In this AUDUSD 15-minute chart, my Elliott Wave analysis suggests a SHORT position could be advantageous. The chart depicts a completed five-wave advance, followed by an apparent A-B-C corrective pattern in the making. The final fifth wave peaked and we are now seeing a typical retracement pattern taking shape. The corrective wave (a) has taken place, and the...
This 45-minute chart shows the GBP/USD currency pair in a clear ascending channel, indicating an uptrend. The channel is defined by two parallel trendlines: one connecting the higher lows and the other connecting the higher highs. The price action is currently near the upper boundary of the channel, which might act as resistance. If the pattern holds, traders...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25384 TP: 1.26910 SL: 1.24095 Bias: Long For this instrument our bias is long. A profound report into the value history of this pair uncovers that a beam of expectation for cost is being at upper level. So we plan for a long opportunity.
Taking a look at the Gold market, we see a fascinating Elliott Wave formation on the XAUUSD 2-hour chart. It seems that an impulse wave has completed with the high of wave (3), and the market has since entered a corrective stage, finishing what appears to be wave (4). As Gold is a classic safe-haven asset, its price can be influenced by a variety of factors,...
On the NASDAQ (US100) 30-minute chart, we're seeing a compelling Elliott Wave pattern in action. The chart indicates the completion of wave (5), suggesting the end of an impulse phase and the beginning of a corrective pattern, marked by waves (a) and (b). We may now be in the midst of wave (c), typically the final leg of a corrective phase. The Fibonacci...
The DJIA (US30) on the 45-minute chart is showcasing a potential Elliott Wave pattern in play. After the completion of wave (5), indicative of the end of an impulse sequence, the index seems to have embarked on a corrective phase marked by an (a) and (b) wave structure. Currently, it appears that wave (b) might have peaked, setting the stage for the start of wave...
The S&P 500 Index on the 45-minute chart presents an Elliott Wave structure that's quite telling. We've seen an impulse sequence up to wave (3), followed by what appears to be a corrective wave (4) that has found support. Now, there's a projection for an ascending wave (5). In classic Elliott Wave fashion, wave (5) is expected to push higher, potentially reaching...
The NZDUSD pair on the 15-minute chart shows a potential Elliott Wave structure in play. It appears we have completed a full impulse cycle up to wave (3) and have subsequently seen a correction that could be indicative of wave (4). If this interpretation is correct, we're potentially looking at the beginning stages of wave (5), which is often a final push in the...
On the USDCAD 15-minute chart, there’s a discernible Elliott Wave pattern. It looks like we’ve witnessed the completion of an impulse phase up to wave (3), followed by a corrective phase that has formed wave (4), which is now complete or near completion. We can see potential for the start of wave (5), which is typically the last wave in the direction of the main...
On the AUDUSD 2-hour chart, we're looking at a classic Elliott Wave setup. After completing an initial five-wave impulse sequence, it looks like we've moved into the corrective phase of the market cycle. The chart shows us ending wave (b), and we seem poised to begin wave (c), which could potentially push the price down to Fibonacci retracement levels such as...
Analyzing the EURCHF 15-minute chart, we're observing what appears to be an Elliott Wave pattern unfolding. The completion of wave (3) suggests that the market has moved into a corrective phase. The current pattern implies that wave (4) may be in development, with a potential to reverse at Fibonacci retracement levels like 0.382 at 0.97761 or 0.5 at 0.97803. Such...
The EURNZD chart on the 15-minute timeframe shows a classic Elliott Wave pattern. The market has apparently completed an upward impulse wave (3), and it's currently in a corrective phase, potentially completing wave (4). Based on the chart, we're now looking for the commencement of wave (5), which should be an impulse wave moving downwards. The Fibonacci...
Taking a close look at the GBPCHF chart on the 15-minute time frame, it's clear we're witnessing a classic Elliott Wave pattern unfold. We've already seen the completion of a significant uptrend wave (1) and a deep retracement forming wave (2). Currently, we seem to be at the tail end of the impulse wave (3), entering into a corrective phase that could establish...
Last week, on Friday, I perfectly predicted a pullback from a key level on USDCAD. Analysing a price action today, it feels like we gonna see one more. After a false breakout of the underlined support, the price bounced and formed a bullish imbalance. It is an important sign of strength of the buyers. I expect a pullback at least to 1.3669 ❤️Please,...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25264 TP: 1.23944 SL: 1.26311 Bias: Short The instrument is showing a short bias. However the value is by all accounts going up , the shortcoming of up move shows a bearish secret disparity . We can short the pair to use the opportunity from the short term volatility.
Traders, taking a close look at the Gold market, it appears we’re seeing some classic Elliott Wave patterns unfold on the XAUUSD 45-minute chart. The completion of what looks like a corrective wave (4) could be setting the stage for the next bullish wave. With the price action breaking the descending trendline that connected the highs of the previous waves, we've...
I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting...
Market Watchers, let's analyze the DJIA (US30) on the 15-minute chart. It looks like we're observing the Elliott Wave pattern playing out with an impulse sequence that might have recently finished with wave (5). This suggests that we could be entering into a corrective phase. The chart shows that we may be in the beginning stages of an ABC correction pattern...