(Possible) temporary top looks in. Bulls (in green) looking at zigzag to complete wave 4. Bears (in red) looking for formal impulse wave down.
XOM near ATH. With Bearish Divergence on the Monthly, I’m expecting a break out and rejection. Once the shooting star candle forms on the weekly, enter below the close with a 5M time horizon. I’m eyeing the 105P or 100P for September. Judging by Volume and Open Interest, I’m expecting a large move down in conjunction of an economic event.
Impulse is done, so here we go for a big fall... How big the fall will be? Well, it depends on what has been completed by the done impulse...
The chart for costco is setting up nicely . A bounce from the lower range of the falling wedge and a 5th wave pivot. Going long and targetting 782
Hi everyone! The CRYPTOCAP:EGLD price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point, CRYPTOCAP:EGLD is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35....
Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Wow, what a mess. The clearest thing I can see here is a ZZ pointing up and a move that retraced back beyond its origin. Didn't squirt hard enough, it seems. An impulse down would be ideal, or could go sideways.
We are currently in a 5th Wave of a GOLD cycle on the weekly timeframe. This 5th wave is what we see currently developing as a potential ENDING DIAGONAL If we are able to see a strong reversal pattern from where price currently is, that may be the beginning of the 4th wave of the ENDING DIAGONAL
The show must go on. For gold, we are witnessing further all-time highs. However, we also expect a reversal soon because we don't have much room or options upwards unless we've made a significant miscalculation. We are considering the level between 161.8% and 227.2% as the maximum for the subordinate Wave (iii) we are currently in. We are still working to complete...
The trade is developing very nicely according to my previous idea. I´m looking for retracements to add new positions along the way. Retracements may happen soon as we broke structure (taken out previous lows) and are getting into oversold territory.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Nice clean count so far, especially the ZZ in there. 👀 Looking for that Wave 4 and 5, and reversal.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Looking like an impulse coming in. The move down is funky, but the 3 wave up is clear. PF is holding it down. 2.9793 is the official pivot bulls want to hold. 3.29 break from here may change thoughts.
FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is...
FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly. Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is...
Final last wave of wave 3 is at completion stage, Wave four correction follows
GETTEX:NSE : NIFTY NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement. Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4. when waves 1 and 3 neither of them are extended and wave 4...
PEPPERSTONE:XAUUSD Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration. Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post. In this scenario, when...