FX:EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trend Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break...
- Currently finished wave 1 of 3 - Any pullback is a buying opportunity
Here is the market projection on Gold (XAUUSD) from May 14-17. ANALAYSIS. Price is expected to maintained the previous week projection in High timeframes (Monthly, and Weekly) but daily timeframe and below are expected to demonstrate an opposite direction from the previous projection. In daily timeframe price has clearly completed the ABC corrective move to the...
Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels. Currently, the pattern is showing lower lows and lower highs,...
After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is...
Gold probably is forming an expanding ending diagonal / wedge pattern now while waiting for US CPI on 15 / May/ 24.
Albemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with: AB = .5 of XA, C extended 1.18 of XA & CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution)...
If you find this information inspiring/helpful, please consider a boost and follow! All about the level. It looks like a 3 wave move down, and up, atm. Could count it to fit so other sideways variants. But this would be the most dramatic. All depends on if this is a Liq grab or continuation.
The correction from the March high is still ongoing. Even though 1.000 (green zone) is offering strong support, I still believe we will see a stop-hunting event for another leg down before a recovery. If that doesn´t happen, I´ll be bullish above 1.695 (purple line).
ETHBTC is one of those charts, which can be telling us that volatility is near. Loking at the daily price chart, it can be actually finishing a larger (A)-(B)-(C) correction, currently seen in final stages of the wedge pattern within subwave 5, with ideal swing zone here around channel support line , 0.045 – 0.040 area. So, as we have been talking about for a...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context shows that wave 4-red has concluded, and wave 5-red is opening up to push higher. The short-term outlook indicates that wave (ii)-purple seems to have just completed, and wave (iii)-purple is now opening up to push higher. The probability of this forecast is not the highest, as the...
FX:XAUUSD returns to the range after a false breakdown of the liquidity zone. A strong sell-off phase is forming and price is heading towards a key support and liquidity area. On local timeframes, reversal patterns cause price to test downside resistance and confirm its presence. False breakout provokes sell-offs towards 2328, this area is key for traders....
Meta / Facebook share price currently at major resistance (upper parallel line). If there was "a crash". The "Margin of safety" probably at 218 +/- which is a confluence zone of 1) Monthly Order Block 2) Median Line of parallel channel,
Price has been stuck in range for the past week and is likely to break lower soon. Aussie is bearish across multiple pairs, and I think taking any pair should do well. I would like to see a break of the range and some consolidation before impulsive move lower. If price snaps back into range, then close it, as a retest of the high is possible. Good luck!
Positivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen. *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 is for you. If you do not like this...
Doge (and BTC) to begin huge bullish movements with unbelievably high targets. this is however just my idea! trade at your own risk!
XAUUSD's last roadmap toward 2390 +/-. before 2150 +/-. Price currently at the last leg wave (C)(green) of expanding flat (A)(B)(C) pattern in wave B (Yellow Circled). Price/Market Structure Probably tell us somethings "Big" gonna happen on this 15/May/24 US CPI data...