Purchase zone 0.82-0.525 Purchase level 0.66 Total volume price 1.704
We can expect further sells from nas100 as a wave 5. The wave 4 is a triangle correction pattern. Wave 5 is always a motive wave( 5 waves ). Note that the wave 1 and 4 are not overlapping. We often use wave C as invalidation level on a triangle pattern.
Price is trading in an impulse phase, projecting a potential wave 4 minor drop then making a wave 5 high. Wave 2 retraced more than 61,8 Fibonacci level which tells us that wave 3 will complete at 2.618 Fibonacci extension level. Often wave 4 retraces 38,2 of wave 4. Also, keep in mind a base channel.
The bullish bias is still in play, and the A-B-C zigzag correction retraced relatively deep to close to 78,6. We have an invalidation level for the bullish bias key to focus on it.
Price is trading in an impulse pattern, we have wave (4) as a triangle pattern expecting a sell-off for wave (5) completion. We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.
We're looking at a bearish corrective pattern. We are in a wave A which can potentially reach 38,2 Fibonacci level. We can expect a minor drop next week before the wave B correction. The wave A is clear impulse pattern waiting for the wave 5 completion.
We're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.
Double correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level. Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.
We're trading in a wave 5 phase, further sells expected. Wave 5 is always a motive wave(1-2-3-4-5) we already have a 1-2 scenario where we can expect a sell-off as price is trading at 61.8 Fibonacci retracement level.
Why do I think so? According to one version, the growth ended at 68944.62 with the fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010! The price is lowered to the level of 15495.37, which may be the first wave Adjusted by 31799.86 (second wave) And it can give a third wave to the new Global zone 7577.63-3629.76 By making the...
I didn't look what happened there! But clearly, something happened In a week, the price just collapsed by almost 73%! The control zone was simply stitched, there is not even anything to catch on, but there is a zone on a smaller TF! The price has already left the buy zone, but is under the price of the total volume in the control zone from the uptrend! While I was...
Global Buy zone 0.4374-0.2353 The purchase level of 0.3208 has worked out Now the price is in the buy zone 0.5795-0.4879 Which is located in the local purchase zone 0.5663-0.4080 Buy level 0.4933 Volume price 0.8805 There is a probability of entering the Global ZONE!!! Bucket 0.32!!!
First bias we are in an A-B-C zigzag correction where waves A and C are equal After wave C we can expect the price to start selling. The second bias we are in an impulse pattern, of which we are in a 3rd wave phase which could be projected to 1.618 Fibonacci extension level. What do you think what's your view? - Zig-Zag correction - Impulse pattern
Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
The USDZAR seems ready to be bullish, no long ago we anticipated a correction for wave (2) which then occurred and traded to a 50% Fibonacci retracement. The upside will last a lot longer we can expect it to break the previous high with a Fibonacci projection of 1.61.8 as that is common for wave 3s to extend to that level.
I set the levels for the global impulse (white) 495.0-237.0 Received the control zone 54.32-26.01 and the global purchase zone 6.41-1.58 The purchase level of this zone is 3.56 Set the levels according to the local pulse (white) 13.3-9.54 Got the purchase zone 4.86-3.47 Total volume price 11.2326 I do not expect a sharp exit, there will be...
We're in a bullish sequence on USDZAR, we're in a wave 3 phase which will unfold as an impulse wave. USDZAR will most likely trade bullish based on inverse correlation where XXXUSD trades on the bearish side. We can expect a minor pullback which may result in a significant buy very soon.