Hi there, DOGEUSDT is currently ranging within a bearish zone for the potential completion of the (wxy) extension of ABC. So the price must drop before it goes up. Bullish interests are at 0.16251 for the continuation of the bigger blue BC wave. What needs Not to happen is the break of the (W) area. Let's make that 0.12331 because then the price will have the...
Hello there, USDJPY is trending Bullish at the H1, a minor bearish impulse is expected but a bullish break above 154.826 is the bullish interest. The needs to be a low greater than that level for the continuation of the uptrend and the bias is 155.393 with two price targets. Happy Trading, K.
Hello there, DOGEUSDT will pulse up towards the supply area and potentially turn bearish. The 0.15810 is the only level of interest for bearish momentum for a bias of 0.15030 with one price target. Close attention may be required below the bell level, and if the price goes above 0.16400, the setup will be invalid. Happy Trading, wishing you a fruitful week Khiwe.
Hello there, CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC. There is an open area at 0.58000 that could potentially influence the price to drop further. In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way...
Hello there, XAUUSD seems to be following an ABC bearish sequence, reaching support at 2297. A drop below 2304.183–2297.093 will continue the bearish momentum to the 2280 and 2274.994 lows. Happy Trading, K.
Hello there, GBPJPY has the potential to reverse the bearish momentum to an uptrend. The bullish directional bias is 192.431 with two price targets. If the price goes below 190.322 then that will invalidate the setup. Happy trading, K.
Hi there, Let's take a look at BTCUSD with a simpler approach with an interest in discovering the price action at significant support and resistance areas by using the Elliot wave. Wave 5 is subjectively Wave 3, and Wave 3 follows a bearish ABC pattern to form Wave 4. We have (A), which is above 4, and (B), which is lower than 5, making a lower high. Then the...
Good Day, XAUUSD is ranging around the 2379 area. The trajectory is theoretically bullish according to an Elliot wave count from 2320 to the higher low of 2356.193. However, this is a high-risk setup due to candle-high pins. There is a risk for the price to spike down and then move up, or move up to 2414 and then turn bearish. Also, the price can suddenly and...
Good day, GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area. However, there will need to be some attention in that area, as the price may drop to break (Y). The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern. 1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...
Hello there, BTCUSD drops for a potential bullish pullback; the 63263 area is a key reversal area for bulls, and the targets are 67863 and 70000 for a bias of 71415. Now, the 60000 is a strong support area, so if (Y) is broken, the bearish momentum would overcome the bulls and that will invalidate the setup. Happy Trading, K.
Good day, EURJPY has the potential to pulse up and drop at the H1, and bearish interest is more below this level (164.710). The price movement followed the ABC price sequence with the H-L-HH SND pattern, and with the waves maxing out, a drop is possible to go below the lower low. The bias is 163.713 to the low of 164.700, with two potential price targets. And...
Hi There, The price of the ETHUSDT has dropped to 3300 and looks set to drop further to around 3100. A possible rebound is expected based on the low point of April 12, 2024, and the key level to watch is 3201.30 for a potential uptrend. There is a significant bearish trend on the Daily timeframe, and if the price falls below 2958.03 then the setup will be...
Hello There, The AUDUSD is on a bearish trend, holding steady around the 0.64500 supply area. The latest candle is showing some bullish movement above 0.64095, but a drop below this level could signal further bearish action. There are two price targets with a bias of 0.62883 as daily momentum suggests yet still more downward momentum. Happy Trading, K.
Hello there, Following the RBD, DBR, and LH, the EURUSD seems to want to push higher to 1.1 from the low of 1.07670. Candle Structure : The current candle opened bullish to the high of the third candle, a third candle that has a low above the high of 1.07878 of the April 1st 24 candle. Summary : So we have a strong bullish candle structure but a weak bullish...
Hello There, BTCUSD pulses up the hourly chart, but we aim for a pullback, and the levels 67851.6 and 67087.4 will be the areas of interest for bearish momentum with a bias of 63694.5 for the completion of the BC leg to AB. Happy Trading, K.
Hello There, The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of 0.5173. However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback. The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened...
Hello there, Solana is losing bullish momentum at the 183.00 area. This isn't a clear price movement for now; either we see a drop near 177.83 and 180.71 will be the level of interest, or a break above 183.63 will signal a bullish continuation. For now, area 4 remains subjective until 177.83 clears out, making it Elliot Wave 2 to my count. Overall, the price is...
Hi there, CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area. And a potential drop from 21.00 could follow to 15.00. If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will...