NZDUSD is currently in major wave 2, which appears to be a WXY wave. Wave W was a Flat correction and Wave X was a simple ABC correction. We are now in wave Y and expecting a 535 zigzag. We are currently seeing the first 5 wave move lower and expecting a 3 wave pullback before seeing another 5 wave move lower. Trade Idea: - Watch for a 3 wave pullback...
CADJPY has been one of our favourites. It's been following the Elliott wave schematic perfectly. We posted a SHORT setup in October 2022, which played out perfectly. We are in a 5 wave impulse and currently on the 4th wave. We have one last move up before we complete the wave 4 ABC correction. Trade idea: - Watch for a break up of the current correction -...
Nasdaq is currently in its corrective phase. We can see that we've completed wave A and now we're in wave B. Wave B has 3 waves (subwaves abc) and we're currently in subwave c which is an ending diagonal. Trade idea: - Watch for a break of the ending diagonal - enter on break of diagonal with stops above price - Targets: 10500, 8500, taper thereafter...
USOIL is showing us a really nice ending diagonal, consisting of 5 waves subdivided into 3-3-3-3-3. We can see that we are now in the 5th wave so we can look for a reversal trade. The equation we are working with is the following: USDCAD inversely correlated to USOIL. Anticipating USD weakness during FED = USDCAD bearish = USOIL bullish We are anticipating...
We can see that Dogecoin is giving us a perfect example of an impulse. We are currently in wave 4 and looking for a breakout. For confirmation, we are waiting for the break of the red trendline. Trade Idea: - Watch for breakout using the red trendline as confirmation - price to stay above blue structure = invalidation level - Targets: 0.75, 1, swing target...
OMG doesn't look good at all. We can see that we're still within a major correction and we're on wave C. Right now there's no trades to be taken but we just thought we'd update you on the higher timeframe What do you guys think?
According to Elliott Waves, Ripple is now in wave 4 (ABC correction) and making an irregular Flat correction. We have completed waves A and B and we are now in wave C targeting the lows of wave A. Trade Idea: - Wait for the completion of wave C of wave 4 ( you can trade the final move ). - Invalidation level if we go below wave 1 high. - Targets: 1,3,4, HODL the...
FANTOM Weekly Timeframe : We have completed wave 2 correction and the bottom in IN. We can see a clear impulses on higher timeframe, Therefore, we are now bullish and looking to ride wave 3. Trade Idea: - Watch for the current correction to break out. - Invalidation level is below the bottom. - Targets: 0.97,1.47, 3.5, HODL the rest and manually close. Goodluck...
From looking at POLKADOT on a high timeframe, we can see that Polkadot has completed wave 2 PERFECTLY and the bottom is in. We are now looking to ride wave 3, we made one impulse to the upside and now we are correcting that move. See lower timeframe analysis for the breakdown. Trade idea: - Watch for the completion of the current correction - Enter at the...
From looking at Stellar, we can see the we are about to complete wave 2 which is an ABC correction. Wave C usually can break down into 5 waves, and we are now in the fifth wave. See lower timeframe analysis to see where we are. Trade Idea: - Watch for completion of wave 5 of wave C. - Watch for trendline break or BOS to enter - Targets: 0.33, 0.77 , 1 , HODL the...
Nasdaq has been really clean recently. Every move has made sense and now we have another trade setup for you with a clear invalidation level. We can see that we're in lower degree 3rd wave impulse and we're in subwave 1, which appears to be a leading diagonal. Right now we're working within a channel but there's a chance it may turn into an expanding diagonal,...
NZDJPY has recently completed its bullish wave and now we are in bearish territory. We can see that we're in wave 2, which is an ABC correction. We have a leading diagonal for Wave A which we've almost completed. We're looking for one more move up to complete the leading diagonal and then we'll be looking for a big SHORT. Trade Idea: - Watch for price to move...
From looking at BINANCE, we can see that we are still in wave 4 which is an ABC correction. We are now in wave B which is broken down into 3 subwaves. We've seen subwaves A and B and now in subwave C. See lower timeframe analysis for the breakdown. Trade Idea: - Watch for completion of subwave C (of Wave B) - Once complete, watch for C wave to make an impulse...
MANAUSD looks like a picture perfect impulse. We can see clear impulses and clear corrections. We can see that we've completed the 4th wave and now we're in the 5th wave. We are expecting 5 subwaves for the 5th wave and we can see that we're in subwave 2 now. The lower subwave 2 goes, the better (as long as we stay above blue structure)/ Trade Idea: - Watch for...
From looking at Vechain on a log chart, we can see that we're still within the ABC correction. in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic. We are now in wave 5 and we're expecting to see 5 clear waves down. An important thing to note is that in Elliott waves , wave 3 can never be the shortest. At the moment,...
CHAINLINK - Higher Timeframe Overview Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We are now in wave X. We need to see 3 clear waves...
2weekly chart of Ethereum We can see that we're currently in wave 3, subwave 4. Subwave 4 is looking like a WXY correction. Currently in wave X and expecting one more drop for wave Y. We're anticipating wave 4 to be finish above the blue structure, which is our wave 4 invalidation level. Trade Idea: - On lower timeframe, watch for an ABC completion for wave...
Bitcoin is moving according to our analysis. We identified that we were in an ABC correction and wave C has 5 waves. We have completed the 4th wave recently and now we're in the final 5th wave. We are expecting wave 5 to follow the impulse schematic of Elliott waves (5 wave impulse) but there's a chance we may make an ending diagonal so we should be cautious of...