In this USDCAD 15-minute chart, we are examining the potential for a BUY position based on Elliott Wave Theory. The analysis highlights the completion of three waves and indicates we might be nearing the end of the corrective wave (4), setting up for the next impulse wave (5). Currently, wave (4) appears to be retracing and finding support around key Fibonacci...
This 15-minute chart analysis of XAUUSD (Gold Spot/U.S. Dollar) suggests a possible SELL opportunity using Elliott Wave Theory. After observing an upward impulse wave sequence, we are currently in a corrective phase. The chart depicts a completed impulsive structure from points (1) to (3) and suggests a potential retracement as part of the corrective wave...
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The Fibonacci resistance level comparisons since the All-Time-High (purple) and the previous high (green) show a correlation to the main resistance at $29k USD. I am expecting a pump to at least ~$25k USD, which is the lowest fibonnaci resistance level since the beginning of March (previous high). I estimate the pump can happen from the 4th to 8th of July 2022,...
MOEX:RNFT is highly overbought and we must give time to let it to build up an energy a bit. My prediction is that it can find a bottom somewhere near 195. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
The chart shows a completed impulse wave (1 through 5), followed by the start of a corrective ABC pattern. Currently, the chart depicts wave (a) as complete and wave (b) in progress, with a potential wave (c) projected downward. The dotted line extending from the end of wave (b) suggests the expected path of wave (c), which is typically a move in the opposite...
For the USDCHF pair, my 45-minute chart analysis using the Elliott Wave Theory suggests a potential SHORT opportunity. We can see a complete corrective structure post an impulsive move up, labeled as waves (a), (b), and (c). With wave (c) underway, there's an indication that the market might continue to move lower. As per Elliott Wave guidelines, after...
Looking at the ETHUSD 15-minute chart, I'm contemplating a SHORT position, guided by Elliott Wave analysis. The chart shows a completed five-wave impulse to the upside, marked (1) to (5), which suggests the beginning of a corrective phase typically consisting of a three-wave structure: (a), (b), and (c). The initial corrective wave (a) is evident, and a bounce...
In this AUDUSD 15-minute chart, my Elliott Wave analysis suggests a SHORT position could be advantageous. The chart depicts a completed five-wave advance, followed by an apparent A-B-C corrective pattern in the making. The final fifth wave peaked and we are now seeing a typical retracement pattern taking shape. The corrective wave (a) has taken place, and the...
This 45-minute chart shows the GBP/USD currency pair in a clear ascending channel, indicating an uptrend. The channel is defined by two parallel trendlines: one connecting the higher lows and the other connecting the higher highs. The price action is currently near the upper boundary of the channel, which might act as resistance. If the pattern holds, traders...
The stock has given a multiyear Breakout in Monthly and continuing its momentum strong. It has decisively broken resistance ranges of multiple years 2010,2014,2015,2017,2022,2023. One may consider to enter on current market price and accumulate on dips for a target of minimum 410.
On the weekly chart of WOOUSDT, it appears that we are likely at the conclusion of Wave 4 or very close to it. This is inferred from the slight intrusion of Wave 4 into the level of Wave 1. In the volatile cryptocurrency market, such a minor breach is not considered a true break of the Wave 1 level for us, which is acceptable as long as it doesn’t lead to further...
Taking a look at the Gold market, we see a fascinating Elliott Wave formation on the XAUUSD 2-hour chart. It seems that an impulse wave has completed with the high of wave (3), and the market has since entered a corrective stage, finishing what appears to be wave (4). As Gold is a classic safe-haven asset, its price can be influenced by a variety of factors,...
On the NASDAQ (US100) 30-minute chart, we're seeing a compelling Elliott Wave pattern in action. The chart indicates the completion of wave (5), suggesting the end of an impulse phase and the beginning of a corrective pattern, marked by waves (a) and (b). We may now be in the midst of wave (c), typically the final leg of a corrective phase. The Fibonacci...
The DJIA (US30) on the 45-minute chart is showcasing a potential Elliott Wave pattern in play. After the completion of wave (5), indicative of the end of an impulse sequence, the index seems to have embarked on a corrective phase marked by an (a) and (b) wave structure. Currently, it appears that wave (b) might have peaked, setting the stage for the start of wave...
The S&P 500 Index on the 45-minute chart presents an Elliott Wave structure that's quite telling. We've seen an impulse sequence up to wave (3), followed by what appears to be a corrective wave (4) that has found support. Now, there's a projection for an ascending wave (5). In classic Elliott Wave fashion, wave (5) is expected to push higher, potentially reaching...
The NZDUSD pair on the 15-minute chart shows a potential Elliott Wave structure in play. It appears we have completed a full impulse cycle up to wave (3) and have subsequently seen a correction that could be indicative of wave (4). If this interpretation is correct, we're potentially looking at the beginning stages of wave (5), which is often a final push in the...
On the USDCAD 15-minute chart, there’s a discernible Elliott Wave pattern. It looks like we’ve witnessed the completion of an impulse phase up to wave (3), followed by a corrective phase that has formed wave (4), which is now complete or near completion. We can see potential for the start of wave (5), which is typically the last wave in the direction of the main...