Overview: in the update of last week, I had TSLA in wave b of 2 developing as a triangle and had 145 area as a potential target for wave 2 bottom. Update: this week we broke down through the support line of the triangle, indicating the start of wave c of 2 as we expected. I see wave (IV) of c of 2 completing early next week, leading to the final push lower to...
Hello friends. We have opened a relatively large long position for Bitcoin, risking about 1% of our capital. Our reasoning for this long position is based on the overwhelmingly bearish sentiment from content creators, the recent bankruptcy of Silvergate (seems like fade the news, similar to FTX bankruptcy in the days following the fallout contagion), and our...
Can be... it's valid... and if so, it's looking strong, maybe too strong to finish above the October's low, making it difficult to keep the triangle projection valid...
Overview: let’s review the key notes of the previous update: We have peaked for wave 1. 2 scenarios for wave 2: red path is that wave 2 bottom is in and wave 3 has started. Green path is that we are still in wave 2 developing as a flat. Update: the price action of AAPL was exactly as we expected. We went higher before rejection and moving downwards to...
According to the price chart, it is located in the overlapping area of the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of...
#AUDJPY #ShaneElliottWave #Shaneliot AUDJPY || Elliott Main wave count || 9 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: AUDJPY Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Third Wave (Orange- Subminuette degree) ---
#EURAUD #ShaneElliottWave #Shaneliot EURAUD || Elliott Main wave count || 9 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: EURAUD Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Fourth Wave (Purple- Micro degree) ---
#AUDUSD #ShaneElliottWave #Shaneliot AUDUSD || Elliott Main wave count || 9 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: AUDUSD Timeframe Analysis: 4H Expect Main Elliott Mode: Corrective Expect Main Structure: Double Zigzag Position: Wave (c) (Green- Minuette degree) ---
Ethereum - slightly different count then bitcoin but still the same outlook Bullish - need reverse soon over 1300 and see it test back around 1800 to be setting up to a push to 3200 area bearish - get down 1250 and lower with an abc correction up setting up to move down ~500 for a 5th wave not financial advice
Bitcoin overall macro I'm leaning bearish at this point, but we are in 5 waves up and have a potential for a bullish run. Bullish - This is a crucial price area for a potential reversal 20-18.5k. Looking for 5 subwaves up and testing back to the ~24k area Bearish - Getting down to 17-18k with an abc up would point towards the 10-11k 5th wave bottom. not...
Buy/long Bitcoin at 17600, because there is an unfilled GAP between the previous candles. It's the start of the huge parabolic uptrend, and the bulls will most likely defend this level! It looks like Bitcoin is going to reach levels above 25000 after we fill the GAP and complete this Elliott Wave corrective pattern (ABC). Currently, we are in wave B. Why...
Looks like Filecoin may have found a temporary bottom. I'm looking to add to my current position and ride to the targets.
you should take a short position on gbpaud and put a long pending on the tick that i mentioned in the picture. elliot
My fundamental analysis , i expect the continuation of the inflationary pressure around the world that's why i'm still very bearish in crypto currencies. Here i'm waiting for the continuation of the uptrend with a nice quintet elliot wave, targetting fibonacci 2.618 and may be more 3.618. * What i share here is not an investment advice. Please do your own...
USDCHF is currently consolidating. The price is stuck between 2 horizontal key levels that compose a range. 0.9425 - 0.946 is the resistance of the range. 0.9285 - 0.9306 is the support of the range. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios: If the price breaks and closes above the resistance of the range, a...
Today, will have a swing trade (NFA). EW says that will have another two legs up. try to buy within the accum rectangle and set the SL . Good luck.
Check out my last analysis about bitcoin, it gives you great vision about what's going on. clearly there was an impulse wave as i counted in the chart and now the correction is happening but this but this correction is going to take a little bit more time to finish . I demonstrated a authentic supply zone in the chart. You can start buying when the downtrend...