EURJPY finished the first correction wave (wave 2) and start the second impulsive wave (wave 3) that is the biggest of all waves.
Here is BTCUSD Bitfinex 30hr. Assuming that the up-going wave starting from October 31th is impulsive, which also implicates that the down-going wave from November 7th is corrective, I have brought up some possible scenarios. Scenario 1: This wave counting indicates that we are done with ABC corrective waves and starting a new impulsive wave which can be either...
I've been looking at this a little bit. As far as I can tell, we seem to be in an ending diagonal. You see the .618 level. If it breaks out of this small ending diagonal to upside, that can change things a little, but as long as it stays in this small channel, I wanna see it break the bottom trend line and reverse. That makes this a 5 wave, following a 5 wave, so...
AAPL is a HOLD. Super-cycle Wave 1 wants to extend. Will update. -AB
Rather, the entire correction is not over. In the following analysis, take a look at the situation in detail. Further movement to a new historical maximum
Alternative forecast. B as a triangle Corridor 1.13 - 1.18 for the next 4-5 months, then still at 1.08 - 1.05
Must complete a zigzag with the target of 1.08 - 1.05
Unfortunately not enough data. Graph shows values from 1987. We proceeded from the value of 100 points in 1964 as the beginning of the first wave. Probability that the correction comes to an end, but the goal in 24093 should be achieved in any case. If the index goes below this value - the next target is 21889 points. This is the most negative scenario. In...
FX:GBPAUD Hello fellow traders, I am looking for an upmove on this pair as I think GBP will be strong and AUD weak potentially, I am running a 75 pips stop with an upside potential of 250 pips
With all the competition for the retail dollar this Xmas season. Two retailers facing existential challenges; and most Big Boxes squared in battle with each other and the 900 lb gorilla on the internet . It seems incredible that upstart Kohl's can continue to run ahead of the pack with a P/E of 16.5. When larger rivals Macy's and Target (not to mention Walmart)...
Looks like we are finished wave 4 and going to a new heights
Probably getting a 3 wave correction of a 5 wave at this point. I just never liked how stunted it looked. But serious divergence on 4 hr. Ending diagonal for 5.
BTC broke through the level of 7595 (0.382) in Fibonacci, so with high probability it should reach the level of 4688 (0.236). So far, we are seeing that BTC has moved to the side correction and can remain at current levels (within 6k USD) for a long time. If BTC penetrates the support line (5755 USD) with a probability of 90% BTC will reach 4688 and even slightly lower
The reasoning for believing that this is the bottom is due to the ABC, ending C at exactly 1.272 extended fibonacci. Price bunched shortly after. What also confirms this theory is drawing 1-5 waves, on it. By drawing the extension of 1-2 waves i see that .2 fibonacci ends at the exact same price at the C at 87.10
Hey Everyone, A few quick updates today as I go through the charts and check for trades for myself, I have just noticed ADA is sideways, and has had an extended 4th wave, but for the EW geeks like me... Wave 4 did not drop down past wave 1 territory so to me this looks to be still headed up to hit targets I posted a while ago. REMEMBER IF YOU ARE PRACTICING...
NBEV is a buy. NBEV is in the midst of a strong 3rd Wave. Trade Pice: $4.68 The Trade: Monthly: Weekly: Will update. -AB
Hello traders! Today we will talk about FX:EURUSD before tomorrows Congressional Elections, so something big can be preparing. What we see is that EURUSD bounced exactly from 1.1300 strong psychological support level for the second time, which looks like a potential double bottom formation?! Not only this, even our primary tool Elliott Wave suggests more upside...
We expect a long correction. In the near future, IXIC should return to 8000, then again down 7400. After that, wave 5 should begin with a target of 9800