On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.
On the weekly chart we can see that the green demand zone is very strong so it looks like it doesn't want to go much deeper. It can be that the wave 4 sequence is finished with a WXYXZ formation, but i have doubts. Indicators show that it may need more time to finish the sequence. Currently we have a strong impulse which could finish around 1830 and we should have...
Primary bull count has us on wave 4 of iii of (iii) of V. Anticipated bottom 5116.25-5199.25 before move back up towards 5450-5550. Primary bear count has top in, (b) of IV complete, (c) would be impulse with bottom expected 2979-3300.
I see that there is a pattern forming that indicates the beginning of the expected correction of the Turkish lira against the US dollar. Please note that this chart is on a monthly frame. It will take a medium period to be implemented. From my point of view, according to this analysis and data, there will be a small rise near the area of 32 to 34 Turkish liras per...
Chevron (CVX): NYSE:CVX Examining Chevron's charts, starting with the weekly chart, we believe the first cycle concluded at the level of $120 in July 2014. That's quite some time ago. Since then, we've also developed Wave II at $51.60, coinciding with the COVID-19 low, marking the end of Wave II. From there, we've constructed the initial impulse waves...
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Favourite count Running Flat Minute (Brown count) Inside Double3 Minor (Blue count)
Hello Dears I expect Bitcoin to continue to fall In the continuation of the fall, we have two scenarios Or the 5th wave is over and now there is the beginning of a heavy fall, which is unlikely Because one wave has become three waves! The second scenario is that the third wave has just been completed and now the fourth wave is being completed and then the fifth...
Corrective channel, EW Flat - wave C has a complete 5-waves internal structure. Price is also at DMA200.
My view now If the price cannot come down at every INVALID point, the resulting structure may be viewed as a corretion running flat, which can cause the price to continue to run up.
Can this be 3rd wave for UPL? Seems to be have completed A-B-C 2nd wave and ready to go up.
BOB - on 1hrly chart seems to be entering into C wave.
Hi every body! I see a good oppurtunity in holding MATIC, I think 2025 will be MATIC's year ... Please check carefully! Best Regards!
seems to be near to B wave completion (760-770 range) in A-B-C wave.. then may be into C Wave
ICICI on daily chart seems to be forming ending diagonal on Daily chart.
FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give...
FX:EURUSD is not going to change the global trend yet, continuing to break support zones with the aim of further declines on the back of the dollar index growth. The dollar index is preparing to strengthen further. The price is breaking the trend, which is generally negative for the currency pair. Today the market is waiting for PMI. In general, the data is...
I did mentioned in my last post that we need to drop one more time to complete wave C, but now I also think we could be in a eave 4 triangle correction.