USOIL A pattern of a series of zigzags is forming in the global picture, which suggests another final downward impulse in wave C
We are waiting for the end of a WXY correction before going long again.
Wave counting for the next couple of quarters
Ends 5 Wave But She has several goals Target $3.35 Target $4.20 ;-) Target $4.80
Ending wave of correction 2 Next, we expect growth in wave 3 First targets $380-$400 or higher
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.
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 short-term Elliott wave view in NVDA suggests that the stock has ended the cycle from the 22 February 2023 low in 5 waves impulse sequence within bigger wave ((3)) at $480.88 high. Now, while below there the stock is doing a pullback lower in wave ((4)). To correct that cycle in 3, 7, or 11 swings before the upside resumes again. So far the pullback is...
(C) isnt done IMO. i expect a retrace if we arent making some sort of a B triang into a giant LD diag. Everything is possible. But some things are less likely to happen. For the moment , i put two roads to victory.
USDJPY is nearing a very important high and is likely to decline thousands of pips over the coming months. Back in October 2022, USDJPY reached a pinnacle turning point. In October, USDJPY declined in an impulse wave suggesting the larger trend had turned lower. The rally since Q1 2023 is a double zigzag, a corrective wave further signaling the larger trend is...
We are literally sitting at the golden pocket play. Move up looks somewhat more impulsive than the one that just came down. Btc is the boss. If it goes, everything goes. But this is not the time to short, maybe long rather. good luck
Take things with a grain of salt. This would be idealised scenario for NIO to play out. Alt count would be the impulse with a LD 3rd bearish count, that i personally dont believe in, would be that this was a zig zag. and soon we will drop.
Here is a very rough path if the end of Primary wave 1 is in October 2023 and above 4030. We are currently signaling a wave 3 of 3 meaning some sort of upward movement should begin within the next 2 days and possibly last 1-4 days.
Still awaiting additional price confirmation we are in Cycle wave C downward, but here is the current forecast if the current market top holds. My hourly program generated the usual waypoints based on historical data. Interestingly enough, Cycle wave A (the downward period between January – October 2022 was 1365 trading hours. Not to be outdone, Cycle wave B...
Normally i dont like this difference between the timing of the wave 4 and 2. Still, i would repeat this is an alternate count. That would accept a further zig zag developement towards the lower prices.
Trade Idea: BUY Signal 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2.3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...