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 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...
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...
If you haven`t bought MMM before the previous earnings: Then analyzing the options chain and the chart patterns of MMM 3M Company prior to the earnings report this week, I would consider purchasing the 89usd strike price Puts with an expiration date of 2024-5-3, for a premium of approximately $1.08. If these options prove to be profitable prior to the earnings...
A glimpse of the AUDCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
If you missed the 10X call on VKTX: Then analyzing the options chain and the chart patterns of VKTX Viking Therapeutics prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $2.57. If these options prove to be profitable prior to the earnings release,...
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...
In the forex realm, the EURJPY pair on the 45-minute chart is offering an interesting narrative through Elliott Wave analysis. It seems we've seen an impulsive wave culminating with wave (5), followed by what could be the initial stages of a corrective phase. After a significant rally, the current pullback is likely the start of a corrective wave (4). The...
Forex enthusiasts, the GBPUSD pair is showing an interesting setup on the 15-minute chart. After completing an impulsive wave with wave (5), we're seeing the beginnings of a classic Elliott Wave correction. The initial decline in wave (a) is evident, and the price has since retraced upwards, which we can identify as wave (b). We're now anticipating the start of...
Traders, zooming into the NASDAQ (US100) on the 45-minute chart, we're seeing a classic Elliott Wave structure. Following the completion of what appears to be wave (5) of an impulse move, we've entered a corrective phase, highlighted by a clear ABC pattern. Currently, wave (a) seems to have completed, and the market has bounced back up in a wave (b). We're now...
Traders, casting our eyes over to the Gold market, the XAUUSD chart on the 45-minute timeframe is showing us an interesting narrative. We've seen a break in the descending trendline, which previously connected the highs, suggesting that the correction phase of wave (4) could be complete. The price action has stabilized, hinting at accumulation before the next leg...
Analyzing the options chain and the chart patterns of DXCM DexCom prior to the earnings report this week, I would consider purchasing the 137usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $5.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move. The chart indicates that wave (4) is retracing...
Turning our attention to the USD/CAD pair, the Elliott Wave Principle is hinting at a promising opportunity for a bullish trend. According to my analysis, we've just witnessed the completion of Wave (4), and the setup looks ripe for Wave (5) to take the lead. This final wave could surge towards the 1.618 Fibonacci extension level at 1.39893, a compelling target...
Hello traders! Analyzing the EURUSD chart with Elliott Wave theory, we've possibly completed the impulse sequence with the peak of wave (3) and have embarked on a corrective wave (4). The retracement is taking form, and I’m monitoring the key Fibonacci levels of 0.382 at 1.06882, 0.5 at 1.06815, and 0.618 at 1.06748 as potential turning points. The current...
Hello traders! I'm currently analyzing the USDCHF pair through the lens of Elliott Wave theory. It seems we've completed a classic 5-wave impulse sequence, with the chart showing a peak at wave (5). What I'm observing now is a potential corrective phase unfolding. The start of an ABC correction pattern is taking shape, with wave (a) suggesting a strong move down....