- We have a new parallel ascending channel on the 4h chart. - Bulls need to break this channel to the upside, for continuation in this uptrend. - The previous triangle structure can be definitely re-tested in the future, so be prepared for this case. - But a major trendline from 10. November 2021 is now broken, so the trend switched to a bullish trend. - If...
As previously mentioned, price should now be in Wave iii of C (please refer to linked idea below). Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure. We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now...
Gold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by making higher highs and then correct strongly downward. This zigzagging price action OFTEN indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the general markets. Well this is NOT the case and has not been for most of its modern...
- This is a bullish scenario for Bitcoin, if this scenario is wrong, then now we should see a small ABC to the upside (40-42k) and then another small 12345 Impulse down to 20-30k. - For now this huge ABC correction has been completed succesfullly, but we do not know yet, if this major ABC correction turns into 12345 Impulse to the downside. - The price is...
Wave 4 overlapped into the price territory of Wave 1 whilst maintaining structure. Could possibly see another test of Friday's low but expecting price appreciation to fulfill the diagonal Wave 5. Please refer to linked idea below. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to...
- On the weekly chart we can spot a descending triangle, the most bearish technical pattern. - Currently, the triangle is breaking down with strong bullish momentum. - Another 40% drop is very likely at this moment. - Next support is bottom of the blue trendline and horizontal line from 2019.
- Cardano is not looking good at this moment. - We have the lowest new weekly candle with low at 0.917, which is the lowest value since 22 February 2021. - Head and Shoulders pattern just broke down with strong momentum! - Also the impulse Elliott Wave finished with 5 waves successfuly. - The price is below the main trendline established in March 2020. - Next...
Here's is a closer look at the potential wave (4) extension as mentioned earlier. Please refer to previous idea linked below. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
Please see linked idea below. A wave 2 correction is typically in the form of a Zigzag (5-3-5) thus the final Wave C subdivision should consist of a 5 wave structure as depicted in the chart. Sub division breakdown: Wave (3) was shorter in length from Wave (1) which indicates that the final Wave (5) will be shorter than Wave (3). There is a possibility that...
- Impulse Elliott Wave has been completed with 5 successful waves. - Now the main ascending channel is being destroyed by bears. - Looks like the bull market is over for 90% of all altcoins. - Only few altcoins can survive long term, maybe FET can be one of them, but we need a correction first before another push to the upside. - HODL Is a bad strategy for...
US30 - Elliott wave – update - minute ((ii)) minute ((i)) ended 36120 - minute ((ii)) should follow corrective - zigzag - 36540/640 inalidation 36120
AAPL - Elliott wave – update - minute ((ii)) minute (i) ended 171 - minute ((ii)) should follow - corrective zigzag - 178.50 invalidation 171
TSLA - Elliott wave – update - subminuette ii subminuette i looks ended - 1010 - subminuette ii should follow corrective - zigzag 1047/56 invalidation 1010
EURUSD - Elliott wave – update - submicro ((2)) submicro ((2)) looks ended in a zigzgag - submicro (3) should follow motive invalidation 1.1387
XAUUSD - Elliott wave – update - minuette ((ii)) minuette ((i)) ended 1783 - minuette ((should follow corrective 1813
As you can see in Aras at the weekly time, we have a divergence that could most likely break the historic ceiling and reach 11,000.
I think we are currently in a sell/ bearish sequence on the markets. I think we might see wave 3 unfold probably on the week ahead. Keeping an eye on the retracement level from the Fibonacci sequence can be very helpful but the main trend is the downside for now.
- Cardano is currently breaking down with high bearish momentum. - The price is now below the trendline and looks like we will experience lower prices - Also Elliott Impulse wave finished succesfully with 5 waves. - Monthly MACD indicator now enteres bearish cross.