From the latest data, the latest update.. we find that the chart came down in the form of three corrective waves and ended with a Diagonal Incline. A strong upward wave is expected to come after this historical correction of the currency.. Let us see what will happen. All the data is shown on the chart.. Greetings to you.
Fundamental Analysis: Looking ahead to next year, with Swiss consumer prices now back below 2% (the SNB is the only major central bank currently hitting its inflation target), the need for the central bank to keep buying Francs will diminish. In addition, despite the renewed talks about rate cuts in the major economies, starting with the U.S Federal Reserve, the...
After a five-wave rally a three-wave decline on the 15-min chart, we favor further upside on the Aussie, targeting 0.6606 and 0.6617 with a stop loss below 0.6565, the low of day.
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it starts to look impulsive.
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 but so far we are only seeing three waves. Therefore, we cannot exclude the possibility that the upward move is corrective. As...
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.
I expect a continuation on this to complete the 5 wave impulse. A breakout above trend line confirms my buy
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.
This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
I see clear 5 waves up here no much more to say, fibs fit and the higher volume is in wave 3 that has clear 5 waves up too, textbook 5 elliott waves.
In my idea, WOO make higher low in timeframe day and week, probably end of wave 2 and start of wave 3. Target is from extension from wave (i) and (ii) in wave 2 (if i right :D) Thank you
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 lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle.
This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
It is possible that GALAUSD will go down in the future due to liquidity issues. This is because the GALA stablecoin is not as well-established as other stablecoins, such as USDT and USDC. As a result, it may be more difficult for GALAUSD to maintain its peg to the US dollar, which could lead to a decline in its price. However, it is also possible that GALAUSD...
I believe we are in a squeeze currently. Price action has shown tremendous discipline up until today. Maybe I'm lucky, or maybe on crack, either way, I am having fun. Let's see what happens. Up or Down?
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Coca-Cola's stock faced a nearly 50% drop at the onset of COVID-19 but swiftly recovered, forming an impulsive Wave I in April 2022. Since then, it has been in a more extended correction, which might have found support around $51.55. With a strong surge since October 9, the culmination of Wave 1 could be imminent, and we anticipate a Wave 2 correction. As soon as...