This is an update of my old chart published more than a year ago (see related idea) That call paid well and here is another chance to gain big. It looks like sideways correction is coming to an end and another big drop is on the cards. The wave C (blue) is already larger than wave A within a small wxy (white). MACD shows Bearish Divergence. Target is at the...
The price could have topped here within a large sideways correction wave X (yellow). The wave C (white) is already larger than the wave A. The target is highlighted with the white rectangle. Previous low at the 18.81 could be aimed first. The 78.6 Fibonacci retracement level (13.15) could be the optimistic goal.
Gold is losing time within the triangle consolidation. Breakdown would ignite the drop to the target area within the white rectangle (1230-1193). That area represents the 0.618-1.00 of wave A in wave C.
We could be in a WXY flat correction. Looks like some downside is ahead to $60 area.
After the breakout of the giant triangle (see related ideas) the pair could dip to the broken trendline as highlighted with the white down arrow. The previous low around 385 level could offer the first support.
This could be a large WXY flat correction. We are in the last Y wave down. It could be a hefty gain. Target at 2655 level is the minimum. I like European indexes clean charts and ideal touch points as you could see in the EURO Stoxx 50 here.
Bitcoin broke out of wave 4 triangular consolidation. Both trend channel and wave count hints at higher levels. I put the white rectangle to highlight the target area in the 11788-13193 range. Upside of the uptrend is also within that rectangle zone. Invalidation below 9517 (wave E of wave (4) end).
The upside target at the previous top (31.49) is a minimum. It could double there. Bullish divergence on the RSI.
Option 1: WXY flat correction (yellow labels, red and blue arrows) implies further weakness to hit lower levels. Option 2: ABCDE triangle (white labels, blue polyline) shows the hit of triangle sides first and then continuation to the upside.
Ripple is trapped within a large complex correction WXY. It is possible that we are now in the wave X unfolding as large triangle ABCDE. Wave E could be over and another drop should follow either to the ending point of wave W (0.127) (blue zigzag) or to the lower level where Y=W = 0.012 (purple zigzag). It looks like banking currency is not favored by...
Monero could be in a large corrective structure within wave 4 unfolding as a double zigzag WXY. The price should break below the yellow uptrend support. It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag). And then we could see continuation to the upside to reach out to the 208.20 mark at...
Ethereum could be in a large triangular consolidation (abcde). 20 weeks passed already. We are in the last wave E. After that, the breakup to the upside is possible. There are two invalidation points: On the downside it is the C point - $198 - the triangle would be invalidated below it. On the upside it is the D point - $355 - the breakup will be confirmed beyond...
Sugar is in a long running flat correction. The wave Y could reach out to the 0.1580 area (where Y=W) before it drops. It could also exceed it with further Fibonacci ratios 1.27-1.618. Wait for reversal pattern at the top.
The power of the trends + Corrective structure at the end. Price is approaching the trendline resistance. Watch the breakout.
Targets previous top at 23.65
It could take more time for this pair to finish a WXYXZ correction. The last wave X could shape a triangular ABCDE formation. Break below D point would signal a move down.
It could be an ending diagonal in the last wave down. MACD shows bullish divergence for many months and its reading is positive already. Price is already drilling the resistance. Long on breakout.