Was just wanting to update on Fisker for those that are so interested. We appeared to have finished our wave (2), but it's not confirmed yet. It could still make another move down and touch the 0.236 fib line @ $5.36. The 1.0 of our last A-B is $5.26 so it would not surprise me if we dropped down there again. As of now though, price may be starting an impulsive...
The short-term Elliott wave view in the OIL futures ($CL_F) suggests that the cycle from the 12 June 2023 low is unfolding in an impulse sequence that supports more upside in the instrument. Up from that low, the wave ((i)) ended at $72.72 high in a lesser degree 5 waves. While wave ((ii)) ended at 67.05 low and wave ((iii)) also unfolded in a lesser degree 5...
I backed out this chart and made it a 4HR time frame to show you all a couple things. These are very important clues that shouldn't be overlooked. The first thing is how short this move down from $299 has been and how little retrace there was for our (B) wave. Don't get me wrong, no rules have been broken and this could very well be all there is for (2). That is...
This is my current scenario for BTC. I see a head and shoulders being formed within a rising wedge. Bearish short term. Bullish long term.
Looks like the bottom is on track for early tomorrow Minute wave 5 should end tomorrow morning simultaneously ending Minor wave 5 and Intermediate wave 1 inside of Primary wave 1 of Cycle wave C. Minute wave 1 was only 3 hours long, and Minute wave 3 was only 2 hours long. This would mean Minute wave 5 should be 2 hours or less in duration. The quickest way to the...
Looks like the bottom is on track for early tomorrow Minute wave 5 should end tomorrow morning simultaneously ending Minor wave 5 and Intermediate wave 1 inside of Primary wave 1 of Cycle wave C. Minute wave 1 was only 3 hours long, and Minute wave 3 was only 2 hours long. This would mean Minute wave 5 should be 2 hours or less in duration. The quickest way to the...
I have almost gave up on the count with ongoing correction than suddenly noticed that it looks like an expanding triangle.
Hello my friends A 5-wave pattern can be seen in the chart of the CHF JPY And we expect growth up to the upper trend line Good luck
Curve DAO may have finished an Elliott Wave cycle, with a possible completion of Wave 5 (black) / Wave C (blue). Price action is still not convincing to the upside, but I´m watching smaller timeframes for a reversal. There is also bullish RSI divergence on the daily. This scenario invalidates below 0.4011.
I zoomed us out for this post to get a better/more obvious picture of where we are going. If my count is correct, we should move higher to finish out this wave 2 next. I have a target box marked showing where I anticipate this move to end. This move shouldn't take very long and be done by tomorrow. I would not be surprised if we don't raise all the way to my box....
Wave 4's purpose is to correct and consolidate the price movement from Wave 3 before the trend resumes with Wave 5. Traders and analysts use Elliott Wave Theory to try to anticipate potential price levels for the end of Wave 4 and the subsequent start of Wave 5, but it's important to note that Elliott Wave analysis can be subjective and open to interpretation...
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.
Still looking forward for some consolidation and higher prices on Nio. Nailed the count so far. Hopefully, the machine doesnt fail to deliver. Keep on keeping on. <3
We've successfully reached the initial target I previously mentioned (100% extension at 0.264), but an important observation is the lack of RSI divergence. This suggests the likelihood of experiencing another downward movement. I'm considering the possibility that wave 4 might still be in progress. However, it's important to note that my analysis remains...
OANDA:XAUUSD is still testing trend support and testing the market reaction. The price is not able to grow at the moment and continues to update local lows On the futures market, the price failed to pass through the 2000 area, on the spot market, the situation is simpler - we see a continued decline in price. The price is trying to get out of the descending...
We are somewhere in between and we have to wait for more upside or downside before entering a trade. In case of more upside, the wave X can be sold. In case of more downside, the wave Y can be bought.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
The elliott Wave count suggests we could soon see a top in place and then start to resume lower. Feel free to ask questions, Trade Safe!