Often HAPEN in Elliott Wave analysis, we may lose OUR count. If that happens, I'll focus on identifying correction patterns (abc or abcde) and start taking positions according to the trend after I believe the correction has ended. This chart is an example of how I "guess" the potential patterns that might occur. Here we also see how we distinguish wave B from...
The Daily, Demand zone, The Yesterday's high, The finish of of . All these should signals a market sell later in the day
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line Completed " 12345 " Impulsive Waves Demand Zone
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. (1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher. (4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised...
Am looking for a sell setup on the current market structure. Fundamentals might be the opposite and the market can shoot upside am not ignoring that part but I don't trade that way, I'll avoid any buy setups and focus on sells. This down wave might break the bullish trend and move a little far and this is based on technical wave analysis and market structure....
The token ended the wave (3) yesterday @ 1.2285. and the correction structure of wave (4) has been completed at 1.0861. Next wave up is wave (5), which will complete wave 3 (in circle), and the target is 1.2837
I'm of the belief Gold is putting in a cycle top in 1-2 months and should fall in the 2400-2500~ range - After this I'm expecting a very long and deep correction lasting many years perhaps a decade - I expect to see gold sub 1k in a few years.
EUR/GBP Fundamental and Technical Analysis The EUR/GBP pair experienced a bout of volatility following the release of mixed UK PMI data on Tuesday. The market’s reaction was a blend of anticipation and caution as investors digested the implications of the economic indicators. Mixed Signals from the UK The UK’s Purchasing Managers’ Index (PMI) data presented a...
We had previously engaged with the Osmosis and experienced tremendous success, exceeding 350%. However, currently, the chart appears indecipherable, impeding our ability to determine a clear direction. The coin has not exhibited significant movement amidst recent strong Bitcoin increases, and it has remained unaffected during correction periods, casting doubt...
Please, check our technical outlook for AUDUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.645. The above observations make me that the market will inevitably achieve 0.642 level. P.S Please, note that an oversold/overbought condition can...
Here's an idea for Elliot Impulse Waves for BTCUSD. Carrying out of this scenario has us at close to 80k before a longer ABC corrective wave series.
IT can be a great trade for us if markets gets in our direction and we can make a lot. just stay tight and wait for the levels to be reached and then only take the trade and please do maintain a good RR ration , as it matters a lot in a lossing streak trade .😗
Here is our detailed technical review for GBPAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.919. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.930 level soon. P.S The term oversold refers to a...
From what my analysis is saying I will be expecting a pullback from this US30 for a confirmation of a down trade.
Price has taken the liquidity and sucked in break-out sellers. It was rejected from the daily gap and closed above the height that created the low. In my opinion, 73K is in play now. I'm longterm bullish on Bitcoin, but I think it will take time until we will see the halving effect.
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 105.968. Considering the today's price action, probabilities will be high to see a movement to 103.741. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2340.10. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.063. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.065 level. P.S Please, note that an...