As you can see from the chart the "Double Bottom" target was reached and breached! Bulkowski Adam & Adam Double Bottom :- thepatternsite.com
Pain continues as we move through this B wave. Not seeing a great impulse up for which to establish an accurate wave count for the final descent, but all indicators point toward a low of approx. 3950. Should see a rapid drop on Tuesday to just at 4,000. a 4.8% drop.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios.
Interesting shape formed off the resistance lines. It looks like it will drop to the mid 12's but will then have a sharp reversal toward circle A.
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up.
The FTSE is giving us difficult data to deal with. We are moving highly corrective and it is hard to forecast the next move. We will suspend the FTSE analyses for now. The next video will be made as soon as we have some clarity.
In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a...
In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the...
Because yellow iv slipped below wave i, it would appear that we are now on the aqua colored count. Interestingly, both counts get to the same points, they just have different names. Instead of a yellow 1 for instance, it will now be an aqua circle A. Hopefully, we've now bottomed and we can start climbing to these points, regardless of how they're labeled.
As Gold break previous high of ABC correction, we are expecting gold to continue an impulsive, bullish sequence.
Our wave iii should be done and if not, only needs OML. Looking at it, I could easily see how someone could say it is in an ending diagonal structure and demands another low. This is signified by the turquoise count and has a 50/50 chance. I could also say this move down is over and we open up green tomorrow. As of now the NQ and ES opened green but that isn't...
#POLKADOT #DOT Long-Term targets analysis During the years 2020 to 2021, a five-wave ascending structure can be seen on the chart, which has taken 2.618 times ascension time to correct these five waves from 2021 to today. Referring to the rules and instructions of Elliott Style Percher, the conditions that have been created for the dot currency so far are the...
Euro try to breakthrough,so we can sell @ double top, Tiny stoploss,more potential.
After finished the short-term for long setup , I continue to follow the moving waves of Elliott to plan the short setup. (Just click the hyperlink above to read the previous analysis) Combine Elliott Wave with Volume Profile help me easier to see the big picture. And now I'm waiting for the corrective wave to entry the short setup. How do you think about this...
The S&P 500 index gapped open today and in the process invalidated a zigzag correction. Probability now greatly favors that the structure is the beginnings of an extended impulsive decline to fresh new lows for the cycle. Bear in mind, this is a futures chart. The purple line is a contract break, while it appears that wave 2 exceeded the start of wave 1 in the now...
Weekly Chart I figured out the impulse wave begin from 0.777 Now, it's trading around 1.975 and going up further with the target is also resistance around 3.0 That's 1.382 Fib from 2.025 I expect RUNE will pullback to 1.5 before come back to contention Wait for next move
A follower had asked me to update on Rivian the other day so I figured I'd fill y'all in. Although I haven't been posting on it, I have still been tracking Rivian. We have been progressing nicely in our wave II retrace...almost too nicely. We have completed our (A)-(B) waves and carved out what appears to be waves 1-4 of our C wave (working on the 4th or 5th...