looking at bitcoin, i see a Bullish Cypher Set up, and a bounce from D leg. The June Uptrend that started is still in tack. I'm looking for bitcoin to retest the over supply zone (see the nasty wick that sold off) which is just above the C leg
I was hoping to see 4185 retested, to retest the X leg and see if it held as support. Currently the 18 ema is crossing up through this level. So I dont believe we'll get a 4185 retest .
Disclosure: I bought puts against the bearish 3x financial etf $faz..
looking at this potential bearish set up on the 1hr time frame of SPX500 futures. I see a potential rise to D leg, which would be another retest of $4300.. Do we breakout from this level, or retrace back to X leg of $4185. Double check your Elliot waves . Long to D leg
monitoring the bearish butterfly pattern set up on $labd.. I'm looking for the previous resistances to act as support. If both levels fail, then the bearish butterfly pattern looks to be confirm, and I will short to C leg.
Looking at the WWE I see a Monthly Breakout to $81.75. The AD is approaching a past resistances level, and looking to cross over which would lead to a movement higher. Essentially there is bullish money coming, and News to follow
Observing Gold's weekly chart, It now appears its in a rounding Top/ Bearish Inverted Cup and Handle Pattern. In Addition to that It also appears we're possibly in the 4th wave up leading into the 5th wave, which is a retest of the C leg which I have at around $1889/1890. A rejection of this level also gives The 5th wave down the Right Shoulder to the bearish...