The price of gold will decline for a while. The price target is 2134-2100 or maybe more.
Bullish count (in green) has us working on wave 5 of 3 of 3 of 3. Bear count (in red) has us completing wave 5 of C of Y of B. Both counts have upper limit of 5443.75 for validity. Bullish count would have wave 4 of 3 of 3 complete in the 5100-5200 area. Bearish count is looking for a market top.
According with the waves count and considering that we are in a supply zone, we have a long opportunity with this pair. We will wait the confirmation in lowers timeframes to set our SL
FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity...
FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market. Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech The dollar index are in...
Pfizer (PFE): NYSE:PFE At Pfizer, we believe that Wave (2) has not yet completed because Wave B precisely hits the 138% level and structurally does not make sense unless we see a breakthrough of the invalidation zone of the potential subordinate Wave (i) at about $41.62. However, we must form at least a double bottom at $11, which is our minimum expectation...
GBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower this year, for a higher degree wave 4 correction.
APT is another coin which getting ready to explode. Seems like APT can easily claim 20.3 right not in short term. But let's focus on the bigger picture. If APT can close above 20 in a weekly time frame, Wave 3 can go up to 24.2, then all the set up might change. If it can't, it will act like the way you see on the chart. Short Term Target: 20.3 Long Term...
Hey there! My previous idea was deleted by moderators. There was a bearish pennant that broke up, so now I see two ways of release. I am still expecting the 3rd wave of the ABC correctional wave, plus descending volumes and RSI moving at the top edge. And here the target I see is around $57,000, the previous support line. But another scenario is also possible...
This is my analysts on this pair, I think we have a small bullish wave and then its going to start a down wave .
Near is currently trying to break resistance zone in NEARBTC parameter. On it's on Near/USDT chart, Near is going to climb through 8 in a few days at most but it's not the thing that matters right now. NEARBTC is strong and stronger than ever. Too many new addresses creating during this period and altcoin season hasn't even started yet. On chain data looks...
Based on my personal view. The EURJPY pair presents an enticing opportunity for traders considering long positions, as recent price movements and technical indicators suggest a favourable setup for potential upside. 1) Reacted from the Breaker Block: EURJPY recently exhibited a notable reaction from a breaker block. This occurrence signals the strength of support...
Thoughts / feedback on Elliott Wave perspective? Overall Long, but shorted around 70k to potentially scoop again in the 50s. Thoughts?
There is mine Btc idea. I think BTC doing that moves, alts going pump after we will see a crush
FX:XAUUSD is forming a correction after a false breakdown of the resistance of the range. Against the backdrop of a strengthening dollar index, pressure from resistance appears in gold. The market is starting to bet that the Fed will not cut rates this year. At the same time Bostic (Fed) said he now expects only one Fed rate cut this year following Powell's...
Chart tells more than thousand words. See my complete Elliott Wave analysis in the prior posting.
Looking for the BO of the descending TL for a Running flat pattern
This has been an interesting week. A lot of screaming about corrections, crashes, dumping, bitcoin halving precursors, even conspiracies about gigantic billion dollar trades gone sour. All of this for a normal intra-rally correction after a fifth wave finish in Minute degree, that simply needed a correction, because the market goes up in five waves, and retraces...