LT can go up in wave 5, has correction wave ABC looks completed, but there can also be a further possibility complex correction WXY, but still stock looks good to buy in cash for short term, proper risk management is also imp. Which plays any crucial role while trading/investing.
When the charts looked ugly it was a historic buying moment. Amzn fell to the classic fib levels and the sharp edges of the market stepped in. When the set up looks juicey though... the herd rushes to pile in. Excited to see this one play out.
- We finished correction of wave C with Contracting Diagonal - Now we're observing wave 1 to the upside ongoing - This is the beginning of impulsive move to the upside.
Hello there, Long time ago. ENJ IDEA. We have a big support here, 0.2777 Fib. We are in consolidation for BTC ATM. This consolidation send enj to the 4th waves on the principe of Elliot Waves. For me it's a good Opportunity ! A drop at 0.25 still possible. Market maker love it. Since the top, Enj has fallen 60%. Good luck !
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
A leading diagonal has absorbed all the previous attempts to spot downward impulse waves on minute timeframes. Most likely we are in for a small bounce or sideways action before the plunge. Since I am expecting an expanding diagonal, I label subwaves as nested abc zigzag within wxy double zigzag. I have a rule that expanding diagonals can be made of double...
We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line. Should a correction take place in the coming months, price should at least...
IN the 4h timeframe, price is making a flat correction (ABC) and I expect support in the blue zone for continued uptrend. The blue zone represents a convergence of previous support zones and 50% pullback from the impulsive wave.
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M Details: The short-term outlook suggests that the recent completion of the 1-red wave and the initiation of the 2-red wave are underway, and it appears that the latter has just concluded. Maintaining price above the support level at 92.93 would be an initial advantage for this perspective. However,...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave 4-red appears to have ended, allowing wave 5-red to unfold upwards. The short-term outlook suggests that Bitcoin has just completed wave (i)-purple, and wave (ii)-purple is unfolding to push lower, targeting support around 60889-59844, before the third wave...
FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the...
Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!
Topglove just broke 233 EMA again, it has been ping-poing @ Daily @ 233 EMA (white MA line) for long enough to build "base/acculmatulation " in wave 2 (yellow) Time To fly!
Third phase of voting over, whispers, Satta markets, headlines, forwarding views, diagonal interpretations, everyone jumping their own narrative, hopes getting to fears, fears turning to dreams, each one building his own castle. However, market has only to unfold one story. That story is never a sudden, it is woven. What is that one has to look deeper now and...
There is a high chance that NYSE:BABA (and other Chinese stocks) has not bottomed and will make a new low, because 1) the rally so far has been 3 waves (zigzag), 2) RSI divergence of the lows on daily need to be erased, 3) recent rally got rejected at 200MA If the drop breaks below 77, I'm quite sure a new low will happen NASDAQ:JD NASDAQ:BIDU AMEX:FXI TVC:HSI
NASDAQ:GOOGL potentially reaching $141-$143 within the next three weeks or as high as potentially reaching $141-$143 within the next three weeks if there is any new news on advancements (or partnerships). The Elliott Wave Principle suggests a potential bullish continuation within a larger Wave 3. A breakout above $133.34 could propel the stock towards...
$133 to $140 on 30m chart 2023-12 to 2024-02 1-day Chart ( click to play ): NASDAQ:GOOGL potentially reaching $133-$140 within the next three weeks or as high as $141-$143 if there is any new news on advancements (or partnerships). The Elliott Wave Principle suggests a potential bullish continuation within a larger Wave 3. A breakout above $133.34 could...