Hypothetical scenario for the price action based on a possible wave count aiming demand zones and important levels to watch during the expected price decrease.
BNBUSDT is about to fill the corrective a-b-c retrace. After the last target reached, I'm updating this chart with potential targets based on demand zone for the next short position. An impulse wave downward can be expected. Fisher Transform oscillator on 4h-time-frame was added to speculate a price-time correlation.
5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
PERLUSDT is igniting an impulse wave in reaction as the price bounce inner a broadening structure, in a micro triangle breakout. Fisher Transform bullish crossing is suggesting the direction in time correlation. Aiming 5% upward wave-iii.
BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C...
BTCUSDT is trading in a ZIG-ZAG channeling formation, in which the actual price action is about to reverse from a micro A-B-C-D-E triangle to fill this parallel channel with the final bearish impulse wave.
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
BTCUSDT have a Head & Shoulders pattern to built in a Zig Zag downward, in which a wave 1 can be expected for an 2-D swing trade as a breakdown from the micro symmetrical triangle is expected. Thereby, a new supply target will expecting for a reaction. This will be an increase of confidence for the sell-side. Displayed on this H4 chart: daily LSMA (least squares...
Potential bearish trend reversal expected. Projecting BCD reciprocal targets extending 2.618 and 3.618 aiming local demand zone. That's a potential wave 1 to ignite. Wave 2 about to extend Fibonacci @ 61.8% (future local supply). Technicals: * Fisher Transform cross; Overbought; * Chaikin Money Flow hidden bearish divergence:
The pair has been trading in correction with dollar index move now the correction will complete around 81-85-95 level zone and the upside move for wave 5 will start target is 83.06 level
SPX just confirmed a Z wave, I believe we should soon see resistance against the upside, before visiting down against the Orange 3200 MA line. What follows will be a B wave to previous highs OR impulsive 12345 waves up Breaking new highs
I'm pretty sure that if there are no clearing red bars around the white 800MA , the green 200 will cross over the ORANGE 3200 MA on the 1 hr so about 187$ or so or higher is my target This applies like virtually market wide - XMR C waves are super direct nowadays and will more or less glide diagonally to that fib range My lower target still stands, I think the...
HG1!: 🕐 6h A big review of this asset is planned for the first half of next year, but decided to make a small update to the count, as the current sideways formation looks very much like a bullish contracting triangle that is about to be completed. On completion of the final wave E of (B) , there will be a good trading setup for a long position. The...
Forecast: Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish. As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted. About Gold Next Week # A weekly 3-10-minute...
If you want to understand what the market is doing, the best thing you can do is spot these pattern combinations. Elliott's wave principle is not a theory, it's a principle. that word itself means it explains the behavior of the waves. how they start. it's a big different concept from a hypothesis, which may or not happen, a theory. We get impulsive, corrective,...
If you want to understand what the market is doing, the best thing you can do is spot these pattern combinations. Elliott's wave principle is not a theory, it's a principle. that word itself means it explains the behavior of the waves. how they start. it's a big different concept from a hypothesis, which may or not happen, a theory. We get impulsive, corrective,...
as you can see on the chart we are below any possible moving average below 100 and also we are below 200-daily moving average. but i am very bullish on bitcoin because of my wave counts. i believe we completed wave 1 and probable wave 2 in big scope starting from the 3100 bottom. i believe we have completed the correction starting from 14k till the 7.7k and we...