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...
VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up. Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching...
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,...
Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside,...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M) The outlook analysis suggests that Gold may continue to push higher, but there's a limitation on the upside potential due to the fifth wave. The target could be aimed at $2295 - $2327, and as long as the price stays above $2240, it's a positive sign for this bullish view. Any contrary forecasts against my...
Master of Elliott Wave Analysis: Shane Hua (CEWA-M) This outlook analysis indicates a continuation of upward momentum in Crude Oil futures. However, there is a limitation on the upside potential due to the fifth wave. Nonetheless, the overall trend remains bullish, so as long as the price stays above $82.29, this trend is strongly supported, targeting $84.31 -...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M) This outlook analysis suggests a further upward push in Silver futures with wave 3-red. However, it's still early to conclude this, so there's an alternative wave count (ALT Wave count) to consider. Nevertheless, approaching the target of $25.97 seems feasible, while maintaining a price above $24.82 is a...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Triangle variant, no triangle train tunnel vision, though. This would be ideal from here. Looking for a W(4) here to match (2). NGL and say this doesn't look impulsive.
Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our...
On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.
On the weekly chart we can see that the green demand zone is very strong so it looks like it doesn't want to go much deeper. It can be that the wave 4 sequence is finished with a WXYXZ formation, but i have doubts. Indicators show that it may need more time to finish the sequence. Currently we have a strong impulse which could finish around 1830 and we should have...
Primary bull count has us on wave 4 of iii of (iii) of V. Anticipated bottom 5116.25-5199.25 before move back up towards 5450-5550. Primary bear count has top in, (b) of IV complete, (c) would be impulse with bottom expected 2979-3300.
I see that there is a pattern forming that indicates the beginning of the expected correction of the Turkish lira against the US dollar. Please note that this chart is on a monthly frame. It will take a medium period to be implemented. From my point of view, according to this analysis and data, there will be a small rise near the area of 32 to 34 Turkish liras per...
Chevron (CVX): NYSE:CVX Examining Chevron's charts, starting with the weekly chart, we believe the first cycle concluded at the level of $120 in July 2014. That's quite some time ago. Since then, we've also developed Wave II at $51.60, coinciding with the COVID-19 low, marking the end of Wave II. From there, we've constructed the initial impulse waves...
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Favourite count Running Flat Minute (Brown count) Inside Double3 Minor (Blue count)
Hello Dears I expect Bitcoin to continue to fall In the continuation of the fall, we have two scenarios Or the 5th wave is over and now there is the beginning of a heavy fall, which is unlikely Because one wave has become three waves! The second scenario is that the third wave has just been completed and now the fourth wave is being completed and then the fifth...
Corrective channel, EW Flat - wave C has a complete 5-waves internal structure. Price is also at DMA200.