I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk. As you can see, PLTR put in a significant top near the 61.8%...
Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
I still can't find the reason of XAUUSD continue to bull in my technical perspective, so here's my last update on XAUUSD. You can wait until Daily/ Weekly Swing High formed. Trade safe guys!
Google/USD chart in Weekly time frame - Elliott Wave Count & Parallel Channels
Honestly, i should wait for more confirmation, let the wave or pattern formed, but, here's a speculative plan on XAUUSD. Trade safe, Guys!
BINANCE:BTCUSDTPERP Greetings, and Happy New Year to all my fellow Berserkers! Yearly, Monthly, Weekly closes have all just happened. Which will allow us to dive deep into candle analysis as well as EW counts. Lets start with the main count on Bitcoin. (1W log Chart) I've identified a general target zone for the year. The box was drawn based on previous...
My previous idea on Dow Jones Industrial Average Index was Bearish Continuation (Looking for new low). Here's an alternative for bull run.
Nasdaq is forming Ending Diagonal (3-3-3-3-3). Invalidation level is at Wave 4's Terminal. It's possible wave 5 will overthrow. Trade safe, Guys. This is just my perspective, if there any principle that have been broken on my idea, im open for criticism.
RUNE Weekly here. (linear). Clear bottoming pattern is forming and we're in the final stages of the WXY correction (finishing up the 5th wave of C of Y). I'm really excited about this chart and have been for sometime. The last time I added to my bags was around 1.19. If we make a new low, which is about 50/50 right now, I will add more without hesitation. Once...
According to the previous analysis as well as the analysis of the dollar index that I posted, gold is completing a diagonal and we should wait for a correction in gold and then the continuation of the upward trend. Long-term analysis 10 april : Analysis of gold after reaching the price target of 1617$:
Markets are slow as most of traders will stay aside today after Thanksgiving yesterday in the US. So we think there will be no real changes in the price action and that market will stay in risk-on mode, at least from a technical perspective. The only thing that can shake the markets a bit going into a next week are potential new COVID restrictions in China after...
The crude oil commodity has been trading in big A-B-C Flat correction for last couple of months which is going to complete very soon.Around the level of 80 usd the oil will start big Impulsive Rally.Previously oil has completed the big impulse as shown in the chart .
Have we just completed Elliott wave 1 of a crude oil bull market which I would argue started in November 2021 with Pfizer vaccine news?? Others may say it started from June 2020 after the May 2020 crash low touching zero or below briefly. I have a question for viewers if Elliott waves up to 5 does indeed play out again for oil (and commodities in general) how...
Sorry about this delay, but I am in the middle of a warzone. Anyway, nothing much changed on the elliottwave count other than the fact that the B of C seems to be developing into an expanded flat. My guy feeling is that we have bottomed (too many bears around) and we are poised for a massive flash rally back to, either : 15500/16000 or ATH's (All Time Highs. This...
Two weeks ago we mentioned that the pair has seen a floor near 1.0400/1.0350 and the counts suggested a potential correction first to 1.0640, 1.0745 and higher to 1.1050. The first two targets have perfectly been reached and the focus now is on 1.105. The momentum is still up, the major resistance lies at 1.0750, above here the market will proceed higher to...
Let’s discuss the price chart of the GBPJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, GBPJPY has completed a 5 wave impulse up of two degrees, specifically, Minor Wave 5 and Intermediate Wave (5). The price has recently broken below the bullish channel of Minor Wave 5. Most momentum oscillators are also forming a bearish...
++++++++++++++++++++++++ no financial advice ++++++++++++++++++++++++ I reproduce my thought processes in detail in the video. Summary: In my eyes it would be logic, if we see now a sideways range. I'll point that out on using my Elliott Analysis, the Bitcoin Log Growth Curve and the Bull Market Support Band. Don't forget to like, follow and comment :) Have...