An interpretation of what is happening in SP500 given the updated bigger picture -
#GOLD #ShaneElliottWave #Shaneliot GOLD || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: GOLD Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Fifth Wave (Green- Minuette degree) ---
Bissmillah... lets the chart do the talking for next week - Market has made a divergence sign. - Market make Highest High. Elliot Wave - Wave 3 (approaching complate) , consolidation to wave 4.
In addition to the previous post here's the interpretation of what is happening in Gold. It is the moment when the previous counts I made on hourly timframes stay intact whereas the bigger picture changes direction due to relabelling of only 2 waves on a daily timeframe.
#DJIA #ShaneElliottWave #Shaneliot DJIA || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: DJIA Trading strategies: Short Timeframe Analysis: 1D Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
With this recent surge I have to change my medium-long run interpretation of the chart to a moderately bullish outlook. I have replaced unfinished ABC in wave (2) with WXY which is finished. The price is likely to keep being volatile in coming weeks and months providing a chance to exit bleeding shorts for those who stuck with them at a moderate loss or even at a...
#USOIL #ShaneElliottWave #Shaneliot USOIL || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: USOIL Trading strategies: Short Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
#EURUSD #ShaneElliottWave #Shaneliot EURUSD || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: EURUSD Trading strategies: Short Timeframe Analysis: 4H Expect Main Elliott Mode: Corrective wave Expect Main Structure: Double Zigzag Position: Wave B (Green- Minuette...
#AUDUSD #ShaneElliottWave #Shaneliot AUDUSD || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: AUDUSD Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
Two upward corrective waves were made, and a final C wave remains, five waves ascend, of which wave one and wave two have ended, and three final waves remain.
Gold is unstoppable. The market closed, forming a high momentum bullish candle on a daily. The price is currently approaching a solid resistance cluster. To catch a bullish continuation, watch 1977 - 2000 area. If the price breaks and closes above that, probabilities will be high, that the market will go much higher. Next goal for buyers will be 2050. ...
Gold’s (Kangaroo = ranging ) in control. As Its price still @ subwave wave (B) (Cyan) of wave A ( Red Circled) First leg ( which is wave A (Red Circled) of last wave of big triangle which is wave e ( green)
As this pattern has made target I am giving some sort of rationality as to why we have paused here! Bulkowski's High & Tight Flags :- thepatternsite.com Calculations as to target for this pattern - Compute the height from the start of the price swing (point A in the measure rule figure to the right) to the end of the price swing (B) and then take half of it....
Price action and chart pattern trading medium term setup > A possible sideway downtrend ending diagonal pattern with a falling flag channel 5 wave > Now, the price reached the T1 target at 1.618 fibo extension of 1-wave downtrend > The candlestick pattern is consolidating at the lower support level could be 3-wave and getting ready for 4-wave uptrend rebound >...
btc Consider these bitcoin price corrections as an opportunity to buy altcoins. This time, I set the price correction floor at 26120
Price completed the correction wave 4 and we are in the wave 5 phase , subminutte wave 1 have been completed , and subminutte wave two have also been completed and we are in subminutte wave 3 of minor wave 5 which is expected to reach the target of 1.618% fibo extension.
Hello traders. Wave 2 is about to end and market is ready to go up super sharply. Be happy (wink)