Hey traders, Commodities have seen some sharp recovery in the last few months, but we see five waves up now, so maybe it's time for some pullbacks, especially while the USD is breaking higher across the board, after FED's tapering policy.
Hello Crypto traders! Today we will talk about BNBBTC pair, in which we see very nice and clean EW pattern. If we take a look on BNBBTC daily chart, we can clearly see it unfolding a bigger, higher degree (A)-(B)-(C) correction. Currently we can see it trading in final stages of an A-B-C pullback within wave (B) that can be followed by another sell-off within...
Hello traders and investors! Markets are in risk-off mode as the media is spreading fear about the new covid variant. But everything is maybe just too pessimistic if we consider there are no deaths and no hospitalization for a new variant! However, markets do not like uncertainty so we are seeing a sharp sell-off on stocks, even commodities are coming down which...
Hello traders and investors! Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe. We are talking about Emerging markets (EEM), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As...
Careful with cryptos, it does not look good. Also, stocks came down in recent sell-off which can have a bearish impact on cryptos as well. Black Friday discount may give an opportunity to buy it cheaper :)
Hello traders! Today we will talk about AUDNZD currency pair, where we see quite clear bullish EW pattern. As you can see, AUDNZD made a five-wave impulse from the 1.0280 lows, which is first leg of a minimum three wave recovery. We know that after every five waves, a three-wave A-B-C corrective setback follows and we can see now a completed A-B-C corrective...
Hey traders. It's been a while since I looked at BTCUSD so here is my take. BTCUSD has 5 up, correction can be seen BTCUSD volatility is at the low; an increase usually occurs when price drops GOLD/COPPER ratio is at support; rally will suggest limited upside for stocks Lower stocks may trigger a weakness on Crypto. For more details, please check the video. I...
Hello traders! Today we will talk about AUDJPY pair and its quite clear Elliott Wave pattern called bullish impulse. Bullish impulse should be seen by five waves and as can see, AUDJPY looks to be trading in wave 4 correction with perfect 83.00 psychological support and with equality measurement of waves 2=4, right at the channel support line, from where we...
Hello traders! Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern. USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking...
Five waves down on gold/copper ratio into the multi-year support zone, may increase buyers interest in metals.
Hello traders! Today we will talk about 10Y US Notes and its negative correlation with USDJPY. 10Y US Treasury yields keeps pointing lower, as we see a bearish triangle formation within wave 4 correction that can send the price even lower for wave 5. If that's the case, then respecting correlations, USDJPY can see more gains for wave 5, as we also see a bullish...
Hello traders! USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex...
We see that bitcoin slowed down recently with an inside bars pattern, but above the falling trendline which is actually trying to act as support now. An inside bar formation can bring the volatility back, but after a daily close above the Mother bar. This can then cause a continuation back to the highs On the other-side drop below the Mother bar, may suggest...
Always when I am searching for a setup, the most important to me is that I focus on clear path. But what is actually a clear pattern? For me that's the structure where I recognize the direction and the Elliott wave pattern in the first minute after I open a price chart. And sometimes we will have to scan a lot of markets to find any good path. Well, today I...
Hello traders and investors! Today we will talk about silver, its price action from technical point of view and wave structure from Elliott Wave perspective. Well, we are tracking two different interpretations on silver, but what is interesting is that both scenarios are bullish. This is definitely very important for investors, while traders should be...
Intel remains in correction after sales report miss. Chips remain the primary issue. On the price chart it looks like another interesting 30-40% discount. Been the case since 2009. I see price coming down into wave four. Nice support is at around $40/$45 GH
Hello traders! Today we will talk about EURNZD currency pair in which we see nice and clean bearish impulse in progress with room for more downside pressure, while it's trading within channel range. As you can see, we are tracking a higher degree wave (3) that can push the price much lower, especially if we consider an extended wave 5 of (3) with room down to...
Hello Crypto traders! Today we will talk about Ripple - XRPUSD, its price action from technical point of view and wave structure from Elliott Wave perspective. We have to respect that Ripple looks quite bullish after it unfolded five waves up from June to September. However, we still see it as a wave A of a three-wave A-B-C rally, so after nice and clean...