To see 5 up waves that gives 10.80 bottom more reliability waiting to see a correction that could give us a brilliant inverted head & shoulders 14.90 the most important level to give us the right confirmation that the stock finished its correction
Still not yet the right time to go long with gold till the complete wave set as we're still in third from the C looks like will settle around 1800 lvls, but lets wait and find out.
Price has shown a clear rejection at the demand zone which has held for since the beginning of the year 2023, and DXY also closed today with a strong bearish candle momentum which signifies strength for xxxUSD pairs. Elliott Wave From the wave analysis perspective, I think we just saw a completion of wave X as Price is printing out a complex wave correction, and...
Eur cad The view is selling from current levels after failing to achieve a new peak Analysis on the daily frame so stick to capital management. Analysis with Elliot waves.
USD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an...
DXY and US10Y reaches higher, the market is bearish. BTC may dump harder than ES/NASDAQ, target to 23.6 where a lot long liquidation awaits
Today we hit my long standing targets and so far have bounced. I have carried an orange bullish count and a bearish blue count on this chart for a while now. If we can develop an impulsive 5-wave structure up that breaches 4508. I'll remove the bearish blue count targeting 4030-4060. Should we rally in a corrective 3-wave manner and fail to take out key...
Gold woke up last week at around 1900 area, and came out of a downward channel shown on hourly chart, which is an important indication for a completed wave (D), followed by wave (E) that is in play, which belongs to a triangle. Even wave (E) should be made by three waves, but the rally from the low is in one leg so I think that current recovery is still...
As we can see the completion of 5 impulse waves retracement around fibo 0.5 to 0.618 is expected for wave b or wave 2.
-We may see a fall towards fibo 1 or even lower. - More confirmation below the apex of triangle. guidelines of flat. Wave B usually retraces between 100 and 138 percent of wave A. Wave C is usually between 100 and 165 percent as long as wave A. Wave C usually ends beyond the end of wave A.
I think bitcoin is in the 4th wave and this structure is a triangle. The zigzags in its internal structure also seem to confirm this. It may fall somewhere in the 23500-21700 range to end wave C and this would be a very good buying opportunity. what do you think
Gold is forming a resistance retest. Against the background of the global descending channel, the price may form a false breakout, but against the background of consolidation near resistance, the chances of a breakout increase. TA on high timeframe: 1) We have the formation of the 1934-1907 range. There is a false breakout and pin-bar formed against...
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Certainly, here's the translation of your technical analysis for GBP/USD today: 1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows. 2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future. 3....
My continued effort to share my research, experience, and expectations with the TradingView community has allowed me the freedom to create forward-looking content to help traders/investors understand the real risks/opportunities going forward. If my research is correct, then next 5+ years will be incredibly difficult for skilled traders/investors. I don't believe...
Trend is bearish but at the same time, on intraday chart a corrective structure is possible in short term. That said, if the pair triggers a bullish (impulsive) leg, it might be interesting to take a long position on pullback. From a technical point of view, the potential technical rebound should take the shape of ABC Pattern.
In mid-long term we are not so much bearish about NASDAQ:COIN and we think that the bulk of the descent has already been done. Although potentially a bearish structure (wave 5) could still be missing, by the end of 2023 we expect a rally around 110 area . At this moment we are obviously not talking about trading but about some interesting investment...
I'm actually waiting for a huge pull back on the daily or weekly chart for sell entries. Support areas were hit several times indicated by the green arrows and we also have a D point entry leg on the crab harmonic pattern bouncing off that same area of support for added confluence. Great week ahead.