I am very interested in the metaverse. In this post, I list the 1.618 fib extension level, which, should be the peak of the next bull run. Accumulation time is in.
after the completion of wave 5, there is an ABC correction followed by a strong impulse
Daily Chart On daily timeframe, JP Morgan Chase & Co ( NYSE:JPM ) has broken and retested the support around $144. That means price will go up after retest completed. I expect JPM can go up to $160 that level very fit with Fibo Extension Tool (1.618 Re) Wait and see next move
The reasons why to sell * Verified Resistance *Double Top on our rising wedge *we see a clear breakout of our support *Elliot Impulsive Pattern NB: We wait for current candle to close in bearish so we can start dropping hard to complete wave 4 to our green Support. 👌 What do you guys think? Let's dicuss if you have different views about this idea 💡 Apply proper...
BITSTAMP:BTCUSD continues to form a global ascending price channel. The actual counter-trend correction at the moment does not indicate any change of trend, an adequate reaction to the strong resistance area formed back in 2021 is being formed. The price on the daily chart is forming a local support line 28850, a pre-breakdown consolidation and false...
Elliott Wave Analysis EURCAD Details on the chart
A complete 5 wave down cycle was identified on the M30 chart of LRCUSDT.P. There was an impulse in a bullish A wave with a recent retracement in a B wave. Going long using entry/exit levels that are marked on the chart.
Elliott Wave Analysis EURCAD Details on the chart
This idea is based on Elliott and the reactions of micro waves against Fibonacci - if it cannot break the DA triangle at the price of $100, Bitcoin will fall to $1000.
AMEX:SPY August 5, 2023 AI expected AMEX:SPY went towards 445 levels being top of gap 12th July. It also s 50% retracement value for the rise 431.19 to 459.4. We can assume this to be wave 5 too. While hitting 452.89 as top of wave 4 in this move the oscillator 5,35 made a retracement of more than 140% from wave 3 low. Hence i expect a small bounce and...
The current price action is aiming the next demand zone as shown on this 30m chart. That impulse bearish movement, as expected, based on Elliot Principle, is about to happen. Bearish divergence on Chaikin Money Flow.
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 have been posting more on my other accounts, tbh fyi. XRP update. Could not break .6732 and respecting PF so looking lower for now. .6732, bulls have to flip...
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.
Possible scenarios for what could be good entry points and TP zones for BTC in the future
I won't spend to much time on this today as I have been talking about this type of retrace for awhile now. We have had our A-B and have begun our C wave lower today. This type of decline is known for this kind of strength. Yes there are a ton of things going on in the geo-political world that one can attribute to this decline. I would NOT be among those critical...
Night before last we tagged the 1.0 in the overnights. This is a very normal end point for C waves. After we hit the 1.0, we began to retrace higher. So far that pattern appears to be corrective, however I've been fooled before. Today/Monday will be very important in determining if we move up for a last wave 5 or we tank due to being in a C wave. As you can see...
On the H1 chart of GALAUSDT.P it seems that the price has completed a 5 wave down cycle and created an impulse bullish A wave. There was as price correction in B wave that creates an attractive entry point for further bullish move.
On the M30 chart of OMGUSDT.P a there is high probability of 5 Elliott down cycle completion with multiple bullish divergences on the AO indicator. Going long with targets in ABC zigzag.