Hello friends In the GBPCAD currency pair, we see a 5-wave pattern. Waves 1, 2, 3 and 4 of the main cycle have been completed. Microwaves 1, 2, 3, and 4 of the 5th main wave have also been completed. Now we expect the price to grow up to the range of 1.7200, but since micro wave 3 is about 2.618 times micro wave 1, we have the possibility of shorting wave 5. We...
Did we finally bottom in this move down? Is it just the a wave or the entire abc? These are the questions I find myself asking this morning. I think this has all been wave a as I have said in previous posts due to MACD, but we don't have confirmation yet. We have hit with-in the target box, hit the 1.0 fib, and made a new low on positive divergence. These are all...
The EUR is expected to be bearish in the coming days while the JPY will be positive
I believe the ETF was simply a FOMO event to get exit liquidity for the big players, and the capitulation event of 2024 has been planned for the central banks, institutions to create a massive supply through liquidations
Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up! Almost at the golden pocket, let's see how the price reacts from there. Great setup in my opinion with a clear invalidation level. Nothing much more to say, will update in a few days. Thanks for reading!
After a major correction is over, a new impulse move develops. The next 5-up wave pattern is already taking place and we have the 1st and 2nd waves already in. The third wave is usually the longest and this one has already started. How the wave will look like is impossible to predict, it can be steep it, can be flat, it can be easy or hard to read... This...
Back in 1968 the two major proponents of the Elliot Wave theory concept where divided as to the wave count of the DJIA. While AJ Frost would consider the 1966 peak as Wave B of an irregular top in a flat correction, Hamilton Bolton was looking at it as the 5th wave of a bullish impulse. One thing is certain, while they disagreed on the count they both agreed...
go to (S.1) sub (S.1) is patterns 12345 now Wait w.4 go to w.5 for (S.1) finish
go to (W.3X) sub (W.3X) is patterns 12345 now wait w.4 go to w.5 for (W.3X) finish
NSE:NIFTY view based on Elliott waves. From the ATH, NIFTY has made a 5 waves down impulse which could be first leg of correction (A/W) and seem to be retracing the down move. Retracement should be at least 38.2% which gives 21606 and 50% is at 21705. After that it should head down!
From the data shown on the drawing, we find that a Diagonal Leading pattern has been formed and is then considered a wave A, then a correction is made in wave B, which is the bottom of the Leading pattern, from which altcoins and Ethereum breathe, and when it reaches the bottom, then a final wave C begins, rising strongly in the same direction upward. Let us...
There is a clear positive divergence on the daily frame with a return to the previous bottom, so I expect a corrective rise to the shaded area above, which is a strong resistance area now, and then a decline again to break its last bottom. Let us see.
Happy New Year fellow traders! The market has a rather volatile start on the first week, which is good news. Not keen to touch USD pairs this week due to major events, so I am turning my interest to crosses instead. -------------------------- GBPAUD on HTF (Daily), price is currently at the previous Wave 4 range but did not test it (1.8500), so there is still...
This corrective wave is one of my favourite setups. Price has been overly extended to be form a expanding ending diagonal. I have been stopped out once due to the UK inflation news. Re-entering now with a more complete pattern and better SL position. The two short terms targets in blue. I have a much longer term target on the daily chart (see next post) but...
Solana is in a triangle between 2 channels, approaching the Apex! It could break either way! Solana could be in a wave 4 of 3 retracement which could last two months from when it started on Christmas at noon if it's length can bet determined by the wave 2, which lasted from July 13th 2023, to Sep 11th 2023 (59 days 20 hours) or we could just be in a calm between...
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.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! BIST:LINK update. 🧵 In @ 13.92, TP. Thinking #Elliottwave sideways possibility since the price got up here. I also know sideways can be tricky. Trading tricky...