The impulse wave and megaphone on a higher candle TF is printing something similar on a smaller time frame, i pasted it down to scale for a better observation.
I think the 31st of march will determine trend direction based on if its going to play out the last part of the wave: the ABC leg down, see for reference the blue vertical line.
Weekend is notorious...
Expecting going down using Elliot Wave and possible double bottom.
Expecting sideway until around Week 2 or Week 3 January 2023, may happen market correction after this timeline.
Beware of gap or long candle that may expedite reversal.
Good luck.
Hi traders, NZDCHF is setting up for a downside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity, if price drop from the current area and break 0.55091 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this...
Hi traders, EURUSD is setting up for a downside move all area is mentioned were can price drop to the downside so look price action on mentioned area and look for short GOOD LUCK.
Hi traders, EURUSD is setting up for a downside move the best entry level is will be from the top. Price can drop from the current area is will GOOD LUCK.
This is one of my bluechip coins and has been for sometime. I miss the first move up and I don't intend to let that happen again.
Some big CT accounts are calling for sub 10$ prices. While I can understand the confluence, I still see a support well above that level. With the extended 3rd wave, I do see a good reason to bounce around the 19$ range. I see the...
hey, hope you are well
Based on this chart and what we can see, we are probably at the end of wave 1 structure. So, there is a high probability that we encounter a correction.
I believe if the Trigger line breaks, we can go short and reach our TPs.
Cheers.
This impulsive wave on weekly time frame for almost 4 years, started on 2018 of December, requires a price correction base on Elliott wave theory.
The 38.20% to 50% and up to 61.80% Fibonacci retracement of the impulsive wave is my expected drop of price, together with the 200MA pointing upward that will serve as support level.
Supporting this idea Death Cross...
We expect the market to complete the 3rd wave in the minor degree. Our fundamental outlook on the pair is bullish due to the expectations of the federal reserve to hike interest rates sooner because inflation levels are very high. The CHF is expected to be pressured as the global economy is improving since it's a safe heaven currency. The CHF we also be pressured...
I hate to say this considering I'm in ACH but it looks like ACH could continue its move down all the way down to the 786 at .062 before an eventual continuation upwards. That said I'm obviously hoping the bottom is currently in :) Would love to hear thoughts from you guys.
Based on the fib I think we can expect the ABC retracement to go down to the 786 at .49 for a continuation of the overall trend upwards. Love to hear thoughts on this.
Im new to Elliot Wave theory but if this layout is correct then are we headed toward an ugly multi year ABC corrective wave (bear market)? Let me know your thoughts
plssss like my idea plzzzzzzz
plssss like my idea plzzzzzzz
plssss like my idea plzzzzzzz
buy at current price
sell target = 12.100
again buy in dip = 9.800
sell target = 15$
We are both technical and fundamentally bullish on the Dollar after a positive print on the ISM manufacturing we expect expected that to put pressure on the FED to taper this upcoming FOMC. we expect CHF to be pressured in the coming trading sessions
With this analysis I applied:
1) ELLIOT WAVES
2) Fibonacci trendline extension
3) Lengthening theory
Why am I sure UTK is going to go up (together with other strong tokens)? For the following 4 reasons:
1) Stock RSI: Bollinger band indicator on the weekly flashed green.
2) Support/Resistance: UTK touched the current support multiple times during the past 3-4...
![UTKUSD: [UPDATE UTK] UTRUST is ready for 3$ or 5$! What do you think?](https://s3.tradingview.com/f/Ftm8IMTr_mid.png "[UPDATE UTK] UTRUST is ready for 3$ or 5$! What do you think?")
