My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
Bonk High risk 4-5 setup. The 1-2setup is preferred over the 4-5 because it captures early trend movements. Note: Most of the market moves are in 3 waves; the 5th wave is not guaranteed, making the 1-2 setup less risky and potentially more profitable.
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. CFXUSDT Elliott Wave Technical Analysis Mode: Corrective Position: Wave (c)...
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...
Apple is still doing a 3-wave correction from Dec 2021. Last Thursday's 4+% gain showed 5 waves but I believe it is the C leg of an ABC correction from March, as shown in the daily chart. Such a strong move as day one from the bottom is typical for a "short squeeze" or a "bear market rally" because Apple has been down a lot already from the top. A true bottom...
Concerns about Bitcoin’s recent decline, driven by fear and a risk-off attitude due to Middle East tensions, have arisen. However, this appears to be a healthy correction within the ongoing uptrend, ahead of the upcoming halving. On a daily chart we are currently observing wave III after recent extension and there can be space for more upside, so after current...
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
ETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees...
We stick to our base case, which we've been tracking since January, the market may experience a significant retracement before resuming its upward trend. As previously stated, the market appears to have formed a double top with negative divergence against the RSI indicator, and after a modest bounce on Monday, it could fall to everyone's surprise.
BTCUSD Elliott Wave Technical Analysis Mode: Corrective Position: Wave (iv) of (c) Direction: Wave (iv) of (c) is still in play Details: Wave (iv) is still in play which I expected to be end around 66-67K. Next Direction: Wave (V) which will complete the next higher Degrees Wave (c) Target : the area between 60-58k Wave Cancel invalid level: BTC going above...
As explained in detail in the free weekly outlooks , check it out for the complete picture! D1 buying to trade the C up, looking for buy setups on the lower timeframes against the invalidation point 1st targeting the 100fib. Good luck and trade safe! Thanks for taking a look and if you like this idea hit the thumbs up to show your appreciation for this free...
Osol Solana Bullish long term Bearish short term I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
I have reason to believe Bitcoin is long, in the long-term, but for now I see a bit of a correction that should be expected. This would be the view of the approximate expected drop, before and good run higher. Keep in mind it is acceptable to just continue higher through my wave rules and it would simply change the counts slightly. **have a plan and trade that plan**
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.)
Still believe that the push up is just part of a corrective pattern. (see my previous chart!) I guess the week will begin with a bullish move to let the market breath after Fridays fall from heaven. Also, some fundamentals might give fuel for another push up before continuing further down.
One thing is clear this price chart is a mess! On almost all TF we have multiple three wave patterns which makes it quite difficult to read. However, I do have three possible outcomes but all will eventually lead to more downside momentum in the future. 1) The last WXY (in red) is currently in the wave x and price will eventually go higher and bounce of the...
I still have a long-term bearish outlook for AUDCAD but I do see two ways of getting there. 1) A regular three wave corrective pattern going up into the upper blue-green box and from there price will fall significantly. 2) Instead of a three wave pattern we could deal with a triangle corrective move and we just started the wave D which will be followed by a wave E...