it looks bearish, It went up 5 waves and then we see that theres a bearish DV between Y and Z after this started to correct and I think it will be five waves, if we break the last x LH at level 0.618 Fib 2.6$ We're going to visit $1.9.
Expanding diag followed by a possible flat. If that plays out, I'd at least want to see the 1.13$ low revisited, preferably deeper though towards 1.05$ or even into the lower 0.90s. Zoomed out:
If that count towards a new low plays out, I'd be looking at 52 cents and below. Alternative count, similar short-term conclusion: Alternative conclusion, that's significantly more bullish in the short-term:
I highlighted in yellow the expected finish to be an hourly move down to complete larger cycles. This should set up an excellent long term buy opportunity through my variation of Elliot Wave Theory (fractal shift).
■Outlook of XAUUSD on 3D chart. I think We are in sub-wave 1 of wave (ⅲ). Wave (ⅲ), shown by the orange line, will probably become a 3rd wave extension impulse. If the assumption of this scenario is correct, If it can break through a channel line, it will probably become strongly Bullish. ■Outlook of XAUUSD on 3D chart. Apr 13.2024 ■Outlook of Dow(DJI) on 3D...
Considering Bitcoin's macro wavemap, there's a very unlikely chance that it is in a true impulsive wave. Manual wave analysis and the speed of its advancement in price action compliment each other as indicators of an big, upside, corrective wave being in motion. Similar to the time I suggested that Luna would drop from $80 to $1, Bitcoin now sits in a variation...
Meme stocks have been consolidating recently, and CRYPTOCAP:PEPE appears poised for a breakout. A bullish triangle pattern has formed on the chart, suggesting a potential move to new highs if confirmed. Applying Elliott Wave Theory, we can see a potential five-wave impulse move up from the April 5th low. The recent retracement found support at a critical...
the time is now :) corrective waves have completed after a "fractal shift" (my wave theory, based off EW) and this should be a long term position until this fractal has completed its 5 wave sequence or 1 motive/impulse move higher
USD should be on a steady decline for, either quite a long time OR quite a big move, whatever comes first to reach targets and fill waves.
As the S&P rises, bullish signals become less clear. That said, a short-term top is likely near and fits the forecasting narrative.
T has pulled back to the area of the 100% extension of wave 1 and 2, which aligns with the abc target from the current high. If a bottom is found, there is great upside to be had in this dividend monster.
The thesis of an impulsive wave which is being corrected is solid. Ideally, we'd see another test of recent lows before regaining the uptrend. This scenario invalidates if 0.04764 is breached.
Bitcoin is definitely ready to go higher, and it's a really good time to buy the dip after the previous crash! We can see that the price is making higher lows on the daily chart, which is a strong sign of an uptrend. The price is currently still inside this symmetrical triangle, so we are waiting for an explosive move, probably to the upside. The trend is your...
Hi traders, Last week Bitcoin made another correction down. It looks like it's started next impulsive wave up as an ending or leading diagonal. So we could see another push up. Let's see what the market does and react. Trade idea: Look for buys after the finish of a small correction down and a change in orderflow to bullish on a lower timeframe. If you want...
Hi traders, Last week XAUUSD did exactly what I've said in my outlook. It made a correction down and after that it went up again. Now it started the bigger correction down. So for next week we could see a (small) correction up and after that another drop. Let's see what price does and react. Trade idea: wait for a correction up and a change in orderflow to...
Hi traders, Last week SPX500USD made an impulsive downmove followed by a deeper retracement up before it dropped again just like I've said in my outlook. Now we should see another correction up to rebalance into the FVG and another drop. Trade idea: Trade sells after a (small) correction up on a lower timeframe and a change in orderflow to bearish. If you want...
Hi traders, Last week EU did exactly what I've said in my outlook. I made a retest into the weekly FVG and from there it dropped to break the swing low.It was a great week for profits! For next week we could see some more downside into the daily FVG but after that I expect a bigger correction up. Trade idea: Trade intraday sells after a correction and a change...
Here is the market outlook on Gold (XAUUSD) for the coming week from 15th of April to 19th of April. It is a clearly projection of what is mostly likely to happen on gold next week. ANALYSIS: In monthly timeframe there is still a clear bullish momentum keeping on holding for two months consecutively. Even if there is ongoing rejection in April candlestick but...