Gravity33

Gravity33

Hi Elliotticians, ETHUSD can be trading in a leading diagonal down from the 3581 high on the 30min chart, now unfolding final wave 5, with projection target at the Fib. ratio of 0.618 (2950/2920 region). At the mentioned fib. ratio support can be seen for a fifth wave and a reversal into a three-wave a-b-c move. Trade well.

Gravity33

Hi Elliotticians, BTCUSD is trading bearish on the 30min chart. I labelled a five-move down into a wave 5 of a higher degree, where price can now be ending a sub-wave iv of 5. Sub-wave iv looks like a triangle correction, which means one more leg lower is coming. An impulsive break below the 39285 mark would be a confirmation that a triangle correction is...

Gravity33

Hi Elliotticians, USDJPY is trading impulsively bullish on the hourly time frame. I am tracking a bigger, five-wave move, where price is currently unfolding a wave 3 of this move, and its five-wave sub-structure. Wave 3 can be in final stages, as latest recovery from 124.76 lvl. can already be labelled as sub-wave v of 3, with Fibonacci projection targets of...

Gravity33

Hi Elliotticians, ETHUSD is moving nicely. A completed impulse in A or 1 down from 3581 mark, followed by a completed correction in B or 2, and latest sharp and impulsive decline can be a wave C or wave 3 in progress, if price declines even lower. Wave C can still be unfolding its minor corrective wave iv, which means one more leg lower as wave v of C can be...

Gravity33

Hi Elliotticians, ETHUSD made an impulsive drop from the 3309 lvl., which confirmed a completed correction in 4, and now a wave 5 to be underway, ideally towards the Fib. projection target of 0.5, and towards the lower parallel channel line (3105/3080 area). Once wave 5 fully develops with its five-wave sub-structure and finds support, that is when a new A-B-C...

Gravity33 Updated 

Hi Elliotticians, ETHUSD is trading similar as Cardano, however here price can still be unraveling a possible triangle correction in wave 4, which means, wave 5 lower can still be in the cards. That said, a five-wave, a-b-c-d-e contracting move needs to be seen in fourth wave, before a triangle may be regarded as completed. Also a new impulsive drop would confirm...

Gravity33

Hi Elliotticians, cardano fell nicely, which means corrective wave iv had ended at the 1.1 mark, and now wave v is underway, ideally targeting 1.0 projection target. A completed five-wave sub-structure in fifth wave and a new sharp, impulsive bounce would suggest a fifth wave (v) as part of a bigger bearish impulse to be completed, and that a new three-wave a-b-c...

Gravity33

Hi Elliotticians, Cardano can be trading in a downtrend on the 30min chart from 1.245 lvl. Waves i-iii can be completed, which means current sideways and choppy movement can be part of a correction in wave iv, with possible resistance at the Fib. ratio of 0.382, and at the upper corrective parallel channel line. If price starts impulsively dropping from current...

Gravity33

Hi Elliotticians, Tesla made a sharp drop from the 1153 high, which is an indication that impulsive wave 3 is completed (it found a high at the Fib. projection target of 2.0), and that a correction as wave 4 is underway. Support for the correction can be at the former swing low at 985.2 level, also area where Fib. ratios of 0.382 and 50.0 are located and can react...

Gravity33

Hi Ellioticians, this is my current look on the AUDJPY. A possible bullish advance unflding, up from 90.76 level. Price can be in a black wave (iii), with possible projection target of Fib. ratio of 2.0. At the mentioned target a correction can start developing. Wave (iii) is an impulse, therefore five legs must unfold within it, before a correction as wave (iv)...

Gravity33

Hi Elliotticians. Current corrective price movement on the hourly chart of EURJPY is a sign that market is in a pullback, and that prices may trade slower for a bit, before the upward price activity may resume. A shallow correction can be underway, labelled as an W-X-Y move, which can find support at the lower parallel channel line. If price suddenly recovers in...

Gravity33

Hi Ellioticians, GBPAUD weekly time frame suggests a big, bearish, three-wave move to the downside from the 2.71 high. We labeleld a completed impulse in A, followed by a possible completed triangle corrective pattern in wave B, at the 1.954 lvl.. This year's sharp decline, and a break below the lower triangle line is a suggestion that the triangle correction can...

Gravity33

Hi Ellioticians, Tesla is trading impulsively bullish on the 30min chart from the 700.1 lvl. We labelled a five-wave advance in motion, where price can now be ending a wave 3. Ideally wave 3 will end near the Fib. projection ratio of 2.0 and price will start to retrace into a corrective wave 4. If wave 3 extends even higher, then 2.618 Fib. projection ratio can be...

Gravity33

Hi Ellioticians, USDJPY is impulsively breaking above the 111.67 lvl., which is an indication that an a-b-c correction at 101.42 is finished, and that a new 1-2-3-4-5 move is underway. Current recovery can be part of a wave III of an impulse, so more upside is expected. As a side note: in any case be aware of temporary pullbacks along the way; minor pullbacks...

Gravity33

Hi Ellioticians, silver is trading choppy and corrective for the last year and a half. We see a possible completed complex correction in II, down from 29.87 high, which means more upside can be expected for silver in the long run. At the moment we are observing an idea of an Elliott wave leading diagonal in blue wave 1 of III, which is a wedge and still needs two...

Gravity33

Hi Elliotticians, gold can be trading in a five-wave, bullish impulse, now ideally unfolding a wave (V) of a higher degree, up from 1783 lvl. That said, sharp impulsive activity from the mentioned level is a confirmation that wave (V) is unraveling. Possible resistance and reversal zone for wave (V) can be around the Fib. ratio of 0.382 and 0.618, and near the...

Gravity33

Hi Elliotticians, Amazon.com is making a bullish impulse on the weekly time frame, and can currently be ending a corrective wave IV of a higher degree near the Fib. ratio of 0.382 and 0.50. A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway. Alternate scenario indicates a...

Gravity33

Hi Elliotticians, NVIDIA Corporation can be making a bullish impulse, up from 2014. At the moment however we see price in a temporary decline, which can be a correction in the making; wave IV which can unfold as a three-wave correction and look for support at the Fib. ratio of 0.382 and 0.50. Trade well!