An update on XLM/BTC. It looks like a clear breakout from the Double Three structure with price breaking out from the zigzag into an initial five wave impulse of a smaller degree. Let's see how it plays out for confirmation.
Please refer to the previous idea I have linked below and follow for further updates.
This is not...
Price achieved 1800 today and had an initial bounce of the horizontal support. It's possible that it can drop into the 1750 - 1760 zone.
The corrective structure is still in formation. As mentioned in my previous idea, expecting to see a lower degree correctional structure forming over the next month to get a better idea of where the best possible...
A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some...
I've counted this with many different sequences and feel that a Double Three (WXY) combination is what has likely been printed here.
It's possible that it continues to correct further to three corrective structures and forms a Triple Three (WXYXZ).
I'm looking for a set of five impulsive and composed waves to rule this out and signal a change in...
Looking to EURNZD, there is a good setup in this pair.
Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity.
We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback....
Big opportunity in this pair to go long as I assume Wave 4 has formed at fibo 23.6% and will be finishing Wave 5. My purpose here to see if this pair can make a Higher High in big Timeframe to go along with my bullish bias.
Simply based on Elliot Waves Analysis.
Thankyou and let's see how it goes.
BTC loves a triangle: EW analysis of BTCUSD pair reveals a candidate bullish contracting triangle. Currently, I have a sell target @ $9500 on approx. 27th March and a subsequent buy target @ $8000 on approx. 3rd April.