The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.
The impulsive structure up in the lower time frame is not coming. Instead, we have corrective price action. We believe wave (4) is not finished yet and we can see some additional corrective moves.
Hello everyone; Today, we will receive inflation data from the UK and the European Union in the London session. Inflation in the UK is still expected to remain high. However, things seem to be getting better in the European Union. Later, we will see construction data from the USA in the New York session. According to these data, the construction sector is...
A possible motive (impulse) wave is forming on GBPCAD with current ascending triangle pattern hinting for a possible advance towards next supply zone. Good opportunity for optimal RR ratio trades. I'm looking forward to catch the 3rd wave.
Following up from what I said about silver, here are the latest developments in gold.
There are exactly 7 stocks holding up the entire US stock market. Those assets include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. What I’ve done here is created an index chart that enables an Elliott Wave count of all 7 assets combined. The all time high was printed in November 2021, along with the rest of the major stock indexes. Since then,...
Technical Analysis: - Tesla is doing a wave I in red. - H1 and H4 right side is turning up Technical Information: - If you want to buy, you must wait for wave II in red once it's completed
Strong AI beneficiary, NASDAQ:ADBE , had a great move since Oct'22 bottom, advancing more than 100%, and is still in stable uptrend. What are the price levels long investors and traders need to be cautious about? My structural analysis of price dynamics shows that there is an important level of mid-term resistance in 590-625 that may serve as the topping...
Voltas - Elliott Wave Count Voltas - The market appears to be in correction. it seems that Wave B is completed so the price is expected to decline with wave C. wave c target 830 to 825 range and consider 888 level for invalidation to this view. Once the ABC correction is completed we can expect the next impulse up move. Please note that this information is for...
TATAMOTORS - Elliott Wave Count Tata Motors appears to be ready for a bearish move towards 590. The market seems to have completed the irregular Wave B, and we can now expect a Wave C with a target of 590 and below. It is important to note that if the market crosses above 678, which is our Stop Loss (SL), the current view will be considered invalid. It is...
An alternative to previously posted bullish scenario.
Silver might be in position for a violent drop if the several months old scenario is at play.
The impulsive structure up starts to seem unlikely. Overall, we believe there will be more upside but in a corrective way. This suggests that wave (4) in the higher time frame is not finished yet.
The impulsive structure up starts to seem unlikely. Overall, we believe there will be more upside but in a corrective way. This suggests that wave (4) in the higher time frame is not finished yet.
We got the additional swing up in the lower time frame but it does not look like a fifth wave. Overall, we believe there will be more upside but in a corrective way. This suggests a WXY structure in the higher time frame.
This idea is derived from manual calculation based on elliot wave fibonacci sequence. The method best suit to identify the probability of future demand supply areas/zones and minimum maximum extension of the price action projection. As the price might go over or not reached the targeted price, future updates on each points of interest is required. This shall not...
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.