torgato92

torgato92

Even though we can count a clear 5 waves up for GBPUSD with a nice reaction at a cluster of Fibonacci levels, I believe that GBPUSD still hasn't finished its move up. 1) Elliot wave : On the 1h timeframe, the moves seems to have completed an extended wave 3 and therefore we still have to see the final wave 5. 2) RSI : We don't really see anything alarming...

torgato92

Even though it is too early to say that it has bottomed, we can clearly see a completed corrective pattern from the $0.75 all the way down to the $0.057 area. I am counting the move down as a complex correction or more specifically a double zigzag. Surely, the last leg down has clear 5 waves into it which in any case would call for a reversal. On top of that, we...

torgato92

In my opinion Ethereum has still some room up to go before completing a 5 waves short term structure. The $1650 level is where wave 3 will be 2.618*wave 1 and my target for the temporary end of this move. After that we should see a 50-61.8% retracement before resuming a very strong bull trend and sharp higher degree wave 3. I believe that we are about to start...

torgato92

At this juncture we can see a clear completed 5 waves structure for Google on the daily timeframe confirmed by a bullish divergence with the RSI. It would be nice to see the prices fall between the $89-$91 area where we can find a cluster of fibonacci's ratios. If prices manage to bounce back from this target or even slighter before, prices should at minimum...

torgato92

I can see a clear completed corrective pattern for EUR/USD and on top of that EUR/USD reached perfectly the target where wave W=Y and where wave C=1.618*A. Even though the structure is textbook what we expect from an Elliot wave point of view, it is still too early to say that the bearish trend has resumed until the prices manage to at least break the 0.99954...

torgato92

With the completion of 5 waves down for Tesla, I expect a turn around and for Tesla to easily reach the $258-$271 area. Tesla might have a bottom in place but first let's how it reacts to the 258-271 area. No matter if the long term vision is bearish ou bullish we should see Tesla reaching these levels comfortably . Of course, if Tesla ends up falling below...

torgato92

Long Opportunity on Ethereum. We seem to be in wave 4 that took the shape of a triangle in the hourly timeframe. If prices end up breaking the $1359 level, we could see prices travel easily to the 1411 target. However, if prices break through the $1334 level first, the idea will be invalidated and we will have to wait for another set up.

torgato92

Good Short opportunity. After getting rejected at the top of the parallel channel that contained all the rally of the NZD, the prices pushed in an impulsive manner before rallying and getting rejected from the 0.5-0.618. I see a good short opportunity in the short term with the target being 0.5555 and for the stops we could either be very agressif by placing a...

torgato92

XTZ could have ended what could be a leading diagonal followed by an expanded flat. The level at $6.549 should hold in order to allow for the beginning of wave ((3)) with a short-term target at $7.48 which be equal to 1.618*((1)) on a log scale. Most importantly the beginning of the supposed wave ((1)) at $6.349 should hold otherwise we should look for a...

torgato92

Elliot Wave : As we can see the rise from the end of September until the 10th of October completed a wave 1. Now we corrected with what looks like a combination pattern, and our wave 2 supposedly ended at 1.01 which is the 50% retracement of wave 1 on a log scale. The current pullback could be the retracement of wave 1 of a smaller degree, and should not go below...

torgato92

I am assuming that wave 2 just ended. There is a nice trade opportunity, with a stop right below the current 2 that would invalidate the count. Otherewise the first target would be 3=1 and the second target would be 3=1.618*1 on a log scale

torgato92

It seems that XTZ just finished its wave 2 on a 4h time frame that would lead to a snowball of waves 3. As you can see it looks like it completed à triple combination and wave 2 would end up perfectly at 78.6% of wave 1. Not only that but the last move would be perfect ratios too since Z would be 78.6% of Y and C would be 123.6% of A. For those that are not...