The coin is believed to end the corrective trend and getting heated for a reversal only if the rectangle pattern is broken up with decent volume. The penetration or breaking down the pattern is the confirmation of going either way.
Looking at Re-Entry, Waiting for the Pivot Signal The continued downward trend from the previous entry (white circle) and now has the 2nd touch of the support from the bottom of falling wedge pattern. A demark Buy 9 is in play too so expecting some sort of reverse to play out. I haven't drawn it on the chart (as it will be too crowded) but the 0.382 Fibonacci...
Hi everyone. This is what my view on ALPH looks like for the next week. As you can see there are 3 possible Elliot Wave scenarios: - 1st scenario consists of the Waves 1 to 5 drawn PINK and Waves A to C drawn with ORANGE: in this scenario we can see that Wave B created 2 possible scenarios: *A Running Flat, in which case Wave C will fail to retrace beyond the...
I believe we are at the fourth wave. Retracement is very minimal (currently is always above the 23.6% fibonacci). $400 is the target. Hold tight
Pretty straightforward counting. Currently sitting at (iv) wave. Wave (v) of wave 3 target is around $3.5
According to the chart, it seems that Bitcoin has completed corrective wave 4. Also, according to the chart, it has made a five-wave upward, which seems to be the first wave of the new upward trend of this currency. And after that, we see a clear ABC flat corrective pattern that hit the support area of the Fibonacci levels and reacted well. With these...
Price is in the final wave 5 and look like create rising wedges pattern...there is possibility that wave 5 pass previous high (151.923) and complete in the orange zone then next down wave will be unfold...
Current price is in the final wave 5 structure and might be finished soon...orange box might be zone for wave 5 to complete its structure then next down wave structure will be unfold...
Price currently in final wave structure (wave 5)... Orange box might be area for price to unfold next down wave movement...There is possibility price pass previous high (164.308) to complete wave 5 structure or price reject previous high (double top formation) then next down wave movement will be unfold...
Technical analysis Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th...
General Motors (GM): NYSE:GM General Motors has been added to our portfolio, starting our chart analysis from the COVID-19 low at $14.33. Since then, we've developed an overarching Wave (1) in blue and have also already completed Wave (2) at $26.30, characterized by an Expanded Flat and Zigzag correction. We are now in the midst of the overarching Wave (3),...
📊Analysis of the Euro-Dollar 🇪🇺🇺🇸 currency pair In the 4-hour and mid-term time frame, the market is on an upward path and it can move towards the target of 1.09200 as the range of wave B by maintaining the support of 1.08200, and the euro will fall again towards 1.06200 as wave C.
If price create WXY down wave structure. Next up wave movement is unfolding with low (1.2518) of wave one is the invalidation level. But next consideration if price create WXYXZ, for now 3 wave structure is enough to consider as X wave then next Z wave structure is ready to unfold which low (1.2518) can be broken to complete final wave Z then next up wave movement...
5 wave down movement has been completed. For now price will unfold next up wave movement (consider as correction). Wave A has been completed, wave B still in progress and might be finished at 0.5-0.786 fibo level then next wave C might be unfold.
5 down wave (green label) structure has been completed, for now correction wave (complex correction : white label) might be completed if price create WXY wave structure (reject fibo reteracement 0.618 level) or price create WXYXZ wave structure, there is one more leg up break previous high (105.00)/ reject fibo level 0.786 then next down wave structure will be unfold.
No doubt ETSY is a sh##y stock, but looks like it found a temporary bottom here. Build long between 70-80 Stop loss - 65 Target #1 - 100 Target #2 - 115 Target #3 - 130 Target #4 - 150, after a pullback
Assuming that the triangle is complete, i can already count an impulsive wave marked in yellow. Retracement should be longed. Invalidation is clear. Origin of the yellow (1). 5th wave is hopefully incoming.
Analyzing NVIDIA we can see a complex market picture. The large Elliott waves (orange) indicate five primary price movements, with three being impulsive waves upward (1, 3, 5) and two corrective waves (2, 4). The smaller Elliott waves (white) represent sub-waves within the larger upward trend of wave (5). Potential support at a yellow channel, which is aligned...