WicktatorFX

WicktatorFX

Silver is showing us a perfect impulsive wave in accordance to Elliott Wave Theory. The basic principle of an impulse wave is as follows: Impulse waves = 5 waves Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...

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NZDJPY is at the final stages of the ending diagonal. The move we're about to see will be a MONSTER move. We are looking at a potential 1500pip move to the downside... atleast! We are currently in an ending diagonal, made up of 5 waves consisting of 3 subwaves each. We are in 5th wave now, subwave C and looking for a reversal very soon. Trade Idea: - Watch for...

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EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...

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We know this is an unpopular opinion BUT technically, Bitcoin is ripe for a move to the downside. On the monthly chart, we can see that we've completed a major wave 1 impulse and now we're in a wave 2 correction. We're looking for one more move down to complete this wave 2. See monthly chart below: It looks as if we're making a 535 correction and therefore,...

WicktatorFX

Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat...

WicktatorFX

Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each. It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level. For those that are interested in entering, watch for any sort of pullback and enter with stops above the...

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In our previous analysis, we were bullish from the 1500 area. We pushed up a massive +160%. As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline. There's a small...

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Ethereum appears to be in a large correction. We are currently in the midsection of the correction, where we have a channel containing a WXY corrective price action. We are looking for one more move higher to complete wave X. See our next post for the lower timeframe analysis. Goodluck and as always, trade safe!

WicktatorFX

Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term. Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of...

WicktatorFX

Following on from our last analysis of Fantom, we closed our long setup with over 200% gains! We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down. Trade idea: - Safe entry on break of red trendline - risk entry on lower timeframe trendline break - tight...

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Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise. According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction...

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Here's another unpopular opinion... We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction. It may happen, may not happen. If it happens, you know what to look for! For confirmation that we're moving towards the $10 mark, we can look for the...

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Bitcoin is showing us a really nice 535 zigzag correction. Zigzag corrections often appear as a flag so we should not expect the highs to get hit. We're expecting wave C soon. Trade Idea: - Entry on break of the red trendline - stops below price after trendline break - Targets: 40k, 50k. Taper thereafter Goodluck and as always, trade safe!

WicktatorFX Updated 

We are now at a critical point in our analysis. We are almost at the extremes of the parameters where Bitcoin can fall. Major Waves - Circled waves Subwaves - Bracketed waves In our analysis, we are still within the major wave 3 (which is made up of 5 subwaves). We are on the 4th subwave correction, which is an 3-3-5 ABC flat correction. We're anticipating...

WicktatorFX

In our last analysis we identified that we were in a correction and were looking for subwave c of wave B. We got another perfect setup! Almost 200% made on this move. We will be taking profits here and getting ready for the next move! Goodluck and as always, trade safe!

WicktatorFX

In our last analysis, we made everyone aware that SHIB was getting ready to explode. Safe to say that we sure did explode, with over 700% gained! We'll be targeting 0.00008 and then seeing how far we can go with this. Hope you guys managed to make some gains! Goodluck and as always, trade safe! See your previous analysis below

WicktatorFX Updated 

EURAUD is currently within a channel. It's appearing as a 535 zigzag and we're anticipating a breakout soon. Safe entry will be break of the red trendline. Risk entry will be bounce off channel or a lower timeframe trendline breakout. We'll be targeting the fib levels but it could fall short or go past the fib so we'll be taking a cautionary approach to our...

WicktatorFX

EURAUD is setting up really nicely for a big 650pip move to complete subwave c of Wave B. We are currently in what appears to be a Flat correction = 335 breakdown. Trade idea: - Watch for price to come into the buy zone - look for reversal signs and put your confirmations in such as BOS or trendline break - enter once confirmed - Targets: 1.68 (450pips), 1.7...