In my most recent BTC analysis I talked about the rising wedge pattern that was formed and my bearish short-term view on the market. Both targets have been hit, with 27,200 marking the bottom area. Congratulations if you took the trade! Bitcoin is currently oversold at the longer time frames like the 4H and 8H. Consequently, I'm expecting some kind of bounce in...
Over the course of the last few weeks I've made several analyses on BTC and the Elliot Waves pattern it's potentially trading in, see below for the most recent one. In my previous analysis I argued that there was reason to believe that the third wave topped because we were trading inside a very important area of resistance and the RSI was touching the...
TSLA - Elliott Wave Analysis There maybe more dramatic Waves out there for Tesla. But for me I had this count since April last year so I am gonna stick with it. I see a WXY correction. And we are now in minute wave iii of minor wave C of intermediate wave (Y). Foron this WXY pattern the most common Fibonacci ratio is equality between W= Y. In our case...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPCAD. GBPCAD is making channel Pattern and here this is at a strong rejection level. It has maximum Chances we can see a good rejection here in this rejection we can see price around 1.66 or below Keep in touch we will update further soon.
Some basic price action, a 5 wave pattern and technical analysis shows the DAX entering a possible exhaustion area. Couple this with COT Data versus Retail Sentiment and we could be hitting our heads back down before the 16000 level. Personally I've been trailing a long position which now has a healthy SL at a very positive level. Will keep an eye out for short...
AMARAJABAT had broken its trendline into a new Impulse a year back. The stock has managed to come to complete a Triangle wave 4 and is ready for a new leg of Wave 5 CMP 580, Target a minimum of Wave 1 which comes out to be ~700 A small SL of 34 points i.e. ~546 which is the support of A-C Trendline
NZDCHF is currently in a major ABC correction. We're in wave B and looking to catch Wave C. Trade Idea: - Watch for lower timeframe reversal through trendline break, BOS etc - Enter with stops below the breakout lows - Targets: 0.584 (300pips), 0.604 (500pips)) Goodluck and as always, trade safe!
In the weekly period, gold is reaching a very important resistance point, if it cannot cross it and there is a correction, we will face a 3 top3 pattern. However, in terms of waves, we are in the fourth wave, and if we break the previous ceiling, we will enter an upward trend
The market is currently in a complex correction which carries or bears three wave structure (WXY waves). As we see, wave X is about to be completed on only if the red line gets broken below. The last wave which is the wave Y is set to carry three sub waves with the 5-3-5 formation of its sub waves. COMPLEX CORRECTION - WXY WAVE W - 5 WAVES WAVE X - 3 WAVES OR...
Uh oh, the first target is about to be destroyed soon. The next targets are 36k and 45k, which will be tracked using our real-time wave counting tool, allowing us to quickly assess market conditions.
Waves is in a Falling wedge pattern. This means the price is going to become Bullish Pretty soon. Right now the price is around 2.1$ and no break out has happened yet but it's right around the corner. after the break out happens, the price shall reach the resistance level around 3.5$ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you...
Is it wave count time in XAUUSD. Will gold complete its fifth wave from support zone ?
A couple of week ago I made an analysis on Bitcoin and the fact that we can potentially follow an Elliot Waves pattern. For now, my idea seems to hold. With BTC breaking out this week, we're now in a huge resistance zone that goes back all the way to 2021 and 2022. Furthermore, the weekly RSI is approaching overbought territory quickly. We can easily move up...
2 ABCs on the 4h tf. Targets 100% and 161.8% are closely aligned. That's where I'm targeting.
PFE evening star reversal countertrend wave 2 of uptrend
Order SELL IBM NYSE Stop 136.56 LMT 136.56 will be automatically canceled at 20230401 01:00:00 EST IBM daily bearish hammer end of wave 5 expect ABC correction at least.
LMT daily all time high expect ABC correction at least if we clear this compression below.
SO daily compression with upper wicks wave 5 downtrend