farzinsabbagh

according to my elliott wave analysis an impulse wave have started from beginning of 2016 in gold price. wave 1 and 2 completed and XAUUSD is in wave 3. i considered 15 aug 2018 low as wave 2 of wave 3. if this count is correct, Gold is in the wave 4 of wave 3. if gold goes below 1370 level both intermediate and primary degrees wave count will invalidated. so if...

According to my elliott wave count we have completed 5 wave cycle and we have entered a correction phase since btc met 14k. Because of that as wave 2 WE CAN NOT FORM A TRIANGLE and it is not a triangle. Everyone calling it a triangle, may be it's not! So what now? Now we started a wave up and then a retrace to golden ratio and from there a brief appreciation to...

for more information see my previous analysis on S&P 500 using this link: i think SPX is in a correction starting from red line a drew and it is like a triangle or a flat. but it is not a simple zigzag. as i said before SPX loves to make Flats! after all, SPX should see a wave down atleast. happy short.

this tightening wedge shaped range will broke and it is probable to break to upside rather than downside.

on 13 aug price entered the first wave territory by breaking the brown line that i drew on the chart and invalidated my count as i interpreted this as wave 5. so now i recount these movements as a combined correction where we have a flat as wave W and a zigzag as a X wave and may be finally a triangle as wave Y. so what now? now i think we are still in the...

after completing the flat we started a wave up and then a wave down then up and finally down. I think this wave down is probably the forth wave of a impulse regardless of it's degree. So to determine the take profit and stop loss i suggest to use wave 1 territory, that would invalidate my count. For take profit i used fib extension of wave 1 to 3 and starting...

i believe we have completed the correction as a flat. actually a perfect flat! i entered a long position right after we broke termination point of wave D of flat. now i'm rising my stop loss to 11500 level where we have some support line in smaller time frames.

in 14th july bitcoin started to form a inverted head and shoulder-like move until 20 july, then it failed to form right shoulder and started a channel toward downside. then again it made pretty much exactly the same pattern but a smaller one as i drew in the chart. i've seen these fractal patterns repeat themselves at least 4 times especially in corrections, like...

as i have discussed before i'm doing a elliott wave analysis on bitcoin dominance. right now actually bitcoin dominance is really high. according to my analysis we are in wave 5 of primary degree and actually in the last stages of this move. now we are forming a forth wave and because of that altcoin markets are in a big confusion. i suggest you to buy some...

ETHBTC have broken the blue support line but no volume followed. it seems ethereum is ranging and does not care about ressitance. so a conclude that this blue line support is no longer valid. i think ethereum will surprise us rallying to the up side. i drew a support area. may be ethereum will bounce from these levels.

XRP against BTC is in the exact support line. buy right now and put a SL slightly below the trend line.

as you may remember i said that i see a flat correction in bitcoin. there is different scenarios where the 14k top was end of wave 5 or wave 3. in this stage it does not matter. the only thing that matters we completed a flat correction and now as i have shown you in the chart, started a new impulse wave as wave 1 or A and a 2 or B correction and potentially...

Putting a stop buy order above wave D of wave C of flat would be a wise thing to do.

i can see a strong impulse wave for EURUSD this big wave down is more like a corrective wave i will dive into details after publishing this idea. so i have determined EP SL and TP levels. it would be a great trade to make and it would be a long one. so be aware of the rules of the broker you use. some of them wont let you hold position more than a specific period.

In grand supercycle I see wave 1 and 2 and three and i have shown the potential targets for future. it does not matter that these forecasts will play out or not but we can see that we are at wave three and i am goin to dive into details in this idea. by the way this mounthly chart of spx since 1970.

it doesn't matter we are forming a zig zag or a flat or a triangle only thing that i know we are at a corrective wave. this is not a motive wave because it is complicated and has a lot of overlaps. regardless, may be we are forming a regular flat(A 3-3-5 correction) . after completion of correction i will tell you guys where to put your orders. now we should wait....

I drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2 These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future. Back to elliott, i think we...

As you can see in bitcoin dominance chart we are in a potential wave five. Proof: -Wave 2 corrects major area of wave one but it didn't break it's low. -Wave 3 is longer than wave one so it cant be the smallest wave then if wave 5 wants to be larger than wave 3 this interpretation is still a valid one. -wave 4 corrects pretty much exactly to fib 38.2 percent level...