Oil competed the 4th wave of Elliot and moved upward exactly on wave 4 PRZ (Price reversal Zone). meanwhile the shark pattern is completed. in case if Oil start to complete the wave 5 of Elliot the target price is shown and in case if the price reject the wave 4 PRZ downward, the shark PRZ also is been shown which can be a area to change the price process....
Gold is bearish now. After BAT Pattern completion (exactly on relevant PRZ) it is started to model the XA wave with Elliot 5 waves. it is completed for now although it would continue due to strong move. because of positive divergence we would have a bullish correction up then it will continue downward to the BAT target (AX wave model). and it will meet the end of...
DXY is completing the Elliot 5 waves. as you can see it is already completed the waves 1,2,3 and most probably wave 4 and it is supposed to reach the wave 5 PRZ. 2 areas are defined which based on Elliot concept can be the targets for wave 5 although wave 5 movement strength need to be monitored since lack of upward movement would result in analysis fail. Thank...
typo correction ***EMA500=> EMA200*** ***EMA200=> EMA 50*** IMHO, we are going to change the trend to bullish. 29000-31000 are retested several times and too much strong to be broken since there are too much buy order.... we need to reach 35000 USDT to ensure the Bullish market is started. Golden Cross (in 4Hrs TF) would happen by End of July. That's very...
BTC is bullish or another Trap?!!! BTC broke up Triangle with proper volume, although I am not bullish until EMA 200 to be broken up and re tested. As you can see EMA 100 has been broken up and retested. Retesting is good signal for power of support. I have eye on Ichomoku and Volume both for next few 4H candles. Hope there are bullish confirmed signal :)
Very difficult to predict for now Bullish: - 0.5/0.383 Fib is there - Ichimoku cloud as support for now - Trianlge to be broken up Meanwhile - Being under Ichimoku cloud - Trianlge to be broken down its make new situation with 29500 support level
BTC is going to test last support level ( based on Fibo level & Triangle). there is (Minor) MA50 support level on 36000 for now.
In case XRP break up the triangle, we would see 1.22 although there are some conditions 1- It pass small resistance on 1-1.1 2- Elon needs to keep quite Although there is possibility to meet 0.82 or even 0.77.
BTC is in triangle. Fake break out is detected. Fundamental news act as critical role In case of break down, it would goes to 21500-25300 In case of break up, it would goes to 49500-52000. First resistance on 0.382 Fib (43200) level Second resistance on 0.5 Fib (47300) level