Tencent short based on: 1. Completion of 5 waves structure. 2. Fibonacci Extension level from wave 1. 3. RSI divergence. 4. 5-min corrective wave up.
Coinbase may be trying to throw us for a loop. Judging by price action I see three different options. The first one which is also my primary, is this (c) wave is creating a 3-wave move higher to the target box, and we should start to move higher in a mini-5-wave move. The second is we're still in our (b) wave and about to make OML for a mini-c-wave to finish off...
From my point of view, Ethereum is experiencing a Mega Elliott Wave like the one that occurred from October 2000 to June 2002, with almost perfect time symmetry. If so, we are at the beginning of wave 3, the price could reach 4200, and the 200-day support line will not be broken before the formation of wave 4. Ethereum recorded a 6-year uptrend channel breakout...
XLF normally moves quite slowly, but we may may be at a moment in which that accelerates substantially, even improving on what has been a phenomenal year. Weekly - Daily - The EW path drawn is what may be expected most commonly - we're looking for that or better.
I've stopped my martingale bot and am thinking of going full blown short from around 63000. So far, the price has followed the outlook perfectly.
On the weekly chart of WOOUSDT, it appears that we are likely at the conclusion of Wave 4 or very close to it. This is inferred from the slight intrusion of Wave 4 into the level of Wave 1. In the volatile cryptocurrency market, such a minor breach is not considered a true break of the Wave 1 level for us, which is acceptable as long as it doesn’t lead to further...
We had to reassess the situation with DOT on the daily chart and have concluded that we are still not seeing the completion of Wave (2). Why is this the case? Because the correction downward following what we assume to be Wave (2) is too brief in duration to be considered a Wave 2. However, the upward movement towards Wave B was surprisingly strong. Since we have...
If you find this information inspiring/helpful, please consider a boost and follow! Giving up a pretty decent Elliott Wave pattern here, but this pattern can be a bit tricky. So watching how it plays out can be one way to potentially gain some clarity and the next move. If it breaks down I would be looking for it to fall into the 50% and depending on how the...
If you find this information inspiring/helpful, please consider a boost and follow! Aero looks like it is in the midst of an impulse down. Though it is in the algo entry area, would like to see the LHs taken at some degree for the potential of a trend change. These levels are pretty obvious, so a break or reaction off of them would be a nice piece of confluence.
- The scenario with up move is still valid and my base case. - Bullish scenario invalidation at 2305
ETHUSD looks like it's trying to form a (leading) contracting diagonal, which would be a very bearish development. A median line tag above 2399.81 would complete the pattern.
Some major fractal waves completing here if we're to continue short with a valid ABC corrective wave back up here and its sub-waves (WXYXZ). With a few "red folder news events" coming out this week I actually really like this idea or something like it playing out, with some typical sideways/consolidating price action. With a long term bias of lower, these news...
I have altered my primary count to what I think is more accurate in terms of the largest wave structures. Area in orange ellipse was the "free money" wave (5) of iii, wave (4) that preceded it being a very rare (and incredibly bullish) running flat. For wave v, I have my bullish count in green and bearish count in red. There is a five-wave structure to complete...
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...
Not Financial Advice. The timing on a greater timescale could wrong but I believe in the predicted price movements
Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty...
- This is the main case right now. - Bullish scenario invalidation is at 2305. - We can go to all time high from here or stall at around 2395 to truncated wave 5.
Below is the analysis that I was banned due to wrote English in my local website. " In previous wave count, I thought sub wave 2 was zigzag. However, since now sub wave 4 is clearly zigzag so I have a better picture that sub wave 2 was expanded flat. One rule of Elliott's wave is normally wave 4 will not overlap wave 1 (there is some exception but I think it...