Looking at a possible Elliott Triangle Wave 4, with key supports at 67125.40 and 66317.75. Price needs to stay above 65541.11 for impulse wave off 56547.64 to remain intact. Key resistance at 70623.35, 71939.10, 72756.63, and ATH 73757.39.
Hello friends In digital currency Cardano(ADA) we are witnessing the formation of a 5-wave Elliott pattern. Waves 1, 2 and 3 have been formed and completed. Wave 4 is forming. According to the formed pattern, we are probably facing a triangle, which is very common in wave 4. Therefore, to complete this pattern, we expect to have a growth up to the range of 05000...
Looking at the daily chart on the Kiwi, we can clearly see a five-wave advance followed by a three wave decline that retraced 78.6% of the rise, and where the C wave is equal to the A wave in length. Whether the two waves are numbered 1-2 or A-B, the odds now favour another 5-wave advance from the previous lows targeting 0.6320/0.6440 at least. A break back below...
As per this count, currently the price seems to be in wave (v) of circled black wave iii. Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high. 1.618 extension of circled black wave i at 3259.60 could be used as a potential target WIll update the chart as price develops further. Thanks for reading!
- This is the updated count of Gold - Price recovered from the swing low and it necessitate a recount. - Currently expect correction higher for Wave 2 - This will coincide with Friday and end of the month. Those days usually find strong buyers.
Nvidia has formed a macro elliot wave pattern, Bitcoins chart fractal overlay displays similar macro peaks and valleys.
Short Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave ((a)) ended at...
Dxy currently expanding into the 4th leg of the macro bearish Elliot wave Looking for distro within the green lines then retrace down for the last drop down to the 5th leg Elliot wave combined with harmonics perspective Dxy expansion means Usdxxx pairs are bullish Xxxusd pairs are bearish (yes that includes crypto ;) Then once dxy makes the lower high it...
ZIG has so many confluences to long from here. 1. Breakout from Head and Shoulders on 1D Time Frame done. 2. Market Structure is super bullish. 3. Higher Lows retest done. Now let us fly together on same boat.
Eth currently still playing the range and is in the distribution phase leading into a retracement 2 routes 1 . She pulls down around 50 to 618 % of the current range she made to then go higher :light blue route 2. She retraces down to collect the equal lows then accumulates to expand to make higher high : dark blue route And for dxy correlation… Dxy is...
- Wave 2 is drawing it's final leg C to complete a flat - We can expect move a little bit higher from here and then sharp turn for Wave 3 down - It's ok to short this rally
Gray waves 1 and 2 seem to be over, with gray 2 setting a bottom at 0.004746. The new uptrend is looking like a leading diagonal, and the gray zone could provide support to end blue 4 and begin blue 5. This gray level is where I´ll look for reversal patterns in smaller timeframes, for long trades.
FX:XAUUSD is updating the low and forming a false break of support. Fundamental and technical background is negative. A quick retest of 2328 may lead to a fall, but there is NEWS ahead! Before the news, gold goes into a local flat 2360 - 2330. The market is gathering potential and liquidity before the news. GDP and Initial Jobless Claims are ahead. This time...
XAUUSD probably trending down toward wave (b) yellow of expanding flat (a)(b)(c)(yellow) in wave in b (blue circled). Probably a "good news" for gold on this coming Friday Core PCE Price Index.
EURUSD possible wave 4 in progress as a triple three which should drive the price lower toward the Bullish OB and Fair value Gap (FVG) Invalid on chart . Good LUck
FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one...
EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in...
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...