Finally Israel will start the ground attack tonight and gold already reacted by reaching the important 2000 area. Silver has the same setup as gold, but corrected deeper than gold. Please understand that this trade is risky, as the position is opened directly before the weekend and things can change rapidly. Important resistances are: 23.5, 24 and 24.5
In my point of view STORJ has played a flat correction from the begining and now it has ended. It can reach 10$ area and above in the coming bull market easily
In evaluating the current state of Solana, it's important to acknowledge certain risks within the framework of the Elliott Wave Theory. Presently, there are uncertainties and volatility risks in Solana's price level and recent movements, based on market dynamics and potential wave patterns. According to the Elliott Wave Theory, market cycles and wave structures...
This is fairly clear wave count. Each retracement took about the same amount of time. It appears we are completing the end of the 5th wave(estimated blue path) Although right below the current price, we "can" say 5 waves are complete. In the green rectangle is a fair value gap. I'm assuming price will pass through this area toward 4.34% 4.34% is the .786 fib of...
AVAX EW COUNT momentum looks weak to me, hasn't made impressive move up (compared to many other alt charts). Technical target according to my count should hit $30.00 - $38.00 area as wave 4 retracement, looking at the current move as a minor degree ABC to start a larger degree ABC. The (B) in question relates to current structure and market condition, it could end...
SQ very oversold RSI reading below 20 Last time it was THIS low, it pumped from ~$102-$130 before making dumping to make a local bottom (drop to ~$85 and then another pamp to $145). Some quick fast nice profits. Anticipating it should mimick similar and pamp to at least $49-$59 from this area before dropping lower. Patterns tend to repeat and mimick,...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! #SOL DOOM count! 👻 But first, some continuation patterns to keep an eye on. Last time it just rocketed up, Shorters beware. There are some possible down counts...
Today seems to have confirmed a bottom is indeed in and we should be on our way up to the $3-400 range. We may or may not have gotten our mini-wave 4 which is why there is a turquoise 3 on the chart. If this is v of iii then I expect it to finish impulsively in the box before a 3-wave retrace for micro-4. MACD made a new high on the 1Hr chart, today appeared...
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.
The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
Plan trade to enter short position for GOLD in MPL zone now. Risk:Reward equals to 1:10. Worth it
We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn...
Ok, as it often happens given the extrem sell-off on the news I am falling back on one of my older scenarios where wave 2 has a more pronounced wave retracing at least 0.618 of wave 1. Other options are also possible (one indicated as a bigger contracting diagonal). It might be a chance to short but a SL has to be managed carefully.
Today Rivian extended almost up to the 3.618 which is a somewhat common endpoint for an impulsive wave to extend to as I alluded to this morning in my update. I have labeled an abc for the wave 2 retrace but that could be off by a degree. The box I have marked would not change, however. I would not be surprised if we just take off tomorrow and don't make another...
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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 educational purposes only kindly do your own ta thanks trade with care good luck.