Gold seems to have succeeded in breaking the Resistance zone($2,373-$2,353) . According to the Elliott wave theory , Gold still needs to increase to complete its 5-wave uptrend. I expect Gold to start rising again after the pullback to the resistance zone and go up to Potential Reversal Zone(PRZ) . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not...
I might be little early but pin this short idea. Short anywhere now Target#1 = 38 Target#2 = 35
Price has been trending in a channel but also completing a wave count within the channel. Waiting for a retest.
FX:XAUUSD is manipulatively declining and catching buyers by surprise (liquidation) before the news. Price may start a strengthening phase from strong support (2330-2325) on the back of weak dollar Traders are waiting for NFP to be released at 12:30 GMT. Yesterday, the market received 229K on Initial Jobless Claims, which generally gives hints of a possible...
XAUUSD need to form a base (possible triangle) before breaking A.T.H again. Interestingly Gold price drop more than $40 before the release of today NFP data.
Gold created impulsive upside breakout in a shape of Wave 1 Bearish count is invalid at this point Corrective Wave 2 is ongoing Going long at this correction is good strategy Stop Loss and invalidation @2314
FX:XAUUSD is supposedly ending the correction wave on the background of fundamentally weaker dollar. ECB rate and US news (Initial Jobless Claims & NonFarm Payrolls) ahead The European Central Bank is expected to cut interest rates for the first time since March 2016 at the end of its June policy meeting later today. Meanwhile, markets now have a better...
#FET Long Term Forecast When NYSE:FET , MIL:OCEAN and SEED_DONKEYDAN_MARKET_CAP:AGIX merge into CSELK:ASI next week, I don't expect there to be much deviation from price. Especially given NYSE:FET holders are going to get 1:1 for $ASI. It all depends on where CSELK:ASI lands in the wave up, which is supposed to be in the next week. A more...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The short-term outlook shows that wave ((iv))-navy ended earlier than expected, and wave ((v))-navy opened to push higher, it is subdividing into wave (i),( ii)-orange, and they have concluded, now it is time for wave (iii)-orange to open and push higher. Invalidation point: 33.30
In this detailed Elliott Wave analysis on the 15-minute BTCUSDT chart, we observe the completion of a 5-wave impulsive move, potentially setting up for a corrective ABC pattern. The price action has already delineated waves (A) and (B) of the corrective structure, suggesting that wave (C) might follow, leading to a potential downtrend. Key levels and...
BTCUSD and ETHUSD are in similar places in terms of wave structure from their 1 May 2024 lows. Each have two impulse waves up and consolidation-like price action after their late May highs. It is possible that price goes up from here, but I think it more likely that each completes an impulse C wave down to complete flat structures. If confirmed, bulls should be...
Hi #CAKE has broken out of the symmetrical triangle with high volume and has also surpassed the horizontal resistance. An upward move is anticipated as long as it continues to trade above the horizontal support, buy zone : 2.90 to 3.15 targets: 3.30-3.46-3.60 thank you follow me
I had to recount the legs down to fit the current pattern I assume we currently finished ABC Flat pattern as Wave 2 If the count is correct we're going down for Wave 3
Correction might be complete as Running Flat and we're in a starting phase of an impulsive wave up
THE expert from our team , head and beard the ambitious plankton decides going long, and i never counter the good old plankton should you counter him?
We talked about Crypto market on May 21, where we mentioned and highlighted an ongoing five-wave bullish cycle within wave (5). After recent sideways consolidation, which looks like a bullish triangle pattern in wave 4, seems like it's now headed towards March highs for wave 5 of (5) at least up to 2.7T - 2.8T area. Any stronger extension higher towards 3.0T...
Nvidia has formed a macro elliot wave pattern, Bitcoins chart fractal overlay displays similar macro peaks and valleys.
NIO, a stock we've previously analyzed and profited from, remains highly volatile and is currently trending downwards. From its all-time high of approximately $67, it has plummeted to $5.21. This drastic decline occurred over just a bit more than three years, which is relatively short in the stock market. Several factors contribute to this volatility. Firstly,...