Today went pretty much how I thought it would go. We rose to the $217 area and then started to move back down. If you were following along today, you know that was most likely the a wave and start of b wave. It is possible that was all of iv but doubtful. I expect us to drop to around the $207-$209 area before popping back up for our C wave of iv. If this plays...
After (or maybe) finished the correction wave ABC, XAUUSD will be continue going up? I'm not sure about that, but when I view the chart, It's potential for a short scalping setup now on. What do you think? Can you share with me your view and let me know if you have any question.
I have three 1/2's, the most recent one (in yellow ellipse) with an expanding leading diagonal 1 followed by a zigzag 2 (truncated C of zigzag). WXY correction in red ellipse, ABC expanded flat correction in orange ellipse. Overall, this is a very bullish chart.
i am flipping to bullish perspective if we develop the 5th wave. My macro SNP 500 is gravely bearish chart . And my bias was that it will pull Tesla down with it. However, Tesla dropped in what it seems 3 wave move, and now if we make small impulse here, it will change my opinion about shorting the TSLA stocks.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the higher time frame. In the lower time frame, we might first see some more upside before turning down.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the higher time frame. In the lower time frame, we might first see some more upside before turning down.
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
For the past decade plus all the way to 2021, Bitcoin carved out a massive impulse for the ages. Starting from nothing and ending around $70,000. Alas, all good things come to an end. While their are certainly bullish cases to be made, this count is in actuality, the most bullish. Although people won't accept it for that. The count assumes a cycle degree wave 1...
In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a...
In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the...
On the chart, there are a couple of developments that I want to point out to draw a bearish scenario: 1. Cutting of trendline with 2 days of heavy volume. 2. MACD turning down below the 0 line and cutting the signal line. My analysis is based on my Elliott Wave Counts and also on study of a few underlying stocks like AMZN, TSLA, and NVDA (the more obvious bearish...
...I cannot rule-out one final macro-decline wave towards support area 25-20. I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) projected from wave (4) and near first key resistance zone of 1.764%...
The rally from $1824 appears to be an Elliott Wave impulse pattern. As a result, a decline back to $1936 or even $1892 would be considered 'normal' under Elliott Wave Theory. The decline likely hold below the recent high of $2009, but it doesn't have to. If Gold does rally above $2009, then we'll review the wave pattern to discern what adjustments are...
Hi guys, BTC went lower than I was expecting on my previous analysis ( under 19.300$ ) but recovered and is currently trading over the 20k $ levels. As long as we manage to keep this level we are still on our way to surpass 100k in the next 6 to 8 months. Invalidation level remains a weekly close under 19.300$. Happy hunting !
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.
EURUSD had some nice bounce in the last 24 hours, back to 1.07 which is now acting as a very strong resistance. We also highlighted this one in our website here on TV. I would not be surprised if the pair comes down actually, bakc to 2023 lows since it's very hard to trust Monday flows, plus, we will rarely see directional moves ahead of key events the ECB this...
While lagging indicators are cooling off (RSI/MACD on Weekly) it remains to be proven if AVGO makes it further up or swing failures the highs. Overall, I am looking to take a short from the upper zone if given. Could she dump from right where she is? In theory yes, but in that case my count(s) are wrong.
A humble attempt to preempt the running flat based on moving averages dynamics (not shown on the chart).