Please check the cup and handle formations. There are two of them. One is at smaller scale and the other one at larger scale.
For the very short run, we are in a 4th wave and I expect the price can fall $7.5k range and complete the waves at $8.5k.
Later, $7.2k and $6.5k can be the next buy targets, based on the market sentiment.
For the next 1-2 months, we can...
It looks like the correction of the last decade has not yet ended. The current price movement looks like a B wave of an ABC formation. The price will in be in the price range in the nest days and may go further toward $1,400 but for the longer period, the correction can end below $1,000. If this happens, it will be quite disruptive for the gold market.
Based on market fundamentals and chart analysis, I expect USD to appreciation in the next years.
According to EW count, DXY is in the 5th wave.
The wave can extend above 106 level. 100 is quite critical, it is also a psychological level.
It looks like, on log base chart, the price can still go down to $3k-$4k range, which will be the D wave. The fib levels show $4,384 can be the support level. Moreover, the bearish mode may continue until August 2018.
Then, E wave can start. I do not know how it can extend but I am sure we will see new ATHs.
P.s. the previous rally started on August 2015.
#GLEN topped in the beginning of this year but since then the price rally lost its power though the company announced better results compared to the previous year.
Technically, the share builds a H&S formation, which has a neckline around 339. If this level is passed down then there may be further fall, which can be interpreted as a correction (ABC)...
EOSUSD has been moving in a range since last November. First, the price hit $18 but then retraced to $4 and then again moved up to $23 but fell back to $10.29, which is the current price level.
It looks like the price is in an ABCDE range and it is going down to $6.0. This is the support target, IMO. If the price can hold at around $6.0 then the last leg of the...
Facebook's share price increased from $16-17 in 2013 to $197 today, an increase by around 1000%. However the end is near for the price rally.
According to the Elliott Wave count and Fib levels $200 and slightly above can be the top for the share price. Moreover, the volume is diminishing and RSI signals negative divergence.
A correction period after a 7-year...
Log scale graph:
- Fib ranges from $0 to $19,988.
- The correction is a double zigzag.
- The first one completed.
- The current downtrend is the C of the second ABC correction.
- The downtrend ends around low $4.0k, which is 0.786 fib level in log scale.
It looks like BTCUSD has been in an ABCDE formation. The long run support line and the current price can meet around $7.0k around June.
If this formation is real then we need to consider a potential inverse flag formation, which is a scary scenario.
It is only a possibility but still needs to be take into account. $7k is still likely a possibility.
- BTCUSD price is currently at the bottom of the parallel channel.
- It will possibly pass below the channel and can hit mid-$8k (A-wave).
- B wave can retrace up to $9.5k and C wave can drop to $8.0k-$8.5k.
Here is what I expect.
- Sub 4th wave is not complete.
- I expect it to finish around $82.
- The last wave (5th) can extend up to $100, which is a psychological level.
- If NEOUSD can see $100, then there will be a correction due to the end of 5 wave formation.