I choose to hedge and wait for the new lows to occur;
Once we start to loose market structure, it is likely this is the top.
Personally, I am more inclined to believe this is a running flat as opposed to the expanded one because the coin has been in a very strong downtrend. Every rise is a sell opportunity.
Given that all the tech companies are experiencing a lot of pressure at the moment is it worth investing into medical tech company with potential short term 40% upside?
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - high efficiency with 20% on average
P/E - quite...
Hello and welcome to this analysis on Tata Steel
After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion.
Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it.
It could continue this decline...
A few hours to the weekly close and we are still range bound for Bitcoin.
The chart is printing very low buy interest and we dipped once again, however, if my EW counts are correct, we are due for a retest of the higher range bounds at 31K.
31K level was tested twice since we steeply dropped below the macro support at 27K a week ago, and this should be the third...
The current correction looks very similar to an Expanded Flat Correction originating from Elliot Waves theory. A marginal higher high (69k) followed by a leg down that breaks the previous low (30K). EW theory expects the last wave in the Expanded Flat Correction to be a motive wave (5 waves) structure. Completion is typically at the 100% and 123.6% extension of...
Hi traders, happy Friday. My last trade for the week is on USDCAD where I took an entry at 1.27400 area, with stops at 1.26750 and target at 1.29300. Got a potential risk of 65 pips and a potential reward of 190 pips upside. Happy weekend to you all.
Hello and welcome to this analysis on Mphasis.
In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave.
We can see each swing zone has a 3 leg structure testing the 2 trendlines.
Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the...
Its me again
here is my update for ETHusdt
this goes for btc as well they are just alike.
I have already shared my idea last week and it just happpend =)
I am new to elliott wave but i like it so much! =)
as i have told you last month dont get too bullish yet.
BTW the current move down can extend as much as it wants it wont stop until it reach...
As you can see wave 3 is less than 162% of wave 1. That means that wave 5 overextends itself, which leads to a target of at least 62%. This measurement refers to the starting point of wave 0 to the ending point of wave 3 and is the minimum target for a wave 5 extension.
This is no financial advice.
Hello & welcome to this analysis on the IT Index.
With Q4 results starting from 2nd week of April, IT stocks will once again be in limelight.
If the index can sustain above 36700 it could lead to rally till 37750-38000 where it has a line of polarity besides a Bearish Harmonic Cypher.
This continuation of bullish outlook is valid till its above 36000. Failure to...
This is my Triangle Idea
Please be kind as i am a noob to wave analysis
Any comments, pointers, tips or corrections are very very welcome
This is only an IDEA!!
Triangle correction for wave 4 of an 5 wave impulse
The US government bonds are currently on everyone's lips. Wherever you listen, you hear the word recession and people sometimes talk about the "big crash". This is due to the currently enormously rising interest rate curve.
However, I think that we saw our peak in 10-year government bonds yesterday and I think that the 10-year yield curve will now start falling....
Gold is currently moving in a bearish diagonal, which can be the case for a wave C determination. I think that we have very good chances here of a possible reversal at this point.
Please see at my count and my chart for further information.
This is no financial advice,
last analysis has been a while, I hope everyone is doing good during those tough times.
As you can see Gold has been very impulsive to the bearish side. I think that we are done with our 1-5 impulse and I am therefore looking to hold my longs towards the $ 2000 area. If my count is correct it is very likely for Gold to retrace at least 50% of the...
Enjoying this range pretty much in profit.
we might see a pump upto 42-44k soon perhaps tomorrow.
before we will have another dump next week.
I am still learning elliott wave. please like and follow and dont forget to share
As you can see, updated my original count a bit, we got it right so far with the original Wave 4 though things shifted bullish, my concerns were that this "bullish" move was 3 waves up and with low volume, I had no confidence into this move so I still kept up with my original bearish count, so far, it worked in my favour, though an A-E Wave 4 pattern formed, with...