$DJX may be on the verge of a major decline.
Many signals points into that direction:
- S13 exhaustion point recorded today (October 6th)
- Daily Price Flip
- Daily close near Demand Line
- Wave B recently triggered after a recent advance of 5 upwaves
- RSI lagging near neutral zone
From this observation, 3 different scenarios can be drawn:
1. Moderate Bear...
The #VIX is on the verge of renewed volatility.
Following the spike at the end of February, volatility then calmed from mid-March onwards.
Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13
A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid...
$BTC bounced back stronger than I expected.
It actually reached the 61.8% Fib retrace of bearish Wave 3
Now Wave 4 (bearish scenario) has been triggered and a Sell SU9 has been recorded
Wave 5 may have started with the recent price flip.
If wave 5 is properly underway, the most optimistic target is between 9,000 and 9,800 USD.
This could coincide with a trip...
#Tesla potentially reached the end of its bullish 5 wave on September 1.
The first bearish leg could indicate a retracement of wave A and the current upward movement is a wave B.
The price is currently reaching a first zone of resistance (between 50% and 61.8% retracement of Wave A).
This zone also coincides with:
- The triggering of wave B (and 2 of the bear...
$BTC has just reached a potential Bearish Wave 3 Target.
Now Wave 4 (bearish scenario) can begin and reach a price target between 10.400 and 10.700 USD (max 11K USD)
Once wave 4 is over, a bearish wave 5 is expected.
The most optimistic scenario is that:
- Wave 4 retraces 38.2%
- Wave 5 Fib projection doesn't exceed 100% of Wave 3 amplitude.
In this case, there...
$XAUUSD has reached a weekly local TOP here on a 9 Sell setup combined with a C21 combo countdown.
Wave 5 is also in progress but it is too early to confirm its completion.
Positive elements for a bullish continuation
- The most recent Sell SETUP 9 resets the previous countdown since its size is between 1 and 2.618 the previous TD Sell Setup.
- Still no signs of...
$BTC has just been rejected by TDST Resistance line.
MATHR3E REI indicator was overbought (>40) in a bearish/oversold territory (red background).
Wave 4 remains in progress but is competing with a potential bearish Wave 3.
The area of support between 10.600 and 11.000USD is still a good support zone to contemplate.
However, today $BTC has just triggered a bearish...
$BTC wave 4 is still in progress
The first area of support between 10.600 and 11.000USD has not been touched.
The pullback could be enough with a buy setup triggered yesterday.
However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.
RSI starts to look good.
A stronger correction...
$BTC is showing signs of weakness today:
- Rising wedge breakdown
- RSI Oscillator divergence
- REI Oscillator Weakness
- Sequential 13 Exhaustion point
Elliott Wave indicator is showing we are likely in a Wave 4 Consolidation before another leg up.
The first area of support is between 10.600 and 11.000USD which is the most likely one for a Wave...
$BTC Finally reached the target zone defined in March 2020.
Now we are struggling below 10K with resistance levels and exhaustions points on multiple Time Frames:
Currently at the top of a symmetrical triangle combined with a Sequential S13 exhaustion point.
A retest of the middle line of the symmetrical triangle is possible at the moment...
Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
The symmetrical triangle has held so far and the bullish sequential countdown is still in play.
Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical...
Gold has entered a corrective phase leading to the likely formation of a bearish channel.
We also observe a descending triangle that broke down on November 07.
The bearish target of the descending triangle also coincide with the bottom line
of the bear channel and a price cluster previously formed during July @ around 1400 USD
The bear move is...
The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead...
Today, BTC has finally reached its first bearish target on COINBASE.
The price is currently printing an exhaustion point S13.
On BITSTAMP, this same exhaustion point is still at $7.470.
(There is a countdown shift between the 2 platforms so it is difficult to rely on a single target.)
Yet, the COINBASE exhaustion point remains a valid entry point...
Gold remains in a bullish trend and found some exhaustion points recently:
- S13 and A21 on 08/08
- C13 on 08/13
- Nested S21 on 09/23
Despite these last exhaustion points, the daily main bullish sequential countdown has not been invalidated.
This bullish countdown is currently on a bar 5/13 and its last increased bar was on 09/04.
BTC is still forming a bull flag, but this could be insufficient to cancel the daily bearish countdown.
If the countdown has to complete first, this means a bearish target of at least:
- $7.993 on Coinbase
- $7.470 on Bitstamp
There is a countdown shift between the 2 platforms so it is actually quite difficult to predict a target.
I would favor the...
BTC has now reached the upper line of the bear Channel .
On the Daily chart the outlook is still bullish :
- Sequential countdown is on candle 7/13
- Price is now above TDST Resistance
On the 4H chart the outlook is now bearish with some warning signals:
- Exhaustion point A13 and S13
- Rising Wedge Pattern
The 4H Sell Setup is only on bar 5/9 so we...