ‘22 a. On 21st July’23 there was a fake Break out (making the end of wave 3 on Daily Chart b. On 27th Dec’23, price again broke the major resistance line of 2576. c. The high of 26th Dec’23 could not be broken and price is moving sideways between highs of 2576 &2621 d. Divergence Observed:...
FOREXCOM:XAUUSD within the descending price channel forms a false break of support after which we see the strengthening, which began yesterday. On the background of the downtrend the price forms a false breakdown of the level of 2031.8, after that during several hours the price fixes above this level, which forms a bullish position in the market. Within the...
DIvergence in the indexes produces a perfect opportunity
Hello Traders, Happy New Year to all of you! The NIFTY50 made a new high at 21834 on January 01! It broke above the upper line of the trend channel. It has moved back into the channel. This is the scenario I described in my forecast. But was it all the way up? The N50 has been sideways since the January 1st high, which is a sign of sideways consolidation. If so,...
Hello. Analysis of the main currency pairs of the New Zealand dollar This analysis is based on Elliott waves and in a 2-hour and short-term time frame The market is in a corrective and downward trend, which is currently within the range of the 5-wave triangle, and the breakdown of the downward triangle line can continue to fall. (C wave ceiling is important for...
I think we finally made our bottom for wave 2 today. As you all may know, I bought an additional 7 calls to bring my total holdings to 10 calls and 450 shares. There are a few signs telling me this has most likely bottomed with a main one being MACD. If you notice, there is a line at the bottom that it DID NOT breach. Now, it could turn around and head lower of...
The price makes a false break of resistance and decreases.The market is forming a complex pullback the resistance zone.I think it might make a pullback and continue moving downward. My goal is the support at 2015.800
Amid the CPI tomorrow we expect a strong sell setup
with the divergence in the policies of these currency outlooks, there's a nice setup forming.
As the title suggests, this post will be playing devil's advocate and make arguments from both a bull POV as well as a bear POV. My primary count is labeled in white with yellow/blue fibs. The turquoise lines represent my 1st ALT retracement fibs, and assumes we are starting the next c wave. The orange count assumes Super Cycle wave (I) has already ended. The...
Simple setup - Triple Top at higher timeframe Supply Zone. Short term structure has broke to the downside, triggered by a break of A. Running Flat in Elliott Wave almost always fails, corrects itself and then continues later, which is the current setuo. Idea is invalid above 97.60.