Dear Friends! Bitcoin is correcting on the daily time frame and could correct to the target of $50,000 and then trend upward to $87,000.
Whilst the "Descending Triangle" was being heavily promoted in the market, I still don't think this was the case but a complex sideways action due to a correction possible wave(4) and fundamentals!
■Outlook of XAUUSD on 3D chart. I think We are in sub-wave (3) of wave ⅲ. Wave ⅲ, shown by the orange line, will probably become a 3rd wave extension impulse. Sub-wave (3) is supported by two channel lines, and the trend will continue. Last time my idea. ■Feb 13, 2024. 1M, Long-term analysis.
Gold is in the middle of a 5th wave Watch for reaction levels at 1. $2144 2. HKEX:2263 before heading to the final 5th wave at TWSE:2419
WXY (double zigzag is complete). May evolve into a triple combo. So far looks nice
If this is a bullish triangle, then we will hardly see these price levels ever PS. Tricky triangles.. Hope, it will not become a wave B in a larger ABC ))) Then will test 0,30
Bitcoin seems to have completed wave B of 4 and wave 4 and should start wave 3 of 4 and have a flat correction so I expect it to go back to around 15.5 again.
Hello friends In the case of Coinbase, we are witnessing the formation of an upward wave. This upward wave can be 5 waves or zigzag, of course, everything depends on the growth of digital currencies. But the probable scenario is a 5-wave, whose waves 1, 2, and 3 have been completed. Wave 4 may be zigzag, triangle or... Therefore, by breaking the ceiling of $281,...
I am expecting Nikkei to crash next week for a 3rd wave down.
Hello friends In the Amazon share, we see a 5-wave uptrend, all of which have been completed. There is a static resistance in the range of $188, and considering the divergence between waves 3 and 5, we can expect the price to drop. Therefore, with the start of a downward trend and the loss limit of 190 dollars, you can enter the sale transaction. The profit limit...
Gold has been on a rollercoaster of a ride over the past year and it's been fun to catch a few wins along the way. A run to $2600 seems inevitable. Closed my shorts from 2220-2230 and went long above $2250 w/ T1 near $2390.
Just finishing 3-2 correction and about to head off to hit 3-3, 3rd Impulse wave Summer 2024.
The flag pattern on the high time frame (D&W) has been broken . In the coming weeks, the price may continue to strengthen until the end of the month with a strong bull candle. The targets of wave 5 are at the 2100 - 2300 levels.
Hello friends, in currency pairs GBP USD we saw an upward trend and after that we considered a correction, which waves A and B have been completed and we are also in wave C. Wave A of this wave has occurred in the form of 5 small waves, and wave B has probably been completed, but the overall trend will be downward. It may correct some of this decline and continue...
There are two potential paths, and either one could play out. Either an inpulse pattern or a corrective one. The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top. The correction (red count) should target around the $45 price level. Then continue it's path to under $10. It's too early to choose one over the...
Ethereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (1D Chart): Details: The short-term outlook describes that the 1-red wave has peaked, and the following 2-red wave is likely to unfold as a Combination pattern to continue pushing lower. A rise above 124.54 would indicate that the 2-red wave has ended earlier than expected, and the 3-red wave is returning to...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). The broader context indicates that the 4-red wave is unfolding to push lower. It subdivides into the ((a))-green wave, and the ((b))-green wave is completing its role before the ((c))-green wave returns to push lower. In the short term, the outlook provides more detailed insights. The ((b))-green wave...