This is my primary count - We had a leading diagonal A wave and are now in a complex WXY correction. The Y wave we are in currently looks to be forming a flat but could also turn into a triangle. If we see support in the 7342 area, I will stay with this count and look for one more small move up to the top of the channel around 7670. I will short in that area to...
hey fans here is the next picture for the Gold .understand this
It looks like we have a triangle. Since they usually appear in wave B or 4, and it doesn't look like we are on a B wave, the corrective structure hints to a complex w,x,y minute wave. The complex correction is part of minor wave 4, which has a termination level above 1600, where intermediate wave 3 is likely to complete. After minor 3 top at 1557 markets...
I wanted to create a Wyckoff and Elliott wave based description of the current correction that has been lasting nearly 3 months now. During the beginning of the correction we have seen a Three Falling Peaks pattern which created a strong supply line. Three falling peaks acts as a reversal at the end of an uptrend. The strong supply line created by the 3FP's has...
I am getting both frustration and fun trying to read those difficult WXY corrections. Becoming an expert.
Last week was interesting. This week is less promising as the picture across different markets is less clear. SPX500 has to finish upward move and reverse. On Friday it was stopped by 200MA on 1 and 4 hr chart. Strong resistance level is in sight though not yet reached. The price could pierce through the resistance early this week and decline throughout the rest...
Overview about how it can proceed... the Btc will see new heights soon ;)
It looks like we've finished a corrective wave (WXY) wave 2. A double pivot bottom! Possible symmetry in progress. I will update as progress
Volatility in the crypto market is nothing new. Its also the secret sauce that traders on platforms like BitMex, Binance, and Huobi thrive on. Owing to that, it should come as no surprise that the moment a ripe opportunity for wrestling the markets up and down presents itself, market makers pounce on the chance. Volatility is a traders best friend. Whether a...
This correction might not be over. We have already completed pattern 3-3-5 Flat Correction, Primary Structure - Double Zig-Zag in Intermediate (W). Then we completed what looks to be a large ABC pattern or Wave X and is developing, Intermediate (Y) - Expectations and Minor degree ABC sequence. A "Double Three" will complete one corrective wave pattern, or there is...
Hello. Current estimate for the end of the Zig Zag playing out in a combination (Flat with failed B leg, any three, zig zag, potential wxyxz) The Flat having a failed B leg created a Falling Three Peaks
EurAud is performing nice double zigzag correction that collecting power by touching the demand and then reach the supply also 0.618 of fibonacci retracement
Looks to me like we are finishing up the Any Three X leg of a WXY. Thinking we will see a Zig Zag rapidly dropping us to $7250 Falling Three Peaks playing out. Channel holding strong. Estimating next Third Impulse up begins August 26th Estimate established early July
Right now is undoubtedly a time when Bitcoin enthusiasts & investors are glued to what the price is doing. I see all kinds of analysis, predictions (different from analysis), fund managers tweeting horrible looking technical analysis with a MACD and a few unconfirmed trend lines, drive by media reports from their “experts” and so on. To be honest, we are at a...
Full idea described in thread here
Fib relations in the WXY, wave 4 retrace. The fib relations I found on this probable WXY correction, inside each 3 wave structure. W: 0.786 X: 1 Y: 1.272 Welcome to wave 5.
Bear Count for |Bitcoin charted on Bitmex on 1d chart. I predicted the bottom spot on in a previous analyse of 29-08 (link below), But now we are here i think we are not done yet, Relax Bulls... Bull count coming up;)
Just a possible hypothesis for the current corrections abnormal structure. As always pay attention to the relevant daily and weekly levels for verification.