Dow decreases by 6.32% from 31th of July when it was sitting at 27253 as it fell to 25529.5 at its lowest point today.
The price found support at the 0.786 Fibonacci level at the intersection with the 200 day MA and with the last daily candle indicating buyers pressure in the form of a wick from the buyers side a recovery could be expected.
The recovery might...
As the price of Bitcoin broke out from the ascending channel on the downside we are now likely seeing the start of the last impulsive move to the downside which is the Z wave from the Minor WXYXZ (green) correction that has started from 24th of December when the price of Bitcoin was around $4367. The end of wave Z would be the end of the Intermediate X wave...
Zooming out onto the weekly chart I see an alternative scenario in which the current move to the downside is a three wave move. Both scenarios are the same in a way that I am expecting some short-term recovery for the price of Gold and then a trend continuation to the downside. The difference is in the price targets.
As you can see after an intermediate correction in the opposite direction the downward trajectory for the price of Gold continued. If this wave is impulsive then I would expect the scenario described on the chart.
POWR's price has been in a corrective ABC move, that looks like to be over. What I think it's coming next is that the price will be stuck in a consolidative rising wedge, forming an ABCDE correction, after which the price is going to go down to the uptrend support line for a retest. This move to the downside will complete the larger WXY count.
The price of Nano (previously RaiBlocks), is at it's lowest levels since it hit the market. The price broke out from the jaws of wealth from the downside and below the unconfirmed uptrend support line. It hit the ending point 0 of the Fibonacci retracement and indicated an end of the ABC correction wave. A quick dip indicated that the low is in so I expect the...
It looks like Enigma is in a falling wedge, and that the correction will be an ABCDE, which would be sub-waves of a WXY, and the handle from a higher time scale pattern. I am expecting the price to go up to 0.236 Fibo level which would be a D wave, and then down again the approximately the levels of the 4 impulse wave.
So the price broke out off of the triangle, and it has retraced back to retest and find support. It has done so, as both the triangle's support line and 0.5 Fibo level served as support. If my count is correct the price is starting to begin the 3 wave from a 12345 impulse wave, which target would be at 1.272 Fibo level. The target for the 5 and final wave is at 0.338$