Looks like an impulsive pattern has printed out. Any 3 wave corrective pattern could be a potential wave 2. Long term bullish. Short term corrective incoming.
Leading diagonal, into a corrective into impulsive. Give another 3wave corrective and this is a full send in my opinion. One of the cleaner charts out there. personally i am very interested into longing this one. Will follow long term long Short term, corrective.
Outlook for DJI on 3-day chart. Lower-degree wave (4) has already been completed and the final wave (5) has started. I think wave (5) will be completed soon, and upper-degree wave (b) will also be completed. The next phase is upper-degree wave (c). It will probably crash.
If we are actually forming a 12 12 , bulls need to show some power here. Otherwise, this falls into a category of a corrective wave and , i would keep my bias towards the red count, which doesnt have to mean that the pa will nececerily go down, but it is a sign of weakness.
This , seems like its good enough to go. Channel still holds on a Larger time frame. 22$ not a bad profit target. 0.38 wave 4 algo held. Bounced in a motive manner. Not impulsive, but a contracting leading diag. It is what it is, lets hope for the best.
I'm looking for a wave 4 pullback that will last several months. Then a final wave 5 taking the price to over $900. Under $600, then it would probably mean wave 5 has already completed.
It is possible that we are in the last rise of this currency in exchange for a major correction coming to it, according to the data shown on the chart. Therefore, do your own analysis and be careful.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then...
This wave is the slowly to go target Be careful !!
I have been calling for SPX short and recently the hitting of Fibo extension target seemed able to stall the price advance. But the wave structure doesn't seem like the end (unless I mis-counted and missed a wave somehow). So over here, I drawn out in purple what I thought the path of SPX will be like. Down then up and the entire structure will bring us to the end...
This chart assumes we are in the beginning stages of a Minor 2, and ultimately headed to new highs in the middle term, but not before completing a 3 wave, ((a))((b))((c)) correction to the 4000 region. I have a Micro ((A))((B)) in the books, and that we are working on the ((C)) wave, which may conclude around 4893, before a subminuette b wave retrace back to...
We will most likely complete Wave D before the end of this month.
Bitcoin has printed a two-year high, and established itself above the 50000 USD mark. The next leg up is in preparation. For this to happen, this market needed to extricate itself from the long trading channel that had supported it since the end of the 2022 bear market. Channels are useful, until they are no longer, but still fulfill a little bit of support while...
Let's examine the daily Bitcoin BINANCE:BTCUSDT chart to identify potential developments. There are several scenarios that we need to consider now! 1️⃣ Firstly, we have the possibility that we are still moving inside of our Wave 4 (in red). In this case, we need to ensure that we go beyond the 61.8% level at a minimum to gain more clarity. 2️⃣...
Review: Let's review the key points of the previous update (Feb 2nd): We have completed the bullish phase that was started in January 2023 (wave (A)) and now we are correcting that whole move (wave (B)). Wave (B) developing as a double zigzag, and now we are in wave b of W of (B). We got a cross of the upward 40W cycle VTL, which means the peak of the...
Here is my Elliott Wave analysis of past cycle tops and bottoms along with projections for future wave counts. We can see some very interesting fractals regarding the date ranges between the Bitcoin halving events and the corresponding tops and bottoms. Bitcoin's very first halving event was in November 2012 and it took ~365 days to reach the market cycle top...
This chart of long term treasury bond futures indicates an impulsive move off of the October 2023 low. Since that impulse topped out in a first wave (or an A wave), price has retraced very nicely into the expected depth of correction guideline of the fourth wave of lessor degree. The correction unfolded as a double zigzag that met a the alternate wave guideline of...
I think LRC is approacing its terminal stage. Wave 5 of (c) of 5 must develop first I suppose. Please let me know if you have a different count. Thanks
As I said in my last post, we're past standard fibs and have extended to the downside in the micros. As for the larger pattern, the standard end for an ABC is between the 1.0-1.382 with possible extensions down to the 1.618 fib. At this time, I want to make things as simple as possible and concentrate on only the current pattern in front of us, so I have removed...