Hi traders, Last week SPX500USD dropped. It turned out to be a leading diagonal and after a correction up it dropped to finish (orange) wave 5 just like I said last week. For next week we could see a bigger correction up but wait for a change in orderflow to bullish first. Let's see what price does next week and react. At the moment there are no trading...
Hi traders, Last week EU finished the bigger correction. It turned out that the B-wave was the triangle and after the last C-wave, it made an impulsive move down for wave 1 of (orange) C. So next week we could see another move to the downside. Trade idea: Trade sells after a correction up and a LTF change in orderflow to bearish. Let's see what the price...
Hello Traders, The NIFTY50 made another lower low at 18837.85 on Friday's session. This was my mentioned argument for the reminder of the week. I counted the waves as a wave (3) @ 18337.85 and a wave (4) in progress or completed. So another low would be in the cards for the coming trading days! An open target area according to my latest analysis is at or around @...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! I am seeing an impulse down. Is it a completed corrective structure, or a signal for some more retracement?
As we assume the current wave of the price, is the wave C; then the targets for this wave could be the levels that have been shown on the figure. The current bottom will probably broken.
On Week Chart Fetch.AI is happening the fifth wave that's begun from 0.53 I expect this target will hit 1.53x by 1.382 Fib Re at 0.61 However, Fetch.AI has resistance ahead Wait for next move
The US Consumer Confidence Index (USCCI) does not look so good. Consumers (normal people) are feeling anxious about their future, and they have good reasons for that. The Bull Market did not last long after the Covid Pandemic and people don't feel optimistic about their future spending or wealth. If you don't know what the CCI is, no worries, I will briefly...
This is an SPX chart from 1872. A 150 year old chart. As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart. There's only one thing I can say: "SNP500 is preparing for a BIG Drop, a Market Crash". My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action...
Gold looks very bullish, long-term. Wave 5's tend to be the most extended. I have gold in the primary wave 5, with subwave 1 and 2 complete. If price action from years 1976-1980 are a guide (orange ellipse), gold should top above 8k this decade. Bullish on gold above 1810.58
I have expanding leading diagonal 1 (yellow ellipse), zigzag 2 (with truncated C), impulse 3, regular flat 4, looking for impulse 5 to ideally go to the 41.5k-45k range before a sizable pullback (pullback to stay above 31046.25).
I decide to share my 95% successful plan since 1 year... Be happy my friend force me to do it !
We had a solid impulsive movement on CYBER, which seems to be entering a correction phase. This would be wave 1 or A, and I'll wait for a correction before looking for long trades.
#XAUUSD Elliott analysis of gold in 4 hours time, and according to the funds that arrived from the war, the intensity of the upward movement increased. Personally, I was waiting for the trigger buy since 1830, which gave and took the trigger, but I really did not expect such intensity. I think gold has entered the 3rd wave of a long-term kinetic trend, and we...
I think gold finish the wave 1 and start a correction wave 2
We are in the 5th Wave within a C wave correction drawing to the end of wave 4. This will be sharp. According to Fibonacci extension we will look to end at 100% and a entrancement of Wave 3 to 78.6% both leading to 0.5349. My trade will be TP 0.5355 SL 0.551. DYOR, this is not financial advise and Good Luck!
XAUUSD Price Could reach 2055-2065 ( which is long term downtrend line since August 2020 High) by first few days of November.
Hello, traders. In my opinion, the Tether index should have another rise in the monthly time frame to finish the 5th wave. For this reason, the current increase in the value of Bitcoin is temporary and will eventually reach 40,000. Then again, there will be bloody days ahead for Bitcoin and other cryptocurrencies until the USDT.D Elliott Waves end. Goodbye
Tata Steel - Elliott Wave Count Based on Elliott Wave analysis, it appears that Tata Steel has recently completed Wave B and has now started Wave C. The stock is expected to decline further, with the downside target being in the 80 range. This indicates that the stock may be a good candidate for short selling or for investors looking to buy at a lower price...