Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next....
OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for...
Nifty Index Analysis for 7th June based on Elliot Wave Analysis
Bitcoin is currently $71,200, and is encountering resistance between $71,180 and $74,000. I used the Fib Time Zone tool, in combination with Elliot Waves to further clarify the beginning and the end of a bullish or a bearish trend. Coincidently, the time it took for the last two wave to play out was exactly the same (17 days). Bitcoin is in an uptrend at the...
#XAUUSD Timeframe 2H Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv ) Elliot Wave has many scenarios but this zone has high R/R for this case, it is invalid if Gold has the new low ( < 2314) if I am correct gold must break the green line and the Close price must stand above the yellow line. TP1...
Hello. BITSTAMP:BTCUSD The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank...
CRO just put in a bottom here, and I'm going to give you a full breakdown. First, we have a macro Accumulation finishing up the last stages right before the markup. These have been playing out with huge pumps on many of the other altcoins, and this time we caught it very close to the bottom. Next up, we have our Elliott Waves. CRO just finished retracing Wave...
Having entered the area of a wave (iv), and now exited the box to the upside to challenge the recent ATH, I have to consider the possibility we're headed towards the wave (v) target area to complete this primary wave 3. However, to be clear, below the ATH of $1158.19, we're still in wave (iv). This is visible in the below 1 hour chart. Nvidia will be...
Everyone talks about higher CPI when crude is up, but ignores it when prices drop. Right now, lower crude oil is actually helping to soften inflation and weaken the dollar. Keep an eye on the neckline around $70—but it might not be easy to break.
Hello dear friends, I hope you are doing well. It took a long time to identify the structure of this prolonged sideways movement. I watched many videos and referred to my notes, and this has been very helpful. The current wave structure in which Bitcoin is moving sideways is a flat pattern. This structure typically occurs in Wave 4 of Elliott Waves. What is a...
Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area...
Chart reached 70.25k and went bearish, staying in a state of sideways. This sideways form a triangle which broke below. Watching USD strength, there's a great chance that bitcoin will get even weaker making a bearish trend, but for safety, I don't recommend on selling. D1 timeframe shows that tuesday haves high chance to finish bullish, so if bearish happens, it...
With the dollar trending down and the VIX at low levels, we can then continue to expect the U.S. stock market to continue to rise. And, in fact, that is what we are witnessing as we close in on the blow-off top target of the Elliot Wave theory that has resonated with my instincts for these last 2 and a half years. We are currently in wave 5 and on our way to the...
Notcoin(NOT) is up more than +30% , as I expected in yesterday's post . According to the theory of Elliot waves , it seems that the main wave 5 has ended, and the confirmation sign of the end of wave 5 can be the breaking of the Uptrend line . I expect Notcoin(NOT) to correct at least -30% and fall into the support zone . Note: An important point...
Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...
Elliot Wave on recent bearish trend finished. High volume candles where left behind. Waiting for volume correction. Chart bounced on 300% E.W. fibo. . Fibo is between 2 and 4 peaks of E.W. Expecting to reach at least, cloose to the top of closest H volume candle.
XAUUSD plan for this week, now the market is going to make a wave 4 and then continuing to make a wave 5 to finnish ABC pattern from elliot wave I already put the fibbonaci area as you can see on the picture, and also you can be prepare that this structure have potential false break out, so lets wait and see