Local bottom potential on Orai . Hard invalidation under the yellow (5) white C Current pattern looks like a flat with ending diagonal in a wave C. This is typical for a wave 4 to have a sideways corrective pattern. However, nothing blocks this from being a macro wave 2 once again.
Something a bit different from the 5th wave pivot. This B wave pivot from the bottom range of a rising wedge may result in the formation of the top right shoulder of a head and shoulder pattern. Worth watching for two reasons. The b wave up and the c wave correction. Raising wedge. Bearish ABC elliot wave. Bearish Head & Shoulder. Bearish B wave target 129 C...
2024-03-17 On St. Patrick’s day this pair looks greener once again after the Bitcoin mood turned negative this weekend and erased about a third of WIF’s gains in prior weeks. Since trading began in December, the pair experienced an Elliott triangle correction into the last week of February, when it finally took off in a clearly structured impulse wave that took it...
Gold has been very strong the last couple of weeks and it may very well just continue but I want to share my wave count (which I hope is following the rules of Elliott wave correctly). I believe we are in a very strong irregular wave B of an ABC for the wave 4 on the weekly & monthly TF. The wave B itself is a WXY formation. One argument against this idea is that...
BINANCE:BTCUSDT duration Halving2024 entry level(Pitchfork Trigger line):71949 Target price Daily Chart TP1:75487(5% profit) (entry level:71949 ) TP2:82282(14.5% profit) (entry level:71949 )
The time is 57 days before the 2024 bitcoin halving. Give or take a day or so. The bitcoin price is $52000. Give or take a few hundred dollars. The Elliott Wave Principle is the most accurate and meaningful description of market dynamics. Elliott called it “Nature’s Law.” The bitcoin market has unambiguously completed two waves, wave one and wave two, in an...
I say we killed the memes, now it's time to resurrect the dead. I was planning to buy Doge at the trend retest around 0.167, but I forgot. Now, if it goes above 0.187, I want to try long up to 0.25. It looks nice in terms of structure and I compared it to an Elliot structure, maybe it has nothing to do with it, maybe it is like that, it will work. Note: The only...
Decentraland (Mana) is about to go to the clouds once more again. Everything's set and ready; According to Elliot Wave Theory, phase 2 on weekly time frame has ended. We are ready for Wave 3, which is the wave you'd wanna be in for. In 3 day chart zone, RSI is strong. Also in 12H time frame as well. I checked it's on chain data as well, looks okay. Only Buy...
Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and...
Caterpillar (CAT): NYSE:CAT For Caterpillar, we are currently dealing with Wave (3), which is soon approaching its maximum at the 461.8% level of $385. Following this, we expect to see Wave (4) and then Wave (5), marking the end of our largest cycle, which concludes in Wave I. This sets the stage for building larger positions over the long term, although this...
Monero (XMR): CRYPTO:XMRUSD Monero (XMR) , like many other cryptocurrencies, experienced significant sell-offs but hasn't recovered as robustly as others. This lagging behavior presents an opportunity to capitalize on potential faster and more favorable entry points. Currently, it is believed that Monero might still be at the end of a Wave 2, which could be...
Polkadot (DOTUSD): BINANCE:DOTUSD For Polkadot, we are setting our entry on the daily chart for a potential Wave 2. We expect it to reach between 61.8% and 78.6% because we don't believe the correction has been completed yet. We're leaning towards the idea that we're dealing with a Wave ((a)), as a closer look suggests we're seeing a five-wave downward...
Upon closely re-evaluating Bitcoin, especially after witnessing this significant sell-off, we must increasingly consider that we're dealing with a Zigzag pattern rather than a Flat structure. As evident in the detailed analysis, we've reached the 78.6% level for Wave B at $71,000, followed by what appears to be an accumulation phase during which Waves ((i)) and...
We are filled on Ethereum. We expect this wave 4 either to end here or secondarly it could be the first leg of the wave 4 correction, the wave (a). Either way we expect Ethereum to rise in the coming days to either complete the wave 5 or wave (b). We will update you accordingly on the developments of Ethereum.
Since our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure...
Petrobras' ON N2 shares from Brazil are particularly interesting, notably due to their high dividend yield. As the largest oil producer in Brazil and one of the biggest in South America, this stock holds significant importance over the coming years. It has experienced a strong rise, with our Wave (2) starting at 2.2 Brazilian Reals. Since then, it has risen and...
This past week, the price gave us a hard time determining the peak of wave [ B]. Nonetheless, when compared to last week's update below, the outlook remains on track. I suppose we've just finished the predicted ABC zigzag in wave (Y), with wave A being an imperfectly shaped leading contracting diagonal and wave C being a nicely shaped ending expanding...
There are two school rules in this model: volumetric analysis and Elliott school Volumetric analysis: I placed three circles indicating the difficulty of penetration, but it failed three times. Two Stopping Volume and one Up Threat were formed. These shapes indicate the beginning of the decline, not the rise. As for the Elliott School: It is clear that the rise...