USDCAD has been trading in a zigzag structure (channel) with higher highs and higher lows on daily timeframe. It has reached a horizontal resistance zone.
we can notice a WXYXZ Elliot structure, with ABC patterns in every impulse and X correction after it (11 waves in the channel). USDCAD is close to the end of the last extended wave C: we can notice in it 12345...
Hi, Today I came back with Ethereum analysis after the last post that I published on Jun 21 ( Topic: Ethereum Counting Waves !!! ).
Ethereum’s long-awaited London hard fork is likely to launch on Aug. 4 between 13:00 UTC (9 a.m. ET) and 17:00 UTC, with block 12,965,000 . Many Ethereum enthusiasts are excited for the delayed release, while some are...
We are on the 4th wave of the unfolded triangle. Low is acceptable unless you see levels above 0.7700. the price below 0.7646 indicates that wave c is forming.
This is the weekly timeframe chart of LTCUSD.
currently, we are on the correction phase.
wave 4 will guide us to ride on 5th wave.
Important levels:
41.6484.50,247.00,413.91
The triangle is to be composed of 5 waves.(A,B,C,D,E)
In which wave D is creating sub waves.
The end point of wave D will be the starting point of wave E.
E wave is the end point of the triangle.
The E wave is the end point of the triangle from which the price will move upwards with great force.
alternation: If this is not a triangle then wave 5 started from the...
