Potential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart -...
It is clear that a head, right shoulder and left shoulder have been formed and are ready to break down, so please secure your deals .. Good luck
I see two scenarios at the moment, but you have to wait for better entry points. It looks like wave 2 will soon be developing. If it goes down to the 61.8% Fibonacci level and creates a range, the risk ratio will be very good. This will allow you to ride the trend up easily. Patience and careful analysis are essential in making well-informed trading decisions.
Crypto market is clearly bullish from Elliott wave perspective. After a completed A-B-C correction back in June, we have seen nice and clean five-wave recovery, which from Elliott wave perspective indicates for more upside, ideally as part of higher degree five-wave bullish impulse. However of course, nothing goes in straight lines, so after every five waves,...
What’s your opinion on my NASDAQ forecast in a weekly and 4h timeframe ..its suitable for long-term positions and scenarios to make .. if you like, you can leave your feedback or even correct me .. it's all about probability, so there is no need to push or pull.
Looking at the market in daily time frames.. we can see waves moving as we predicted. I am looking forward to wave 3 ending, seeing an ABC correction, and then seeing a higher number for wave 5. Also, I'm bullish on GBP/USD in the long term .. any downward movement is a chance to get on the train ..but remember, this market is all about probability. It's good to...
Bear trend in potential as the price action signalize a potential impulse wave 3 start, aiming local demand zone, as well a breaking micro triangle is forming wave 2 peak.
Now we are in 3 wave poolback ABC have a good luck
OANDA:XAUUSD is forming a retest of 1959.8 from the opening of the session, but the market is not ready yet. A rebound is being formed to retest the resistance area A review on the D1 timeframe gives us several indications that the market is still dominated by the bearish half. A global false breakout has been formed. Locally, the price is in consolidation...
HELLO FRIENDS, Here I am sharing my views on AUTOLINE INDUSTRIES (NSE). the Stock has given a fresh breakout on 24th July with good intensity of volume suggesting bullish bias in the stock. Each and every indicator that is helpful in our analysis are also showing bullish bias of which snapshots are given below. Breakout of downward sloping trendline. Now...
How am I feeling pre-trade? I am feeling confident in my mind, I forecasted the risk entry and not allowed little things to put me off the trade. Normally I would be saying things like ‘its gone past the hook’, ‘there needs to be a nice retrace or pin bar’ but ultimately it has all of the ingredients to sell. Ascending channel, meets AT hook with a 1H retrace...
Bank nifty looking in the final wave of its impulsive move from the low of 38613.15 dated 16.03.2023. The waves and the sub-waves have been marked in the chart please read them and you can use this chart for further analysis. Thank you.
buy new. with any retest 3 level 38.2-50-61.8 to Breaking the top confirmation Close Above 0.68350
Expanding Triangle D1 Contracting Triangle w1 Short Now and after Down We gat a Strong Buy Wave 5 And Push Down again Now we are in wave 4 From (C) looks like (Expanding Triangle) after This We have a last Wave 5 in the limits 1.98200-- 78.6% fibo From wave (D) and Push Down again have a good luck
We have a strong buy from 50% fibo Be careful the wave 4 does not come close to the top of the wave 1
Tesla (TSLA) has reached its resistance of the lines linking the tops and has reached its overbought area on RSI(5) on a weekly basis. We are expecting a pullback, as long the resistance near 300 is holding, towards at least 241, 218 or max 140.
This idea is based on the Elliott Wave Theory - involving the use of ending diagonal pattern. An ending diagonal suggests an end to the ongoing trend (in short-medium term). It involves 5 sub-waves and is mostly broken downwards (or upwards) with a heavy momentum. Overall the market seems to be completing its 5 waves structure too (wave count mentioned in...