We see Wave 1 : Its a 5 Wave sequence structure as such that the Wave 1 is a Leading Diagonal and hence the Wave will have a full 5 Wave sequence structure in the upward direction. Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory. We have an Annual Demand, wait for the Price to come into the Annual Demand...
We have a Wave 1 and 2 completed and the Wave 2 has retraced Wave 1 by less than 100% which confirms the Wave 1 and 2 as a complete structure and indicates a beginning of the most awaited Wave 3 According to the Fibonacci golden ratios Price should achieve the 161.80% that is 1331.25 as shown in the chart as well. Wait for the price to come into the...
Price has comepleted Wave 1 and Wave 2 and now Wave 3 is in formation Accoriding to the Fibonacci Extension we have 161.80% the golden ratio at Price 290.40 So this is the expected Price to reach in the upward direction. Price has been respecting Demands and moving upward recently this is a fresh Demand formed in which Price should retrace in order to...
What’s your opinion on my NASDAQ forecast in a weekly and 4h timeframe ..its suitable for long-term positions and scenarios to make .. if you like, you can leave your feedback or even correct me .. it's all about probability, so there is no need to push or pull.
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 up impulsive wave price corrective in flat abc after that price move up back above support from double bottom pattern TP1 = 1RR if this count is right wave counting TP2 should be easily reached
It's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave. It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E...
Bear trend in potential as the price action signalize a potential impulse wave 3 start, aiming local demand zone, as well a breaking micro triangle is forming wave 2 peak.
High-Level Overview: As we progress through 2023, it appears that Bitcoin (BTC) has transitioned into a cycle impulse wave, a bull run in a five-wave structure, from the bottom of the recent bear market. Within this cycle impulse wave, we are currently in the first primary wave, which is projected to climb up to the 39-40k range. However, this upward...
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
We have been looking at this bullish count for several weeks now. The down move from around 31k seems to be corrective in nature therefore it could be a complex correction within a wave {ii}. Looking for support to be found within the 28-30k area or else the count will be compromised. Feel free to ask any question, trade safe!
Wave 1 and Wave 2 are complete Wave 3 is Onn Price has formed a Demand in 6 Month chart Define ur risk and let ur Rewards grow exponentially !!! ENJOY THE RIDE ! ! !
As the short-term picture becomes clearer, I'm revising the view for the next six months (first published on May 27). The image below is based on the assumption of a larger rising wedge, which is dictated by the complexity of the moves observed since 2019, and specifically by what occurred in 2022-2023, which appears to be subwaves of WXY (double zigzags), which...
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. However, we cannot exclude another push as a wave ((iii)). Therefore, it might be a risky short trade.
My take is that the price is moving within the scenario outlined a week ago. This week I watch the market to complete the structure before engaging in any trades or considering alternatives.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FX:GBPAUD continues to form a bullish trend, as the high timeframe tells us. The price makes a false breakdown of the moving average and returns to the range. The price has returned to the ascending price channel and may form a retest or consolidation above the support level in the nearest future. At the moment the price is squeezed within the flat 1.9184...
Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.