As the trading week comes to a close, market participants have witnessed a slow yet steady rise in SPX futures. I'm going to dive into the advantages of trading futures, analyze the recent price action in ES futures and the SPX index, and discuss the leading diagonal pattern that played out in the market. I will also provide insights into what to expect for the...
Hello friends. After making off wit the bag from our ES short earlier today, we are now considering an ES long. Our reasoning is that the price has fallen below fair value and is now approaching a solid support area from the 1-1 equality extension which completes this ABC correction to the downside. We expect the price to briefly tap the 1-1 level at 3933 before...
Nothing in my count has changed. I believe we will get a decent drop into possibly this afternoon/beginning of next week with a higher chance of the latter. When we finally do get a drop I will be able to give more accurate end points for this wave 5 of C. When we do finally bottom I think Rivian stock will take off. If it follows Tesla then I don't think we will...
$EURUSD needs to attack once more 1.0870 to crush it for a confirmed continuation higher into targeted area. This week rejection does not look good and is indicating that we will probably need one more pullback before attack on this level.
The financial markets are a complex ecosystem where a multitude of factors influence the movement of securities. One of the key aspects of understanding market dynamics is recognizing patterns and monitoring key levels that can indicate possible future trends. In this article, I will discuss the leading diagonal pattern, its importance in technical analysis, and...
#BTCUSDT #ShaneElliottWave #Shaneliot BTCUSDT || Elliott Main wave count || 24 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: BTCUSDT Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
Hello traders. It's time to go down together. be happy (wink) 100% guarantee
#BTCUSDT #ShaneElliottWave #Shaneliot BTCUSDT || Elliott Main wave count || 24 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: BTCUSDT Trading strategies: Long Timeframe Analysis: 1H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Orange- Subminuette...
Multiple time frame analysis on USDJPY. Key levels & price action. Potential scenarios & trading recommendations. ❤️Please, support this video with like and comment!❤️
At this moment I have an ABC scenario that may also be an impulse with wave 3 instead of C. Wave A or 1 finished at 2.618 fib extension wave 1 (of wave A or 1) vs wave 2 (of wave B or 2), wave B or 2 that may be an extended flat pattern finished at 0.5 fib retracement of wave A or 1. Now probably we have finished also wave 1 from wave C or 3 ( a leading diagonal...
rsi was highly overbought and now it back to normal level after 12345 wave price has made abc correction with 0.382 retracement this macro trend for gold is super bullish it is ready to breakout its 2070 multi year resistance $2000 is a huge phycological level so profit taking here is very reasonable since macro is big bull on gold so may be it don't hit 0.618...
The November 2022 sell off seems to have placed Bitcoin in a base low of 15k+. This zone is now a strong demand zone/support. This was also the beginning of Elliot wave1 leg. As we know the Elliot wave consist of a five impulse/retracement(12345) wave and a correction wave ABC. The Elliot wave started at 15766 and wave 5 is believed to have been completed at the...
$XAUUSD is reaching the strong upside resistance 2000-2040 zone which is on a test again as it was previously rejected. Expect hard trading around this levels and a possible pullback again as the wedge has been formed
Alibaba’s downward price probably stalled @ 1) Demand Zone 2) Right shoulder of reverse head & shoulder pattern.
Topglove probably will have “deep pullback” toward 0.725 +/- where there is a major demand Zone PLUS/+ wave 2 (yellow) is a running flat pattern = abc ( green circled).
I had recently publish the idea to short and now I am re-iterating this with an update to the count. While I had expected another small wave up in my previous analysis, I did not expect a throwover. If you had traded with the previous published idea (linked here), you should do well if you had managed your risk well. This, for you, will just be an update to the count.
The market recently have been quite frustrating for EW analysts. The primary reason is because of combinations. Let me explain: If there are 2 things that can kill an Elliott Waver anticipating a reversal, they're extensions and combinations. Especially frustrating are combinations due to the fact that they are corrective in nature and hard to anticipate a...
Mr. Market probably make us “very high” as price almost reaching previous high.