FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
I think that NYSE:XPEV completed the Elliot WXYXZ correction wave in April 2024, which started in July 2023. I think that the major Elliot wave, which I am currently showing with the red line, has started 3 impulse waves. I think that this 3rd impulse wave will make the 1st wave. This impulse movement can take NYSE:XPEV up to $13-$15. Take Profit Point...
FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give...
FUBO started its rally from $0.96 in March 2023 and reached $3.87 in August 2023. Since August 2023, it has been declining with the Elliot WXY correction wave. I think this correction will continue until the gap at $ 1.18 is filled. My guess is that this correction will continue until around $ 1.12-1.2. Unless it goes above $1.9, I am short FUBO.
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave. As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may...
PEPPERSTONE:XAUUSD Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration. Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post. In this scenario, when...
All drawn lines were made by measuring on Fibonacci. Buying and selling points are indicated on the lines. These are my personal opinions. It is not investment advice.
1D Chart From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart: Impulse and Correction Waves...
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...
FOREXCOM:XAUUSD was ready to overcome the resistance of the 2062 range, but Friday's NFP, with sharply unexpected data of 353K ruined the temporary plans of buyers. The dollar is building strong momentum and continues its strengthening trend. pic: Long-term bullish trend. The price is trading at its maximum values On the 2-week timeframe we see a strong...
Elliot wave analysis indicates that NYSE:UBER is currently in wave 3, Following a rebound from the 0.764 extension, it becomes evident that Uber is poised to advance towards the 1.618 extension, with the potential for further extension beyond, considering the substantial duration of the initial wave.
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...
#Asian Paint | #Elliott #Wave #Analysis | where is support? Hey guys please find the #analysis of the #asian #paints ltd. I am not a sebi registered analysis please consult with your financial advisor for any buy sell activity. please subscribe to this channel for more such video. thank you to those who subscribed earlier. regards