KO is now in the A-B-C Corrective Phase. Impulsive B wave can be a triangle, which was so in case of KO. KO has lost the support around 58 level. C corrective wave is usually inverse 161.8% of B wave, which is about 50 for KO.
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y could unfold as a WXY or ABC pattern.
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
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 A.
In mid-long term we are not so much bearish about NASDAQ:COIN and we think that the bulk of the descent has already been done. Although potentially a bearish structure (wave 5) could still be missing, by the end of 2023 we expect a rally around 110 area . At this moment we are obviously not talking about trading but about some interesting investment...
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we probably finished a WXY structure (in red) or we are close to finishing an ABC structure (in green).
The price of Bitcoin will be 120,000–130,000 USD in Q2 2025, according to my technical analysis! There is a strong confluence to sell Bitcoin here, and a lot of people will do it, so make sure you take profit in the next bull run. First of all, this is an analysis of the weekly chart on a linear scale, not a log scale. If we take the Fibonacci extension from...
Hello friends In the currency pair.... an ascending channel can be seen in the daily time frame which includes 5 motivational waves We are currently at the ceiling of the channel and the 5th wave The 5th wave is being completed and if it breaks the uptrend And the pull back will fall to the bottom of the channel at that price Of course, Also, the multiple...
Hello to traders and investors from across the globe! I'd like to introduce you to an exciting crypto that has recently captured my focus: GFTUSDT!. As I've observed, its price chart seems to be forming a classic Elliott Wave Flat Pattern. Looking ahead, we've successfully traded above the peak price of wave (b) within the (a)(b)(c) decline, marking the onset of...
As I said before, wave C is over and the daily price chart will officially enter the upward phase after the break of the green line, so the time of the break of the green line is a very good time to invest. Good luck and be rich.
The whole reasoning behind the change that I am making to my previous NDQ count is already described in the linked SPX update, so I am not going to repeat myself. Points to consider: we are in wave 2, considered as a triple zigzag for now. Monday September 25th has to be the first 40D cycle trough in the current 40W cycle. Monday September 25th also...
The downtrend should continue for a retest of 0.4185 low (yellow line). Key arguments: There is no RSI divergence on Sept. 11th low. There is a valid impulsive count for the downtrend (wave 4 respecting wave 1 -> purple line) Conditions are in place to consider a flat correction is finished (green abc).
Overview: let's review the key points of the previous update (September 16th): A major change to SPX count. The move up from Oct 2022 to July 2023, labeled as wave 1 and the current phase is a wave 2 that corrects that whole bullish phase. Wave 2 as a triple zigzag. Right now, in wave A of III of (a) of y of 2. I can consider 3953.05, 3917.09 and...
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.
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 point of view coming days we can see TRX in 0.83$ area. Then it may retrace back to 0.69$ area or below. In the end of this year TRX may start it's 3rd wave and can pump to previous ATH
50x in 5 months and over three years this crumbling - but it'll be over hopefully soon :) Expecting more weakness into the end of the year but then hoping for the next 50x up... bag holders (like me) deserve it eventually ;)
My primary count in the daily timeframe still holds, but blue wave 4 is insisting in taking forever to wrap up (5 months already). We already have the conditions to consider that a regular flat is finished, and the last leg down gave us RSI divergence. Target for Wave 5 is $10