Market Watchers, let's analyze the DJIA (US30) on the 15-minute chart. It looks like we're observing the Elliott Wave pattern playing out with an impulse sequence that might have recently finished with wave (5). This suggests that we could be entering into a corrective phase.
The chart shows that we may be in the beginning stages of an ABC correction pattern...
Traders, taking a close look at the Gold market, it appears we’re seeing some classic Elliott Wave patterns unfold on the XAUUSD 45-minute chart. The completion of what looks like a corrective wave (4) could be setting the stage for the next bullish wave.
With the price action breaking the descending trendline that connected the highs of the previous waves, we've...
As you can see, there is divergence on the downward MOEX:QIWI moving on the 1D graph with a high overselling. I'm expecting turning around and preparing of the baseline for the future leaps.
Goal number 1 is 490, which can bring more than 100% during 1-1.5 years.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast...
Taking a look at the AUD/USD on the 15-minute chart, my Elliott Wave analysis tells an interesting story. We've seen a completion of what appears to be an intricate corrective structure with Wave (4), and the currency pair now seems poised for an impulsive Wave (5). Based on this pattern, I'm expecting a push towards the 1.618 Fibonacci extension at 0.64765,...
Turning our attention to the USD/CAD pair, the Elliott Wave Principle is hinting at a promising opportunity for a bullish trend. According to my analysis, we've just witnessed the completion of Wave (4), and the setup looks ripe for Wave (5) to take the lead. This final wave could surge towards the 1.618 Fibonacci extension level at 1.39893, a compelling target...
Bitcoin's 15-minute chart showcases a potential end to an Elliott Wave impulse sequence, hinting at a bearish retracement. With wave (5) seemingly at its peak, attention now turns to the expected corrective waves.
For traders utilizing Elliott Wave theory, this chart offers a prospect for a SHORT position. The anticipated corrective phase is typically composed of...
Traders, let's take a moment to review the EURCHF on the 3-hour chart through an Elliott Wave framework. It seems we've just witnessed the end of a corrective phase with the completion of wave (4), and we might be on the cusp of a new impulse wave, potentially wave (5).
The ascent from wave (4) looks promising as it suggests the start of a bullish impulse. I'm...
Hello traders! Analyzing the EURUSD chart with Elliott Wave theory, we've possibly completed the impulse sequence with the peak of wave (3) and have embarked on a corrective wave (4). The retracement is taking form, and I’m monitoring the key Fibonacci levels of 0.382 at 1.06882, 0.5 at 1.06815, and 0.618 at 1.06748 as potential turning points.
The current...
Traders, it's time to dissect the GBPUSD chart with our Elliott Wave glasses on. On the 30-minute time frame, it looks like we've just witnessed the completion of an impulsive wave with the high of wave (3). As we navigate through the waves, we've potentially identified the start of wave (4), which traditionally is a corrective wave.
The market seems to be...
Traders, today we're dissecting the USDJPY pair with an Elliott Wave perspective. On the 30-minute chart, it appears we've reached the crest of wave (5), indicating the completion of an impulse wave sequence. As the waves unfold, I'm spotting the initial stages of a corrective pattern.
The chart suggests the start of a corrective (a) wave that could potentially...
Hello traders! I'm currently analyzing the USDCHF pair through the lens of Elliott Wave theory. It seems we've completed a classic 5-wave impulse sequence, with the chart showing a peak at wave (5). What I'm observing now is a potential corrective phase unfolding.
The start of an ABC correction pattern is taking shape, with wave (a) suggesting a strong move down....
Fellow crypto enthusiasts, I'm currently examining BTCUSD with an Elliott Wave lens. The chart reveals that Bitcoin might have completed an impulse wave marked by the peak of (5), and we seem to be in the midst of a corrective ABC pattern.
As the chart shows, wave (a) has made its move, and we’ve witnessed a rebound for wave (b), which suggests a potential for...
Hello, traders! Taking a closer look at the US100, I'm feeling optimistic based on my Elliott Wave analysis. After a rocky start, it looks like we've embarked on a new impulse wave sequence. We've witnessed a strong push upwards in waves (1) and (3), and it seems like wave (4) has just concluded as a shallow correction, staying above the 0.612 retracement at...
Hey traders! Diving into the DJIA (US30) chart, I’m currently bullish based on my Elliott Wave analysis. We've seen a robust upward move through waves (1) to (5), which leads me to believe we're now in a corrective phase, potentially carving out an ABC correction pattern.
The completion of wave (5) was met with a swift reversal, indicating the start of our wave...
Hello, fellow traders! I'm taking a long position on XAUUSD, and here's my analysis based on Elliott Wave principles. As we can see on the chart, the price action has recently completed what appears to be a corrective pattern, potentially ending the fourth wave of a larger impulse sequence. After a substantial decline, I've spotted signs of exhaustion as the price...
#EURUSD
Hello everyone, after yesterday's aggressive bullish movement in the news, during the Asian session, we reached the high of the previous day, followed by a reaction. The context has shifted to a short-term one, and I've marked the nearest target on the chart.
1) Stock is in uptrend in all major time frames.
2) Weekly is reversing from a pullback. Last week - weekly candle confirms reversal.
3) Daily price action as well confirms reversal, moved out of range.
4) RSI just hitting 60 in daily, RSI in lower timeframes apt for entries.
My entry : 520.
SL : 493.
Target : 613.
MOEX:QIWI - expecting 2 waves of correction before we will be able to get on the train that is going upstairs.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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