Bitcoin remains bullish after recent pullback down into blue wave 4-circled which found a support at the area of a former wave four. Normally that's an ideal zone for a new leg higher so wave 5 of III can be underway up to 3800.
Litecoin is less popular crypto currency but still with a lot of volatility that can represent investment opportunities. From a technical perspective we are still bullish for a fifth wave up, but not just yet as current correction since July appears incomplete. Corrections are three wave patterns , so expect another leg down; wave C drop to 33.00 support area...
Finally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is...
AUDUSD is unfolding a bigger bullish leg, with three bigger sub-waves already completed. We now see price making a three wave pullback into the wave four position of that bullish structure, with potential support coming in with Fib. supports at 0.7880-0.7900 area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or...
We see AUDNZD completing a potential flat correction within a bigger wave 2 with recently touched resistance zone, which can push prices lower. A flat correction is an elliott wave pattern, which consists out of three waves, with a formation of a 3-3-5. This means wave a and b have both three legs and wave c has five. Thats said, hopefully this pattern is now...
Good day traders! German Dax 1.22% and S&P500 0.07% are in negative correction for the last few weeks; with US market trading at all-time high while DAX 1.22% lost nearly 7% since June 20th high. Technically we see US markets entering into bullish mania phase with DJIA 0.28% breaking above the upper trendline of an EW channel. We may see fifth wave rally to...
Good day traders! German Dax and S&P500 are in negative correction for the last few weeks; with US market trading at all-time high while DAX lost nearly 7% since June 20th high. Technically we see US markets entering into bullish mania phase with DJIA breaking above the upper trendline of an EW channel. We may see fifth wave rally to continue up to 24000-25000....
Intraday chart on USDCAD is nicely pointing to the downside into a final push of a bigger bearish impulse. As we look closely, we can see current triangle correction trading near completion, which means hopefully more weakness will follow on the pair. A confirmation for a completed triangle correction is a five wave minor fall and a breach below the former swing...
10 Year US Notes are falling quite sharply away from red wave (2) correction, which can mean that temporary bulls are over and that downtrend is continuing. We see more weakness in view.
Bitcoin is lower today, so its more than obvious that triangle was not in wave four about as mentioned in analysis yesterday, but it was rather a triangle placed in wave b of four. But what really matters at this stage is that pullback is still corrective, so more time is needed for new highs. Rise above wave b swing high near 2775 will be a confirmation for rise...
Bitcoin is showing us a triangle consolidation within wave (4), that can be trading near completion. As we can see all of the five sub-waves needed for a completed triangle correction have already unfolded, which means more upside can follow in the next couple of trading sessions. A five wave minor rally and a breach above the waves d and b swing high would...
This is a quick update since last week when we highlighted a bullish structure for bitcoin. So far market moved a nice break to the upside which is likely going to extend to a new high since we see a triangle in wave four... trade well, Grega
EURAUD is making a nice leg up in the last 48 hours which has impulsive qualities to the upside. It can be a new change in trend to a bullish mode, so it can be good set-up after a three wave retracement next week. But somehow I like AUDNZD shorts more rather than EURAUD longs, and reason is because EURUSD is trading close to resistance where sell-off can impact...
EURUSD is trading sharply higher following ECB rate decision and press conference. We see pair approaching 1.1585 highs from where we may see a test of 1.1600/20 area; maybe the next stop for euro bulls as pair can be in final stages of an ending diagonal. However, calling euro bears is not easy here, so you definitely want to see a drop below 1.1480 before you...
BTCUSD fell sharply this weekend, and continued lower as expected following a broken triangle that we have recognized in wave B. There was a five wave move lower into wave C that now show evidences of a bottom at the lower side of a corrective channel; around 1800 level which was also a support of a former wave four. So far there is a strong upward reversal from...
10Year US notes can be trading at the start of a new bearish leg, after a completion of a higher degree complex correction within blue wave IV. Current sharp reversal was quite expected, as price formed an ending diagonal pattern within the final wave (C) of IV, which usually suggests a sharp reversal after its completion. That said current weakness can now...
EURAUD just reached some potential resistance zones, which can offer some bearish pressure and push prices lower. If that were the case, then we would expect a five wave move lower to develop early next week and ideally breach below the previous swing low of wave B at 1.4875 level. That said another indication for more weakness would also be a breach below the...
GBPUSD can be slowing down for a three-wave pullback, which we see it as a higher degree wave B). As we can see sub-waves A and B are already completed, meaning current intra-day weakness can represent wave C. Ideally wave C will search for support around the Fibonacci ratios of 38.2/61.8, before making a new rally towards higher levels. Disclosure: Please be...