Bitcoin has finally entered the last long correction wave (c). This wave will experience highs and lows that will be tricky for traders, sometimes appearing little bullish and at other times super bearish. It’s important to be careful during this wave, especially for scalping traders, because this wave has sharp dips. The first area we are waiting for Bitcoin to...
#6 of Q4 Price is forming a top here. The small expanding ending diagonal last week could be the top, but it is taking some time to breakdown. If price do break the red support zone confidently, movement down could be swift. For conservative trading, take a 50% short position now before confirmation in case you aren't available to catch it. But leave a...
A clear ending diagonal, with a triple divergence on RSI (30 min).
Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for your money.)
It looks very good as an Ellliott wave impulse pattern, but really needs to continue pushing through $2300–$2400 in order to confirm the bullish trend.
When a diagonal pattern completes, it can retrace the entire move in between a third of the time and half of the time it took to form. Let's see if this happens...
Uncle Jensen is pumping DELL at NVDA GTC event. Taking a short term swing trade on this name. Long between - 106-110; or enter lower if it gives an opportunity. Stop loss- 94. Target 1 - 125 Target 2 -TBD If taking calls, manage your risk.
#BTC Narrowing down the #Elliottwave count Retracement of a B wave of a flat should at least 0.9 of a wave A(0.8 Accepted by some CEWA's) B of a flat can't be a flat(Yes according older book editions. Questionable according to EWI) Green areas=juice no matter the count
Gotta say that I hate memecoins cause they're killing the market for a long while. Despite that, Doge will move towards 0.2 soon. You can use Fib levels based on chart for trading in short term. Good Luck To Us All.
Light Crude Oil Futures (CL): NYMEX:CL1! As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely...
The XRP/USD weekly chart displays a pattern resembling a double bottom. If confirmed, technical analysis suggests a possible price target exceeding $3.93. Additionally, anticipated discussions about Ripple ETFs could potentially influence the price upwards. Some analysts also identify a fractal pattern similar to the 2017 Elliott Wave suggesting the possibility of...
For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are...
VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up. Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching...
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside,...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M) The outlook analysis suggests that Gold may continue to push higher, but there's a limitation on the upside potential due to the fifth wave. The target could be aimed at $2295 - $2327, and as long as the price stays above $2240, it's a positive sign for this bullish view. Any contrary forecasts against my...
Master of Elliott Wave Analysis: Shane Hua (CEWA-M) This outlook analysis indicates a continuation of upward momentum in Crude Oil futures. However, there is a limitation on the upside potential due to the fifth wave. Nonetheless, the overall trend remains bullish, so as long as the price stays above $82.29, this trend is strongly supported, targeting $84.31 -...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M) This outlook analysis suggests a further upward push in Silver futures with wave 3-red. However, it's still early to conclude this, so there's an alternative wave count (ALT Wave count) to consider. Nevertheless, approaching the target of $25.97 seems feasible, while maintaining a price above $24.82 is a...