First Published: October 5, 2023 Disclaimer: Please be aware that the information provided in this post is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...
Crypto market made nice and clean impulsive rally at the beginning of 2023, which indicates for a bigger recovery after a correction. Well, Crypto market is now in a corrective consolidation since April, which we see it either as a bullish triangle pattern or maybe even slightly deeper and more complex W-X-Y correction. After yesterday's volatility Crypto market...
Is it time for BTC to go down? Is this the start of a possible 5th wave? This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC...
First Published: October 8, 2023 Disclaimer: Please be aware that the information provided in this article is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...
Crude oil has been on the rise over the last view weeks, which is the main reason why inflation is still the main global problem, so we have seen some positive correlation between dollar and crude as speculators believe that rates will stay here higher for longer. Well, what’s interesting now is that after that after a lot of crude oil bull calls for 100 dollar...
-- 30-Minute Chart The AUD/JPY pair is currently trading in a narrow range on the 30-minute chart. The pair is facing resistance at the 94.20 level and support at the 94.00 level. The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals. -- 4-Hour...
The EUR/USD currency pair is currently in a downtrend on all three timeframes (30-min, 4-hour, and daily). On the 30-minute chart, the pair is trading below its 200-period moving average, which is a bearish signal. The pair is also trading below a descending trendline, which provides further resistance. On the 4-hour chart, the EUR/USD currency pair is also...
⚡️ABC correction wave pattern. After the 5 impulse waves end, a corrective cycle begins with at least 3 corrective down waves (A-B-C). The correction process can be more complicated depending on the waveform, some correction cycles can last more than 3 waves. ⚡️Specifically, the Corrective Wave Model is part of the Elliott wave theory, a model that helps...
In my opinion AXS is about to end or has end the correction and about to start it's 3rd wave.
The correction on the daily chart has played out in line with my primary wave count. Even though I believe we are on the final stages of this correction, the lack of RSI divergence and sideways price action still points to another leg down before any significant upside.
I think ATOM is playing the fifth wave of a expanded flat .It may end at 5.98$ area or 3.6$ area
In my point of view Vet is running a running flat correction from the beginning. In present it is running the final leg. Let's see whether the supercycle wave 5is truncated or not. If 0.218 area broken and started pumping the 5th wave has truncated and a new wave has started. Unless that we can expect further downward movement. Currently wee are in the leading...
On this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
From alth to bottom it made 5 waves Down. We are now in corrective fase up. I have provided a detailed count of the last 5th wave. Some have the last 5 th wave as b wave. That is possible but I cannot get the subwaves to fit in a b wave. If it is a b wave we are now in an expanded flat which is about to end. For now I go with 5 waves Down and look for a zigzag...
I have been studying and experimenting with the original Elliott Wave theory for several days now. I've delved into the concepts and this is just the beginning, only 10 out of 100 in terms of results. Clearly, 90% is still incomplete for me. So, I'm looking for something more exceptional than this. Sometimes, time might help me develop something better. Haha... :)
Japanese Yen has been one of the weakest currency in the last couple of months. But, looking at the JPY Futures chart, we can see it finishing a larger A-B-C corrective decline, while it's trading at the support, which can cause reversal and recovery for the Japanese Yen. Even COT data of the japanese Yen shows extreme levels for Large speculators (green). It...
From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look...
Bitcoin Cash with ticker BCHUSD is one of the first weaker ALTcoins with a massive recovery away from the lows. In the 4-hour, we are tracking wave 4 correction after a completed an extended wave 3. It's bouncing sharply and strongly from projected support after a three-wave (A)-(B)-(C) corrective setback in wave 4. So, seems like wave 5 is now underway that can...