Short Term Elliott Wave View on S&P 500 E-Mini (ES) below shows that the Index ended wave 3 at 4206.25 and pullback in wave 4 is proposed complete at 4062.25. This view will get validation if the Index manages to break above wave 3. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 4176.25 and...
Short term Elliott Wave view in Exxon Mobil (ticker: NYSE:XOM ) suggests that the decline from 4.28.2023 high took the form of a 5 waves impulse. Down from 4.28.2023 high, wave (1) ended at 115.64 and rally in wave (2) ended at 117.30. The stock resumes lower again afterwards. Down from wave (2), wave 1 ended at 114.45 and rally in wave 2 ended at 115.22. Stock...
This is my count for INJ/USDT, currently correcting for wave 4. usually after a strong bullish move wave 4 is a shallow correction especially if consider the rules of alternation because wave 2 made a deep correction, I am expecting wave 4 to correct between .236 of fib or .382. there's still a wave 5 I am expecting. (i don't trade wave 4's personally, one of...
EURCAD is showing us the perfect impulsive wave. As we can see, we are currently on the 4th wave correction which is an ABC wave. We are on Wave C now, which has 5 waves. We're expecting the final 5th wave higher, which will be broken down into 5 subwaves. 4H Timeframe Trade Idea: - Watch for break of red trendline for confirmation that we've started the 5th...
impulse abc impulse and so on and so forth and nothing new under the sun and round and round the merry go round i'm dizzy now nfa y axis only dyor and more letters to pass the gate and some time
Exxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85...
S&P 500 ETF (SPY) cycle from 10.13.2022 low is in progress as a diagonal 5 waves. Up from 10.13.2022 low, wave 1 ended at 410, and wave 2 pullback ended at 380.46 as the 1 hour chart below shows. Wave 3 is in progress with subdivision as a 5 waves impulse Elliott Wave structure. Up from wave 2, wave ((i)) ended at 402.49 and dips in wave ((ii)) ended at 389.33....
The position has been accumulating for over 300 days, the price has surpassed all lower zones and removed important external liquidity, the targets remain only higher in the form of EQH. A good reaction to the FF imbalance can be seen, and now this reaction should lead to the removal of EQH. Against the potential decrease in dominance and signs of strength in...
CL_F (Crude Oil) favors higher in 5 wave Impulse Elliott Wave sequence as wave 1 before pullback starts. It placed (B) at $64.12 low on 3/20/2023. Above (B) low, it placed ((i)) at $71.67 high & ((ii)) at $66.82 low. ((ii)) was 0.618 Fibonacci retracement of ((i)). It favored ended ((iii)) at $81.81 high on 4/04/2023 high as extended ((iii)). Within ((iii)), it...
Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low,...
AUD found some sellers this week and most likely after lower CPI figures reported from Australia which means that RBA is most likely going to be on hold. It's coming down from 0.68 after RBA did not change their rate decision. The recent recovery on Aussie from 2023 low looks corrective, thus it can belong to a bearish trend, especially if we also see a break...
Silver (XAGUSD) broke above the previous peak on 2.2.2023 high ($24.62). As a result, it now shows a bullish sequence from 9.1.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.1.2022 low targets 26.91 – 31.23. Near term, cycle from 3.10.2023 low is in progress as a 5-waves nesting impulse Elliott Wave structure. Up from 3.10.2023 low,...
So similarly, AUDJPY has the similar sell price action like CADJPY. Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter. IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse. So its in our best interest to...
Hello traders: CADJPY is looking very nice for some short term bearish continuation sell. We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction. Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating. This is a good sign we can see more downside...
Hello everyone: Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term. Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011. IT had slowly but surely dropped down to the lows again around 13$ in end of 2015. Understand...
Gold Miners ETF (GDX) is close to breaking above the previous peak on 1.25.2023 high (33.34). A break above will open up a bullish sequence from 9.26.2022 low favoring further upside. Near term, cycle from 3.10.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.10.2023 low, wave 1 ended at 29.95 and pullback in wave 2 ended at...
Hello everyone: Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside. After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal. At the of the week, some bearish price action has begun on the lower time frame. Be interesting to see...