Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the...
ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break...
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
Many are optimistic about Bitcoin reaching the $150K-$200K range, let's strip away emotions and look at this logically. Wave Analysis: Wave (1): Concluded around 31K, followed by a shallow flat correction that lasted approximately five to six months, not surpassing the $24K mark (38.2% Fibonacci level). Current Phase - Wave (3): extended, similar to the...
While we spent time in understanding the NIFTY and BANKNIFTY, we are now delving into the midcap nifty. What is interesting is that the correction if we assume will unfold into five waves (else the recent low becomes end of three waves (low probability)). That suggest, there is door open for further softer bias in this one relative to other indexes. In...
I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...
RBI brings further measures in terms of the transparency in lending practices. While on the face of it and it is looks bringing more measures to orderly percolation of the Central Bank measures, the deep down is the inflation, the scope for reducing the burden and the banks don't over charge the final consumer. The banking space looks to have been overstretched...
Purely from the point of view of the recent moves that date last one month of action, the below can be inferred. Please note any analysis of this sort need a wholistic approach from the broader waves that is in operation in all the cycles. We completed the perfect 5 way move. Subsequent to that we have more or less the three wave deeper correction. (why deeper...
An updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.
According to Elliott Waves, we are still in the fourth wave which extends from 73777 to 49950. Sometimes Bitcoin exceeds the wave level, I Think that Bitcoin is not finished falling, and will start falling from 74,000 – 71,000 to the red level of 55,900 – 49,900. Then after that we will witness a real bull run extending to 85,000
Based on the market behavior today, April 10, 2024, I have finally settled on a new structure model of this entire market top. The bullish wave yesterday had all the punch of a D-wave in an Elliott triangle, but then stopped unexpectedly and turned south for a deep retracement. I commented in another topic that this was a leading diagonal, but that structure is...
NYSE:JNJ JNJ is in multi decade uptrend peaked at 187 – presumably end of major wave 5 and turned into Elliott ABC correction, where major wave (A) length is about 37. Per fibo relation major wave (C) should most probably end at 139.5, while intermediate wave ‘c’ – a unit of the major wave (C) might break the pattern bringing the end of correction to 133 and...
This Post is only for sharing with a YouTuber called Schulz. in German. Dont mind this.
Watch this space for more update, OIL is now bearish . We are setting second sell limit at 86.17
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price. Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
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.
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...