FX:EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive. The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not...
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
nothing to say its very clear! just wait for that body
Everything is clear, I just hope I counted correctly. The target time is late summer
1. Impuls: yes 12345+abc = short 1D 2. Trigger: no 3. Candle: no 4. Channel: bounced on the top 5. Resistance/Support: yes support its bounced 6. Trend: short 7. Brake out: no 8. Febo´s: correction near 50.0% 9. EW Impulse: yes 4H + 15M short 10. EMA 200 / SMA 50: since 2023-03-10 in correction 11. Pattern: yes - ABCD extension + bat short
Decentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We...
📈 Macro-Economic Fundamental Analysis 🌎 In the current global economic landscape, we see a mixed bag of indicators. The U.S. economy has shown resilience despite the Federal Reserve's ongoing interest rate hikes aimed at curbing inflation. Globally, geopolitical tensions and supply chain disruptions continue to create uncertainties. Despite these challenges,...
- Gold led the markets with correction to the downside starting on May 20 - The move was very strong and is a beginning of an impulse wave. - Gold corrected for 3 waves and I think is ready to resume move down - Wave 3 is usually the longest and the steepest. In this case it might be not because Wave 1 Was long and steep.
I expect such a move from him, I hope he is not mistaken
Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445. The pair extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The 1-hour chart below shows the subdivision...
TVC:DJI has formed 5 waves down in daily timeframe. Unless this 5 wave structure turn into a 7 or 11 wave (counter-trend) formation, this is likely a beginning of short term down-trend. Now, this down trend could play out in different ways, 2 of the most likely options are highlighted in the chart. This 5 wave decline could be a larger ABC (or WXY/WXYXZ) which...
The latest Elliott Wave analysis of the EURCHF suggests that the downtrend, which has persisted since 1973, might have come to an end. At the end of 2023, the price marked a significant low at 0.925. This development could signal an exciting trend reversal. A look at the Fibonacci Retracement shows that the 23.6% level serves as the minimum correction target....
GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This...
FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative. There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward...
In this chart we represent 4 hours daily, where around Sep 2024 BTC goes 6-10 fold. Price ranges of 300K - 500K.
Hey everyone! I'm back. Today, we're taking a look at Dogecoin. As you can see, there's a big-picture bullish cycle starting. This cycle is poised to make a lot of people very rich. Observing this ABC correction, it's completed and we're now beginning a breakout into a bullish market. This is just the beginning. Dalin Anderson
Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK...