Hello everyone. USDCAD made an inverse head and shoulder formation from 2015 high, a powerful pattern, which can signal a new bullish recovery. We see a completed pattern at the 1.2955 level, from where bullish movement took over. The price also breached above the 1.3666 level, where a trend line is located, also known as a neckline. This breach is a confirmation...
Hello traders! Today we will talk about the most interesting currency in the last month - US Dollar. As you can see DXY made strong and impulsive recovery recently, mainly because all the assets were down due to panic across the world and also financial crisis, so investors are rather in cash now and that's why is USD so strong. USD is currently down, but...
He traders, Today I will look at BTC volatility and compared it to similar developments back in 2018, when BTC bottomed once volatility slowed down. If that's the case then I think that start of April can be very interesting. Take care, p.s. If you like my work, please support me with a LIKE or Commentary below.
Hello traders! Today we will talk about USDCHF in which we see an interesting wave structure. USDCHF is trading in a big sideways range since 2015 and more and more looks like a big bullish triangle formation in wave (B) that can be approaching the end soon, ideally this year in 2020. We see it actually in the final stages of subwave E of (B), which is clearly...
Hello traders, USDCAD is in a three-wave drop for a wave 4, a temporary pause within the bigger, bullish trend with possible support at the Fib. ratio of 38.2/50.0 (1.322/1.3185 zone). A sharp, and strong recovery towards the 1.332 high would suggest a wave 5 to be underway. Trade well
Hi traders, its been about time to do a new video, this time on EURUSD after very nice move lower that may not be over yet. I think next pullback can be interesting to watch as it may be fourth wave within downtrend. If you like what I do, please press like or leave a comment below if you have any questions. thank you Grega Disclosure: Please be informed...
Hello traders. Today we will talk about Bitcoin from the Elliott Wave perspective. After that strong and impulsive rise in the first half of 2019, BTCUSD has slowed down in the second part of 2019, but clearly with slow and complex W-X-Y corrective structure that can be also finished with an ending diagonal (wedge pattern) in wave Y, which is actually a powerful...
Hello traders! Today we will talk about Bitcoin, its dominance and ALTcoins. For the beginning we want to point out that most of cryptocurrencies, even some of ALTs nicely and strongly recovered in the start of 2020, which can be easily a signal for the bottom and a reversal into a bullish mode again, but only against the USD pairs (XXX/USD). However, as you...
Traders, Cable is making a very nice bearish turn, so be aware of more downside after a corrective rally in three waves. Get full details in our video. Please like and leave us a comment below. thank you. GH
Hello traders! A quick Cable update, where we have noticed a corrective decline for the past few weeks. Well, at the end of 2020, we have seen strong and impulsive push to the upside, clearly with five waves into a wave A and then, from the beginning of January of 2020, we can see a three-wave a-b-c decline, ideally for wave B, so seems like Cable may retest the...
Hello traders! Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal. Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and...
Hello traders! Today we will talk about Crude oil, USDCAD and their negative correlation in the market. As you may already know Crude oil and USDCAD are in tight negative correlation, not tick by tick, but they are mostly in the same shape, just inverted. Well, want we to point out is that correlations are very important to get the right approach to the markets....
Good morning traders, silver can be unfolding a bigger (A)-(B)-(C) move as part of a bigger bullish cycle; now unfolding sub-wave (C) which can be an Elliott wave ending diagonal, and can look for support/bullish turn near the 16.35 region. An EW ending diagonal is a powerful reversal pattern, which can push price into a sharp turn once fully developed. A...
Hello traders! Today we will talk about cryptocurrencies and their current decline. Let's start with Bitcoin against the ALTs dominance. BTC was losing its dominance against the ALTs since the beginning of September that can be clearly seen in the BTC.D/OTHER.S chart, but as you can see a decline was corrective only in three waves a-b-c, ideally in wave 4, which...
Hello traders! We have noticed an interesting pattern on Cable (GBPUSD). It's a corrective triangle consolidation, which is also a continuation pattern that usually occurs either in wave (B) as part of a correction or in wave (4) as part of an impulse and as you can see, in our case it can be as part of wave (4) that can send the price into new highs for wave (5)...
this looks like a classic reversal pattern, but its hard for me to buy here since it can be only a-b-c up when it comes to EW theory. however, wave 3 is possible if 7400 turns out to be a support. no trades for me.. just observing
Good morning traders, AUDUSD made a new high, and found a possible swing high at the 0.693 area, from where we can now see a drop to the downside. Ideally the flat correction within the wave b is completed, and a new, five-wave movement into wave c is in play. That said, we are tracking first five waves into sub-wave i) of c which can later be followed by a...
Gold came lower recently, but it found interesting support so far at 1440/1450 area from where we may see more gains, especially if we also consider what USDCNH is doing. However, I think 1481 is very important level that has to be broken before bulls may come in play. If you love the video, please press Like and support our work, or leave us a commentary below. Grega