Looks like we are coming down from the first phase of a grand elliott wave scheme. Only showing this chart here, object lesson applies to many but not all.
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the ((ii))-green wave has just concluded, and the ((iii))-green wave is currently unfolding to push lower. In the short term, the outlook indicates that the (i)-purple wave has recently completed in the form of an expanding diagonal, followed by the (ii)-purple wave...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the 4-red wave has concluded, and the 5-red wave may be poised to resume and push higher. In the short term, the outlook indicates that the (i)-purple wave has recently completed, and the (ii)-purple wave unfolded as an Expanded Flat correction, which has just ended....
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context indicates that the 1-red wave has recently concluded, and the 2-red wave is now unfolding to decrease further. In the short term, the outlook suggests that the (a)-purple wave has completed, and the (b)-purple wave is currently unfolding to push slightly lower. Following that,...
Hello traders, Bitcoin has made its first 5 waves, now it's time for the abc waves. This is the exact move I'm expecting in Bitcoin, traders. PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Thank you for considering my analysis and...
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
Looks like a correction almost done. There's also a chance for a truncated fifth or a double bottom here stopping at the VWAP: It all depends on how btc moves from here. In case of a new low I'd be looking at the lower 1.3x$ range: with the possibility of a liquidation event sending us towards the macro POC currently sub 1.20$.
AMEX:SPY April 28,2024 15 Minutes. For the fall 519.47 to 493.86 AMEX:SPY has retraced to 61.8% levels around 519.5 levels. Hence long only above 514-515 levels. For the rise from 493.86 to 509.88 AMEX:SPY need to hold around 500 levels. For the last rise 497.49 to 509.88 $ AMEX:SPY need to hold 502 levels. Therefore, a retrace to 500-502 levels will...
Reliance ready to retrace !!!! Reliance is ready to retrace as per elliot wave theory, we will see correction in coming days
By LTR I mean long term risk and that risk is managed at most (will definitely be less than) at the "wave structure violated" level marked in the idea. What makes this a great trade is because we have completed the sub-waves that would be needed for this to rally long term from here, they are harmonic and all within my trade plan, we have the deep retracement...
This count has primary wave 1 peaking in October 2007, wave 2 a zigzag down to March 2009 low, wave 3 peaking in September 2018, wave 4 an expanded flat bottoming in March 2020 (COVID-19 low), and wave 5 peaking in January 2022. This would complete a full impulse from ATL to ATH. After January 2022 (which would be wave 2 of largest degree), I have what looks like...
BUDZ is one week old on Uniswap V3. Launched on April 20 in a pair with Wrapped Ether on the Ethereum network, trading has been very successful for early buyers, but it also has been very sparse. With the presale investors still locked up in vesting period, there is very little to do on Uniswap but to buy. With low liquidity, it is not surprising that prices rise...
I call this "aggressive" because we dont have that typical deeper retracement (ABC corrective wave) here but a flat correction, which i have labelled WXY.
I Will Sell When BTC Touches 2YMA (Black Lines) And The PI-Cycle-Indicator Marks The Cycle-Top. Pi-Cycle-Top Will Trigger When The Red Line Crosses The Blue Blue. Is It That Simple? Why Not?
2024-04-22 Shiba BUDZ / Wrapped ETH in USD on Uniswap V3 Shiba BUDZ is touted as a rival to the popular Shiba Inu meme token, but with more functionality , such as gaming and DeFi. On April 19, 2024, Shiba BUDZ concluded its presale at the token price of 0.04745536 USD, with the initial stage price of $0.007. The following day (4/20) at 10:36 UTC, the token was...
According to the 4H chart, it seems that the price has completed the flat corrective pattern. According to the chart, it also seems that wave 1 was formed from the upward trend and we are currently in wave 2, which is probably forming an "abc" zigzag corrective pattern. Waves "a" and "b" of the zigzag pattern are complete, and for the end of wave "c", I have...
In a perfect world we continue to see a fractal growth of waves here, which could see a deep retracement lower here before any real strength comes in. Keep in mind the waves shown aren't claiming any price or time specifically, but instead require move lower in fractals/timeframes/zooming in to calculate the sub-waves of the move you're expecting at any given...