Quick plot to map some Support and Resistance zones. UJ apears to be in an ABC correction that is nearing completion. Wave C shows a perfect 5wave structure, with wave 5 to come. Initial velocity of wave A hints at a possible extended wave C. 107.58-.60 is the "prescribed" target. 107.35-.38 is the "extended" target. 107.22-.23 is the "risk panic" target. Chart...
Chikun may have bottomed here around $85. ABC correction fits the prescribed correction. Wave C had perfect Fib Ratios for abcde waves. Fundamentally everything crypto still looks bear. Technically the Big Three might have bottomed. Emotionally Bulls be Beaten and Bears be Euphoric. Purple Fib of wave C with .618 > -.618 > -1.0 extensions. Blue Fib of entire...
Big picture view of ETH and why $216 is worth watching. Left chart is fib of drop from $829, coming to the 5.236. Right top is fib of bounce from $83, coming to its 4.618. Right bottom is closeup view of both fibs and price lines.
Quick plot to map nearby Support and Resistance zones. Bigger picture looks to be ABC's in a sideways correction. Many small upward Impulses spotted but no follow through. 10,6xx should be expected. 10,3xx is likely to be tested. 10,2xx looks juicy for bounce. 11,4xx break invalidates most of it. Part of my ongoing Bitcoin analysis (click): 13k warning (early...
XLM got a nice boost but is now consolidating. Currently at a support but that was weakened. Next zone very likely to be hit down below. Would like to comment more but BTC moving hard.... gotta go.... . See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page . Currently in Play: BTC retrace watch...
Quick plot to observe price action in a critical zone. Three different Fibonacci sequences are in play here. The confluence of those ratios are important boundaries. .3327 - .3329 is the immediate resistance, tight confluence. .3104 - .3116 is the crucial support which must not break. Break out in either direction could accelerate very quickly. . See some...
We are approaching a critical price point of $1402. There are 3 important fibs clustered tightly nearby. This cluster we pierced earlier, but rebounded well. $1402 is last defense of 1400 round. $1396 is likely first stop if 1402 breaks. $1389 is critical uptrend support to hold. My previous Gold Analysis (click): Uptrend Landmarks $1386 bounce $1400 bounce...
Quick plot to show how 11k might be tested. We look to be in an ABC retrace per Elliott Waves. If so, wave C should have 5 sub waves as plotted. 11,077 - 11,097 is likely target and bullish defense of 11k. 10,907 - 10,887 would be a stop hunt under 11k, also possible. 10,800 or under would require rethinking of the structure and fibs. Part of my ongoing Bitcoin...
We might be ready for a significant pullback here soon. Or the King may just keep marching onward and upward. But if a retrace starts, the plotted zones are worth watching. 12,525/531 is first support, not strong but might do. 12,196/151 should be pretty good support for strong bull. 11,916/986 should be strong support after 12k stop hunt. 11,555.592/646 should...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Ether might be priming for next its jump between Fib Bands. We made a decent attempt with previously posted levels (click) . If the Bull Run continues, this could be a nice profit opportunity. "Wide Open Spaces" between bands are like voids where price does not like to linger. Once it achieves "Escape Velocity" to leave one band, it should quickly reach the...
Back to the Impulse zone again, as previously plotted (click) . Given the return to this resistance, it should break this time. But if rejected again, there will be serious risk of downtrend. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone...
Gold is in a fight for Life of the Uptrend. Retrace has reached last pocket of buyers. Reaction here will be critical into next week. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers...
Quick plot to map some Support zones coming into sight. Holiday weekend in US, so technical levels are suspect. If already short, upcoming supports might be take profits. See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page . EUR.USD short call (in time, to the Pip) EUR.USD long call (scalp that ran hard) ...
Quick plot with updated zones based on pullback thus far. Overall, the retrace has been proceeding roughly as expected. However, given the clear Impulse down, it might continue further. 10.9k may have been end of retrace, but seems unlikely. 10.7k can be the minimum expected target of this wave. 10.6k seems likely to be tested for a complete wave down. 11.1k is...
Quick plot to map nearby Support Zones. BTC completed a 5-wave Impulse move per my last plot. We might now be painting the requisite ABC correction. The plotted EW is a guess, but am confident in the zones. It is possible that the green 3.618 will bounce it. Also, green 3.236 near blue 1.618 should react well. Most likely is a retrace to around wave 4 end...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Quick plot to see two possible wave structures. The bounce was strong, but is it done? or more? The Impulse was clear, the Ripples being perfect. Perhaps we have completed all 5 waves of Impulse leg. Perhaps we have only completed wave 3, and 4 coming. Perhaps we are still in bear market and just a correction. 10.9k is the key for bullish momentum 10.6k is...