The current technical analysis of the Dow Jones Industrial Average (DJIA) using the Elliott Wave Theory suggests a continued bullish momentum could be on the horizon. This pattern is identified by a clear impulsive five-wave structure followed by a corrective phase. Currently, the chart exhibits the completion of Wave 4, a typical retracement following the strong...
As we gaze at the chart, we observe a thrilling narrative unfolding for gold, with the Elliott Wave pattern serving as our guide. Currently, Wave (5) appears to be in its final act, an exhilarating completion to the motive sequence that began at Wave (1). If my interpretation holds true, we might soon witness a shift in momentum as the pattern completes and gives...
Time Frame: 4H Symbol: GBPUSD Entry: 1.27456 TP: 1.28201 SL: 1.26950 Bias: Long The current value example of GBPUSD is showing a bullish bias. The bias is solid and can proceed ,so our stand is for taking a buy exchange .
The 15-minute chart for Light Crude Oil Futures showcases a striking Elliott Wave progression. The upward impulse is evident with waves (1) through (5), signifying a bullish phase within the market. Now that the peak of wave (5) has been established, it signals a pivot towards a corrective phase. The A-B-C pattern, characteristic of such a phase, is set to...
Observing the BTC/USD pair on the 30-minute chart, the Elliott Wave structure is unmistakable. The five-wave advance – waves (1) through (5) – has been textbook, showcasing the impulsive nature of Bitcoin's recent movements. We are now in the midst of a natural corrective phase, which typically unravels in an A-B-C pattern following an impulsive rally. The...
As I analyze the US100 CFD on a 30-minute chart, it’s evident that the market has painted a vivid Elliott Wave pattern. The initial impulsive five-wave sequence labeled (1) through (5) has run its course, suggesting a strong upward momentum. Following this impulsive move, the market has entered a corrective phase, marked by the A-B-C pattern that Elliott Wave...
As I survey the AUD/CAD landscape on a 30-minute chart, the rhythm of the Elliott Wave pattern is clear and present. The completion of what appears to be an impulsive wave structure with waves (1) through (5) reveals a narrative of bullish progression, suggesting a temporary crescendo in price action. With the peak of wave (5), I now anticipate the onset of a...
As I examine the GBP/USD chart with a 30-minute granularity, I'm greeted by the unfolding narrative of an Elliott Wave sequence. The chart beautifully illustrates the end of a motive phase, with waves (1) through (5) painting a picture of the recent bullish sentiment in the pair. After the climactic high of wave (5), it seems the narrative is shifting, as the...
As I analyze the EUR/USD chart on the 15-minute frame, the Elliott Wave structure captures my attention. We've traversed through a five-wave ascent, marking an impressive rally. Now, as anticipated by Elliott Wave theory, the completion of wave (5) has given way to a corrective phase. We're presently observing wave (a) of this corrective sequence, and it's...
As I delve into the AUD/USD chart with a 30-minute view, the dance of the Elliott Wave pattern unfolds before me. I see a complete five-wave sequence indicating a potential shift from the prevailing uptrend to a corrective phase that typically follows such a progression. I'm currently witnessing what seems to be the commencement of the corrective wave A,...
As I examine the XAU/USD chart on a 45-minute timeframe, I am struck by the rhythmic patterns of the market waves, clearly unfolding in a sequence that speaks the language of Elliott Wave theory. The completion of a five-wave advance stands out prominently, signaling that gold's recent ascent might be taking a breather. With the crescendo of wave (5), the...
User Uploaded image Make a description based on this idea, do it in first person like I am the one doing it, as I want to use it for a post on tradingview ChatGPT Uploaded image ChatGPT Here's a description you might use for a post on TradingView, written in the first person as if you are analyzing the chart: "Taking a deep dive into the BTC/USD pair, I've...
Time Frame: 4H Symbol: GBPUSD Entry: 1.27226 TP: 1.27940 SL: 1.26679 Bias: Long Our bias for this instrument is bullish. We think the value level will skip up higher after a little drop. So positions should be taken carefully.
The EUR/NZD 15-minute chart showcases a classic Elliott Wave pattern, with a completed five-wave impulse followed by a corrective phase. The impulse wave, labeled (1) to (5), suggests the end of a bullish sequence, giving way to a corrective ABC pattern. We observe that wave (a) has concluded, and the pattern suggests that wave (b) has potentially finished as...
The EUR/CHF 15-minute chart displays an Elliott Wave pattern consisting of a five-wave uptrend followed by a typical ABC correction. After the completion of wave (5), indicating the end of the uptrend, the currency pair seems to be in the midst of a corrective phase. Wave (a) has been completed, and it appears that wave (b) has also concluded, often characterized...
On the AUD/NZD 2-hour chart, the price action is displaying an Elliott Wave pattern, indicating a potential end to the recent bullish momentum. We can see a completed five-wave structure labeled (1) through (5), suggesting the completion of an impulsive wave cycle. This is typically followed by a corrective ABC pattern. At present, it appears that wave (a) of the...
On the AUD/CHF 1-hour chart, we're presented with what appears to be an Elliott Wave pattern consisting of an impulsive and corrective wave sequence. The pattern shows a completed five-wave structure, suggestive of an uptrend, followed by a subsequent ABC corrective phase. As I interpret the chart, it looks like wave (a) has finished, and wave (b) has concluded...
On the US100 CFD 3-hour chart, I've been tracking a notable rising channel pattern, showcasing higher highs and higher lows, which is typically indicative of a bullish trend. The upper and lower boundaries of the channel have been tested multiple times, with the price respecting these levels, creating pivot points that are highlighted by the shaded...