Hello, traders! Taking a closer look at the US100, I'm feeling optimistic based on my Elliott Wave analysis. After a rocky start, it looks like we've embarked on a new impulse wave sequence. We've witnessed a strong push upwards in waves (1) and (3), and it seems like wave (4) has just concluded as a shallow correction, staying above the 0.612 retracement at...
Hey traders! Diving into the DJIA (US30) chart, I’m currently bullish based on my Elliott Wave analysis. We've seen a robust upward move through waves (1) to (5), which leads me to believe we're now in a corrective phase, potentially carving out an ABC correction pattern. The completion of wave (5) was met with a swift reversal, indicating the start of our wave...
Hello, fellow traders! I'm taking a long position on XAUUSD, and here's my analysis based on Elliott Wave principles. As we can see on the chart, the price action has recently completed what appears to be a corrective pattern, potentially ending the fourth wave of a larger impulse sequence. After a substantial decline, I've spotted signs of exhaustion as the price...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24274 TP: 1.26099 SL: 1.23072 Bias: Long For this instrument we are arranging a long trade 4H time period. We want to underwrite from the long bias. The cost is shifting up and acquiring strength in vertical bearing. Ideally a long exchange will hold meaning.
The latest Elliott Wave analysis on XAUUSD points to a SHORT trading opportunity. After completing an upward wave (b), the pattern suggests the formation of a bearish wave (c), which could potentially lead to a new low beyond the termination of wave (a). The price has begun to decline sharply from the peak of wave (b), signaling the start of what might be an...
Elliott Wave practitioners might observe a compelling setup on USDCAD for a potential SHORT. The currency pair seems to have completed an upward corrective wave (b), reaching towards the 0.618 Fibonacci retracement level, and is now potentially embarking on a bearish wave (c) journey. This turn aligns with the currency pair's reaction to a confluence of...
Elliott Wave analysis on GBPJPY points to a SHORT opportunity as the pair completes what appears to be a corrective wave (b) and may be embarking on a bearish wave (c). This is reinforced by the recent failure to maintain upward momentum beyond the 0.774 Fibonacci retracement level of the previous decline. If the bearish wave (c) unfolds as anticipated, we could...
The Dow Jones Industrial Average (US30) on the 15-minute frame presents a fascinating picture for Elliott Wave enthusiasts. We're observing the culmination of an impulsive wave structure, potentially closing out wave (5). This hints at an imminent corrective wave, marked by an a-b-c pattern. For traders inclined towards Elliott Wave strategies, this may signal a...
Time Frame: 4H Symbol: GBPUSD Entry: 1.23721 TP: 1.25233 SL: 1.22471 Bias: Long For this instrument our bias is long. A profound analysis of patterns at microlevel suggests that there is an inspiration for going long so we tend towards a bullish opportunity.
AUDUSD reached a key horizontal resistance. After an attempt to violate that, the price dropped and broke a support line of a rising wedge pattern, showing a sign of strength of the sellers. I think that the violation was a trap. The pair may drop now at least to 0.6433 ❤️Please, support my work with like, thank you!❤️
Time Frame: 4H Symbol: GBPUSD Entry: 1.23431 TP: 1.21931 SL: 1.24785 Bias: Short For GBPUSD we are one-sided for going short. The current energy and the unpredictability is as yet areas of strength for not there is an expectation of unexpected ascent in value motions and for that reason we can take a short trade assuming that legitimate cash the...
GBPCAD broke and closed below a key daily structure support on Friday. The broken structure turned into a resistance. Today, we see its retest. The price formed a tiny horizontal range on that on an hourly time frame. Its support violation is a strong intraday confirmation. I already shorted the pair. Goal - 1.6966 ❤️Please, support my work with like, thank you!❤️
Peering through the lens of Elliott Wave theory on the GBPCAD 4-hour chart, we see signs of a budding uptrend. The completion of a corrective phase (labelled as wave (4)) and a turnaround at a key Fibonacci level hints at the early stages of an impulsive wave (5). Traders employing Elliott Wave principles might see this as a cue for a LONG entry, anticipating...
NZDUSD seems ripe for a LONG position as per the Elliott Wave theory. The chart shows the completion of a corrective wave (c) and the potential beginnings of an impulsive wave upwards. This bullish setup is further affirmed by the recent bounce from the 1.618 Fibonacci extension of wave (a), a common turning point for many assets. This pivot presents a prime...
The USDJPY pair's recent price action is capturing the attention of Elliott Wave enthusiasts. It appears that the pair has completed a corrective wave (b) and is now poised to begin an impulsive wave (c) to the downside. The potential for this bearish wave is highlighted by the retracement to the 0.850 Fibonacci level of the prior wave (a). In line with Elliott...
The GBPUSD pair is showcasing a potential for a LONG position based on Elliott Wave analysis. The completion of a corrective wave (4) at the 0.5 Fibonacci retracement level from wave (3) suggests that an upward impulsive wave (5) may be forthcoming. This possible ascent aligns with the GBPUSD’s recent behavior, bouncing from significant support levels and showing...
The BTCUSD pair is displaying an intriguing Elliott Wave pattern, indicating a potential SHORT opportunity. After a corrective wave (b) and a recent downturn, we may be entering into the early stages of an impulsive wave (c). Traditionally, wave (c) extends to at least the length of wave (a), often ending near the 1.0 or 1.618 Fibonacci extension of wave (a). The...
Elliott Wave enthusiasts may observe that ETHUSD is currently exhibiting a pattern that leans towards a SHORT setup. The chart showcases the completion of a corrective wave (b) and potentially the start of an impulsive wave (c) downwards, as indicated by the recent pivot at a Fibonacci retracement level. This potential move down comes after a failed attempt to...