Hey Traders, By looking at the higher timeframe for EURUSD, we can observe that EURUSD is preparing for a big move to the upside. We are currently in a zigzag ABC pattern. This kind of pattern is made up of 3 waves. Wave A = 5 waves, Wave B = 3 waves, and Wave C = 5 waves. We are now in wave C = 5 waves. Once we complete wave C, we can prepare for the big...
BIST:LINK Elliott's Wave - Ending Diagonal Wave w/Converging Lines Price Action is currently printing a textbook Ending Diagonal Wave within a corrective 5th wave w/decreasing volume from $19 All while overextended into heavy support and nearing rising support with Bullish Divergences on RSI and OBV What will you do with this information...?
Made a throw in the 5th wave. Most likely a reversal. Virgin Galactic's Arguments: Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract. If Virgin Galactic can convincingly prove that Boeing indeed...
Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...
XAUUSD now on wave 3 to wave 4 and make a pennant pattern. Gold often makes a pennant pattern from wave 3 to 4 to continuation on wave 5, now just waiting the pattern is completed and following the price rally to wave 5
According to my waves count PlanB is wrong. The top of previous bull market was in November of 2021. The vertical blue line on the chart is start of the intermediary grade of bull market. This is proven by wave equality rule - the May 2021 decline was a 4th wave, and the June 2019 decline was a second wave of intermediate degree. This proof is also verified...
Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for...
Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow...
According to my waves count the market top was in November 2021. Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k. However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 2028
Hello traders, A number of harmonic patterns are surfacing today. Here is my analysis of a clear bullish Bat pattern spotted on the EURJPY Pair. The Bullish Bat pattern is a harmonic pattern used in technical analysis to predict potential reversal zones. The EURJPY pair has formed this pattern with the following parameters: X = 168.022 A = 170.293 B...
Beautiful Topping Pattern -> -> Perfect EWT 5 Count Down -> -> Topping Signal Inverted @ Bottom -> -> Volume Reclamation Of Heavy Support -> -> Bullish CPI + PPI Data -> -> = Perfect Bounce Zone
ROSE has a perfect looking daily re-accumulation going on here. I have a macro Wave 5 target all the way up at $0.53 and beyond. Ideal entries & targets are highlighted in yellow, however I already took an entry lower. We may not see those levels for entry again. This coin is currently trending on Twitter, and stayed strong during the big market dip. Once the...
New Zealand dollar (NZD) is declining against the US dollar (USD) since the end of last week when the US dollar surged following strong and unexpected jobs data, despite the US unemployment rate rising to 4%. Analyzing the updated wave structure, we observe that the price is trading outside of the upward channel, indicating that a correction is taking place. This...
Hello everyone, unfortunately the breakout out of the flag was not able to break the intermediate high again. The price broke down to the last point of control. I see a high confluence of support in this area. According to the most likely elliot wave count a wave 5 of wave 3 is about to start. Let's see what will happen.
After the completion of the 5th EW and then the immediate dump off of 72k resistance, I expect the pattern to continue and complete the final c off of 67k support. If it breaks this support I expect it to fall back down to the next support of 65k with a strong bounce
According to the labeling that has been done and if it is correct, we can expect the start of an upward rally in the form of wave 5 of 3.. Spot buying around $0.0324 can be associated with less risk.
Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next....