Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
Soon to come out of consolidation t1 ATH t2 1.618 level sl 0.786 level
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
© 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....
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...
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...
Here is the market outlook on Gold (XAUUSD) for the coming week from 29th of April to the 03rd of May. It is a clear projection of what is mostly likely to happen on Gold next week. ANALYSIS; In monthly timeframe there is increase in rejection compared to previous week. This is a clear indicator of increase in sellers at the current price level. Two trading days...
Reliance ready to retrace !!!! Reliance is ready to retrace as per elliot wave theory, we will see correction in coming days
Getting very close to its pullback target and aligns with seasonality guidelines nicely.
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
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Great R/R on this entry I like the potential for a typical "flat correction" here on a larger fractal wave, which i have labelled WXY and its subwaves all good enough to expect a completed 5 wave move (impulse) lower here, highlighted by the pink wave count.
This idea is showing a more standard full retracement ABC corrective wave. If you check my other buy ideas for Bitcoin you can see the system I created using EW for its foundation and a fractal growth for counting the waves in a specific manner. The fractal shift completes the bigger waves correction without actually pulling all the way back as you would...
I think this would be the max Bitcoin could drop right now without essentially becoming worthless or non-existent. We should be long here, the question is when and how...this would be the most extended targets for a fairly textbook EW ABC correction, clear into the 1.618 extension
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
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...
Possible count for a finished corrective at an interesting price point. Now, the only issue here is the impulse count of the last C-wave. There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that. The wave 5 here could also not be finished yet, but that's often...
I find the position of Bonds very precarious going into this week. I've heard it said that Bonds are are in total "hands off" mode or "anything but bonds" is said right now. Nobody wants them... and if they fall fast it could literally cause a "Bond Crisis." So this is going to be an important watch. In the shortest time frame I see a potential Leading...