I see the big rise that was achieved from the bottom in the form of only three waves. This is a corrective rise and not a motive. Let us just wait and see what will happen.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do...
From the chart, I see that it has executed three corrective waves, and currently the last slight sideways rise is underway and the strong decline begins again.. All the data is on the chart. Good luck. In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for...
USDCNH is caught up in a tightening triangle, but bullish RSI divergence indicated a higher probability of a break to the upside. Partial targets are shown in orange.
Bitcoin has been going sideways in the past weeks. Why? If we take a look at the chart, we can see that the price is inside this symmetrical tightening range. The only thing we can currently do is trade the range (sell high, buy low). Otherwise, we need to wait for the tightening range to show us the direction! Will it break up or down? Let me know in the comment...
The crazy run up of NFLX has been an almost straight line - which always makes me suspicious. To my observation retracement-less runs are mostly corrective. A healthy impulsive move has significant retracements (ie. Wave 2 is normally 61.8% by the books). Also noteworthy that the May 9, 2022 low is extremely oversold and the stock bounced without RSI divergence....
The chart pretty much speaks for itself. It looks like we are sub-dividing yet again. This drop from 05 April @ $253.96 is either another sub-division or it is the wave 1-2 of C forming with wave 3 of C of (C) coming soon to complete the larger A wave. The multiple boxes show the normal ending for the different sub-divisions with the red bordered box showing where...
Price continues his last leg upwards in Elliot wave Rectangle Reversal upwards Looking to buy retest of breakout
My bear primary count has BTCUSD forming an Elliott triangle wave 4, if correct will be looking for the E at ~66000, stop at 64457.83. Wave 5 to top 76000-80000, completing an impulse wave from November 2022 low.
UNH is correcting the cycle from Mar 2020 and is near a significant bottom. Most likely it will bounce followed by a marginal low. Great generational long opportunity, with stop set at 409.
WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
Hi All, Polygon (MATIC) is a significant blockchain project focused on Scalability and Efficiency . It enables faster, low-fee transactions within blockchain networks. As a top cryptocurrency, MATIC has recently undergone a healthy correction and is poised for a crucial move. Keep in mind that this coin requires a Mid or Longer time frame for substantial...
The leading diagonal wave 1 is preferred status from 1.009 to 4.528. Below 4.528 we are looking to the downside to complete wave 2
Hi traders, Last week Bitcoin did exactly what I said in my outlook. It finished the correction down and went up again. Now we could see the next impulsive wave up to finish wave 5. Let's see what the market does and react. Trade idea: Look for buys after the finish of a small correction down and a change in orderflow to bullish on a lower timeframe. If you...
Hi traders, Last week XAUUSD did exactly what I've said in my outlook. But instead of correcting lower price dropped into a FVG made after the weekly open and went up again. Next week we could see a correction down and more upside for this pair. Let's see what price does and react. Trade idea: wait for a correction down and a change in orderflow to bullish on...
Hi traders, Last week SPX500USD made the start of the (corrective) downmove just like I've said in my outlook. Now we should see another downmove to stay bearish. Trade idea: Let's see if the next downmove is impulsive or corrective. If it's impulsive you could trade sells after a small correction up on a lower timeframe. If you want to learn more about wave...
Hi traders, Last week EU dropped into the lower 4H FVG and shoot up from there into the weekly FVG. For next week we could see another 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 see more from my ICT/ wave analysis, please make sure to follow me, give a like...
Outlook for DJI on 1M chart. We are probably in sub-wave (c) of wave A. I think the sub-waves of wave A might form an expanded flat or Running flat. If this scenario is correct, It will probably crash. Last time my idea. ■Feb 10, 2024. middle-term analysis.