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.
Of all the possible future projections we have for the price of Bitcoin, this is the projection that has the highest probability of being fulfilled. The main reasons for the above statement are: - Using the Fibonacci extension tool, we can see that both the extension of wave 'C' (at 1.618) and the extension of sub-wave 'C' (at 2.618) coincide at the same point...
Intry price:1891.50 Stop lose:1896.00 Tp short1:1895.00 Tp short2:1880.00 Risk/reward ratio:
OANDA:XAUUSD is at the beginning of wave 2 of the big wave 5. If the fundamental conditions are in favor of the US dollar and against gold (like right now). The chart moves according to the wave count. Microwave counts may change slightly during the movement of the chart, but the final target of microwave 2 is the 61.8 Fibonacci range or the price range of 1778-1792.
Hello trader, OANDA:XAUUSD is at the beginning of wave 3 of downward wave C. If the fundamental conditions are in favor of the US dollar and against gold (like right now). The chart moves according to the wave count. The micro wave counts may change slightly during the movement of the chart, but the ultimate goal of wave C is the 61.8 Fibonacci range or the...
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.
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)).
We made a new high and this supports the scenario of another corrective leg up as forecasted. This means we can see some more upside to finish wave X, before reversing down as a wave Y.
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 instead of a WXY.
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.
Bank Nifty August losses recovered, yesterday move is in style despite it being an expiry day. That is testimony of the underlying market strength in this Index. Rotation here remains strong, one target around 47500 remains an objective to print. PSU banks join once again the bandwagon, there is lot more steam left to realise not just in the short term but in long...
AMEX:SPY September 14,2023 15 Minutes Yesterday projected levels were held. Moving averages have converged. If we consider 453.67 as wave 5 then ABC is going on. 442.75 A, 447.77 B. Hence pattern will break only above 448.77. Today if 445.33 is broken downside we can expect 442-440 levels as C. As discussed last few days considering the fall 453.67 to 442.5...
In my prior posts I have been calling for a hard drop coming up for Tesla. So far that has only half materialized ((A) wave). This move up definitely complicates things because it is without a doubt very strong. IMO Tesla is helping to keep the NASDAQ green right now...for now. Rather it be an end to a new wave i of 3 or the end of (B) wave, we are going to...
We will try to fit a few analyses into this one. First and foremost is forecasting the end of Minor wave 3 assuming Minor wave 2 ended in the first hour of trading on September 11. Based on historical models for Minor wave 3s inside of Intermediate wave 3s, the minimum movement extension was 119.45%, quartiles are 144.66%, 160.615%, and 197.56%, with a max move at...