As we see the price has completed its recent cycle on 11 July, 2024. It is now in a major correction where the wave 'A' is already formed. Now the price is forming the wave 'B' and its minimum destination is 61.80% After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone. The more...
Bitcoin the name which shows us the dream to become a billionaire. Currently price has completed its double correction and facing strong resistance at 0X trend line. If price fails to break this trend line then the 3rd and final correction will happen which may lead this coin price to 45000-48000 zone. Trader should focus on the trend line. If it fails to...
Completing its bullish cycle on 14 July 2008, this pair still fails to make a reversal trend. Its corrective phase is going on since then. Currently it is forming the wave 'C' which will lead a downward impulse. Selling opportunity after a pullback should be the focus point for the traders.
As we see the price has completed its recent cycle on 3 July, 2024. It is now in a major correction where the wave 'A' is already formed. Now the price is forming the wave 'B' and its minimum destination is 61.80% After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 130 zone. The more...
US Dollar index is in at Zig-Zag correction (ABC) after completing a full cycle on 28 September, 2022. It has completed the Wave 'A' on 14 July, 2023. Now index is forming the Wave 'B' After forming the Wave B, the index will lead the Wave C which will be a downward impulse. P.S. If price breaks the 61.80% level, then we will consider this wave...
Dear Traders, The H4 chart reveals that Gold finished wave iv of (iii) and has now resumed its movement upward within wave v of (iii) of ((iii)). Based on Elliott wave projections: Wave (iii) has the potential to extend to 2767 before a corrective pullback begins within wave (iv) of ((iii)). Traders should stay focused on the buy side, using pullbacks as entry...
If this is the end of 4th wave then 5th wave minimum target is 2707 .....
These are the waves currently gold is having. Major Degree: 3rd Wave Intermediate Degree: 3rd Wave Minor: 5th wave of intermediate 3rd Wave We are focusing on Minor wave which I will breakdown in 4 hours chart.
We will see another all time high once this correction of 4th wave is over.
Traders now bet Fed will stick to 25 bps cut in September, with bigger cut in November.
Price will make another all time high. Correction was completed and market is reacting for rate cut in September. Trend is bullish as long as price is not braking the trend line.
Correction is going on. Lets wait to complete and then buy for new ATH.
Price is making the last move towards all time high and this move will complete the major 3rd wave. My target is 2494-2510, which can be new ATH.
Major 3rd wave is still yet to complete. I will break down the full analysis on my hourly chart draft.
Major 3rd wave is about to hit its minimum target. Besides that we can see an ending diagonal in Intermediate 5th wave of major 3rd wave. 3rd wave is about to end very soon and after that we will see a correction of Major 4th wave then impulse 5th. Thank you.
Gold price is currently at its 3rd wave and almost there to break the 1st wave high. If price breaks it successfully then we can set our target till 2565. Only look for long position.
Only if this is a double correction. Or else the X wave will be the 1st wave and the current one will be 3rd wave.
Maximum target for Wave 5 is 2470.675 and Maximum target for entire wave is 2482.074 Price must overlap between these range. September rate cut probability is 100% and price will in these days and no more big move after pricing in for September Cut. All I see price is completing a Major 5th wave and each wave has 3 moves (abc) An Ending Diagonal.