Gold ( OANDA:XAUUSD , AMEX:GLD ) in its quarterly chart clearly shows that the upswing seriously lack momentum and is most likely followed by a drop. This is coupled with a bullish US dollar ( TVC:DXY ) as seen in the monthly probably to retrace to the 0.618 area of the previous drop.
Upon closer assessment of the gold chart, we anticipate that Wave 1 has now concluded, and we are currently developing an Expanded Flat, likely as the subordinate correction Wave ((a)). We do not believe that Wave 2 is going to be completed so fast. Instead, we expect Wave 2 to undergo a longer correction phase, moving sideways rather than experiencing a...
The company still has expertise and patents in the robot and automation world. Their debt is manageble and robotics still has potential in other areas like warehouse. Also a 33% short interest means that any move up would encourage shorters to close their positions. I think 28$ is a good target.
Hello Traders, The NIFTY50 fell into my target zone of 21750-21700 this week. After this decline touched this zone, it reversed and it was probably the whole weakening phase for N50! Wednesday was the low of the mentioned range and on Thursday N50 jumped with a massive gap of 150 points to a daily close @ 22011. Today's candle is a bullish engulfing, a candlestick...
This coin interests me because it has great potential in 2024. Decentralized exchanges will become popular as they provide security for investors. We are in a three-wave structure, and if the growth continues, I believe we will transition into an impulsive five-wave structure
FX:XAUUSD corrects after testing $2222. News on Thursday shook the market after Powell's dovish statement on Wednesday, which spurred a false breakdown and a 2.5% fall Yesterday the market met a bullish wave of news for the US market: Initial Jobless Claims down, PMI up, overall this is a locally positive scenario, but today at 13:30 Powell speaks, who can...
This could be one of the strong possibilities out there... Don't know what could be the factor or news but after comleting last up move to finish wave B of a flat we can expect strong impulsive C wave to complete Wave 4.
Here is a long-term analysis aimed at understanding when BTC is likely to reach $100,000. According to previous movements, we are currently in the Elliott Waves pattern, specifically in the 3rd wave, which typically represents the largest movement in the pattern. Therefore, during the summer, we can expect consolidation, characterized by ABC correction...
Hello 👋 📊West Texas Oil Analysis Analysis in the short and medium term is in the style of Elliot waves. Due to the formation of 5 rising waves, the market can enter correction, which will be formed in the form of ABC wave, which is currently expected to complete wave A, and any high can be a correction to continue falling. $82.0 range resistance Support and target...
The peak for Bitcoin is already made based on: 1. 5 wave structure 2. 2 Fibonacci Extension levels
VINC was a penny stock and is now in the near penny category as this biotech stock has had a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices and 125 shares are sold for profit with 100 shares still running as the momentum slows. Overall, the trades where profitable averaging 12% daily in an average trade of 4.5...
In my point of view EOS was playing a flat correction as 2nd wave and it is over. As the downtrend line broken it seems to 3rd wave has started. In that case EOS can reach even 25$-30$ in coming years. DYOR
2024-03-11 Starknet STRK Starknet is a coin that has been on major exchanges for only a few weeks. Some analysts speak highly of it, as potential multiplier of our funds. After some struggles getting a footing, it appears ready for a breakout for 2x gain.
In my point of view LDO token was playing a triangle from the beginning and now it has broken and retest done. We are looking at elliot wave counting also seems to 2nd wave done as a zig zag formation and as holding the upper trendline of the triangle strongly has a potential to continue it's bull rally from here. DYOR
BTC is trying to finish the leg 4. It is an ABC corrections. Lots if good opportunities. Please support me by sharing
last few ideas: --- you know why they call it the avalanche? because when it falls, it falls hard. you ever try stopping an avalanche? well you can't. that's what comes next. t h e a v a l a n c h e. --- avax is working on a macro double zig-zag, and is poised for a large push down in the months ahead. we could easily stay lingering around at these...
last post from 2022: --- dear anon, i write to you from a triangle which i am currently trapped in. my name is matic, and i'ma hit 10 cents within the next year. --- they call me a sharp zig-zag, which is sub-divided into a 5-3-5, with a triangle for the b wave. the triangle is not yet visible, but it will be as the months progress. i'm invalid if i...
last post: one from 2022: --- there's many ways to label this run, but it will under no circumstances be labeled as an impulse. it's not a bullish nest, and it's not 5 waves up. chop city, that's all it is. ralph nelson elliott would look at this and snicker, tongue in cheek at what's about to come. --- now that the boomers are in, we're going to...