Bitcoin is coming higher this year, moving very sharply through 2023, after a period of a consolidation that has been in play since March till Avgust of this year. We can see a nice and strong rise now, with some sharp extensions above daily base channel resistance lines and 40k area, so we assume that more upside can be seen as recovery is acting like an impulse....
NYSE FANG+ Index, which consists of Facebook(Meta), Amazon, Apple, Netflix, Google, Microsoft, Tesla, Nvidia, AMD and Snowflake, we see it still in strong bullish trend with room for more gains within a projected five-wave cycle. Currently we can see it slowing down within subwave »iv« correction that can find the support around 7500 – 7400 area before the uptrend...
Silver has turned lower at the start of the year but drop from the high unfolded as a sharp correction that found support at 19.88, ideally, it was wave 2 as shown on a daily chart, as part of a new bullish trend possibly with a leading diagonal where overlaps are allowed. So, if we are correct then the price maybe completed a pullback in wave four after a nice...
Cable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory.
Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from...
Aussie is breaking higher after US CPI data, now coming out of a triangle as shown on the updated count so it appears that we have now five waves up from the low. Thats a change in trend, but we need to be aware of pullbacks and limited upside after the completion of a fifth wave, possibly at 0.69-0.7 area.
USDCAD Daily and 4-hour timeframe perspectives. USDCAD in recent times is forming an interesting formation that can be the appropriate origin for upcoming volatilities to the upside. Therefore, as when looking at my chart now we can watch there how USDCAD has formed this main bull-flag-formation above the ascending-trend-line, within this formation USDCAD has the...
Looking bullish, possibly a continuation to higher. Wasn't looking for anything crazy, but adding to my position in the 3-3.30USD region seems to have worked out. I do not have a huge stack as I am agnostic about anything other than the majors, but I'll take a bit of a risk here and there to buy into promising projects with a bit of spare fiat now and again....
I posted an analysis of AUDJPY recently, stating that I had an overall (long-term) bearish bias but a buy opportunity was present. Check out the previous analysis below.
Before:
EURUSD is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at AB=CD inside of wave-(e) is confluent with the completion of a bullish cypher and may act as a catalyst for the bullish impulse. Long term target is placed at A=C. It is possible that another rebound off...
