We're looking at a bearish corrective pattern. We are in a wave A which can potentially reach 38,2 Fibonacci level. We can expect a minor drop next week before the wave B correction. The wave A is clear impulse pattern waiting for the wave 5 completion.
We're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.
Double correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level. Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.
We're trading in a wave 5 phase, further sells expected. Wave 5 is always a motive wave(1-2-3-4-5) we already have a 1-2 scenario where we can expect a sell-off as price is trading at 61.8 Fibonacci retracement level.
Why do I think so? According to one version, the growth ended at 68944.62 with the fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010! The price is lowered to the level of 15495.37, which may be the first wave Adjusted by 31799.86 (second wave) And it can give a third wave to the new Global zone 7577.63-3629.76 By making the...
I didn't look what happened there! But clearly, something happened In a week, the price just collapsed by almost 73%! The control zone was simply stitched, there is not even anything to catch on, but there is a zone on a smaller TF! The price has already left the buy zone, but is under the price of the total volume in the control zone from the uptrend! While I was...
Global Buy zone 0.4374-0.2353 The purchase level of 0.3208 has worked out Now the price is in the buy zone 0.5795-0.4879 Which is located in the local purchase zone 0.5663-0.4080 Buy level 0.4933 Volume price 0.8805 There is a probability of entering the Global ZONE!!! Bucket 0.32!!!
First bias we are in an A-B-C zigzag correction where waves A and C are equal After wave C we can expect the price to start selling. The second bias we are in an impulse pattern, of which we are in a 3rd wave phase which could be projected to 1.618 Fibonacci extension level. What do you think what's your view? - Zig-Zag correction - Impulse pattern
Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
The USDZAR seems ready to be bullish, no long ago we anticipated a correction for wave (2) which then occurred and traded to a 50% Fibonacci retracement. The upside will last a lot longer we can expect it to break the previous high with a Fibonacci projection of 1.61.8 as that is common for wave 3s to extend to that level.
I set the levels for the global impulse (white) 495.0-237.0 Received the control zone 54.32-26.01 and the global purchase zone 6.41-1.58 The purchase level of this zone is 3.56 Set the levels according to the local pulse (white) 13.3-9.54 Got the purchase zone 4.86-3.47 Total volume price 11.2326 I do not expect a sharp exit, there will be...
We're in a bullish sequence on USDZAR, we're in a wave 3 phase which will unfold as an impulse wave. USDZAR will most likely trade bullish based on inverse correlation where XXXUSD trades on the bearish side. We can expect a minor pullback which may result in a significant buy very soon.
Price will most likely continue moving in the downside direction as a wave 3. Wave 3 is usually projected as a 1.618 Fibonacci extension level.
The purchase was at the level of 1.1545 in the purchase zone of 1.3168-1.0121 Now the price is in a conditional triangle at the level of the market maker 1.9107 The price of the trading volume is 1.4008 The price of the total volume was 2.2786 Events: Exit from the triangle with anchoring Volume Price level test Entrance to the control zone 2.43-3.10 Level...
Price is continuing to trade bearish to complete the 5th wave. Often times wave 1 and 5 are equal so we can use that idea to project wave 5 completion. Price will most likely continue trading in the parallel channel.
Technically we are at the bottom! I buy at this level 0.29! Volume price 0.298 It is very unlikely that we will go lower, but even so it is! It will depend on the project or the market as a whole. In the future, according to the previous impulse, we can reach $11 More precisely, I can say when there will be an exit from the accumulation.
Price is ready to trade bullish, as impulse phase. We finished the corrective level at the 78,6 Fibonacci multiple levels. Wave (A) and (C) are currently equal suggesting that the zig-zag correction is over. The wave (C) of the zig-zag is an impulse pattern. And the impulse confirms that we are potentially over. Waves 1 and 5 are relatively equal as well and the...