DXY still pumping along with weakening momentum.
Is now breaking out diagonal support as a sign of correction.
We will see some short-term relief bounce on other asset, stock, crypto, gold IMO.
Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area.
Note : Fed % rate catalyst is still strong that could make this plan invalid.
Hey Traders!
As you can see on the Daily Chart of Bitcoin (BTC). The correction wave we are experiencing is most likely an Elliot wave pattern. If we keep following this, I expect a retracement up to 0.618-0.65 Fibonacci Golden Pocket. After that, who knows where we go. But in the meantime, it is safe to say Bitcoin may have flipped the trend...
Safe trading
-Pulkanator
Two long-term bull theories, BTC is in a Running Flat correction in an uptrend, or we're seeing an Expanded Flat correction.
Running flat looks more likely so long as we hold above our previous low @ roughly 29k, even better if we remain in this channel on the 4H chart. Targets for the bottom are near where we are now
Expanded flat becomes possible if we...
Elliott Wave :
Complex correction for wave b / wxy /
Wave X in process
Liquidity position short trader 14 Jun with this wick :)
Wave C must take this long liquidity under 28 k $
Wyckoff :
Distribution
LPSY
Triangle ✓
Any Three ✓
Only one left pattern either triangle , zigzag , or flat
This is just my analysis where y is zigzag corrective wave and the target is 28k
Not financial advice, Just sharing my idea and my analysis hope its benefit you in making your decision
let me know other thoughts in the comment :)
Hello everyone,
More on that correctional sequence as mentioned in the previous idea which supports a push up to our extended wave 3 target of 77.2k - 80.2k.
We're seeing a leading diagonal as a sub wave 4 correctional sequence. It's currently shaping out to be as such. There is the potential that the B leg is incomplete and we could see a small move down to...
Hello everyone,
XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas).
This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone.
Over the course of the month, we could potentially...
not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.
Hello all,
An update on XAUUSD, price is nearing the 1750 - 1760 zone as outlined in my previous idea.
The corrective structure is still in formation with a lower degree 5 wave structure in progress. This is my primary count and we are currently in wave (iii) which can potentially extend further to 1741-1739 before retracing into wave (iv).
I'm expecting this...
🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰
Cable seems to be giving us a ( w-x-y ) pattern for
this final leg of wave (B) of (A-B-C) correction of Wave (A)..
But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then
bears are now preparing to get on boards for wave c.
If cable continue to break and trade above 1.33217 level, then this...
Hello everyone, good morning. In this techncial analysis, only we are into this consolidation of this ascendent triangle that we proyect a continuation of the trend, but more important is to read, that is the better way to know how its the market.
Well, in the H4 timeframe we see a bearish divergence, but I don't go to entry in there because the price as is into...
