Hi traders, Last week SPX500USD went up a little more. This still looks like an ending diagonal. So next week we could see the start of a bigger pullback down. If price breaks the grey arrow line, then the wavecount would be invalid and we could see a long term bullish trend. Let's see how price reacts next week. If you want to learn more about trading with...
Hi traders, Last week EU went up to a 4H supply zone and after that it dropped. This could be wave 1 of (red) C. Price did not close under the swing low so the swing high is weak and could be sweeped. So next week price could make a correction up into the 4H FVG and drop from there for wave 3. Or it goes up again to sweep the swing high. Trade idea: Look for...
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.
CRYPTOCAP:AVAX Potential Market Retracement on the Horizon: A Closer Look at AVAX 🌐📉 Traders and investors, our market analysis suggests a pivotal moment ahead. There are growing signs indicating a possible retracement in the broader markets, and AVAX seems to be mirroring this sentiment. While the markets have shown resilience, the technical indicators now...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low can be in after a triple three correction or an expanded flat. As long as we do not take out the 31/07/23 high, there is still a possibility that we will have an expanded flat trap. The impulse we are seeing from the October low is then a wave C.
Hi Traders! From a technical point of view, NASDAQ:META is very interesting for Day Traders, but at the same time it could also give some opportunities to Aggressive Traders (Intraday) in short term. Having said that, if we look at Daily Chart the trend is bullish in mid-long term, but in the short term we do not exclude a bearish consolidation before another...
Similar to gold, silver witnessed a robust surge last week. On the 1-hour chart since early October 2023, a strong uptrend is evident. With completed Wave 1 and Wave 2, we're currently shaping Wave 3. Before concluding, sub-waves 3, 4, and 5 need completion. Anticipating a short correction next week, I estimate silver might dip to the 23.6% or at most 38.2%...
TVC:GOLD Gold's Ascent to New Heights: A Riveting Elliott Wave Perspective 🌟 Since December 2015, gold has been on an extraordinary journey, captivating traders and investors alike. From the depths of $1050, we've witnessed a mesmerizing climb, painting a picture-perfect Elliott Wave story. In October 2022, gold meticulously completed its 4th Wave at a pivotal...
In our previous idea we saw that the expected breakout would exceed 38k and today we are seeing prices above 39k, which we observe in a ending impulse wave or channel. Although it is true we have a resistance in the 40k that we must pass and surely it will be so. In my Elliottists analysis, we can see the formation of the minor fifth wave in 4H of a major...
Very obvious WXY pattern going on here. Rarely trade crypto, but this pattern is so delicious just had to post about it. No positions taken. Unsure on how low the Y wave could complete, given bullish condition surrounding the market, very likely to just test $50 before resuming uptrend.
Gold price has been always in center of attentions ! What will be the road map of the gold in long term ? Gold has started it's ascending journey when it was decided for it's price to be determined by free supply and demand market in 196-70 decade. Since then it's long term up trend has started with the first up going wave termination at around 200 and it's...
Review: Let's review the key points of the previous update (Nov 21st): Completed wave (I) of a of 3. Expecting wave II, a shallow retracement. October 26th was the first 40W trough of the current 80W cycle. 40D cycle trough on November 27th. 80D cycle trough on the first week of January. 20W trough in the middle of March. 40W FLD target is 215. ...
Tezos (XTZ) is in a potential Wave 3 up move off the low it made a while back. The wave 2 pullback was nicely contained and now momentum on the daily chart looks primed to pop upward.
Hello The analysis is based on Elliott waves The price is now at the end of 3 corrective waves For a more detailed review, we refer to the lower times, pay attention to the updates of this analysis
If you subscribe to Elliott Wave theory, this chart indicates the presence of a terminal impulse wave, suggesting that the price could potentially rise to approximately $0.9. SL: the head of wave 5 Please ensure to double-check whether Wave 5 within the terminal impulse has concluded or not. Best of luck with your analysis, and remember to do your own research (DYOR).
It seems like we have completed the impulse wave and entered the correction phase. The correction took the form of a normal B. This correction's C leg exhibits a five-wave structure and concludes with a terminal impulse, marked by a 5x pattern. This suggests that the subsequent wave, following this correction, has the potential to reach a new high within this...
Review: Let's review the key points of the previous update (Nov. 21st): Wave 2 has already ended. We are in wave (II) of a of 3. October 31st was a 40W cycle trough and we are in the second 40W cycle of the current 80W cycle. 40D trough on December 4th 2023. 80D FLD will be crossed tomorrow and can generate a target of 285. 80D trough on January...
CRYPTOCAP:RUNE price action relates to two impulse 5th wave extension in Elliot Wave. 1. A Typical 5th Extension where the 5th wave stays under the trendline then make it corrective waves, or 2. A Double Extension impulse where it breaks the upper trendline to a max of 261.8% Fib. Somehow it did however showed some characteristic of Double extension during...