Hello friends, in currency pairs GBP USD we saw an upward trend and after that we considered a correction, which waves A and B have been completed and we are also in wave C. Wave A of this wave has occurred in the form of 5 small waves, and wave B has probably been completed, but the overall trend will be downward. It may correct some of this decline and continue...
There are two potential paths, and either one could play out. Either an inpulse pattern or a corrective one. The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top. The correction (red count) should target around the $45 price level. Then continue it's path to under $10. It's too early to choose one over the...
Ethereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (1D Chart): Details: The short-term outlook describes that the 1-red wave has peaked, and the following 2-red wave is likely to unfold as a Combination pattern to continue pushing lower. A rise above 124.54 would indicate that the 2-red wave has ended earlier than expected, and the 3-red wave is returning to...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). The broader context indicates that the 4-red wave is unfolding to push lower. It subdivides into the ((a))-green wave, and the ((b))-green wave is completing its role before the ((c))-green wave returns to push lower. In the short term, the outlook provides more detailed insights. The ((b))-green wave...
Got clarity since my initial idea (linked below) on January 12, 2024 . The alternative view presented there played out. For now price seems to be in wave 1 of larger degree wave 3. Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea. Shall update the idea as price develops...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Watching this gap fill as it slowly pulls back to 50DMA. Build long slowly based on broader market condition, don’t jump all at once. Long between 92-95-98 Stop loss - 90 Target#1 - 110 Target#2 - 125
FX:XAUUSD continues to grow. Since the opening of the session the price has been testing 2350 but has not been able to update the maximum yet, having formed a correction to MA-50. CPI is ahead and the market stops and goes into a waiting mode. There is a huge imbalance in the market. The news can provoke strong sell-offs, provided that the price breaks...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #ETH Roadmap bullish variant. It's been a month. 🧵 Timing for the wave 4 of this variant on track. Important things are W2 count reliant. Alternation, Geo, and fibs. So keeping an eye on alt counts as well. Below 3k where 🤨
Reddit has deceived the IPO buyers but the chart might be hinting at a turnaround. Elliott Wave theory suggests a possible 5-wave downtrend is ending. The current rise could be a wave 1 up before the real rise. Keep an eye on $47.50! If price breaks above this resistance level, things could get bullish, with a potential reach towards $58-$60 at first with a...
In analyzing the gold chart using Elliot Wave theory, a pattern emerges that aligns with the concept of an ending diagonal consisting of five waves and five subwaves. This pattern is indicative of market sentiment and can be influenced by various factors, including economic crises and geopolitical tensions such as those arising from conflicts like the...
DCA x1: Fibonacci 0.5 DCA x2: Fibonacci 0.618 ~ Bottom of a long low tail between 0.618~0.886 Stop loss: When the 3-2 impulse is broken (-0.86%) Target price: $72,000 Reward/Risk: 6.92/1 It is probably the send lowest price point to enter a highly leveraged BTC long in the 1st half of 2024, following the low of the previous 3-2 move.
BTCUSD Elliott Wave Technical Analysis Mode: Corrective Structure: gray Wave 'c' Position: red wave (w) Direction Next higher degrees: red wave (x) Details: gray wave 'b' completed at 71391.72 and gray wave 'c' is in play Target : this is not a trade it just an analysis for my personal review. Wave Cancel invalid level: Daily closing above 70k. Disclaimer: This...
This is 3 of the 3 counts I currently Cosider for BTC.
This i 1 of the 3 counts I currently Cosider for BTC.
This i 2 of the 3 counts I currently Cosider for BTC.