The analysis mapping should be treated as idea sharing and not as financial advice. Trade at your own risk.
I think the NYSE Composite Index best shows where I think equities are at and where I think they are going. Primary wave 1 ended in October 2007, wave 2 in March 2009, and wave 3 in January 2022. Wave 2 is a zigzag that lasted 511 days and resulted in a 59.74% drop. Wave 4 should be any corrective structure other than a zigzag. It has been 784 days since January...
The mapping shall be considered as idea sharing and not a financial advice. Trade at your own risk.
Analysis Overview: In recent weeks, XAUUSD has been caught in a sideways consolidation, leaving traders pondering its next major move. However, a recent uptick in price action hints at a significant development. The question now is whether this surge represents the final leg of our Wave B or if the momentum will carry the price further up, potentially breaking...
Gold is about to enter its most important phase for a very long time. If it is in an impulse wave, then it will clear the $2200 to $2300 area and, longer term, target at least the $2800 level. If it fails the pink important zone, then it has been in an Ending Diagonal pattern and may correct very quickly to the beginning of it, around the $1600 level.
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are...
FX:XAUUSD continues to test the highs. Price is trading above ATH 2023y. Bull Run may not be permanent, market maker may form a false resistance breakout amid distribution exhaustion. The exhaustion of the strong rally can be seen on this chart. Price is at its highs after a strong rally. It is not profitable for the market maker to let everyone make money...
SP:SPX The 4 hour chart shows clearly how the 5048 level that was previously resistance has now turned support. The gap up was breaking that resistance in powerful momentum. Since then, this level has been tested twice as support. Weekly chart shows also this week has tested the low of previous week. Once we move above the previous weekly high, we will be off...
At least a significant part of C has been completed in price/time. But it is possible to extend to the price range of 90,000 dollars in this wave. I'm not going to talk about the price/timE probabilities of the next corrective wave in this post right now, and the larger pattern labels that the C arm is a part of that are implicitly displayed on the chart.
In the weekly cash data, we discussed the price and time dimensions of Part C of the bullish momentum pattern started in gold. On average, we expect this wave to continue until the end of May, with maximum goals, in the range of $2400. Wave C will have ascending and descending fractal parts, and in a suitable correction, we can buy. In case of correction from this...
Important RBS is 103.2 if it overlap so, possible we will see it go down to start point again.
short? PULL BACK is so close. Final 5th wave of 3rd might be still pending, still not sure about the move. if not the final 5th of the 3rd. we can see some consolidation for the 4th wave.
Bitcoin is currently re-testing the significant supply region from December 2021, where price spent almost a month failing to move higher after the initial move down from ATH. Since putting in a final bottom in late 2022, Bitcoin has rebounded strongly along with other risk assets. However, if this trend has been a corrective ABC move, the pattern looks near...
Here's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH. HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous...
the pullbacks of NASDAQ:CELH are getting shallower. This is the beginning of a parabolic wave iii of 3 rally.
still early in its powerful wave 3 rally. Targets to at least 400
We've completed a five-wave structure, removed liquidity above the previous high (ph), and on the linear chart, we're breaking the ascending structure (bos). These indicators suggest a probability of correction towards equal lows (eql), which act as a price magnet. After removing liquidity at equal lows (eql), I anticipate price action ascending towards the upper...