Seems like natural gas is ready to explode in 3rd of 3rd Elliottwave. Oil has similar sentiment despite being less obviously bullish. Natural Gas remains so far firmly on track and expected to rise with oil, perhaps on the Middle East escalation in the most nearest future.
Bullish count in green, bearish count in red. Completed impulse off high of 18709 to low of 17181.75. Impulse had expanding leading diagonal to start. Bulls looking for B wave in 17765.25-18261.75 area. Bears may already have the 2 in at 17553.25. If low of 181.75 holds, bears looking for the 2 no higher than 17854.
Do you think you clearly assess the scale of the problems?
#Oil #WTI. Indeed, after some rekindling, I was able to reassess the previously green scenario as the most probable. Now I've labeled it in black. The chart could be indicating that a disaster is imminent.
With some fun gaps to fill on the way down. See you in late October.
According to this Elliott Wave Count, Brazils Ibovespa is headed towards its most trendy and impulsive phase...
If this higher fractal wave down is coming in, its these levels I'm looking to short from. We may even see nice pull back up here in the very near future to give us a nice higher price to short from. To confirm that entry you want to find the completed Sub-Wave/Smaller fractal wave, which would be a smaller fractal wave 1-2 correction (ABC corrective wave)
Another Shortterm Long Trade. based on the Assumption we hit the Floor price yesterday
TRX Has broken out from this 6 year triangle and perfectly retested the trendline. As long as support at 11 cents holds TRON looks ready to finally end 6 years of volatility compression with a massive decompression that could send prices vertical in a similar fashion as what we saw in 2018. Best case scenario TRX is over $10 next quarter, but at minimum we should...
Correction taking place and this gap fill could be phase B of the ABC correction. Short term swing.
We're setting up a swing entry for $BINANCE:ENAUSDT. There are several reasons for this decision, including the fact that we've captured all the buy-side liquidity we had previously marked and reclaimed these demand zones. Recently, we observed a Stop Fishing Point (SFP) during the second dip and now anticipate rising at least to the supply levels between $1.26...
Bull count in green, bear count in red. Tricky impulse down from 5333.50 to 4963.50. The question is whether the impulse is an A or a 1... if it is an A, I would think the bounce should be back up to 5148.50-5225.25 area. If it is a 1, the 2 could already be complete, but I wouldn't think the bounce to go any higher than 5123.25. The C or 3 should take us down to...
Since we have a quick and small zigzag in minor wave 2, here we still endure with a slow flat wave 4. I think it will go down below 0.1 but not sure where it end (previously estimate at 0.05-0.08 but it was a pure guess).
At Fetch, it was extremely close, but our stop-loss was not triggered. So yes, you could say we were lucky; the 50% held up. We believe we have now stabilized and are expecting this rise to $3.10. That's the target for us. As mentioned, we don't expect to fall again and retest this low. However, it wouldn't be impossible to see a smaller dip before we continue to rise.
Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign...
The correction phase for SLP is likely still ongoing. My primary count expects further downside for green wave V to complete the larger blue wave C. The 100% extension level (at 0.002865) for blue wave C is the most probable target, occurring in over 70% of similar scenarios. Invalidation Point: This count invalidates if SLP rises above 0.0062 without first...
3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...
Gold spiked to a new intraday high during Asian trading hours after new escalation on the Middle East, but notice that price did not reach new all-time highs, suggesting that wave 4 is still in progress. This could evolve into an ABC correction dropping to support levels at $2300 or $2270. Alternatively, it could form a triangle if prices stabilize around the...