ALD (Ampol Limited) || March 5, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) (Left chart) In the broader context, we observe that the major trend is bullish, despite the current price increase appearing somewhat lacking in strength and sharpness. Nevertheless, this is generally acceptable. Wave iii (circled, green) seems to have concluded at the high...
WDS: WOODSIDE ENERGY GROUP || March 5, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) (Left chart) Looking at the big context, we can see that the main trend is bearish, with many new lows recorded. Currently, my wave count indicates that we've experienced wave 1 and wave 3 (highlighted in green) has declined. Following that, wave 4 started to rally...
Master of Elliott Wave Analysis: Shane Hua (CEWA-M) Bottom line: Gold may continue to rise further. Gold continues its upward trajectory with wave ((3))-red reaching higher highs, while maintaining prices above the low of 2159 is a significant advantage. The only weakness is that wave ((3))-red appears to be nearing completion. I am open to the perspective that...
(XNJ): INDUSTRIALS SECTOR (XNJ): INDUSTRIALS SECTOR (ASX): CPU - COMPUTERSHARE LIMITED || March 10, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M). Bottom line: CPU may continue to rise higher. (Left chart): The broader context (1D chart) shows that wave 2-red appears to have ended at 22.87, and wave 3-red is unfolding towards higher targets. I've...
(XNJ): INDUSTRIALS SECTOR (ASX): REH - REECE LIMITED || March 10, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (Left chart): The broad context (1D chart) indicates that wave 2-red has bottomed out at a low of 17.10, followed by wave 3-red (not displayed on the chart) unfolding with waves ((i))-green to ((iv))-green having concluded. Now is the time...
ASX: BXB (Brambles Limited) || March 9, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) Bottom line: BXB may continue to rise higher. (Left chart): The context analysis provides a comprehensive view, indicating that wave ((ii))-green has concluded at the low of 12.70 and wave ((iii))-green has unfolded. Price action has risen higher, completing waves i,...
(ASX) FMG Fortescue || March 6, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) (Left chart) The broader context (Daily chart) suggests that wave ((iii))-green appears to have peaked at 29.95, followed by a corrective wave movement labeled ABC-purple. Overall, the context allows me to see that the rise of the Bull market is necessary; it's just too early...
STO (Santos Limited) || March 5, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) (Left chart) In the broader context, we observe a price increase following a Leading Diagonal pattern, which concluded at 7.98. Subsequently, there's been a three-wave decline labeled ABC(circled, green). At this point, it's uncertain what will occur next, as Leading...
Analyst: Shane Hua (CEWA-Master Candidate), Good evening, Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time...
Elliott Wave Analyst: Shane Hua (CEWA-Master Candidate) I think Bitcoin will continue to rally higher with wave C (purple), the usual possible target for wave C will be equal to wave A. But from a short-term perspective, I want to look first at 0.618. Of course the price could go even higher, just my immediate goal. The price should still move higher, while the...
Returning to the current price action, I see an upward movement from the low of 20.01 to the current high of 24.59, unfolding in Three waves. The price action doesn't seem quite favorable; what I mean is that there appears to be one of the Fibonacci Multiple Relationships that is not clearly defined, and it doesn't follow the common Multiple ratios. However, in...
Analyst: Shane Hua (CEWA - Master Candidate), Hi traders, today's forecast is on commodities. Well, commodities tend to experience rapid fluctuations, some of which bear similarities to Gold. Previously, I forecasted that Sugar would decrease to a lower level, and it turned out to be accurate. If I remember correctly, my initial target was 22.98. Now, I believe...
Analyst: Shane Hua (CEWA - Master Candidate), Since the low of 81.43 I started to see the Bull market move higher, and there was no doubt that this was an Impulse wave. I would like to see Amazon continue to rise even higher. Here is my forecast: Bottom line: Amazon will continue to move higher with the 5th wave. The big context shows that the Bull market is a...
Gold: Jan 29, 2024 || Analyst: Shane (CEWA-Master Candidate), Bottom line: Gold may rally with wave 2 (Circled, red). The big context indicates Gold is heading towards a Bear market, but the short-term outlook suggests a Bull market with wave 2 (Circled, red). What makes me contemplate a short-term Bull market is Gold consistently holding above the level of...
By: Shane (CEWA-M Candidate) Bingo! Gold has dropped a bit. 🎯 Bottom line: Gold continues to decline with wave iii. The general context is to drop even lower with wave iii. The short-term outlook has a downside: wave i has started to move quite far, increasing the possibility that wave i is about to end and wave ii will soon increase in price. up before returning...
Bottom line: Bitcoin has the potential to go higher. The big context shows that wave v(Circle) is developing. The target is the upper edge of the Channel and 53,101. The outlook for Bitcoin is to move higher, while the price must remain above 44,300.
Shane Hua (CEWA II, III in progress), Bottom line: Gold will decrease in price with wave iii. The large context shows the dominance coming from Bear market. The bearish outlook should be maintained while prices maintain lower than 2063.98, a lower high of 2046.58 could act as a Protect level with larger profits, but higher risk. Falling lower out of the Channel...
Elliott Wave Analyst: Shane Hua (CEWA - Level II, III in progress), Bottom line: Silver will drop in price lower. The general outlook for Silver is bearish with the 5th wave, while prices remain below 23.51, the evidence that convinces me to count this wave is that prices are already significantly below the high of 23.51, showing enough strength in the Bear...