Two long-term bull theories, BTC is in a Running Flat correction in an uptrend, or we're seeing an Expanded Flat correction. Running flat looks more likely so long as we hold above our previous low @ roughly 29k, even better if we remain in this channel on the 4H chart. Targets for the bottom are near where we are now Expanded flat becomes possible if we...
Are we on ABC correction "Running" where the C will be higher then A, I think so.
It seems that my first interpretation about TAIEX is still active: If the potential corrective pattern is really a Flat(either Expanded or Running), the price of TAIEX should start to accelerate to the downside to complete wave c
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Bottom could be $33k - $32k Fib 0’ is around $33k but might get everyone scared by dipping below and forming a Diamond Bottom (Wild Guessing here) Don’t listen to me tho no one knows what Bitcoin is gonna do in the future. But WAVE STRUCTURE LOOKS A LOT LIKE A RUNNING-FLAT NOW and it should get more clear in the next few weeks.
Sorry for the lack of posts over the past two weeks, been busy w/ life. Anyways, I believe this downtrend is nearly over if we consider this recent correct market structure as a running flat . The only concern with this is that within the b-wave, its ascending triple Elliott wave has an overextended wave Z with a ~1.618 fib level rather than a 1.272 fib as...
Hello all, I do not advise you financially, i just draw on charts that I think are interesting or requested to do so. This was requested by @edwardcryptoamos | Kudos to you allow me to add your name here, trader. I drew my usual trendlines on a large timeframe and measured angles. Measuring the angles indicated that the shorts are acting like underage 17 year...
XAUUSD - Elliott wave – update - minute wave ((ii)) - running flat invalidation - impulsive wave must follow
The last correction before the hypercycle ? This is a possible so Protect yourself not with condom of course.
XAUUSD - Elliott wave – update - minute (ii)) looks ended - confirmation over 1868.83 invalidation 1845.00
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Cake is now stuck in a barrier triangle ending Wave e at the top of the triangle (pink lines) means a downward move before bouncing upwards. Reasons why we aren't seeing Cake making big moves. 1. Short Wave ii 2. Extended Wave iii 3. Hidden RSI divergence Do note there might be a possible truncated Wave v as there has already been an extended wave iii. Not...
HARTA may completed its running flat pattern abc (green).. at RM5.440 where wave c (Green) price stalled at :- 1) Lower Trend Line ( Cyan/Light Blue Dashed) of wedge pattern/Ending Diagonal Pattern 2) Major Weekly Demand Zone (Cyan/Light Blue Slim Rectangle Box ).. Daily Chart might form a triple bottom where price will come close to RM5.550 before resuming up...
CADCHF is currently showing us the perfect correction. In Elliot wave theory, this correction is called a Flat correction made up of 3-3-5. 3 waves - WXY (Wave A) 3 Waves - WXY (Wave B) 5 Waves - 12345 (Wave C - we are currently in Wave C) After the massive impulse in February 2021, price has been stuck in a parallel correction. Within that channel, we can see a...
Solana is incredibly interesting. It seems to currently have completed a nice 5-wave impulse of +43 000% in just a year and a half. Personally, I wouldn't mind if this here were to be a running flat correction - an ABC - to retest the primary trend line. Given that this is on the log chart, we're still talking a nice 45-50% retracement, which should be good...
SCIB ( Sarawak Consolidated IND BHD ) stock price "Look" like forming a running flat pattern abc (Green).. Where wave c (Green) may reach at around RM0.10 which is at :- 1) Lower Channel Support Line (Cyan) 2)Next Major Demand Zone
Gold price action seem like "contained" inside the parallel channel (Red) AND stalled at supply zone at around 1770 with potential forming a "Head and Shoulder" pattern..