Using multiple fibs from multiple time frames, we should see a pull back at $18858 while heading toward the 5th wave at $19319 with a pause/correction around $19115 Blue line from wave 3 to anticipated wave 5 is the same length as wave 2 to wave 4. Therefore arriving at $19319 - final 5th wave. Starting at the bottom of wave 4 using Fib extension, we plot...
We should start dumping GOLD and all Crypto mid year
OANDA:XAUUSD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431. The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers...
#1 DEX on Solana in terms of efficiency and security Wave 4 appears complete at .5 retracement $2.17 estimated ($2.12 actual) Wave 5 Targets: 1.0 $10.47 1.618 $15.62 2.618 $23.95
In the next month or two, the price can move up to 78000 ...
Hello everyone. First of all I should say happy new year (Nowrooz) to all iranian people around the world specially iranian traders community. Im going to explain how will BTC behave in coming months according to Elliot wave principles. As you know wave analysis act better in higher timeframes like Weekly. So I want to take a look at BTC price action from Nov 2022...
We have been talking a lot about a corrective price action in the Crypto market for the last couple of weeks. We also shared a lot of free charts, articles and even video analysis, where we mentioned and highlighted a higher degree wave 4 correction within an ongoing five-wave bullish cycle. As you can see today, Crypto market is nicely extending higher as...
XAUUSD probably completed wave (A)(green) leading diagonal pattern. Targeting now toward wave A (Red) which is confluence of zone of : 1) VWAP line ( Blue MA) 2) 1H 233 EMA (white) 3) Parallel Channel support (blue).
Wave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high. in addition , ChandeMo Momentum is currently up and the...
Bitcoin rebounds strongly to 65k area, which can be signal that correction may be over from technical perspective and by Elliott wave theory. We have been talking a lot about a corrective decline in the Crypto market in the past weeks. We also talked about Bitcoin ahead of the halving and we also shared a free chart back on April 15th, where we mentioned and...
At the moment, I still don't see a clear bullish argument for ONE, even with the upside on the last few days. My primary count considers we still have one more leg to the downside for black 5 / gray C. There is a strong resistance level in 0.0250. I'll consider we're bullish again if we break the purple level (at 0.0304).
1. Completion of double combination wave 2 2. Start of Wave 3 down. 3. Expects Nikkei to fall to 32323
- My base case is that we're in an extended 5th wave that will finish the bull run on Gold in approx. 2470. - This may be the top for couple of weeks and even months
TSLA kangaroo still boxing/ hopping inside the ring (triangle) since end of 2021. Strong support if there was a pullback toward 186 +/-. Which is confluence zone of 1) POC of Volume Profile (red horizontal line) 2) 233 weekly EMA (white MA Line) 3) Pitchfork lower channel (blue).
It is now showing the potential to break out in Wave 3. If it fails, then it could still be filling out a larger wave 2. Still looking good!
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
This trade is only valid for today. Risk to Reward: 1:2 Limit buy order @2417 TP:2459 SL:2396