Off the Friday reversal (which was stunning over 100 points in range) I can now count 5 waves down in the micro timeframes. Whether this is a wave 1 or just an a-wave, we should get a retrace slightly higher before descending in a wave 3 or c-wave. On any descent, Nvidia needs to hold $770. A breach of $770 brings $647 into view. I am currently Best to all, Chris
Hello Traders, It's good to be back to posting my analysis after a short break. Here is my outlook on the EURUSD currency pair. The directional movement of EURUSD is quite unclear. Recently, we have seen price encountered difficulty in closing above the previously established local maximum at 1.08058 in close proximity to the 800EMA, which serves as a dynamic...
Greetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)). Wave 4 Overview: Having traversed through waves 1, 2,...
US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.
Anything's possible when you're working with a finite asset in a world where: Inflation is constantly rising and multiple fiat currencies continue to fail. New sources for rare earth elements and precious metals are constantly being discovered. The overall output of society continues to rise. This is a (very) rough estimate based on Elliot Wave Principle...
I believe Celestia sweeping the ATH (all time highs) will result in a rejection from the famous expanded B pocket at 21.5 USD. This in the macro scale is very bullish type of pattern so the C wave would be seen as a good buying opportunity for the start of the 3rd macro wave, the most bullish wave of an impulse. Lots of money to be made in that wave, and the C...
Hey guys, Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance. In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than...
This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of...
Price action Breakdown Analysis: It is the EURUSD monthly timeframe, and it shows a downtrend for more than 15 years. The price has settled in a downward value area. Elements of price action Breakdown: Excess: There are nine price excesses, four on the upper band and five on the lower band. It shows that the sellers were too aggressive when the...
Regular Flat : Elliott Wave Correction Identified By student which shows the complete formation of Elliott wave flat correction which is following basic the rule of subdivision of wave as 335 . Although Find the basic rule for flat correction for your prectice : REGULAR FLAT : 1- A Corrective 3 waves move labelled as ABC 2- Subdivision of wave A and...
This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and...
This analysis reflects my perspective on NYSE:DAL through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Please note that the unfulfilled waves are provided for contextual reference and do not indicate precise targets. Based on my assessment, it appears that NYSE:DAL is currently in...
In my Elliott Wave analysis of BABA, I've observed a corrective pattern since its inception, with the peak occurring during the 2020 bull market. The correction seemed to have ended when BABA hit bottom in 2022. Following this, it appeared to start a new upward wave (wave 1), followed by a corrective phase (wave 2), which now seems to be complete. It's important...
Based on my Elliot Wave analysis of NYSE:BABA , it appears that the stock has been following a corrective pattern since its inception, with the peak occurring during the 2020 bull run. Since then, it has been in wave B, currently progressing into subwave C of wave B. The trend is strongly bearish, indicating a downtrend. I anticipate wave B to conclude around...
Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome...
In my evaluation of BTC using Elliott Wave analysis, I've observed that following its peak in 2021, BTC underwent a significant correction on a larger timeframe. This correction could manifest as either a flat corrective pattern or an extended wave B. Presently, we find ourselves within sub wave C of the overarching wave B, specifically in wave 4 of sub wave...
According to the Elliott Wave theory, NASDAQ:TSLA has been following a corrective wave pattern (ABC) since its inception, reaching its peak during the 2021 bull run. Currently, NASDAQ:TSLA has completed both wave 1 and wave 2, entering the critical and highly impulsive wave 3 towards the downside of the Elliott Wave sequence. The fundamental outlook for ...
Weekly Time Frame: Elliott Wave Analysis: ABCAPITAL has completed wave (4) in Blue on the weekly time frame and is possibly unfolding wave (5) in Blue. Current Stage: A closer look at the daily time frame reveals the completion of wave 1 in Red, and a potential near-completion of wave 2 in Red. Invalidation Level: Strict invalidation set at the low of wave...