Hi Traders, Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital. Regards, Wave Theorist
Hi Traders, Price respected key resistance at 0.6436 during the Friday session, thereby forming a barrier triangle. The Asian session has now given us the breakout we've been waiting for. We can keep buying every pullback until we reach the target at 0.65542. Have a good one!
There are two possible outcomes: (1) Price will sell into the blue box from current levels and continue correcting between 107.00 - 109.00 or (2), we may be in the beginning of a 5 swing wave C. The possibility of sustained down side is supported by the fact that price is currently at a critical retracement (0.5 - 0.618) of my wave A. If price pushes through the...
Like Gold, Silver is still in the midst of a down trend. We've had a 3 wave pullback in the past couple of sessions and price seems to have setup for a short trade. There's always the possibility that this corrective structure may form into a double correction. Wait for clear confirmation before looking for any sell opportunities.
Price is still continuing it's down trend and at current levels, it may seem as if the 3 wave pullback in the form of a zigzag has completed. The trade seems to be ready but it's crucial to wait for confirmation before looking to go short.
In wave analysis, the guideline of alternation warns to always expect a difference in the next expression of a similar wave. Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect and is therefore useful to keep in mind when assessing future probabilities. So we can expect anyone on the corrections that...
I had initially identified a buy setup which seems to have been invalidated by the push from $17.69 to $17.05. Due to these recent events, we therefore have a WXY zigzag sequence in place and I'm looking for price to push further down into my blue box towards $15.57. The structure is clear and some correction below my trendline will confirm further downside. Trade...
Price seems as if it has completed a simple running flat structure. This running flat also has the potential to emerge into an expanding flat. A long trade seems probable because the Stochastic RSI is signalling a buy setup. Wait for clear confirmation before looking for any long trades.
The overall structure I'm looking at sees price forming a WXY zigzag. After the current bullish momentum on the lower time frames, I'm expecting price to resume it's bearish trend all the way to the 1.8000 region to complete wave X on the micro degree. Following the completion of wave X, I'm expecting further upside momentum towards wave Y. We'll then have a...
Price has already confirmed the short trade and I see a regular flat structure ensuing. I strongly believe that we are in the beginning stages of the rally that will take us to $1600.00.
We're seeing a complete Gartley pattern and at current levels, price is beginning to show signs of reversal at the 1.3070 level. I'm looking for one more rally to the upside before we continue with the overall trend on the daily chart. Wait for clear confirmation before looking for an entry.
Seems to be forming Elliott's original labelling of double and triple zigzags and double and triple threes. Labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second,...
Zoom back into daily mode, I tried to find the Elliot trends and decided to move the end of wave 3 to the new high. It seems to make more sense to me more than ending wave 5 and making a new Elliot waves. In ETPBTC pair, the support is strong around 35KSat which hasn't been touched but kept at higher support at 39KSat. This should be a good buy zone if it will...
AMD is beginning a turnaround. AMD bottomed at $1.65 and began a Cycle 5 Wave sequence. Wave 1 was normal and had a terminal point at $3.06 Wave 3 was extended with a terminal point at $8.00 (Over 400% of Wave 1) Wave 5 was also extended with a terminal point at $15.55 (Approx 161.8% of Wave 3) Wave 5 corrected with FLAT Correction. Wave 5 now becomes...
Binance, BNBBTC fundamentally solid coin with great long-term potential. Also one of the better performing coins, especially during current uncertainty or BTC corrections and bear market. I've talked about the inverse relationship of BNB vs BTC before so you can read about that under related posts as well. But let's take a look at how it's performing right now...