In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
Current sugested count for BTC would be a sideways combo containing W Zig zag X Flat Y Flat Even tho this looks like an Flat structure, we cant have flats in waves B of a bigger flat accorrding to Elliottwave international. Green areas are places where i am waiting for potential supports and bounces. If we are creating (i) yellow (ii) yellow, this could be the...
Im of the opinion that we are printing the wave 3 of the last leg of the drop of Orai chain. This will go along with the last btc drop. If Btc is actually making waves 1/2. Accumulate. Then Send it!
Overview: we have been waiting for this 40W trough for weeks. I am not going through my previous updates and statements, just recapping the update of previous weekend: The bearish pressure of a 40W cycle trough is being felt completely. We will have the final push lower to bottom for wave b of 3. The volume increase of past few days = an aid in...
Here is my view on UsdJpy for next week, if price manages to close above the resisting zone my focus will be on going long on this this pair...on the contrary...if it fails to break above then ill be looking for rejection at the zone for selling opportunities
That is a big question right now. To me, there are so many different counts that can play out from here, and trying to dissect them all to pick just one as a primary is not easy. I wanted to remind everyone where we're headed in the long term according to my count. The chart below shows the pathway I would like to see Tesla make. These targets are not spaced for...
SBLK - looks like Wave 4 is almost complete. We are waiting for the wave 5 of C
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
The price is bullish in an impulse wave, and it is currently retesting the previous peak, and then rising again to make a new peak for the shaded area
Bear case is 12 12 red count. However, seems like it formed a leading expanding diagonal (presented in yellow) Which inclines that higher highs (regarding yellow (1)) should appear. Will it be a C of a zig zag or a wave 3 and new highs incoming.
Stocks came down yesterday, with SP500 futures making an intraday drop from 4480/4500 resistance to 4400, indicating on further weakness to 4300 for (C) wave. Rise back above 4480 will make (B) complex, but still part of deep correction
Price is trading in a nice Zig-Zag correction pattern in the bearish direction. We can expect a last drop before the next buys as a wave 3 for a bigger degree. One thing to focus on is the potential level at which the price might reach to( golden Fibonacci levels). Understanding that waves A and C are often equal can help us identify a potential turning point of...
Crude oil came down this week with risk-off flows as USD keeps moving higher ahead of details from Jackson Hole economic event. However, the drop is in three waves for the crude with the current price now approaching the upper side of the corrective channel, where successful breakout with a daily close above $80.50 or higher, can lead to a bullish trend once...
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.
It appears on the chart that it has created five bearish waves, followed by three corrective waves, so there is another bearish incomplete wave for the shaded area. Note: The analysis fails if the price closes above the $30,350 area
Hello, looking for one more low to complete wave c of (ii) before we could se any sort of upside resumption. By making another low we will also touch equality of c vs. a which is usually a place where we can expect support from Feel free to ask questions, if you enjoy the daily posts please leave a like and commend down below. Trade safe!
From my chart, it should be very obvious that the euphoria for NVDA has ended. We all know that this stock is over-priced. Yes, it is earning a lot more from the data centers (please see their financials if you are interested, but I don't trade from fundamental analysis). What we also know is that their executives have been selling into this price movement up....