Falling inflation in the US: Could potentially contribute to an upward trend in the EURUSD exchange rate. This is because lower inflation may signal a less aggressive monetary policy stance from the Federal Reserve (Fed), the central bank of the United States. A less hawkish Fed could reduce the appeal of the US dollar to investors seeking higher returns, making...
Pack your bags, folks. Ignore the fud in the cryptoverse. Never let the Market Maker get any of your coins... Prepare for a huge breakout.
FOREXCOM:XAUUSD is once again meeting strong bulls. Powell's speech influenced the price growth and a 2.8% momentum is forming. Let's see what happened and what to expect: Most important: The rate remained unchanged. Inflation eased 0.1% to 3.1%. In fact, there was no change . Speculators liked Powell's more positive tone, which caused them to react with a...
We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong and we start to see 5 waves. It becomes less likely that the upward move is corrective. In case the upward move is corrective, it...
The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. On the one hand, this is bullish as we are now working on a wave (5). On the other hand, we have to be careful with the expectations for this fifth wave. With the current data, we favor some more upside but we do not expect a huge wave (5) bull run.
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.
The previous primary count for the DJIA is invalidated. It's hard to believe but the market continues to advance on a narrow list of stocks. There is not a way label an analytically pleasing 5 wave move from the October 2022 low. Therefore, the next count remains corrective. Elliott described B waves as phonies, orgies of odd lotter mentality, rarely technically...
Ethereum has adhered to the marked zone as anticipated, constructing an overarching Wave 4. I believe there's a resistance zone to overcome, foreseeing a pullback to the subordinate Wave (2) beforehand. Alternatively, there's a scenario where Wave 4 hasn't concluded, engaging in a flat correction. Initiated with a three-part correction, it has now expanded into...
Price is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish...
Green area is the buy area. Another flat looking set up. 3/c Trade. Absolute beast of a set up. Elliotitian cant ask for more. Enjoy your free set up
gold price went form 1810 to 2148 in just two month this rally shocked everyone what was most shocking instant reversal from all time high which nobody expected abc wave has now retrace 50% near 1980 that is why you are seeing intraday support near that level gold next move from depends on fed fomc today , which will decide gold will go 1930 or retrace back to 2007
Tesla has been a pain for about a month now. It's clear to me traders are very indecisive right now. However, when it does finally break, I feel bad for those on the wrong side. I feel it will be either a very swift move down to the yellow box completing a c wave of (ii) (ALT), or a very strong move up to complete wave (i) of 3. Unless price breaches the blue 0.5...
Here is my look at the NASDAQ. If this wave continues its upward wave trend, we could see another 5% or more to retake the ATH by Christmas. There was a clear and strong breakout of the down trend and a clear motive wave. With moving averages
This is the last chance for the dollar index. The current low must hold or I will be forced to label the move down from the high as an impulse since a quadruple zigzag does not exist. If so, 5 waves down can only be the beginning of something mush larger to the downside.
FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time. The premise is that the dollar will strengthen: Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming) PPI...
I don't have time to go to far in depth tonight. Suffice to say I believe I was one degree off and we should be headed back up tomorrow. We bounced off my bottom trend line to the cent on the 3min timeframe, raised on pos div so it has been a healthy raise, and the 1Hr MACD has began to curl up and is in need of a reset. These things are just a couple that give...
The chart analysis of Atom, or Cosmos, presents a visually intricate scenario. On the daily chart, we've recently witnessed the completion of Wave 2. This structurally aligns with a larger 1, 2, 3, 4, 5 wave pattern. This, in turn, is part of a broader five-wave structure. Currently, Cosmos doesn't seem to offer an opportune entry point. I anticipate Atom to...
In update to my last post on this pair, the green box marks the expected reversal range if the bearish count is to be preferred. Price needs to break yesterday's high to confirm the bullish count. I'll trade either way according to what confirmation occurs this week.