DOW Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a downward reversal is near.
Fibonacci
FTSE Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
DAX Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario (in green) is playing out and it looks like we soon might finish wave (X). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
USDJPY - Continuation Trading Using FibonacciUSDJPY has recently broken out from a previous level of structure & I'm now looking for the market to provide us with some relief in the form of a pullback before making another extension higher.
In this video I'll show you how I use structure, Fibonacci tools & psychological numbers to predict profit taking areas for the trade.
Pleas SHOW YOUR SUPPORT by hitting that boost button before you leave & if you have any questions or comments, please leave them below.
Akil
NASDAQ Elliott Wave Analysis for Tuesday 29/08/2023The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
DOW Elliott Wave Analysis for Tuesday 29/08/2023Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
DAX Elliott Wave Analysis for Tuesday 29/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
NASDAQ Elliott Wave Analysis for Monday 28/08/2023The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
DOW Elliott Wave Analysis for Monday 28/08/2023Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
FTSE Elliott Wave Analysis for Monday 28/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave X. The secondary scenario (in red) assumes that we will get an ABC correction and therefore we need another leg down (wave ((v))) to finish wave A.
DAX Elliott Wave Analysis for Monday 28/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Ethereum -> Is This Still Bullish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NASDAQ Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, it looks like we are doing a wave (4) down which should be followed by a wave (5) up. However, there is a potential trap in which we might see way more downside as the wave II correction can still be ongoing.
DOW Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, investors should wait for the pullback to buy again.
FTSE Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
DAX Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
Fibonacci Trading And Price ActionEstablish Fibonacci price clusters identifying important resistance and support, Same Garley pattern. Emphasize important support-resistance points.
I set it on the 3 minute chart, it should be able to run very fast,
Here is a clip of my analysis to determine the key areas for my entry.
NASDAQ Elliott Wave Analysis for Friday 25/08/2023The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
DOW Elliott Wave Analysis for Friday 25/08/2023The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
DAX Elliott Wave Analysis for Friday 25/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Current State Of BalanceAdditional balance zone discussion based on 8/24 RTH session going into tomorrow's Jackson Hole Event
Balance Zone 8-21Discussion regarding balance zones.
Discussion is based on previous days and weekly plan
NASDAQ Elliott Wave Analysis for Wednesday 24/08/2023The (first part of the) correction in the NASDAQ might be finished. We expect more upside but we have to be careful. The rally to the upside can fail and result in another corrective leg down.
