Wave A most likely done. We still need to finish wave B and C before the last lager wave.
BIST100 (XU100) is in correction mode with a WXY correction. Expect to see a short term increase to form Y leg and then two targets are marked at the bottom side.
SOL has been continuing its rally since February 7, 2024. At the moment, I think it has completed the 1st wave of the Elliot Wave impulse wave and started the 3rd wave. As of today, I opened my long position and I think it will rally to a minimum of $ 3. If it falls below $1.90, I will close my long position. I plan to close part of my long position around $3....
The SOL in tf 1 hr or less technically price already come down to the target of 175-178 (but still looking for the lower be careful of another bullish trend still going up somehow
RBA (central bank of Australia) did leave the interest rates unchanged tonight and this had also an effect on the GBPNZD as New Zealands currency is strongly correlated to the AUD. It seems like GBPNZD got past the resistance area (still could end up as a liquidity sweep and reverse) but it seems more likely we are moving higher up. There´s still an alternative...
Point Interest is 104.0-104.2 2 ways for this wave will be 5 failed or Not? ....
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150 Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side...
Technically a rising channel in what looks like a uptrend can be a sign that reversal could be in play in the possible future and price to retrace back to the higher low which is the support before trending upwards again. support and resistance zone are our areas of play and chart pattern happen with that area , it is only a matter of understanding technical...
SMCI set some wild fire across all Semi-names. There will many sympathy plays across this sector this week, IMO. I caught the ARM Short squeeze last week from 120 to 160. and I got few more commons when it dipped. Below is the trade plan for commons, If you are trading options, have a tight stop loss. Long between 137-145 Stop Loss - 130 Target #1...
GOLD will be going bearish! entry for long-term trading Time for selling GOLD & other USD correlated pairs, Very nice configuration on GOLD especially & other USD pairs showing a bearish mouvement soon this week. USD index (DXY) for other side, is on a crucial area to break higher the triangle pattern. What proves that we will be assisting on a big movement on...
Still behaving as predicted. Notice price hit the 0.236 retracement fib to the cent today? This just reinforces the accuracy of the retracement tool and helps verify the count. I am counting that as our mini B wave which indicates we're now in the C wave of b. It appears we've carved out the first wave of that C wave thus far. I expect us to continue higher...
Bearish idea for spy leading into Q2/Q3! MY favorite SPY chart right now
GBPNZD is in my opinion in an uptrend that is part of larger ABC (white; could be WXY too) and moving inside a channel. My outlook is that price will move past the current resistance zone in a bullish manner.
I have been going over my count once more and I´m not anymore completely convinced that the price will continue upwards immediately. In fact, GBPAUD and GBPNZD are moving very similar and I have GBPAUD going down at first. Of course this is no guaranty that both pairs continue do behave similar but it´s a possibility. For now, I remain neutral and I closed my...
Here is the foundation for my trading plans with GBPAUD. Lately, I have been starting to look at the market in fractals, meaning that especially during periods of corrective price actions the market often moves in 3 wave patterns. Each of these patterns consists on a lower level of some kind of 3 wave pattern e.g. ABCs or WXYs of all kinds. This is what I´m trying...
Regarding Micron Technology, we believe we are dealing with an overarching Wave (3). This wave should reach at least the 161.8% extension level at $158. We've seen the Wave (2) low buy at $1.36, indicating significant parabolic momentum has been built up. Since that low, there's been an increase of over 5000%, which is staggeringly high. However, as rapid and...
GBPAUD could be worth the risk to short for the interest news tonight. I believe that GBPAUD is in a corrective channel and should go down for a wave C. This wave C is part of a larger corrective pattern. At the end of the wave C we can expect GBPAUD to rise, rising to the highs of August 2008.