Introduction Since its IPO, Airbnb (AIRBNB) has exhibited a predominantly sideways trading pattern in the daily timeframe. However, a closer examination reveals a notable impulsive move downwards since late '21, characterized by five distinct waves. This suggests a corrective structure (W-X-Y) has potentially been forming since early '23. If this corrective...
STX, the cryptocurrency on the Stacks blockchain, is generating considerable excitement as it gears up for a potential surge to new highs. With its unique focus on smart contracts anchored to the security of the Bitcoin network, STX has positioned itself as a compelling player in the crypto space. As the project continues to develop and gain traction, there is...
Oatly, a Swedish company specializing in the production and marketing of plant-based food and beverage products, predominantly centered around oats, has been under heavy fire selling since IPO despite the overall growth of plant-based products and increased demand for alternatives to traditional dairy. The chart above illustrates the OATLY stock price in a...
XRP/USDT price has exhibited a notable breakout, suggesting a potential continuation of the upward trend. The cryptocurrency appears to have broken out of a probable Triangle pattern formation based on Elliottwave methodology, signaling a bullish momentum. With this breakout, it is expected that price could extend its upward movement, aiming towards the $1.96...
In the technical analysis of DOGE/USDT, there are many indications that the cryptocurrency is exhibiting bullish momentum, with a potential first target projection at $0.15. The price chart reveals a bulish break out from the descending trendline, suggesting an upward trend has been initiated. If the current trend persists, breaking through key resistance...
This an Elliott Wave count of Gold - XAUUSD on the weekly time frame and is projecting a possible rejection and reversal around the level of 2080 - 2190. Please note this chart should not be used to open a short position on Gold as momentum is still strong and odds for projection's invalidation are great. This idea will be updated when we reach the level of...
Preferred #Elliottwave count for $EURUSD at the weekly time frame indicating a symmetrical triangle, currently on wave D and after price reaching the 1.10 - 1.08 level we should see a bounce for wave E before braking the lower ascending trend line and head towards parity.
According to this projection, there are good odds the markets will enter a bear phase for the next 2 to 3 years just like it happened in 2007 with US subprimes. If the case, the Stock market, Indices and possibly Cryptos will suffer greatly during the phase. As the move has not started yet, for now invalidation holds above 125.00.
The weekly price structure of EURUSD is pointing for additional weakness the following months, depending the speed of descent, towards the 1.13's - 1.12's. Projection valid while price remains below the invalidation level of 1.1860's. Please note the invalidation level will require a weekly close above. Short term, price can continue lower towards 1.1600 before a...
The above chart shows the positive correlation between AUDJPY and SPX500 for the date period since 02/01/19. Since last night the AUDJPY has started the next move lower with great momentum suggesting that the highs should be in place at 79.80's. Taking into consideration the positive correlation and assuming the correlation will not break, SPX500 should start...
The DAX index seems it is retesting the broken lower trend line of rising channel since '11.. Additionally 3 waves from the top, with the 3rd extended almost to the 1.618% fib extension, the odds are for additional continuation lower at least to complete wave 5 towards the 10k after rejection from current levels max 11,400
Current projection valid while above (X) lows..
Based on multiple Technical Analysis methodologies, I expect soon a push towards 1.19's if not higher.. Invalidation sub 1.11's
If the demand area fails at current level then odds we are rolling 4 a Bullish Bat with another extension down to 92's
Note the Lows vs Highs Divergence while Instruments Inverse Correlated - Point of Reference mid 2016 when the #BTFD first introduced..
Approaching the lower TL of the Downtrend Channel.. From there we should see at least a bounce at this stage..
The Dollar index has been weak so far yet expecting from here to continue higher inverse with $EURUSD and $XAUUSD.. The Recent lows have to hold to confirm that bullish flag..