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Chart is presenting a great Elliot Wave Structure. Theres a good short interest on the stock. Possible short squeeze. Wave characteristics - Wave 1 (Complete) - Very good looking wave without any overlaps. nice Fibonacci relationships within sub waves. 3rd was nearly 2x of wave 1. Wave 4 was .23 of wave 3. Wave 5 was almost perfect .382 of 1+3. Wave 2 (Complete)...

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how amazingly the price holding within a range ahead of an important event in relation to fed jacksonhole. Thats my ev count. Believe we have just completed 4th and now final leg down. trade safe. risk management is the key

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A flat in progress. They usually take long time especially when for a B wave. A B is complete and now we are making final leg C. C will likely breakout of that corrective channel to trap more liquidity and we will go lower again.

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Wave A was an expanding Diagonal b/b looks like a wxy contained within a channel which is broken now. c/b should take it down to the tp level stop loss is also invalidation for this count

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A flat is complete as a countertrend move. Expecting the downtrend to resume or we could make another corrective structure. Hence two TP levels. Risk reward shown on both tp levels. Trading Advice = Never risk more than 2% of your account on a trade. Means your stop loss should never be more than 2% of you account value.

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Since ATH we have had a decent correction and now we seems to be in a choppy session. In a choppy session only smaller timeframes provide better trading setups. If you try to anticipated big moves you will likely be chopped. Now see pics for some more insights- Some elliot wave counts :- Red one is alternate. looks like we have completed W as a zigzag in...

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RN Elliot Describe himself in his book that the 5th wave in commodities is usually the longest and strongest. Red channel is the Termination Channel, For wave 5 targets at centreline or topline Blue channel is Corrective Channel, breakout or breakdown will likely guide the future trend Black line is major pivots trendline, if price gets out of that look for...

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A was a diagonal. B has retraced .50 level. C wave coming down to complete the zigzag. Two targets measured using fibb extension as red horizontal ray.

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Looking at the bigger picture always make the technical analysis easier. Solana broke the logarithmic trend (red trendline) long time ago and i was lucky enough to see that using technical analysis ( Link provided at bottom). On 6th of december it broke that red trendline and same time we had bearish crossover on macd. Back then everyone was so bullish. I...

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Channelling is a very useful technique when applied correctly. The recent All time high was very closely caught within that Red channel. The circles are the connecting points bottom to top. I put the tweet out there within few dollars from the ATH saying we are at a turning point. It looks like an Expanding diagonal where each wave gets bigger and bigger. IMO...

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Elliot wave model suggests the motive wave advance of higher degree is complete. Parabolic curve is broken already. Very convincing bearish case. But the volume is still very high which is usually means that extension to make a new ATH is brewing. I will be very cautious there. Fibonacci key levels have been great during the bull run will be interesting to see if...

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Maps has made a parabolic move to the upside almost 12X in just 54 days. But if you look at the larger picture it has been in a downtrend. Its been making lower highs. Also made a lower low since the beginning of the chart. This recent move also looks like a 3 wave move to me. Currently its sitting near trendline resistance. This is also a important Fibonacci...

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Whenever I open up a chart of any asset I like to look at the big picture first pulling up the oldest chart I can find. With Lumber chart I could instantly recognise a pattern called diagonal. I labelled it a Supercyclic wave as it has taken nearly 48 years to complete. After the competition of this pattern usually you can expect a bear market as a correction....

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So i read Andy Constan tweeted his short position on euro yesterday. Before i go in with my money should do my own analysis. Dude is a legend of course but i will have to stick to my rules and do the due diligence. On weekly chart here. Clearly see the downtrend is broken. Currently back testing the upper line of channel. If we make a new local high i will be...

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So a WXY correction in progress ? what do you think ? Does it have the right look. I think so B/W spot on .38 of A ( guideline met) C/W finished at centreline reversal zone ( Commonly seen) For the triangle as an X connector rsi is printing same as the price action so far but volume has not decreased. I have alternate as well. but this one looks good to me...

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Warning – This is not financial Advice. Do your own Research. This recent price action of BTC has confused me even more. Really struggling to fit this on my preferred count on Larger Degrees. I have solved a small piece of the puzzle but it's not fitting well in the big picture. I need to find some time to build up another count from scratch taking this recent...

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No Investment Advice. AXS looked amazing when it was making its minor degree impulse. Wave 3 was massive in relation to wave 1. Wave 3 finished very close to fibb level shown in purple. And a usual wave 4 Triangle structure. Wave 5 spot on fibb level. Usually wave 5 is .618 of wave 1+3 but in this case it finished 1 level lower suggesting upcoming weakness in...

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Perhaps we are making a connector. Nice risk reward set up.