I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk. As you can see, PLTR put in a significant top near the 61.8%...
This could be one of the strong possibilities out there... Don't know what could be the factor or news but after comleting last up move to finish wave B of a flat we can expect strong impulsive C wave to complete Wave 4.
My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...
I have enjoyed my Macro BNB post, occasionally checking it and pressing play on the chart to see how PA is behaving IAW my expectations. So here is one for ETH... I am not a bear, I am the Honey Badger, I chart what I see and surf the waves. This count is Valid, if you disagree, I invite a healthy debate to enable all of us a more holistic understanding of the...
Are we already in a Bear Market? I don't know... The chart seems to be suggesting it... What do you think?
Last time i expected 1 more high at 34000-34400 (as Ending Diagonal on C) to start downtrend, it failed. This is my new perspective on Dow Jones (US30), i strongly believe there will be a bearish to come. Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Disclaimer: Please be aware that the information provided in this article is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carry inherent risk, always conduct your own research and, if necessary, consult a qualified financial adviser prior to making any investment...
No need to sweat, the bears have ran out of steam, the correction is over. If you followed my count of the Wave 4 correction, you would have known I have called the bottom. Here is a quick rundown of how I see the next two weeks playing out. Let me know what you think...
The broken flag from my previous post led to new lows as expected. In my primary count, we are already on green wave V, which would soon lead us to bullish price action. But soon doesn´t mean now... I´m waiting for further price action to see if bulls step in, beginning with a break of the green descending trendline.
Lower timeframe perspective attached down below. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Bearish Impulse wave in development. Technical analysis up-to-date. After the fake-out from the major contract triangle, we can see clearly the direction of an inexorable leg downward. New levels for watch. Price action is currently retracing to the micro supply @ 239 region.
Hello everyone, Here is our update on NIFTY in ELLIOTT WAVE perspective. Nifty is about to complete 5th wave. Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
Equinor is showing clear signs of Elliott Wave structure from it's ATH. Tracking this as wave 4 still in progress, and will be looking for a correction of this downtrend upon completion of the fifth wave. All in all, a simple roadmap on what to expect for the rest of the year.
AVAX/USDT.P on BYBIT Looks like the W-X-Y pattern is coming to an end and we will try to predict the bottom as best we can to catch a swing trade of wave C or even a 3 and a new rally. If the count is right and the weekly support level at 13.910 does not hold, a one to one (of the W-X-Y) price target will be next. We could speculate the weekly level then will...
Elliott Wave Analysis for Nifty50 Nifty 50 has probably completed Wave a today for ABC corrective pattern today and is midway into Wave B. View for 2023.05.18 is bullish for first half and bearish for second half.
●● Preferred count ◉ U.S. Dollar Currency Index (DXY), 🕐TF: 1M Fig.1 The counting of long-term waves has not changed. I still think that there is still a possibility of a correction to the area of the previous wave (IV) . On the other hand, of course, it should be understood that the fourth waves in most cases form lateral corrections with an overlap...
Hello traders, That's my wave count for: USDCAD Bullish Scenario 2 Trading strategies: Long Timeframe Analysis: 4H