Hi traders, Last week SPX500USD went up again for wave 5 of the bigger wave 3. Next week we could see another small move up. Price is dying out but there are still no clear signs of a reversal. So I'll wait for more development. Trade idea: Don't trade at this point. If you want to learn more about wave analysis, please make sure to follow me, give a like and...
Hi traders, Last week EU broke structure again to the downside. So this could be wave 3 of a bigger downmove. Next week we could see a (corrective) move up again into the higher FVG and after that a drop to break the swing low. Trade idea: Trade sells after a correction and a change in orderflow to bearish on a lower timeframe. If you want to learn more about...
Here is the market outlook on Gold (XAUUSD) for next week. It is a clear projection of what is mostly likely to happen on Gold from 25th March to 29th March. In monthly timeframe price has tried to strongly push to the upside near the dynamic resistance level but by the end of the week strong rejection happened. This is a clear indicator of a possible retest of...
Master of Elliott Wave Analysis: Shane Hua (CEWA-M) The short-term outlook may suggest that Bitcoin could potentially decline further, finding support around $60,412 as the immediate target, or even lower. It's important for the price to stay below the high levels of $68,234 and $66,651, which could act as potential stop levels. Invalidation point: $68,234
The plan is detailed enough, our goal is to ride the next wave of BINANCE:BOMEUSDT pump. Set your buy limit orders accordingly. Follow me and support my ideas for more trade updates. Let me your thoughts in the comment box. Cheers!
Analysis Overview: As we navigate through the intricacies of XAUUSD's price action, a new bullish scenario emerges, challenging the conventional expectations set by recent trends. This analysis delves into the possibility that the blue Wave B/X concluded with a truncated Wave Y around 2065, leading to the formation of the final leg of the blue Wave C/Y, bottoming...
Review: Let's review the key points of the previous update (Dec 16th 2023): In wave IV of C of (3). In the second 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle. 80D cycle trough 21nd January to 2nd February 2024. 40W cycle trough in June 2024. Update: January 23rd was the date that BTC...
Review: Key points of the previous update (March 17th): Started wave X of (B). Wave X is a double zigzag. March 7th, we formed a 20W cycle trough. Next major trough, 18M cycle trough in early July. 40D cycle trough: 9-10 April. 80D cycle trough: 14th May. Update: Analysis of the Structure: This week we completed wave x of X as a flat...
DAX (DAX Index): XETR:DAX We recognize that our analysis might diverge from other analysts', but our assessment clearly indicates that the DAX is currently in an overarching Wave 4, visible on the weekly chart within a multi-year scenario. This holds unless we surpass the 18,000 level. If we move beyond 18,000, a reevaluation and recount would be necessary....
Fortuna Silver Mines (FSM): NYSE:FSM Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should...
Silver (XAGUSD): OANDA:XAGUSD In Silver, we believe we have formed the low with Wave 2 at $21.93. Since then, we've developed Waves (i) and (ii), and now likely Wave (iii) as well. It appears we've caught up with Wave (5) at the 50% extension level at $25.36. Should we now drop for Wave (iv), we expect it to be in the range between 38.2% and 61.8%, more...
Kraft Heinz Company (KHC): NASDAQ:KHC Analyzing The Kraft Heinz Company on the weekly chart, we've observed a notable price movement since its IPO in 2015. Initially, there was an uptrend until 2017, followed by a three-year downtrend culminating in the COVID-19 low at $19.99. Our current analysis suggests an impending upward movement. We anticipate Kraft...
Gold ( OANDA:XAUUSD , AMEX:GLD ) in its quarterly chart clearly shows that the upswing seriously lack momentum and is most likely followed by a drop. This is coupled with a bullish US dollar ( TVC:DXY ) as seen in the monthly probably to retrace to the 0.618 area of the previous drop.
Upon closer assessment of the gold chart, we anticipate that Wave 1 has now concluded, and we are currently developing an Expanded Flat, likely as the subordinate correction Wave ((a)). We do not believe that Wave 2 is going to be completed so fast. Instead, we expect Wave 2 to undergo a longer correction phase, moving sideways rather than experiencing a...
The company still has expertise and patents in the robot and automation world. Their debt is manageble and robotics still has potential in other areas like warehouse. Also a 33% short interest means that any move up would encourage shorters to close their positions. I think 28$ is a good target.
Strong bounce after breaking previous low. I expected it to go even lower, but I think a jump up is in the cards now
Hello Traders, The NIFTY50 fell into my target zone of 21750-21700 this week. After this decline touched this zone, it reversed and it was probably the whole weakening phase for N50! Wednesday was the low of the mentioned range and on Thursday N50 jumped with a massive gap of 150 points to a daily close @ 22011. Today's candle is a bullish engulfing, a candlestick...
This coin interests me because it has great potential in 2024. Decentralized exchanges will become popular as they provide security for investors. We are in a three-wave structure, and if the growth continues, I believe we will transition into an impulsive five-wave structure