Now the price seems to draw convergent triangle in the correction wave 4 of the wave 3. Wave in wave in wave. Happy announce to you that we have 1 more year of bullish market. Just stay in your favourite altcoins until BTC dominance is not <35%.
NVDA with a to the penny bounce on a trend line. This converging line is apart of a price pattern that usually means “go long”. If we are right we are rich. If we are wrong, we’ll know quickly. No better place to buy.
FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the...
Here I have USD/CHF on the Daily Chart! I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!! If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!
Expected the second part of the Double three to develop. Could be a Running Flat, Regular Flat or Expanded. The other scenario is that a 3rd wave already begun.
Uber (UBER): NYSE:UBER We've recently added Uber to our portfolio, noting its astonishing 400% rise from the COVID-19 low of $13.71. This surge is significant, and we anticipate that in the current wave 3 we're experiencing, the price could reach between $101 and $201. The precise target seems to lean towards the $101 mark, aligning with the 161.8% extension...
Lido DAO : BINANCE:LDOUSD We've recently added Lido DAO (LDO) to our portfolio. On the daily timeframe, we are in an uptrend within a major Wave (3). The subordinate Wave 3 has already commenced, aiming for at least $5.45, potentially up to $10.43, which we must mark as the maximum. The current all-time high is at $5.20, with the all-time low at $0.40. A...
Cocoa reached maximum fib extension 4.236 on weekly time frame at around 10000 level. The correction of at least 30% underway. I suggest ABC now.
Bitcoin has yet to significantly surpass its all-time high, as we are still hovering just below the $69,000 mark. It might now be time that we could see a Wave (4), which should lie between the 38.2% and the 50% Fibonacci retracement levels. We believe that around 38.2%, specifically at $50,277, we might see a substantial amount of buying volume. Depending on...
As long as the price doesn't go lower than the £420–£415 level, then the ending diagnal pattern looks on. However, if the price breaks below that level, then another pattern could be playing out.
If the market continues to rise without a large pullback starting soon, then this ending diagonal pattern would be an option. The small caps don't really support this pattern yet.
During the overnight Asian session, there was a release of Australian CPI data, indicating that inflation remains stable at 3.4%, which is slightly below the expected 3.5%. Consequently, we can anticipate that this news could potentially drive the Aussie lower on maybe dovish RBA, who may try to follow other dovish CBs. From an Elliott wave perspective, we are...
ARM may be finishing up its 4th wave in an ABCDE correction. Confirmation that the 5th wave has started would be received with a close of the candle above the descending trendline. The 5th wave would potentially target the $200 level. This idea will be invalidated should price break below $121.49.
Update on DXY's Movement: The DXY has hit our projected targets in DXY Rebound Alert: Prepare for the 104-105 Swing and completed its last wave in a WXY pattern, with a truncated Y wave. Following this, we've observed a downward trend, with the DXY breaking through the main price channel. We anticipate a decline from the current area to the Fibonacci levels...
You can see from the chart, starting of Wave 1 in March 2009, till today's Wave 5, I believe S&P is reaching the end of it's five wave cycles. The white line Wave 5 is reaching the Elliott Wave upper trendline channel (yellow). I don't think a "throw over" will happen, for sure, it is probably just one month away from reaching the upper trendline. On the...
Based on my personal view, the EURUSD pair may be on the verge of forming a bearish rising flag pattern followed by a corrective wave to the 38.2% Fibonacci retracement level. This setup could pave the way for a continuation of the downtrend, offering a strategic entry point for short positions. Bearish Rising Flag Formation: We would need to closely monitor...
The price of gold will decline for a while. The price target is 2134-2100 or maybe more.
Bullish count (in green) has us working on wave 5 of 3 of 3 of 3. Bear count (in red) has us completing wave 5 of C of Y of B. Both counts have upper limit of 5443.75 for validity. Bullish count would have wave 4 of 3 of 3 complete in the 5100-5200 area. Bearish count is looking for a market top.