This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...
ATnT ( NYSE:T ) looks to be have hit its bottom in August of 2023. It could be completing its first leg of an Elliot Wave pattern here which would send it toward $26/share by the 4th Quarter of 2026. This would be about a 66% return over the course of the next 18 months, not including Dividend distributions.
Recent Achievements: DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280 . Post-achievement, the focus was on determining the subsequent direction of DXY. Trend Line Breakthrough: Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking...
First of all, this is not the prettiest C wave, but if you have the BTCUSD bottom in, then I think this is how you have to do it. Price action did not touch the median line of either pitchfork, and if that remains true, price action should turn back up towards ATHs. I would like to see price get above 62390.01 to rule out a diagonal C wave to have more confidence...
Watching UVIX break through its low of $8.37 this morning gives me confidence that market top is not in. The most bullish scenario now would see four separate impulse waves (in blue ellipses) since low of 4963.50. Pivots at 5022.25 and 5036.25 were both technical, bouncing off .618 fib levels. Bulls need to advance above 5200 with continued impulsive action, and...
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At Xiaomi HKEX:1810 , unlike Alibaba, all financial data is in Hong Kong Dollars (HKD) since we are examining the stock on the Hong Kong Exchange. We observed a double bottom formation at 8.28 HKD for Wave II, which also coincides with the bottom edge of our Volume Node. From there, we've seen a significant rise, over 100%, in a relatively short period, with the...
Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week! Fundamentally, Alibaba holds substantial potential, and...
DOT finished a 5-wave cycle which is now being corrected. Wave C could have finished in the green support zone, but I don´t rule out another leg down. The break of blue resistance will be very bullish.
Disclaimer 1: This is a bias view. I think that 20Y yield (as well as 10Y) will be going down. Disclaimer 2: Note that this is the 2nd time this year I am calling for longer duration yields to go down (linked in this analysis). Analysis portion: 1. H&S formation. 2. Completion of double combination of zig-zag.
FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is...
FX:NZDUSD reaches the previously outlined target. The trend remains and has a bearish direction, the structure of which is preserved and the direction of price movement can be continued. A retest of 0.5940 is formed on the background of yesterday's news and a slight weakening of the dollar index. The currency pair is strengthening within the downtrend,...
I will first answer the question to someone ask me a timeframe to hit my personal target 0.065 - 0.091. First of all and always need to say, it is just a pure guess. To 0.1 - 0.091 in 1-4 days. To 0.091 - 0.065 I am not sure that it will reach this area but consider BTC correction I bet it will arrive somewhere between this in 4 days - 2...
This is an attempt to use Elliott Wave Theory to predict the future movement of the price of bitcoin. This analysis assumes the top is already in and that it has been established with a 12345 upward extension succeeded by a 12345 downward extension. The next move is an abc correction up to around $68K before a continuation of the assumed downtrend which will...
If you find this information inspiring/helpful, please consider a boost and follow! Looking for these paths to play out for clarity to play off of. Possible Elliott wave triangle here. A break down and reclaim is a nice conservative move I am looking to play. A break up impulsively, I would be watching for a retrace to play high. The target for the triangle may...
- Price moved in 5 waves to the downside - this will probably result in lower prices in near terms. - I'm expecting horizontal movement to finish wave B and then another impulsive, 5 wave move to the downside.
It takes a long time for the world reserve currency to die, but it is an eventuality. A "When" and not a "IF". This analysis is based on my own bias reading using Elliott Waves, and also on a few other major issues: 1. The US debt of 34.2 Trillion. 2. The atrocities happening in the US and committed by the US worldwide (if you don't know what I am talking about,...