I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
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,...
Kiwi showed a robust continuation candle last week on the daily chart. The price recovered above the 0.6085 resistance level and finished the week above the 0.61 area, suggesting a potential continuation pattern unfolding in the middle of an impulsive recovery. This week, the Bank of New Zealand's interest rate decision is anticipated, and they are not expected to...
Here I have USD/CHF on the Daily Chart!! Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 .. This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!! Now with Price working past our LOW, we could see price drop as low as...
EURUSD possible wave 4 in progress as a triple three which should drive the price lower toward the Bullish OB and Fair value Gap (FVG) Invalid on chart . Good LUck
Price completed a broadening top and broke to the downside. The bottom for this wave is likely in. This pattern has a high bust rate (failure), meaning once price breaks back into the pattern, there is a high chance of it reaching the top again. For now, target is just the mid-level of the pattern.
At these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view. Have in mind that those special zones are NOT trade signals , but areas where you have to applicate your specific strategy.
This pair is completing wave 5, it is forming an ending diagonal which is a reversal pattern. We anticipate a buy as indicated with the arrow.
If you find this information inspiring/helpful, please consider a boost and follow! Bounced off of level, now watching for it for clues on the next move. Right now the impulse are up BOS style. So looking for continuation with the trend, but I will be ready if the trend turns. So watching these IDM for now for clues of a retrace or slow down before the next...
It just tagged its 1.618 fib extension completing a 1-2-3 setup 3 wave move to the upside, its going to try to rise above the 50 day sma (in gray) but it may retrace as it comes down before it jumps up above it like Bth, Eth, Sol, and all the other alts are doing at the moment with some offsets in time. Aside from an ABC pullback, its setting up a larger 1-2 3...
ETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees...
MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.
Judging by the indicators like MACD and RSI, and the general behavior of Eth, it seems like it'll retrace this move overnight, maybe a day or so, then go back up again! It's hit its 12-3 Fib (3 wave move) targets in the 1 hr time frame over the last 2 1/2 weeks setup. Eth put in an Inverse H&S in the last 5 weeks and satisfied the move, now it will most likely...
Li auto is likely nearing the end of a corrective ABC move and is currently a wave 4 in wave C. Wave 5 of C should ideally take price to the $21.50 level which is the 0.618 retracement of the move up from the Oct 2022 lows. Should price reverse from here it is likely that the correction took the form of a WXY move where wave Y has 3 waves, instead of an ABC move...
Could this be an impulse from inception to all time high? Certainly looks like it could be an impulse finished or close to finishing starting at all time high, which would just be an A-wave in that case. An alternative would be to have this impulse as the C-wave of a flat only finishing wave 4.
No need to overcomplicate things here. Low to high can be counted as an impulse, so there's a clear invalidation point, which is the absolute low. As long as that holds, the direction is up.
Hello Everyone, Based on my technical analysis, Bitcoin is expected to continue its uptrend towards $84,300 with a high probability and a favorable risk-to-reward ratio. There are two main reasons to consider this investment: 1. Elliott Wave theory on Weekly Chart: As mentioned on the chart, there is a clear Elliott Wave configuration that indicates the...