False breakout to downside was a takeout for continuation move down further Rounded Top Pattern Short or Sell CAD dollar going up because Drake on tour. Lol
1) 5 wave impulse has been completed 2)Expecting the ABC Elliot's wave retracement move 3)monthly and weekly pivots resistance zones
Weekly Chart of Visa. Visa has had a very long and steep run from 2008 to 2021. The Corrective Wave looks like a 3-3-5 regular flat correction, where the B wave retraced more than 90 percent of A wave. Currently, C wave is forming. Wave 1 of C wave has formed and wave 2 of C will retrace further, maybe even up to 78.6 percent of wave 1. There is support from...
We have been bullish on Bitcoin for quite some time, as my previous posts can witness. Looking for a potential upside resumption in place as we could now expect a series of wave threes and fours. As always feel free to let me know in the comments what your thoughts on BTC are, if you enjoy the content, please leave a like. Trade safe!
XAUUSD is forming a triangle now in wave 4 (yellow) = last pullback from uptrend since 6/Oct/23 low. P/s. 2005 +/- is a confluence zone of :- 1)Daily Order Block 2)Pitchfork Parallel line
A bullish counting on ETH chart can be as shown in the chart... let's see... Comment your idea about the counting and your mind about next move of eth chart :)
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.
In my last BTC idea a month ago, i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. I wasn't sure what to expect to the upside but things look clearer now. I shared an up only scenario as well, but this type of play is my ideal scenario since we stopped that insane pump. The idea is mostly shaped around Elliot Wave and Volume...
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...