syedhamza2135

syedhamza2135

**Overview:** In the wake of our recent Bitcoin bull rally projection, a critical juncture required close monitoring. The latest chart update suggests that while a short-term correction is anticipated, the overall bullish sentiment for Bitcoin remains intact. **Key Insights:** 1. **Critical Point Monitoring:** - In the previous Bitcoin post, a chart update...

syedhamza2135

**Insights Unveiled:** Embarking on a comprehensive journey through NASDAQ's post-2008 bull market, specifically honing in on the unfolding 5th wave and its intriguing ending diagonal dynamics. As we approach the conclusion of wave 3, it's time to delve into potential short-term opportunities on the horizon. **Cracking the 5th Wave Code:** 1. **Wave 1 &...

syedhamza2135 Updated 

The Wave structure shown in the above chart is my main wave count for BTC for time being. I am expecting upward rally to continue. The chart is self explanatory. On lower time frame, Wave 1 (not shown in chart) started from the low where the corrective wave count ended. I am expecting we are still in wave 3 on LTF despite being bearish for past ~45...

syedhamza2135 Updated 

The wave breakdown of the current bullish move has been drawn in the chart. As we all know this wave breakdown is of the 5th Wave of Diagonal which I can see to be most likely an Ending one instead of Leading. In any case, once the upward trend has finished its course in upcoming weeks, we can very well see a medium to big bear market taking over starting from ...

syedhamza2135

The recent Bullish Move caught many by surprise. And people have their hands dipped in longs, but the overall market structure says otherwise. If we were to go into Bull market, we should have done so a couple weeks ago. Instead the supposed correction turned into Leading diagonal. I was not expecting the Wave B of our flat to retrace this low, but it did. You...

syedhamza2135

In the previous Dow Jones analysis I shared some weeks ago, I was expecting market to continue its bullish move more than what it did. But since I bought near local low at that time, I was able to get out of that trade in profit. The market then formed Triangle pattern and decided to go downhill from there which we have been seeing recently. Last Friday, I was...

syedhamza2135 Updated 

I have been keeping a close eye on Dow Jones ever since it was about to finish its Wave 3 which I mentioned in my previous analysis stating that the correction is incoming. Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals. I have mentioned my primary Wave and Sub-Wave...

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I have been waiting for the short entry for quiet sometime on US30. I was expecting it to fall down yesterday after completing the wave structure, but it was not able to hit the minimum upward target of Expanding Diagonals we are seeing in our last wave. I am expecting US30 to move upward 1 last time from here followed by the downward correction which can last...

syedhamza2135 Updated 

For quiet some time, I have been looking for short opportunity on $BINANCE:BTCUSDT. I am aware that the Bears are going to catch everyone by surprise. For sometime, even before my Long trade 5 days ago, I have been looking at this scenario on BTC and wondering what if, the upward correction did not start 5 days ago, rather it started quiet a while ago as an ABC...

syedhamza2135 Updated 

In the above chart, I have shown the Converging Diagonals which started in mid of April and are the start of a bigger downward move. Wave 2 of this diagonal consisted of Triangular Waves while Wave 4 consisted of Zig-Zag . The last Wave 5 of this downward move is a bit complex amid the yesterday's FOMC and CPI the day before yesterday. It turned into...

syedhamza2135

In my previous post on US30, I analyzed and talked about the upcoming Bullish Move which has been going on for the past couple weeks. Although, it seems this bullish move do not consist of Elliot Impulse Waves , instead it consist of Corrective Waves . The Converging Diagonals shown in the chart are showing that the upward Wave W , which started from 25th...

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In my previous OANDA:XAUUSD analysis, I talked about the upcoming correction waves and traded the Wave A of correction myself. Later on, for the past 2 weeks, the Price action on Gold was messy with no clear indication so I have been waiting for the Wave B to complete since then. Now it seems, the Wave B is near completion, maybe by tomorrow. The ...

syedhamza2135 Updated 

I am currently following the following weekly outlook on OANDA:US30USD according to my simple ABC zig-zag wave pattern. So far, the sentiments and conditions are in its favor. I have broken down the last weeks price action into Elliot Waves which is shown in the charts below. First of all, the upward Impulsive move which started in mid March consisting...

syedhamza2135

With the recent Ending Diagonals on OANDA:XAUUSD as shown in the chart below, Gold is currently starting the Correction of Wave A/1 of downward movement which started in the first week of May. On Various brokers, the price went beyond making new ATH almost a month ago. But in my opinion, that was just SL hunting done by whales to squeeze out the...

syedhamza2135 Updated 

When you have filled your bags and are waiting for Bull Run, market will grab you by your bags and crush your 2Bit Coins. The wave count shown in the chart above is my main wave count for Bitcoin right now, the sub-wave structure of wave 4 from my previous analysis is updated and by the looks of it, bitcoin seems to be in a complex correction, which is only...

syedhamza2135

In my previous Gold Analysis a couple months ago, I talked about the market structure of Gold which is indicating a big downward move soon. So far, the market structure has failed to give any bullish signs while the bearish probability has been increasing in the meantime. The wave count shown in the chart is my primary count for Gold. Bulls are almost exhausted...

syedhamza2135 Updated 

Since Nov,22 GOLD has been running upward like rabbit getting everyone's attention. But these big hops are not going to last much longer, and eventually the rabbit is going to go down to its black hole in ground. The market always completes its cycle, and let me break the bad news, the cycle is not over yet. The chart shows my main wave structure on Gold. The...

syedhamza2135 Updated 

The chart displayed contains my main wave count for the upward move in US30 so far since its local bottom. The upward rally was rather swift with high momentum consisting of WXYXZ waves. The Z wave which ended recently almost 2 weeks ago consisted of a normal ending diagonals 12345 as mentioned followed by decrease in prices. Now according to the current...