The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Perhaps this could be a reversal point for Tesla.
I can see 5 waves of the lows.
Current pa looks corrective more than anything else, so a long with a decent stop loss wouldnt be a bad idea.
I have been anticipating this pullback for a while now. Looking upside confirmation, even if we already have some interesting signals that could identify the resumption of the uptrend.
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Tesla always brings us to a nice set up, and then tries to confuse us right before the actual event occurs. It's like Elon is just sitting there with wrenches waiting for the right time to chuck em' into the count. Nonetheless, that is why we make strategies and have plans in place before we ever enter a trade (stops hint hint).
We started EXACTLY as I thought...
It is time again to map Intermediate wave 3 IF Intermediate wave 2 finally finished (again). Specific models point to a possible extension (pink lines) between 135.64% and 165.83% of Intermediate wave 1. Model durations could be 138, 147, 155, or 172 hours. While still specific, but slightly different wave relationship data is considered (light blue lines) next,...
We are in a change of trend on GBPUSD, the price has been in a corrective phase as a double correction pattern. The correction is currently over we can expect some potential impulse moves to occur on the bearish direction.
So far this year, the pound has made significant progress to the upside. However, there's now a chance that the pair completed the final wave (5) of a five-wave bullish cycle, especially if we consider an ending diagonal formation within wave (5) and a broken trendline, so traders should be aware of more weaknes. A drop from 1.3145 can be counted in five waves for...
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.
The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
No clear impulse visible...
we might still have to embrace one more low..
Once upon a time in the bustling world of financial markets, there existed an extraordinary exchange-traded fund (ETF) called URA, which was intricately tied to the price movements of uranium. URA, short for Uranium Resources ETF, was an investment vehicle that allowed individuals to...
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe. The surprise would be that the 3 waves down are unfolding in 5 waves which would mean an ABC correction instead of a WXY.
The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility!
The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish...
FX:USDJPY continues to form an ascending price channel. After breaking one of the resistance lines, the price is forming a pattern that could weaken the price during the DXY stop.
On the chart, I have marked two levels that are quite close to each other. Pay attention to the levels 145.06 and 144.9. The price forms a correction after the formation of a double...
USDCAD is in a classic impulse pattern. Waves 1 and 4 are not overlapped, wave 3 is not the shortest wave compared to waves 1 and 5 and waves 1 and 5 are equal.
It's safe to say that the impulse phase is complete and we are most likely to start trading in a corrective phase. Not certain how long the correction will last but the price can be 100% of the previous...
