WIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance. Note: The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as...
Similar to other cryptocurrencies, Uniswap presents a scenario where we're concluding Wave 3 and now developing Wave 4. This Wave 4 is expected to retrace between 38% and 50%. We're setting our stop-loss below the level of the subordinate Wave ((iv)), to accommodate the possibility of this level being revisited without being stopped out. The upward trajectory...
WIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance Note: The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the...
Bull count in green has wave 4 complete with a double-three, bulls need to hold 5150 and break above 5243.50. Bear count has leading diagonal 1 in progress, needs 51550 support to break and 5243.50 resistance to hold.
MDTUSDT Elliott Wave Technical Analysis Mode: Corrective Structure: Zizag Position: Wave (c) of (x) Direction: Wave (c) of (x) is still in play Details: Wave (x) is still in play which I expected to be end around 0.080-0.068 forming a running flat, which will be my entry point. Next Direction: Wave (y) Targets: the area between 0.16-0.17 with...
keeping a close eye on the EURUSD and always waiting for potential completed waves to take an entry!
Updated Bonk chart. Please check the BONK chart below. Thank you.
My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
Bonk High risk 4-5 setup. The 1-2setup is preferred over the 4-5 because it captures early trend movements. Note: Most of the market moves are in 3 waves; the 5th wave is not guaranteed, making the 1-2 setup less risky and potentially more profitable.
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. CFXUSDT Elliott Wave Technical Analysis Mode: Corrective Position: Wave (c)...
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...
Apple is still doing a 3-wave correction from Dec 2021. Last Thursday's 4+% gain showed 5 waves but I believe it is the C leg of an ABC correction from March, as shown in the daily chart. Such a strong move as day one from the bottom is typical for a "short squeeze" or a "bear market rally" because Apple has been down a lot already from the top. A true bottom...
Concerns about Bitcoin’s recent decline, driven by fear and a risk-off attitude due to Middle East tensions, have arisen. However, this appears to be a healthy correction within the ongoing uptrend, ahead of the upcoming halving. On a daily chart we are currently observing wave III after recent extension and there can be space for more upside, so after current...
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
ETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees...
We stick to our base case, which we've been tracking since January, the market may experience a significant retracement before resuming its upward trend. As previously stated, the market appears to have formed a double top with negative divergence against the RSI indicator, and after a modest bounce on Monday, it could fall to everyone's surprise.
BTCUSD Elliott Wave Technical Analysis Mode: Corrective Position: Wave (iv) of (c) Direction: Wave (iv) of (c) is still in play Details: Wave (iv) is still in play which I expected to be end around 66-67K. Next Direction: Wave (V) which will complete the next higher Degrees Wave (c) Target : the area between 60-58k Wave Cancel invalid level: BTC going above...
As explained in detail in the free weekly outlooks , check it out for the complete picture! D1 buying to trade the C up, looking for buy setups on the lower timeframes against the invalidation point 1st targeting the 100fib. Good luck and trade safe! Thanks for taking a look and if you like this idea hit the thumbs up to show your appreciation for this free...