Night before last we tagged the 1.0 in the overnights. This is a very normal end point for C waves. After we hit the 1.0, we began to retrace higher. So far that pattern appears to be corrective, however I've been fooled before. Today/Monday will be very important in determining if we move up for a last wave 5 or we tank due to being in a C wave. As you can see...
On the H1 chart of GALAUSDT.P it seems that the price has completed a 5 wave down cycle and created an impulse bullish A wave. There was as price correction in B wave that creates an attractive entry point for further bullish move.
On the M30 chart of OMGUSDT.P a there is high probability of 5 Elliott down cycle completion with multiple bullish divergences on the AO indicator. Going long with targets in ABC zigzag.
This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 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 financial...
After years of falling dominance Bitcoin is heading into a correction, gradually reclaiming it back. The trend is holding in an ascending channel - this is positive At the moment, there is one more division left - the 5th wave The Fibonacci retracement to the plum is about 50% The target is 57%. Perhaps there is another subdivision lurking at the beginning of the...
The Elliott wave view in the CHFJPY suggests that the pair should remain supported in 3, 7, or 11 swings & extend higher. Because the main cycle from the 13 January 2023 low is having a higher high impulse sequence favoring more upside to take place. Within the short-term sequence, the pullback in wave 4 unfolded as an expanded flat correction where wave ((a))...
Looking at this analysis, just like with the rest of my post. We trade using Technical Tools. Using and measuring Price action with influences from news. In this Analysis... I was very reserved sending this one out like a long time ago because price was way off chart for me but, in news. I looked back at this markup to find to my surprise the prediction coming...
If we are in Intermediate wave 1 down, we are likely near the end of Minor wave 4 up. Here is confirmation of wave 3 of 3 with the pink bars aligning in the bottom indicator at Minute wave 3 (green) inside of Minor wave 3 (yellow): There is a chance Minor wave 4 up has finished and was only 2 hours long. While the other likely option and one pursued in this...
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