FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is...
FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly. Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is...
Final last wave of wave 3 is at completion stage, Wave four correction follows
GETTEX:NSE : NIFTY NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement. Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4. when waves 1 and 3 neither of them are extended and wave 4...
PEPPERSTONE:XAUUSD Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration. Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post. In this scenario, when...
My opinion is EGLD has already started it's bull market and currently in the minor 2nd wave of the major 5th. I hope it will first retrace to 50$-55$ area before the continuation of the 3rd wave. It can easily reach 250$-500$ area in the coming bull market. Let's see. DYOR. Always invest what you can efford
Gold is in wave 3 impulse and this will take us to $2500 where profit booking enables start of wave 4 with final push to wave 5 to $2800 range. We are in the midst of Gold bull market. Wave 3 can be long and vicious and so take the most benefit out of this current wave. Soon, the money will start flowing into Junior and mid cap Gold miners.
Bitcoin has finally entered the last long correction wave (c). This wave will experience highs and lows that will be tricky for traders, sometimes appearing little bullish and at other times super bearish. It’s important to be careful during this wave, especially for scalping traders, because this wave has sharp dips. The first area we are waiting for Bitcoin to...
#6 of Q4 Price is forming a top here. The small expanding ending diagonal last week could be the top, but it is taking some time to breakdown. If price do break the red support zone confidently, movement down could be swift. For conservative trading, take a 50% short position now before confirmation in case you aren't available to catch it. But leave a...
A clear ending diagonal, with a triple divergence on RSI (30 min).
Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for your money.)
It looks very good as an Ellliott wave impulse pattern, but really needs to continue pushing through $2300–$2400 in order to confirm the bullish trend.
When a diagonal pattern completes, it can retrace the entire move in between a third of the time and half of the time it took to form. Let's see if this happens...
Uncle Jensen is pumping DELL at NVDA GTC event. Taking a short term swing trade on this name. Long between - 106-110; or enter lower if it gives an opportunity. Stop loss- 94. Target 1 - 125 Target 2 -TBD If taking calls, manage your risk.
#BTC Narrowing down the #Elliottwave count Retracement of a B wave of a flat should at least 0.9 of a wave A(0.8 Accepted by some CEWA's) B of a flat can't be a flat(Yes according older book editions. Questionable according to EWI) Green areas=juice no matter the count
Gotta say that I hate memecoins cause they're killing the market for a long while. Despite that, Doge will move towards 0.2 soon. You can use Fib levels based on chart for trading in short term. Good Luck To Us All.
Light Crude Oil Futures (CL): NYMEX:CL1! As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely...
The XRP/USD weekly chart displays a pattern resembling a double bottom. If confirmed, technical analysis suggests a possible price target exceeding $3.93. Additionally, anticipated discussions about Ripple ETFs could potentially influence the price upwards. Some analysts also identify a fractal pattern similar to the 2017 Elliott Wave suggesting the possibility of...