Pending 5 th wave can be breakout from this channel when it is near to trendlyne but pattern should be completed
IOTA is printing an impulsive wave since mid-August, and my primary count considers that we´re in the first sub-wave of green wave V. A break of 0.1747 sets the first target at 0.1872 (wave III high). Higher targets may be set after further price action.
From the first look, and according to the Elliott rules, Bitcoin rose from the bottom in three waves, not five waves. This is a corrective rise, not a motive, and it is supposed to visit the bottom again. All data has been shown on the chart and based on Elliott rules Note: The analysis fails if it closes above the C region, which is $32000 Please clarify that I...
For traders (lower timeframe): The primary expectation is now that we get an additional corrective leg as a wave (y). The wave (y) should end wave X. This move up should be followed by more downside as a wave Y. For investors (higher timeframe): In the higher timeframe, it looks like we are doing a wave (4) down which should be followed by a wave (5) up....
For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the...
Hello Traders, back again with an update to NIFTY50! The forecast as per my latter analysis worked out well! NIFTY50 has risen to a new ATH after a break to the upside off the wedge! Breaks out of this pattern more often than not, move sharp and strong with higher volume and extend often! So, the question is what will be next for India's stock market? As to...
FX:EURUSD is testing the resistance of the current trend channel, but cannot break this area. While the TVC:DXY is correcting, the currency pair is forming consolidation The dollar index is declining after the retest of 105.00, most likely the area of 104.00 will give a new impulse, therefore, the forex market will give a corresponding reaction. If the...
FX:GBPUSD is forming a local reversal setup, while the dollar, from the opening of the session, is starting to form a correction On the chart below, I pointed out the "double bottom" pattern, which has overcome the base of the pattern. The important level for us is 1.2511. If the bulls hold this area, the price may strengthen to 1.26065. The dollar index has...
DXY aka dollar index price instead of forming expanding flat pattern, probably is forming a running flat pattern where price will be kept below 105.883 for time being.
Gold's "market maker" seem like knowing that majority are waiting for < 1900, so...They made it "u-turn" @ 1900.97 (fxcm) by forming daily pin bar?...
For traders (lower timeframe): As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
For traders (lower timeframe): The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction...
after watching closely this impulse (1 blue) higher probability to see a pullback printing corrective wave 2. this is a good opportunity to enter a long position where minimum target for a wave 3 is the 1.61% extension of wave 1. for this setup the stop loss is below the low/start of impulse, if the low it's taken this scenario will be invalidated. target...
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.
decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to). >i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things...
good eve' check out this beautiful pitchfork on the nasdaq. --- what i'm depicting here is a 2.618 expanded flat, which is an expanded flat with an extension in one of the legs. --- these are usually designed to push bears out of the market due to high short interest. unfortunately, what usually ends up happening is bears keep shorting, and the market keeps...
Move up from 7 Sept low looks corrective. Blue ellipse contains a regular flat, green ellipse contains an expanded flat, and red ellipse looks like a double combo.
More sells anticipated on Gold, we are in a double correction on a higher timeframe/ Degree. Potential impulse pattern on a wave (C), we already have a 1-2 sequence.