The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, the minimum requirements for a Wave 2 to the downside were not fulfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse with divergence in the daily.
Impulse downward scenario up-to-date. As expected by the last bearish analysis, CZ coin is heading down to fall @ demand zones after a Head and Shoulders breakdown. Pullback to neckline accomplished.
The bottom is now preserved, which indicates a change in the trend to a temporary corrective rise and a retest of the top Note: the analysis fails if it closes below the area 100.7.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the pullback is completed.
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the pullback is completed.
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
BINANCE:BTCUSDT Wave 2 onset and Harmonic Pattern It appears that both patterns are likely to emerge soon. Please be cautious. However, if the price can go back above 32K, we may witness a strong reversal.
Chart is speaking it self!!! 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and also (ABC) wave. The possibility of starting a impulse 5th waves!!! ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the...
A decline is expected for the Y region to close three downward waves
Hey Huys , I really sorry could not update the chart as moved to my hometown for few days. Banknifty is nowadays is very volatile compared to NIFTY50. I have marked the new labels of Elliott wave . You can take reference in your own analysis. In my view the 5th is still pending. The chart is also making a rounding top that too is point of consideration. Thank...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the WXY down is completed.