Hi traders, Bitcoin continued the downmove and started a correction up. So I would wait for this pair to finish the correction into the 4H FVG and after that sell again to 36K. The possibility of the next impulsive wave up is invalidated for me because the second wave was a triangle (only in a correction). But let's see what the market does and react. Trade...
Hi traders, Last week XAUUSD went down very slowly. This could be the end of a triangle. So for next week we could see this pair go lower again to continue the last wave C to complete the bigger (black) ABC correction down. Let's see what price does and react. Trade idea: trade sells after a change in orderflow to bearish. If you want to learn more about...
What we are currently observing on the Bitcoin chart is a short-term correction phase within a larger cyclic impulse movement. It appears that wave 2 < wave 1 < wave 5 is forming. Specifically, wave 2 has seen the completion of wave A and potentially wave B of its corrective movement. Therefore, we are waiting to see how the formation of wave C unfolds. This...
Hi traders, Last week SPX500USD went up a little more and now it's making a small correction. So next week we could see this pair go up again after it finished the correction. Trade idea: trade buys after the finish of the small correction down and a shift in orderflow to bullish. If you want to learn more about trading with supply and demand and wave...
Hi traders, Last week EU finishend the correction up, rejected from the 4H FVG and made the move lower just like I said last week. I've adjusted the wavecount because I think the last correction was an X-wave instead of wave 2. Next week we could see this pair go lower to continue the grey Y-leg. Trade idea: Trade sells after a change in orderflow to bearish...
I believe wave C should extend to the gray zone, where I'll be looking for reveral patterns. If we break below the previous low at 0.555, the count invalidates.
Here is the weekend analysis on Gold (XAUUSD) for next week. It is a clear projection of what is mostly likely to happen on Gold from Monday. ANALYSIS: In monthly timeframe we see gold is still trading within the levels of static support and resistance. The monthly candlestick has maintained the bearish momentum. Based on wave count the market move has not yet...
Outlook for DJI on 3Days chart. I think lower-degree wave (4) has already been completed and the final wave (5) has started. At the same time wave (5) completes, Upper-degree wave (b) will complete. next phase is upper-degree wave (c). It will probably crash.
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
XAUUSD, Elliott wave analysis. Outlook for XAUUSD on the 3Days chart. We are probably in sub-wave (B) of wave Y. I think the sub-waves of wave (B) might form a Triangle on resistance line. If it can break through a resistance line, it will probably become bearish. If this scenario is correct, the corrective wave will continue for a while.
BTC 1H after it made 5 waves down and go up for correction ABC as W I see now we are about to see pullback for X then going up again to Finish WXY correction.
detailed ELLONGATED ZIGZAG NIFTY 50 Formed on Nifty 1 hr chart (4OCT, 1HR, ELONGATED)
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Impulsive wave can develope in different manners. Here is how i see it currently. At least i can separate it in two different potential patterns. This wave can either complete the wave C of a larger zig zag, or this is only the wave 1 of the macro wave 3 that will lead us to over 100 000 per BTC. Send it
Bitcoin still have a lot support lines to cross. In current direction first propable price of reverse is at 34 000usd . But based on previous pre-halving periods i assume that before hossa there will be panic, and going below 34k is good example of that. Next major line which affect bitcoin since beggining of 2021 meaning 30 600usd , fibo 0.5 level and SMA 200...
This idea is solely based on price action combined with elliot wave analysis. The sharing shall not be treated as financial advise. Trade at your own risk.
In the 1H timeframe, I expect another leg up for blue wave 5. This is valid as long as blue wave 1 stays intact. This will form black wave 3 or C.