We are in the second part (B) of the second branch (Y) of the combination pattern(WXY), one degree higher. (B)-Wave itself is a combination pattern. According to the theory, the break of the price box from the top strengthens the triple combination pattern(WXYXZ), and the break from the bottom means entering the C-wave.
It looks like E-wave, itself is a flat pattern and after that we expect the price to quickly leave this triangle and reach at least the 98 range.
The final part of a triangle, one degree higher, is a triangle itself, and it seems that the E-wave of one degree higher E has also ended. If this is an active scenario on this currency pair, the targets 1.32 to 1.20 is Available ,and these are the minimum target for a long fall ! The penetration of the price above 1.36 means that theE-wave is not terminated,...
According to the opinion of the previous post, the dollar sales range and the minimum target are specified on the chart.
It can be said that we are at the starting point of a bearish/range cycle, an upward rally from the bottom of 127 was a B-wave of a (Elliott flat) corrective pattern that was an Elliott triangle, whose last wave or branch ended as a complex pattern . C-wave of (Elliott flat) : We have realized that the time minimums of this wave will be at the end of September...
At least a significant part of C has been completed in price/time. But it is possible to extend to the price range of 90,000 dollars in this wave. I'm not going to talk about the price/timE probabilities of the next corrective wave in this post right now, and the larger pattern labels that the C arm is a part of that are implicitly displayed on the chart.
In the weekly cash data, we discussed the price and time dimensions of Part C of the bullish momentum pattern started in gold. On average, we expect this wave to continue until the end of May, with maximum goals, in the range of $2400. Wave C will have ascending and descending fractal parts, and in a suitable correction, we can buy. In case of correction from this...
In the previous gold analysis post, we examined this symbol in the weekly cash data . In this post, I will examine the gold pattern in the monthly cash data l. After the monthly triangle ends with E-wave bottom of $1800, gold enters the first and second part of A bullish pattern is labeled as A and B on the chart. Right now, the start of the third arm is from...
Several overlapping candles and now a strong monthly covering candle have increased the probability of starting an uptrend in Bitcoin in the medium term. The only obstacle to the upside is the supply level of the current range up to 25000. This obstacle may cause a price correction to the levels of 19-20. or deeper levels of 17 to 18.5.
The current upward movement continues up to the upper limits of the upcoming peak, and from the specified range 2080 , I expect to start a downward movement with the targets specified in the chart.
hey traders In this Elliott-style analysis scenario, after the termination of the NeoWave triangle with a E-wave bottom of $1,810, a fast upward leg brought the price of gold to $2,150, which is most likely the start of a pattern of the same degree as the terminated Elliott triangle, and this Accelerator leg is the first arm of the new pattern. After that,...
A downtrend has ended in an Elliott pattern. We expect an upward trend up to the specified range.
We are in a long-term uptrend. From the point of view of Elliott's new style (NEoWave), as mentioned in the previous analysis, we are in a diametric ascending correction and the e-wave is from it. The price will eventually reach the daily level, which nested in the weekly level.In my opinion, the current short-term uptrend will continue and the normal e-wave...
Price action and demand areas that are still valid for buy positions until the daily trend line is strongly broken, in which case the weekly demand area will be a good place for buyers to enter.
According to the analysis, we are still in a strong uptrend and in the E-wave of diametric. The normal target for this wave can be in the range of 175, and as long as the daily bullish trend line is established and is not broken, it is possible to continue buying in the direction of the trend in the daily demand areas.
Exactly in accordance with the linked analysis. Hello traders. The price is close to the (monthly)supply area . According to Elliott analysis, We are in a ( c-wave ) of (d-leg) of an Elliott triangle. The triangle itself is a (y-leg) of a (wxy) pattern. Finally the (wxy) pattern belongs to the (d-log) of a diametric. If the current Elliott scenario is active in...
Hello traders. The price is close to the (monthly)supply area . According to Elliott analysis, We are in a (c-wave) of (d-leg) of an Elliott triangle. The triangle itself is a (y-leg) of a (wxy) pattern. Finally the (wxy) pattern belongs to the (d-log) of a diametric. If the current Elliott scenario is active in gold, we expect a bearish wave in the form of...
We are in a c-wave of an Elliott flat pattern or Elliott triangle . Optimistically, the price depth of this wave could be around (28000 $). If this level can not support further price declines, the next valid support level will be in the range of (12000 $) but Wave c is not necessarily going to end on the next valid level, it may end on the Current level...