Dear colleagues, I believe that the upward movement in the impulse of the five-wave structure has begun.
At the moment I believe that wave “1” has either completed or is being completed.
In the first case, I expect a corrective movement in wave “2”. Wave “2” is indicated by the 50% Fibonacci level. This is the area of 2533.
But the main direction is still...
Dear colleagues, in the last forecast I counted on the fact that wave “2” is completed, but now it is clear that it is not.
I think that the price will complete wave “2” in the area of 100% - 161.8% Fibonacci extension levels. This is the range of 1.09788 - 1.08690.
But from here I hope to see the beginning of the upward movement in wave “3”, because I still want...
Dear colleagues, it seems that the price continues the upward movement in the wave “3” of the higher and lower order. This means that two scenarios are possible:
1) I expect a small correction to the area of 50% Fibonacci level 5550, then continuation of the upward movement.
2) Price will continue the upward movement in wave “1”, possibly immediately to the area...
Dear colleagues, it seems that the price is in a downward movement and at the moment the price is forming wave “2” of lower order.
I assume that after the formation of wave “2” (72.299), the price will start to form wave “3” of lower order.
The nearest target is the support area at 64.617.
Manage your capital correctly and competently! Only enter trades based...
Dear colleagues, I believe that the correction in the wave “2” has already taken place and therefore the impulse wave “3” has started, which according to the rules of wave analysis should reach the resistance area 41687.
This is possible in 2 cases:
1) wave 1 has not been formed yet
2) after wave 2 in wave 3 (then this level will be reached 2 times).
Manage your...
In this post, we will explore the Bitcoin market cycle in an effort to predict when the next cycle's top and bottom might occur, along with their potential price levels.
Our analysis will cover several key concepts, including the Four-Year Cycle Theory, peak-to-peak and bottom-to-bottom analysis, cycle timing (peak-to-bottom), and the idea of diminishing...
In the last forecast I assumed a price decline to the area of 2443, but a difficult correction took place and now we see a flat.
I believe that the decline will still take place, but I will set the target a little closer than before. I will set the target in the support area of 2471.720. This is the boundary of the flat.
Manage your capital correctly and...
Dear colleagues, after I realized that the price is in the upward impulse of wave “1” I realized that we should look for the beginning of the correction of wave “2”.
At the moment I expect the price to rise a little more to the resistance area of 41379 and then start a corrective movement to the area of 38.2%-50% Fibonacci levels (40137).
Manage your capital...
Dear Colleagues, In the last forecast I expected a deeper correction, but it didn't happen. Well, so the price is in a strong bullish movement and at the moment I expect the price to complete wave “3” and start a small correction in wave “4” 1.10671, then I expect the resumption of the upward movement and the beginning of wave “5”, which will update the maximum...
Dear Colleagues, the price is in a corrective movement and at the moment I believe that wave “b” is coming to an end. The wave completion range is 100%-161.8% Fibonacci extension levels (73.591-75.000). Next, I expect price to rise to the nearest high of 80.432. This is the resistance area.
Manage your capital correctly and competently! Only enter trades based...
Gold market fundamentals:
Powell made a speech on interest rate cut last Friday. The September interest rate cut is a foregone conclusion, and the probability of a 50 basis point interest rate cut has increased.
The US dollar index and US Treasury yields continue to fall.
The Middle East and Russia-Ukraine geopolitical crises are intensifying, and risk aversion...
Dear Colleagues, the price has completed wave “1” and I believe that the price will leave for the correction of wave “2”.
At the moment I believe that it is possible to update the high of 1.1047 for the bears to gain strength, then I believe that the price will reach the area of 50% Fibonacci level of 1.08580.
It is possible that the price will immediately start...
Dear Colleagues, because the big wave “4” (38549) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 40900-41000 area.
Manage your capital correctly and competently! Only enter trades based...
This is how I like to combine my demand zones with TrendCloud.
Notice how TrendCloud counts the waves in this downtrend.
As price falls we also see Bullish Divergence on the TrendCloud Momentum Filter.
When you combine these together you get a higher probability of success.
Add this to your trade plan and let me know how it works out.
Enjoy!
Dear colleagues, I believe that the price is still in an upward movement and at the moment I see a corrective movement “abc” which is wave “2”.
After reaching the area of 2420 I expect the beginning of the upward movement at least to the area of 2494, which is an update of the maximum of 2483.
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Dear colleagues, after the last target achievement the price is actively growing and I believe that this growth is not over yet, but I expect a correction to the area of 50% Fibonacci level 76.54. This movement is a corrective wave "b". After it I will consider the continuation of the upward movement, but at the moment the price needs wave "b".
Manage your...
Dear Colleagues, because the big wave “4” (5095) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 5566 area.
Manage your capital correctly and competently! Only enter trades based on...
Dear Colleagues, in the last forecast I expected wave "C" to be lower, but now it is obvious that this wave is already completed at the level of 2355 and the price has started an impulsive upward movement.
I expect the price to reach at least the 2484 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
