On the higher time frame, we have failed to go back into the range value from May 2022 to Jan 2024 On the medium time frame, we have entered into the range value of from Jan 2024 to April 2024. This attracts a rotation to its value POC or VAH. The said range can also be said as an ABC correction and we are ready for a wave 3 impulse. Currently we have the...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
The stock has retraced to complete W-4 at Fib 0.618 golden ratio. It is on the way to the fifth wave. Watch out for the upcoming resistance. Wave -5 could be a failure so when getting on the target just before that, it may some aggressive selling. Everything I present here is for educational purposes, and it is not a recommendation for selling or buying.
- This is the bullish count for a breakout in gold. Silver already broke out and gold might follow. - Gold completed Wave 1 and 2 of wave 3 and wave 3of3 is ongoing. The move is expected to be strongly to the upside.
nas 100 so far looks to be holding the .768 retracement will it push thru it or push back to the downside will see what happens in next few days. overall market is still bullish
Bullish count on left, bearish count on right. Lots of gymnastics on the left, but it is still just a series of impulse waves up, with key higher low pivots held. There are different ways to interpret these impulse waves collectively, and the one I have chosen would get one complete impulse wave off low of 4963.50 to happen the quickest. Key price support at...
We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse. After a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see,...
Hello friends In the USDCHF currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 waves out of 5 impulse waves. Therefore, in both cases, there is a need to correct the price. Now, considering the formation of a terminal triangle pattern in wave 3 or C, we consider the...
My bullish count has completed impulse (1) off low of 15473.78, completed regular flat wave (2) from high of 73757.39. The flat is within the green ellipse, and the C wave of the flat is not my favorite; however, I think the possibility of a diagonal for lower lows has been eliminated at this point. Price moved above 65000 and has moved back down towards the...
- Gold is involved in sideways correction. - Watch out for whipsaws. - The way to go is to fade breakouts.
I think that we will see 52000 soon, regarding the Elliot Wave and the Fib Levels.
SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-
US10Y > 8% what happen for those house/ car mortgage? What happen to #gold when big player have "guaranteed" in bank deposits? What happen to "healthy" bank's "stock"?..
Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!
The fall, the rise and the close. As optically neutral or bias as the mind-set of the trader and investor currently. Everything looks like fairly factored, the interest rates, the growth, the political outcome, the overseas clues, but the sum of all these are not adding up. India Vix is rising, but note, it is not a tradable one, so can only infer than handle...
Now I looking for this scenario.. let's see Good Luck>> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your...
Given the NEo Wave analysis of the TSLA in 1h, 4h, and daily time frames, we assume that the correction is over, and after the current correction, only long positions are viable.
The USDJPY is likely to continue its upward path in the mid-term. There is still the possibility that the high of 29 April was only the X of the overshooting dark blue X and that the Y with a target of 135.58 will now follow, but this is not my primary scenario. I assume that the market is already on its way to its long-term high at 204.35.