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...
Looking at the latest data that appeared, we find that it made three bearish waves and followed them with three corrective upward waves... leaving another large bearish wave consisting of five internal waves retesting the bottom from which it rose... and we find that this is a large triple correction on the monthly frame, and this is a very healthy correction. In...
I see the big rise that was achieved from the bottom in the form of only three waves. This is a corrective rise and not a motive. Let us just wait and see what will happen.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do...
From the chart, I see that it has executed three corrective waves, and currently the last slight sideways rise is underway and the strong decline begins again.. All the data is on the chart. Good luck. In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for...
USDCNH is caught up in a tightening triangle, but bullish RSI divergence indicated a higher probability of a break to the upside. Partial targets are shown in orange.
Bitcoin has been going sideways in the past weeks. Why? If we take a look at the chart, we can see that the price is inside this symmetrical tightening range. The only thing we can currently do is trade the range (sell high, buy low). Otherwise, we need to wait for the tightening range to show us the direction! Will it break up or down? Let me know in the comment...
The crazy run up of NFLX has been an almost straight line - which always makes me suspicious. To my observation retracement-less runs are mostly corrective. A healthy impulsive move has significant retracements (ie. Wave 2 is normally 61.8% by the books). Also noteworthy that the May 9, 2022 low is extremely oversold and the stock bounced without RSI divergence....
The chart pretty much speaks for itself. It looks like we are sub-dividing yet again. This drop from 05 April @ $253.96 is either another sub-division or it is the wave 1-2 of C forming with wave 3 of C of (C) coming soon to complete the larger A wave. The multiple boxes show the normal ending for the different sub-divisions with the red bordered box showing where...
Price continues his last leg upwards in Elliot wave Rectangle Reversal upwards Looking to buy retest of breakout