Five waves of the rise of wave A were achieved, then three corrections of wave B, and then five waves of the rise of wave C. From my point of view, the corrective rise has ended
From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below. Note: the analysis fails if the price closes in the highest area 0.392
I think King BTC is about to slaughter some bears here.. Not FA but don't fade the channel yet IMO
Dear colleagues, the price is completing an impulsive wave 5 and is approaching the support area at 1.26159. I anticipate that the price will undergo a correction towards the 61.8% Fibonacci level at 1.27413. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GREETINGS people Welcome to "TEAM DECRYPTERS" Lets Get to the ANALYSIS AND DECODE THE MARKETS ;) FEW TECHNICALS TO CONSIDER :- 1- ELLIOT WAVE CORECTIVE STRUCTURE 2- DECEDNING TRAINGLE 3 - POSSIBLE H & S ON DAILY / WEEKLY 4- BEARISH ORDER FLOW 5 - SMC INDICATIONS FOW DOWN SIDE AS WELL 6- WE Expecting MONTHLY AS BEARISH FOR GOLD FUNDAMENTALS IN FAVOUR...
soon we can see minimum level of around 125 or if wave 3 is confirmed price can go to 135 levels also
As you can see price reached top of the channel it means price need correction to PRZ zone and after that price can reached Target. Also can see elliott Waves now price in the 4th correction phase. ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from the bottom , this analysis of ours will be failed. ✅Thank you, and for more ideas, hit...
Silver is coming lower, now seen in wave five of an extended wave (3) so be aware of some rally, but only temporarily back into the fourth wave which can face some nice and strong resistance at 23.00-23.25 from where I would look for new sell-off. GH
The Saudi Stock Exchange has not gone up a real rise since the bottom of 2008, and throughout this period it is moving horizontally and faced a drainage area 4 times and could not break it, and it must return again to the demand area to collect and rise strongly and make a new peak equivalent to the rise that took place from the period 2000 to the period...
The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008 Please clarify that I am helping you with my point of view, which may...
Five historical downward waves were created from the highest peak to the lowest bottom, after which only three upward corrective waves were formed, not a motive, and correspond to wave 4 of Elliott’s law. It is now possible that five more waves will be made to re-test the historical bottom of the currency, including the termination of wave C
I've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave. Adding to the...
With the dollar moving higher, watch Swissy. The bears got rejected each time after a spike for a few pips, below important swing support. A drop was also in three waves from the recent highs so I think more upside is coming. GH
I vividly recall a few years back having just finished labeling the above chart of the SP500 from inception. I labeled the chart and included most of the historical events that occurred over the course of that time. As a trader, I wanted to have a quick reference visual picture of price action during war time, innovation, and societal change, juxtaposed on my...
NZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big...
With this wedge forming with TSM and this trendline as support I think this could be a monster trade. I'm targeting 135 for Wave 3, 115 for Wave 4, and then around 160 for Wave 5. Some people think this could fill the gap but I don't think so. If you look at TSM and Tesla they look very similar and Tesla didn't fill the gap and stopped halfway just like TSM will...
Dear colleagues, I assume that the price will break out of the channel and reach the resistance target at 1.28783. This is the first target along the path of the impulse wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!