I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk. As you can see, PLTR put in a significant top near the 61.8%...
📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
After plotting my waves to the best of my ability, I do see us moving lower still for a number of reasons. To be honest with yourself, you have to be able to see both sides of the market you're trading and manage risk accordingly. This would be a potential run higher, if these major waves have completed to the down side, even though i think time will show this...
SCENARIO 1: EVERYTHING hinges on the carry trade. If USDJPY goes down, so will yields - making inflation higher and commodities will boom. Of course this is a mistake and Japan (and the whole world) will feel the effects off inflation here since TVC:DXY will plummet also to 97. Then when everyone blows up in the summer sparking a u-turn and the FED realizes...
Here a Shortterm Tradesetup. Based on the Assumption BTC is pushing into its 5-5-3 Manage ur risk acordingly. I Personally will enter Long at 63205 Stop loss at: 62861 Close long at: 65100
Nvidia has formed a macro elliot wave pattern, Bitcoins chart fractal overlay displays similar macro peaks and valleys.
-Impulse move has been completed -H1 Head and Shoulders -Monthly Pivots Resistance Zone reached
Fetch ai's wave-3 has completed its upward trajectory and is now transitioning into a downward wave-4. You can begin scaling in within the green triangle; the top of the triangle represents the smallest order, while the bottom indicates the largest order. Once wave 4 concludes, I will provide an updated price target for the upcoming wave-5 ascent.
In Elliot wave principle analysis - Triangle is a figure of a trend continuation. It always occurs in a position prior to the final actionary wave, in the pattern of one larger degree. I.e as a wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple Zigzag. A triangle may also occur as the final actionary pattern in a corrective...
ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break...
After the big surge the last week ENA grabbed all the resting liquidity in an Elevator like downmovement. Now it seems as if we found the bottom on this wave 2 here with and SFP slightly touching the Demand 30m zone. Lovely reaction and now we got an 1H FVG and an 1H Demand sitting right here. Let's see how it plays out.
Many are optimistic about Bitcoin reaching the $150K-$200K range, let's strip away emotions and look at this logically. Wave Analysis: Wave (1): Concluded around 31K, followed by a shallow flat correction that lasted approximately five to six months, not surpassing the $24K mark (38.2% Fibonacci level). Current Phase - Wave (3): extended, similar to the...
While we spent time in understanding the NIFTY and BANKNIFTY, we are now delving into the midcap nifty. What is interesting is that the correction if we assume will unfold into five waves (else the recent low becomes end of three waves (low probability)). That suggest, there is door open for further softer bias in this one relative to other indexes. In...
RBI brings further measures in terms of the transparency in lending practices. While on the face of it and it is looks bringing more measures to orderly percolation of the Central Bank measures, the deep down is the inflation, the scope for reducing the burden and the banks don't over charge the final consumer. The banking space looks to have been overstretched...
Purely from the point of view of the recent moves that date last one month of action, the below can be inferred. Please note any analysis of this sort need a wholistic approach from the broader waves that is in operation in all the cycles. We completed the perfect 5 way move. Subsequent to that we have more or less the three wave deeper correction. (why deeper...
An updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.
NYSE:JNJ JNJ is in multi decade uptrend peaked at 187 – presumably end of major wave 5 and turned into Elliott ABC correction, where major wave (A) length is about 37. Per fibo relation major wave (C) should most probably end at 139.5, while intermediate wave ‘c’ – a unit of the major wave (C) might break the pattern bringing the end of correction to 133 and...
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