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.
After strong strengthening, the ruble again went looking for a bottom, which it does not have. At the moment of the high, near the top, the Central Bank of Erafia introduced a spread of about 30 rubles, so the top should be considered ~ 158 Taking into account that the correction started with an impulse, according to the Wave Theory this is only the first part of...
After a deep fall, Bitcoin continues its correction on positive market sentiment The correction is in the form of ABC zigzag where A=C Next reversal level $38
A deep fall is followed by a legitimate correction The impulse has gone down, so according to Elliott the corrective zigzag ABC will go upward C = A
A deep fall is followed by a legitimate correction The impulse has gone down, so according to Elliott the corrective zigzag ABC will go upward C = 1.618*A
Gold has reached a low of nearly $1900 today. This is an important low as two different Elliott Wave patterns we are following suggest a strong rally is about to develop. 1. B-wave triangle of a larger zigzag First, today's low may be wave (b) of a triangle pattern (black labels). Therefore, wave (c) will be a rally that carries up to about $1975. After some...
Back on June 29, we highlighted how Gold was poised to rally to $1975 and possibly $2000. Earlier this week, Gold reached $2010 and is now poised to dump below $1900. It appears this week's high was wave ((x)) of a double zigzag. That means wave ((y)) will unfold to the downside reaching $1850-$1880 and possibly $1750-$1780. Though we are halfway through this...
SP 500 Intermediate Impulse wave should have no trouble reaching 5000, as the the SP is still in Minor Wave 3.
Bull's are rallying up post NFP TP 3 can also be treated as a pivot point
This inbetween noise and stop hunt is more and more often seen because of the smart money concepts and markets going towards liquidity. I would call wave A micro to be an impulsive one, so i would be suprised if wave B micro goes above the 5 impulse level. Since Zig Zags are 535 structures.
AMEX:SPY August 3, 2023 15 Minutes We had LH LL, so trend was down. We were expecting 451 levels. As usual the gap will take out our views. Any way the first 15-minute bar high was 453.52 and low was 452.34. Trading is all about following our system to the dot. rest is just noise. The buy above as per table was not triggered. The system is when the trend is...
Hello Traders, another open target has been achieved today! Today's low was @16296; my target area was around 16300! On it's way down, N50 has broken the black trend line to the downside, what is bearish! It needs a break to the upside and above ~19540 range, both intraday and on a closing base, to send "bullish" and recovery arguments. If this could happen,...
BINANCE:FXSUSDT is squeezed within the consolidation boundaries of 7.174 - 3.910, but at the same time inside the range there is a prerequisite for a possible trend change and price strengthening A bullish pattern in the format of a "bearish wedge" is forming on the chart. The price is breaking resistance on the background of weak bitcoin. Investors are...
From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below. Note: the analysis fails if the price closes in the highest area 0.0245
attached chart, current price action is towards the 19300, as of now failed to hold the 19400-450 handle and once we give way to 19300, the hormonic pattern gets activated, which targets near top of the labelled wave 1, for education purpose only
It looks like the correction is taking place. We need to take out one more low before the correction is complete. However, a longer corrective move that goes deeper into the area of wave ((iv)) is also possible.
A deep fall is followed by a legitimate correction The impulse has gone down, so according to Elliott the corrective zigzag ABC will go upward
Historical Reversal and New Cycle End of the centenary cycle Great Britain adopted the gold standard in 1920 The pound went up to $10 In 1931, the gold standard was abolished And the pound began its centenary decline