According to the previous analysis, it went around the target but did not touch the neck line. It has now gone through a full cycle where its correction after the dynamic touch trigger has again met with support. It has several points. 1- It looks like a triangle corner pattern is being made. 2- The reversal pattern is forming. 3- If the swing range of...
In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ...
The price is moving sideways after a bearish week. On the weekly timeframe, FX:EURUSD formed a doji candle, indicating indecision in the market. The price has broken through the important zone at 1.07000 - 1.072000. Most likely, the price is going to trend downward towards the demand zone 1.05000–1.05500. I think the market will make a pullback, taking...
Hi Realistic Traders, let's delve into the technical analysis of BINANCE:MANTAUSDT ! On the Daily timeframe, MANTAUSDT is presenting a clear double-top pattern , a classic bearish signal indicating a potential reversal from an uptrend to a downtrend. The recent breakout of the neckline, paired with a surge in volume above the volume MA line, amplifies the...
Analyzing the options chain and the chart patterns of DXCM DexCom prior to the earnings report this week, I would consider purchasing the 137usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $5.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
In the monthly time, as mentioned in the previous post, after the correction in the form of a smaller valley that formed the cup pattern, it completed the correction wave 4 and is currently in the ascending microwaves of wave 3 of 5, which as In the daily time frame chart, it can be seen that it is moving in an ascending channel, which is currently broken from the...
In the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas. »»»«««»»»«««»»»««« Please support this idea...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
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,...
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...
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...
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...
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...
BINANCE:BTCUSDT is slowly climbing upwards. It is about to potentially break through the downward channel border and update the highs. The market broke and closed above the significant level at 65,000. Also, it broke the structure, making higher highs and higher lows. I expect a short-term rollback to the support level, then growth from the support level to...
The price perfectly fulfilled my last idea. BINANCE:BNBUSDT moved higher and closed above the key level at 600. However, the market has started moving sideways following a break-through. It is forming the compression channel, which might be a trend continuation pattern. It is heading toward the top of the range zone on the daily timeframe. If you look at the...
The price perfectly fulfilled my previous idea. It hit the target level. The market bounced off the support level and made a pullback towards the swap level. FX:NZDUSD made a fake breakout of the previous week's high. I think if the price grabs liquidity above the resistance high, it might move lower because we still have a bearish trend. One thing to mention is...