Crude Oil - Elliott Wave Count Crude appears to be completing wave 4, with an impulse wave 5 up move expected. Remember that if the price drops below 82.5, it is considered invalid. This information is for educational purposes only, so trade with caution. MCX:CRUDEOIL1! NYMEX:CL1! CAPITALCOM:OIL_CRUDE FX:USOILSPOT TVC:USOIL
In my last few updates, I have mentioned we could have a longer drawn-out wave (2) due to the way a wave shaped up. We have been hitting standard targets for us to end in the 0.618-0.786 area as well creating another indicator. I also stated in my last post: "My ALT, which is labeled in turquoise, suggests this has all been part of just the micro a wave of our...
It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
HDFC bank Elliott Wave Count HDFC Bank - The market appears to be ready for the next impulsive wave. 1484 level to be safe for the bullish view, if that breaks below then the view is considered invalid. Please exercise caution when trading as this information is for educational purposes only. NSE:HDFCBANK NSE:HDFCBANK1! BSE:HDBK1!
My preferred view of SPX & SPY for the next couple of months- I think we've bottomed around the $4220 level, and will see continued bullish price action for the next few weeks. However, I also notice a significant area of resistance around the $4450 level, that I highly doubt we'll be able to claim and move past. I'm still macro bearish for now, until proven...
There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
Gold. Base on Elliott wave principle/ theory/rules.. You may disagree/ argue with me that subway of any corrective wave in triangle consist of expanding flat but i have seem it and prove it with my z-factor (speed analysis) as It happens very often in lower time frame chart.
Its part of market correction, BNB is also included, one last down that i thinks should go below $2000, and we can see some move up, save your change guys! get your hand dirty and buy the dip!
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.
Looking for continuation higher in the Nasdaq once we reach wave {c} target of equality with wave {a}. Looking for one more leg lower before resuming higher. Feel free to ask question and leave a like if you enjoy the content. Trade safe!
I have a completed impulse down from high of 4371.25, impulsive price action off low of 4235.50. Leading diagonal in green ellipse suggests to me that more downside is likely to come, but anything is possible.
OANDA:XAUUSD is forming a consolidation in the liquidity area range. In this case, there can be a lot of traps before moving to one side or the other, as this is one of the essence of consolidation The fundamental backdrop for gold is still negative, as the TVC:DXY continues to strengthen and seeks further upper targets, which will have a negative impact on...
EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish TA on the high timeframe: False breakout of resistance. If the...
hree historical downward waves were made, and when they were completed, the price did not rise, but rather wanted to go sideways for a large distance and time, and this may indicate that the probability of the discharge is high, and the three downward waves become only one wave, and the sideways trend is a second wave, and there remains a final strong bearish...
Bitcoin will hit 39k this year in December 2023, according to my technical analysis and calculations. This new analysis is on the 12h chart and shows very important technical data! First, we need to consider the major yellow descending trendline. This trendline has been destroyed by the bulls, and we also had a successful retest of it! This is your chance to...
Rough analysis on the possible direction of gppusd. Currently believe that a corrective wave is at play before another strong push to the downside.
The EUR/USD currency pair is currently in a downtrend on all three timeframes (30-min, 4-hour, and daily). On the 30-minute chart, the pair is trading below its 200-period moving average, which is a bearish signal. The pair is also trading below a descending trendline, which provides further resistance. On the 4-hour chart, the EUR/USD currency pair is also...