📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
ABC correction finished. Waiting for bearish E.W. to form and become part of the triangle pattern. Triangle pattern is made by the Fifth peak of an E.W. and ABC correction. Fibonacci (on H4) is put between peak 2 and peak 0 of E.W. . On H1 it is on peak 4 to peak 2. It is like this because from peak 2 to peak 0 fibonacci 300% is too low. Note: whales are...
In Elliot wave principle analysis - Triangle is a figure of a trend continuation. It always occurs in a position prior to the final actionary wave, in the pattern of one larger degree. I.e as a wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple Zigzag. A triangle may also occur as the final actionary pattern in a corrective...
The leading diagonal pattern is very similar to the ending one. It consists of five sub-waves, labeled 1-2-3-4-5. Its first wave is usually the longest, while the third wave cannot be the shortest among waves 1, 3 and 5, and waves 2 and 4 are always corrective. Waves 1 and 4 should overlap. There are, however, few notable exceptions. First, leading diagonals occur...
As visible in the chart, we have a well-established bullish trend and market structure in the daily timeframe chart of ETH. Following the formation of a top on March 12th, 2024, the price initiated a corrective bearish move, corresponding to an ABC zigzag correction and retracing approximately 61.8% from the previous bullish move. Furthermore, the price has...
Crude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market...
📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Here we'll take a look at how the previous bullish cycle played out. By following Elliot Wave Theory, we can find a target for a potential...
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FUBO started its rally from $0.96 in March 2023 and reached $3.87 in August 2023. Since August 2023, it has been declining with the Elliot WXY correction wave. I think this correction will continue until the gap at $ 1.18 is filled. My guess is that this correction will continue until around $ 1.12-1.2. Unless it goes above $1.9, I am short FUBO.
Don't be worry about #btcusdt, we will see it on the top 100k, as soon as possible. #btc #btcusd #btcusdc
I don't trade them, but will help assess where BTC may be headed. On the 2 day you can clearly see 5 wave count down, then by theory, there should be a 3 wave correction, up, smaller, we've seen 2 of them, up and down, should be another up-side, but then I think ETH gets one more 5 waves down to the white line previous tops and in the 61.8-78.6 fibarea, for a wick only
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave. As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may...
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Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow...
Hello dear friends, I hope you're doing well. Before delving into Solana and Bitcoin analysis, let me reiterate two important points for newcomers and myself: 1. If you haven't profited from market dips or experienced severe liquidation, take a few days off from the market. 2. Avoid entering the market for revenge, as emotional decisions could lead to further...
Actually, it was difficult to get the gasp of using Elliot Wave on this kind of chart because it didn't work like usually do On H4 t.f., three Elliot Wave finished. ABC correction finish. A to B of second ABC is in process. I use fibonnacci from peak 2 to peak 0 and start with the level 0.50% to have a better idea of where the fifth peak will be. It should...
JIO FIN SERVICES LTD The series of 1-2 1-2 is good sign of a stock to give the multifold returns. Our stock JIO FIN SERVICES LTD is also making a series of 1-2 1-2 on daily chart and 4hourly chart. If you have the stock in your portfolio it is to keep it for multifold returns. I am not aware of any news on the stock but feeling it will go up even in this tense...
Upon navigating in smaller time frame these set of count have come to my notice. We are expected to fall more and hoping for wave 4 upside upto 21340-50. This is not a trading advise please consult your FA for any investment or trade execution.. Thank you.