Hello traders! We want to share a chart with interesting and known pattern called triangle on USDMXN currency pair. As you can see, USDMXN is trading sideways since the beginning of 2021. With slow price action and corrective sideways wave structure, we believe it's just a correction within downtrend, ideally a bearish triangle formation within a higher degree...
Traders, welcome to new video on cryptocurrencies where I cover EGLD, Cardano (ADA) and EOS. GH
Hello traders and investors! Today we will talk about commodities, specifically WHEAT, in which very interesting development. Well, as you know, commodities have been very bullish for the last year and some of them made strong and impulsive rise, but this is not the case for WHEAT, as we see slower price action and corrective wave structure from the lows. We...
Hey traders, Again, welcome back to another crypto video in which I will be looking at #bitcoin, #doge and #matic. Let me know if you have any questions please. GH
Hello traders and investors! Today we will talk about NIFTY 50, its price action from technical point of view and wave structure from Elliott Wave perspective. Well, most of stocks across the globe are an impulsive rise since March 2020 lows, so as NIFTY50 which we see it trading in an extended wave (5) of 3 that can be approaching the end soon, ideally during...
Hello traders! Today we will talk about GBPJPY pair, which is trading nicely bullish within a five-wave cycle and there's room for more upside, at least towards 2018 highs. We are tracking five waves up from 133.00 low, which looks to be unfinished. The main reason is current three-wave A-B-C corrective decline from the highs, which should belong to a higher...
Hello traders! Today we want to share with you an interesting intraday setup formation on USDCHF pair, where we potentially see a five-wave cycle in progress from 0.8925 lows. Current slow price action and corrective wave structure we see as part of an a-b-c pullback within wave "iv" that can find the support ideally around 38,2% Fibonacci retracement and 0.9135...
Hello traders and investors! Today we will talk about Japanese Index NIKKEI 225 in which we see very clear bullish pattern. As you can see, NIKKEI made an A-B-C corrective decline from the highs and the main reason why we think it's a correction within uptrend is because of a triangle within wave B in the middle. We know that triangles cannot occur in wave 2, so...
Hello Crypto traders! Today we will talk about ETHBTC cryptocurrency pair in which we see quite clear Elliott Wave pattern. Well, ETHBTC turned down from the highs with five waves which suggest at least a temporary top, so we labeled it as a first leg A/1. Well, after recent three-wave a-b-c corrective rise in wave B/2 with nice resistance around 78,6% Fibonacci...
Hello traders and investors! Today we will talk about TLT treasury bond in which we see very interesting development. We are observing a bigger A-B-C correction, where a five-wave decline within wave C looks to be unfinished. Currently we are tracking a three-wave A-B-C correction within wave 4) that can stop at the strong trendline connected from the highs, so...
Bitcoin has seen a big sell-off in the last few weeks but it appears that resistances may not be broken so easily as recent intraday recovery looks corrective. In fact, on some important markets we see impulsive sell-off, meaning corrections can be deeper after bear market rally. Grega
Hello traders and investors! We want to update Tesla chart, which is moving nicely lower as expected and looks like there's room for more weakness. Well, on April 15th we have noticed nice and clean bearish setup formation and as you can see, since then it's moving perfectly to the downside towards projected 500-400 support zone. We are talking about A-B-C...
Hello traders! Today we want to show you how strongly MicroStrategy and Bitcoin are correlated, so it can be telling us who is driving the price of Bitcoin. As you can see, charts are in tight positive correlation and looking at the wave structure of MicroStrategy from Elliott Wave perspective, seems like one more leg down is missing to complete a five-wave...
Long-term play on cryptos can be much easier if we wait on big dips and also consider the time perspective. If we look at past cylces we can see nice reversal up after 70-90% pullback which seem to be very normal for this market. We have no idea where market will go from here, but it can be easier to invest if we wait on that potential dip and little bit longer...
EURNZD is moving nicely down this week after RBNZ announced that they may lift rates next year, or maybe even at the end of 2021! As such, NZD is strong across the baord with EURNZD pair now sitting on a corrective channel line where we favour a breakdown as intraday weakness looks impulsive. On a higher time frame, there is interesting trendline coming in around 1.61.
Hello Crypto traders! Today we will talk about XRPBTC cryptocurrency cross pair as we see an interesting development. Well, XRPBTC is down since the beginning of 2018 and we see it trading in third leg C, but wave C is a motive wave and it has to completed with five waves, ideally as part of an ending diagonal (wedge) pattern, which can retest 2017 lows before...
Hello traders and investors! Today we will talk about energies, specifically Crude oil and Natural gas in which we see interesting developments. As you can see, both oil and gas are in tight positive correlation as energies are in recovery mode, but a rise looks corrective. Oil has slow, choppy and overlapped W-X-Y complex wave structure, while gas has A-B-C...
Hey traders, Elon Musk has announced that there are going to suspended Bitcoin purchases which of course is a main driver for a sell-off across the crypto market. Technically we been looking for some deeper prices due to recent extended gains since start of 2021, so stories like this one are important because they form pullbacks that will allow us to look for...