looks like it’s either completed an Ending Diagonal in a 5th wave or it needs one more move down for its completion. Either way, with the massive negative divergence shown in the RSI, it looks ready for a big move up.
There is strong support and the bottom was tested again and rebounded from it. It is possible that we will see a large final wave rise in the shaded area above as long as it does not break its last low.. A big monthly rise is coming only if its last low is not broken.
Sharing of idea and shall not be treated as financial advice. Trade at your own risk.
bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten
Red count from the last update here seems to be the possible winner. Got some decent RSI divergence going on here on the daily and 4h. If this plays out as a leading diag to the downside, a retracement might very well go into 250+ before continuing further down.
$PEPPERSTONE: XAUUSD #ElliotWave The gold projection on 15 15-minute time frame is based on Elliot Waves. This is only one of the views.
$PEPPERSTONE: XAUUSD #ElliotWave The gold projection on 15 15-minute time frame is based on Elliot Waves. This is only one of the views.
Today Rivian fell $0.19 cents below the 0.786 retracement fib and ended $0.01 cent above the 1.382 extension. Thankfully the 1.382 held up at least for now, and the price action we're seeing off of that bottom looks promising. We bottomed on positive divergence, had a strong raise higher thus far (almost 5%), and structure is looking good for that move higher....
All drawn lines were made by measuring on Fibonacci. Buying and selling points are indicated on the lines. These are my personal opinions. It is not investment advice.
This is a private and personal visionYou cannot rely on it to determine your decision or enter or exit the marketThis personal insight is based on my development of Elliott WavesTherefore, it does not depend on any precise or known rulesThis is just a disclaimer
It seems that Shiba has broken out of the wave 4 triangle pattern. And after the formation of the first wave of the fifth wave, it has formed a corrective structure 'abc', which is probably the second wave of its fifth wave. that this 'abc' wave occurred in the support area of the Fibonacci levels and the end of the 'c' wave occurred at the bottom of the channel...
FX:XAUUSD is in the correction phase. A range between 2195 and 2145 is forming. On the local timeframe, the expected correction range is formed, and at this time the price is testing the psychological resistance level. The growth of gold stops. The price does not reach 2200. Obchms are declining, price is forming a consolidation or even a trading range. On H1...
Considering the inflation in the world as well as the decrease in income in the world and considering the policy of the world's banks based on contractionary policy, it is expected that a large number of people will buy cryptocurrencies, especially Bitcoin. It is still expected that the third wave will continue. According to the statistical data as well as the...
Soundhound Ai seems to be ready to finally print another impulsive structure. Break this local descending patternt and this will be a full send. Current possible outcomes are a strong wave 3 or a wave C
Astronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe. Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching...
Boeing stock should bottom at around $163 and the rally will be immense. Add this stock to your watchlist.
Everything looks set for FTX to pop out of the current $2.60 region to reclaim $3 and possibly higher. Few days ago I shared my larger time frame analysis which sees the price of FTX coin BINANCE:FTTUSDT going all the way back above $6. Today, I’m looking at the lower timeframes and I think the opportunity is present for traders to nibble some profits as the...
Nasdaq (NQ1): CME_MINI:NQ1! Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more...