Hi traders, Bitcoin is still in a bigger (complex) pullback. It broke and close under the previous low (orange line) and the upward trendchannel so I think the B-wave is finished and price is now in the C-wave. In that case we could see another drop minimal to 25K to finish the bigger correction. I would look to trade sells. Let's see what the market does...
Hi traders, Due to the geopolitical situation with Israel XAUUSD finished the bigger correction (changed to black A-B-C correction again) and is now in the next impulsive wave up. Last week I said price could go up again. So the wavecount doesn't matter as long as the direction is right you make money. For next week we could see a (small) correction down and up...
Hi traders, Last week SPX500USD went up and made a correction down. Next week I think it can go higher for a bigger correction or the next impulsive move up. Let's see what price does next week and react. At the moment there are no trading opportunities. If you want to learn more about trading with supply and demand and wave analysis, please make sure to...
Hi traders, Last week EU went up very corrective and dropped again. This looks like another impulse down. So the start of the light blue HTF wave C has to wait. Let's see what price does after it breaks the low. Trade idea: Trade sells after a correction up and a LTF change in orderflow to bearish. Let's see what the price action does next week and react....
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.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! 22.50 is my new level, 22.05 is the start of the area. Broke down and found resistance under. Bulls need to break and flip. Either #Sol is the strongest or the...
In the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more downside as a wave (4) and take out the low.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Followed one of my projections up, in an #Elliottwave ZZ structure atm. Some clarity pivots labeled here. If correct, a W3 could be on its way. 17.5K is the MLT...
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 the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more corrective price action as a wave (4) and take out the low.
The primary expectation is that wave ((c)) of wave 2 is finished. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we probably take out the low as an impulsive fifth wave down.
BINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move...
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.
As long as the price holds recent Oct lows, I will continue to expect it to move towards next important resistance area: 31-35-38. Afterwards it would be ideal for price to consolidate and form a handle part of the cup with later break out above 35 pivot to confirm its intentions to move to next important resistance areas: 43-48-52 Short-term trading...
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.
In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective...
AMZN is trying to fill the gap between 131 and 135. The gap has not been completely filled. When a gap is not filled in a downtrend, it is a sign of weakness. AMZN is also not able to break above 50 SMA, which is hovering in the area of the gap. When AMZN reached 123 on 28 September, it was testing 38.2% retracement of the 1-2-3-4-5 Motive Wave. This level was...
ATOR is in wave C of the bullish momentum ENTRY: 0.5030 - 0.5378 SL: Daily Close below 0.5030 (Manual) TP:0.87 RR: 1:4