BINANCE:AAVEUSDT is forming a retest of the wedge resistance amid the cryptocurrency market strengthening. When breaking through the resistance of 72.4, the market may move to realize the accumulated potential In terms of technical analysis, AAVEUSDT forms a neutral correlation following BINANCE:BTCUSD . The market reacts to all the movements of the...
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. It looks like we are working on wave (v) of wave ((c)). We are also at the reversal areas.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)) and wave ((b)), wave ((c)) is still coming.
In my opinion Matic is playing a triangle for 4th wave.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
It could be argued this does indeed resemble the Harmonic Pattern of a "bearish butterfly" with targets in play for the short trade , however we may have indeed completed its short life? 1.bp.blogspot.com
AMEX:SPY October 5,2023 15 Minutes AMEX:SPY bounced to 424 levels as expected. Fibo working to the dot as usual. Consider 2 fibs. The fall 431.85 to 420.19 The rise 420.19 to 425.43 For the fall 61.8% is around 427 levels and for the rise 422 levels. we have 200 averages around 426 levels. I expect that to be resisted today. Moving averages 9,21,50 is...
Three impulse wave off low... definitely a positive for bulls.
If it gives 3 up and 5 more down, i would long this one. if not, this whole structure from the bottom of june can be counted as a 3 wave move up. Stop loss is the king
I see bear . The retracement is way too high tho... That is my current perspective and i am ready to be wrong. But shorting these areas wouldnt be a bad idea. In ending contracting diagonals , every incoming wave should be smaller then the previous one. Stay tuned, will count this beast...
Elliottwave is somewhat clean. Golden zone (0.65) slightly broken in linear scale. If you like white line, long it. Just know that the red pattern is also possible. Double zig zag into a golden zone. Special dish that EW players like?
Bullish idea or 3/C play on baba incoming. The whole drop from all time high is looking impulsive , meaning that this could be a corrective zig zag play incoming. And that the ultimate bottom might not be in. The Drop impulse will be in the comment section. All in all, good set up incoming in my opinion.
This would be the alternate to obvious impulsive 5 waves where waves 1 and 4 are not supposed to be overlapping. This spike was quite strong and it still respects the elliott wave rules. However , there could be a diagonal forming to end it. Ending diagonals that contract are Gods gift, simply because every incoming wave needs to be smaller than the previous...
Watch CSCO as it continues to drop on the B wave. Look for a target of $50.50. Consider buying options 2 Fridays out one this is confirmed.
IBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.
Nifty - Elliott Wave Count Nifty - the market appears to be completing the correction, an impulse wave expected towards 20300 & above If the price breaks below 19300, the view is invalid. Please exercise caution when trading as this information is for educational purposes only. NSE:NIFTY NSE:NIFTY1! NSEIX:NIFTY1! NSE:NIFTY1!
Gold Elliott Wave Count The price of gold is predicted to decrease further to around 1760. Although there may be a slight rebound at the 1805 mark, the overall outlook remains negative. Once the correction is finished, the next upward trend is expected to reach the target range of 1900 and beyond. This information is for educational purposes only, so trade with...
BTC 1W 3 , 5 wave target 35000 area ABC correction targets 25000/ 23000/ 19500