Wave 5 can be an absolute unexpected beast of an extended move. But if everything goes well even from this point in time, 130k would be a nice spot according to the current chart The show must go on
there is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
burger completed its 5 impulsive waves(0.20-28) and 3 corrective waves(28-0.28) after that price recently completed its wave 1 and 2. which is very close to the nearest bottom 0.28 Below this level, wave 2 should be considered invalid or should be considered Wave "C" continuity so if we check the risk-to-reward ratio, this is a very interesting level to accumulate...
Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level. The most...
possible W.4 retracement, finish of w. b and beginning of w.c heading towards 2200 ~ 2260 area
Currently we formed a Leading Diagonal on the 1H Timeframe. If we invalidate the Sturlture. I will put all my Longs into the Greens. ( Stoploss BE) We Should than not come back down again. Currently the Leading is Primary with Pump to the Upside as Secodary. either way I will be Profiting.
I personally would recommend. Hedge Shorting the Red box If u got a long in my Prime zone filled. about 50 to 100% of the Long Position filled in the 63380$ range.
Things on ANKR are looking up since BTC reclaimed the Monday Low ✅ () ANKR is showing promising signs with a breakout from its High Volume Node (HVN) following what might have been the close of a wave 2 at around the 61.8% Fibonacci retracement level. Ideally, we should now aim to surpass the Monday High and break through the 2-hour Supply level, pushing past...
FX:XAUUSD is stopping after a strong rally. The price tests 2400 and forms a local maximum, but what is surprising is that the market does not let the price beyond 2400 yet. The market is starting to gain liquidity at the expense of the buyer. Price comes back into the range after attempting to break 2400 and eliminates the buyers. The first bells are...
ASX: TRANSURBAN GROUP - TCL: 22 APR 2024 | Semilog Scale 1D Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The short-term outlook indicates that wave 2-red is unfolding, subdividing into waves ((a)) and ((b))-green, which have completed. Now, wave ((c))-green is unfolding, and it appears it will soon conclude, preparing for the resumption of...
Chromia appears to be undergoing Wave 2 of Wave C, with an anticipated further decline before the ascent of Wave 3 of Wave C begins. It's feasible that this additional low might not occur, and instead, the price could rally during Wave 3 of C. Traders are advised to gradually buy at support levels and sell at resistance. The projected price range for Wave C lies...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Same levels on watch since last update, when it pivoted at AOI. 🧵 I see a 3 wave move up, but honestly, doesn't matter. Many variations would benefit from at least one more low. $38 break and flip needed. $26-$22 AOI if lower atm.
Meanwhile BTC might be indicating a disaster ahead. Nice running ABC flat may terminate right at the resistance formed by moving averages on different timeframes.
looking at candles or line chart we see the same corrective wave we need to determine if its done or not... this would look a bit more natural if we came slightly lower here
Interesting levels showing up if you measure the "impulse and corrections" of waves 1-2 for each fractal, we could see projections here well into 100k ....the question is by when? will it gap or take years or not even happen and crypto crashes?
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #SOL been awhile. Can see a possible additional wave 5 to come. Needs to prove it. Flipped $120 from resistance to support, good for bulls. Break below, not so good. Looking for a clean impulse up. $162 is my level to see if it...
I think this would be the max Bitcoin could drop right now without essentially becoming worthless or non-existent. We should be long here, the question is when and how...this would be the most extended targets for a fairly textbook EW ABC correction, clear into the 1.618 extension
If we're taking off now we should get some expanding waves to the upside and through my trade plan this major fractal, if its going to play out will have us moving much higher.