Hello friends In the NZDUSD currency pair, we see the formation of a 3- or 5-wave Elliott pattern. Considering that wave 3 or C is more than 1.618 times wave 1 or A and its sub-waves are not yet completed, we expect the price to grow to the range of 2.618 times wave 1 or A. This price increase has been done with a break and pullback to the resistance level of...
MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.
I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...
This one continues to make new highs and is still not done yet. It is 100% up since shared it for the first time. The Elliott Wave count is self explanatory as to where it is heading in the coming months. In my opinion, the next good buying good opportunity would be the blue wave (iv) pullback. Shall update as price develops further. Thanks for reading!
In the next month or two, the price can move up to 78000 ...
Judging by the indicators like MACD and RSI, and the general behavior of Eth, it seems like it'll retrace this move overnight, maybe a day or so, then go back up again! It's hit its 12-3 Fib (3 wave move) targets in the 1 hr time frame over the last 2 1/2 weeks setup. Eth put in an Inverse H&S in the last 5 weeks and satisfied the move, now it will most likely...
FX:XAUUSD has been breaking through ATH and testing 2450 since the opening of the session. Possible reasons could be fundamentally weak dollar, as well as geopolitical reasons related to Iran Earlier we defined exactly the end of the correction, the intermediate bottom at that moment was the area of 2300 and since that moment the price has overcome the way of...
Li auto is likely nearing the end of a corrective ABC move and is currently a wave 4 in wave C. Wave 5 of C should ideally take price to the $21.50 level which is the 0.618 retracement of the move up from the Oct 2022 lows. Should price reverse from here it is likely that the correction took the form of a WXY move where wave Y has 3 waves, instead of an ABC move...
Could this be an impulse from inception to all time high? Certainly looks like it could be an impulse finished or close to finishing starting at all time high, which would just be an A-wave in that case. An alternative would be to have this impulse as the C-wave of a flat only finishing wave 4.
No need to overcomplicate things here. Low to high can be counted as an impulse, so there's a clear invalidation point, which is the absolute low. As long as that holds, the direction is up.
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...
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
With what started as a questionable move in the current fractal has finally given enough hints for me to come up with what I believe is a solid prediction. Starting from $15K, BItcoin printed an impulsive Wave 1, a flat correction for Wave 2, an impulsive Wave 3, a zig-zag for Wave 4 and we're not sitting in Wave 5. Though not always, when Wave 4 is a zig-zag,...
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
Possible wave 4 of C is in progress and should soon complete. Wave 5 of C is the last leg down and will probably reach the 1.618 Fibonacci level before the market shift up. Good LUck
ETH from 2022 low. Identifying the corrective structures. With bear side GZ broken in the ETF hype pump, is this a suckers rally or moon?
Hello Everyone, Based on my technical analysis, Bitcoin is expected to continue its uptrend towards $84,300 with a high probability and a favorable risk-to-reward ratio. There are two main reasons to consider this investment: 1. Elliott Wave theory on Weekly Chart: As mentioned on the chart, there is a clear Elliott Wave configuration that indicates the...
Very intriguing bullish setup for ETHUSD and ETHBTC. ETHUSD holding support at .618 Fibonacci drawn from pivots at 4093.88 and 2100. There are different bullish counts that can be drawn from 879.80 low, will know more if price gets above 4093.88 and how price moves above that resistance. ETHUSD move may be magnified by bullish ETHBTC setup, if low of 0.04474 can...