Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave...
The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever. ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge! Bitcoin Lightning network is still not...
Gold most likely is forming a “regular” flat pattern ( where wave “B” “Cyan“ retrace > 90% of wave “A” “Cyan” And wave “C”” Cyan” about the same length of wave “B””Cyan”)... AND building its “base” with a “footing” @ around 1680.. “ The whole foundation “ of “the base” might take 2-3 years more to complete with “last piling “ @ around 1540. Before “ launching “...
- As per my Elliott wave technical analysis on the weekly chart - we can expect a retracement (ABC) in the immidiate short term. - But in the long term bitcoin dominance should go down and make a new lows. - We have a descending triangle , which is a bearish pattern (on the weekly chart). - If you are an Elliott wave trader, please submit your analysis below,...
- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement. - On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )! - If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish...
- As per my Elliott Wave analysis on the weekly scale, we have 2 impuls waves successfully completed and now we are missing the final impulse wave! - ABC correction (Wave 4) can be done, because wave 4 should not overlap the first wave. - 200 weekly moving average is currently acting as a very strong support! - Also the price is currently sitting on 0.786...
EURUSD is trading between the levels of 1,05-1,06 during the whole week. Right now, we don't really have any good trend trading opportunities. We're still looking for selling opportunities as our main idea. We are only selling if price breaks below the previous lows or if it pushes above 1.06 and then we see a reversal. We are not looking to enter any...
We are in this waves elliots ABC irregular flat. Same on ETH One push to the down and all in. 22/21/20k And we'll be rich.
Consider short-term trading on an hourly chart (1-2 weeks). After the figure of the head and shoulders took place, the price was to reach a height equal to the height of the "head". At the same time it is necessary to do it with force and confidence. But if it doesn't happen, then something is wrong. And the figure may already be wrong. And the figure may...
Silver has a Flat Coorection, and now is in the last leg, wave C and we are waiting the last sub wave 5 of C
WOW! sandusdt/D1 GREAT reaction on pitchfork where I was shown that there must be the end of the wave 5 . this wave 5 is the end of the wave c of flat pattern. the last analyze of sandusdt is on my profile you can see it ]:
- This is the weekly chart for ETH - analysis since the big covid crash in 2020. - Wave 1 and wave 3 created ascending channels during their move, so we should count it as waves 1 and 3. - It means that we should expect a last 5th big wave to the upside! - 0.618 FIB extension (wave 3 -> wave 4) is around 21 000 USDT. - ABC correction can be completed (wave 4)...
EURUSD keeps trading inside of a range and it reminds us of December, 2021 when we saw price trading sideways in a 100 pips move. After yesterday's moves, now we expect a breakout. It's still more likely to see a downside continuation but this is not the main pair that we trade. The important level right now is 1,0577 but we should also keep our stops above...
The range on EURUSD continues and we're still expecting a downside continuation. Today we have news for the USD and that could cause a breakout of that sideways move. Stops must be above 1,0641 and in case price breaks out of 1,0484 then we would look for 1,0400 and 1,0350 next.
Now it all down to one single scenario THE EXPANDED FLAT scenario!!
HI guys I'm here with a new analyze of The Sandbox coin Is forming a compound correction and the place of it is Wave 4 The first section of corrective phase is a Zigzag and the second one is a Flat Flat has 3 waves(a,b and c) that are shown in red in the box named Flat on chart The wave C of Flat has made of 5 elliot waves that 3 of it has formed and we will...
Mana currency is in a corrective structure that is Flat And the Uptrend lind is supporting it The correction is expected to end around 2 $ and start a bullish wave