The bull run target is +1000$ in my opinion. The stoploss/ cancelation is <12$
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH...
We see Wave 1 and 2 both are completed and Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory, Now forms the Wave 3 the Most awaited the most powerful the most wanted and important wave for every trader, This Wave 3 has the maximum potential. According to the Elliott Wave Theory these are the Extended Fibonacci...
I'm considering the current downtrend to be the correction from 2171.30 to 4093.92 (black Fibs). 61.8% (2905.75) is offering solid support. Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone. My preffered path for a reversal is shown in the orange arrows - a test of green support, with...
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
Hello there, I think the rally for some Alts will be stop soon. Here, me thought tell me that we stop at 1.20-1.25 at a big resistence. The third waves is completed here. After, i expect a rebond on 0.618 Fib and the last Momentum ATH in 2023 : 0.55-0.60. The next target is the 5th waves at 2.80-2.90. I will follow this plan if the confirmation of beartrend...
BITU - channel resistant , short to target 28 where 4h demand exists. Not look for staying short too long on this one. It will eventually break the channel to the upside. Will update chart when long signal happens.
The yellow channel represents a rollover of the linear regression if we do not break all time highs. The top of the rollover channel was almost tapped today giving me confidence in the trade. I will remain short until either the weekly slow-stoch re-embeds above 80 or we break an all time high. If we get the roll over into the yellow-lined channel; then the...
This is a short call that I had forced the last wave up to be an "ending diagonal". The reason for doing so is because of the price-volume divergence that is shown on the daily timeframe when AMZN was making a new high. For those who are familiar with "Ending Diagonal", the imperfection will to be pointed out is" "Wave 1" did not show clear 3 waves. "Wave 2" is...
Target is around 59 k Double zig zag combination usually happens when a first zig zag is not as far and as deep as a healthy correction should be. Trading game, waiting game.
- Price of gold might fall in 5 waves to the downside for further correction to create wave C - This is not the main scenario but a possibility to be aware of
Monthly chart shows AMEX:FM was in a 17-year long WXY correction which bounced strongly at the 0.618 fib (common for a truncated last wave for long-term correction). The Daily shows that it has been nesting to the upside and is very close to breaking above the previous pivot. Once it breaks above, we can confirm that the correction has ended. Looking at...
Weekly Chart, so this May take a while. but it will be worth it! Short, at $255ish, Cover $219 or Lower. Juice with some PUTS, Lemon, ice gently Shaken, not Stirred yippee Ki-yay... Hombres A planet of playthings, we dance on the strings of powers we cannot perceive
Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
GMT is seeing some recovery in the last 2 days, but I see no reason to be bullish yet. I'm looking at an ending diagonal (green I-V), which would require one more leg down to complete blue wave 5 / black wave C. There is also no RSI divergence and no higher high. Overall, bears are still in control.