Hey Trader, please see my current idea on XAUUSD, where my count suggest the last leg up in order to finish our fifth wave. This is no financial advice. RT
As you can see wave 3 is less than 162% of wave 1. That means that wave 5 overextends itself, which leads to a target of at least 62%. This measurement refers to the starting point of wave 0 to the ending point of wave 3 and is the minimum target for a wave 5 extension. This is no financial advice.
The US government bonds are currently on everyone's lips. Wherever you listen, you hear the word recession and people sometimes talk about the "big crash". This is due to the currently enormously rising interest rate curve. However, I think that we saw our peak in 10-year government bonds yesterday and I think that the 10-year yield curve will now start falling....
Hello everyone, Gold is currently moving in a bearish diagonal, which can be the case for a wave C determination. I think that we have very good chances here of a possible reversal at this point. Please see at my count and my chart for further information. This is no financial advice, RT
Hello everyone, Today we would like to take a look at VeChain as I think we are presented with a great opportunity here. The price was currently still in a downward trend, which shows the structure of a diagonal. Such a diagonal is characterized by 5 waves and each of these individual waves is shorter than the previous one. This is extremely important in order...
Hey trader, please see my current idea on SLP, where my count suggest an increase of 1000% to the 1.618 extension area. This is due to the fact that SLP became very impulsive again and got rebought on the 61.8% area. Therefore I am assuming that we are in an impulsive and currently in a probable wave 3 extension. This is no financial advice. RT
Hello everyone, last analysis has been a while, I hope everyone is doing good during those tough times. As you can see Gold has been very impulsive to the bearish side. I think that we are done with our 1-5 impulse and I am therefore looking to hold my longs towards the $ 2000 area. If my count is correct it is very likely for Gold to retrace at least 50% of the...
Good Sunday everyone, Bitcoin is currently sitting on my zone of interest. As you can see price managed to hit the extension target of 1.618 for wave C. This is the deepest possible target a wave C can extend. If we extend further of break the previous low, this count is invalidated. However, I think that we are in a bullish wave 3 extension, which explains why...
In this video I am going to show you why I think that we will have a major decreas e in bonds price this year. This is due to the fact that we are currently trading in a wedge shape , or a so-called Elliot Wave Diagonal which is characterized by a 5-Waves-Pattern , of which every inner wave is shorter than the first impulsive wave. Fundamentally spoken, I do...
Hey Trader, please see my latest trade on Gold (XAUUSD) I'm willed to open up fresh long positions in order to play this trade to the 1900 area. I am expecting a sideways consolidation in form of a triangle here, which should then eventually break to the upside. For further information, please see below. This is no financial advice. RT
Good Monday Trader, please see my current idea on the EURUSD pair, where my count suggests the next impulsive starting from now, in order to build up our wave 3. I expect our bottom here soon, since we corrected as Flat characterized by a wave B making a new high. Currently we are building our wave C as an ending diagonal, why I assume that our bottom is not...
Hey Trader, as shown in my last Video analysis: Gold has perfectly hit our swing target of 1864. Since we are now sitting on a 261% extension for our most likely inner wave 3, I decide to open a short here. Good luck to everyone. This is no financial advice. For further information about me please see below.
Hey Trader, please see my Video Idea on Gold, where i explain in detail how I catched my last two winning trades. Also I go through the process in how to use Fibonacci Ratios properly and calculate possible price targets based on the Elliot Wave Theory. Please leave a like and a comment. This is no financial advice. RT
In this video I show you how to properly use TradingView's Fibonacci Tools. Using gold as an example, we will go into the Fibonacci Retracement and the Trendbased Fib Extension Tool. Have a great evening and a profitable day. RT
When it comes to Elliot Wave Theory, we know of two different correction patterns . On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks...
Hey Trader, please see my latest idea on Bitcoin. In my opinion, Bitcoin is getting impulsive again. I assumed in the last analysis that we may have found our bottom at around 33k USD. This now looks to be confirmed with this impulsive to the upside. However, it is very crucial that price hits my target in order to validate my count. For further information,...
Hey Trader, please see my current idea on Gold. Last idea was nailed on exact pip. Since, I was expecting a buying reaction on the bottom of my last idea, I assume that we may have had our spring today, in order for us to get an impulsive wave 3. I'm expecting a little retrace, where I am willed to place buy order with a stop slightly below todays spring. NFP...
Hey Trader, please see my current idea on Gold, where my count suggests a possible Flat Correction. What we are seeing here now is a Wave B exceeding the starting point of wave A. Since currently structure looks like a 3 waves pattern, there is good chances for us to choose a long scalp. This is no financial advice. RT