We might have seen the worst of the bear market for NKLA. The strong downside movement is part of a long term correction wich in the Elliott Waves Theory coincides with the ABC pattern.
Wave C is almost complete and is forming a wedge pattern with its wave 5 < wave C. That means that the following movement should be a new impulse which could start with the...
The title under analysis is showing a newfound strength that will allow it to reverse the long-term bearish trend. An accumulation phase has indeed been created, dictated by the sideways movement that has given rise to an "inverse head and shoulders" or triple bottom pattern. This is further confirmed by the decreasing volumes on the selling side, which are...
What we are currently observing on the Bitcoin chart is a short-term correction phase within a larger cyclic impulse movement. It appears that wave 2 < wave 1 < wave 5 is forming. Specifically, wave 2 has seen the completion of wave A and potentially wave B of its corrective movement. Therefore, we are waiting to see how the formation of wave C unfolds. This...
The chart shows a strong bearish trend that started in February 2021 and is not finished yet. It coincides with an ABC wave pattern of Elliott's Wave Theory. Despite this, it is likely that the price is near the end of this downtrend with the possibility of a new upcoming impulse. This is due to the fact that wave C of the ABC is forming its last wave 5.
It is...
According to the Elliott Wave Theory, KWS is currently showing potential for a rally, coinciding with the beginning of a new long-term impulse. Since September 2018, KWS has been undergoing a correction, graphically represented by the drawn ABC. The C wave is not yet complete, but the final 5th wave is underway and forming a wedge pattern. Its completion could...
Since May 2022, a potential inverse head and shoulders pattern has been forming. It has not been confirmed yet, as the right shoulder is still missing and undergoing completion. Once it forms and the breakout of the neckline is confirmed, we will have our entry signal.
I have also applied the Elliott Wave Theory for analysis, confirming the potential pattern for...
After a downside rally caused by the completion of an ABC correction, we have now entered a new impulse. It started in May 2023 and has already seen the completion of its 1-2 waves, currently forming wave 3. At the moment, we are considering two possibilities:
The formation of wave 4 < wave 1 < wave 3: In this scenario, we anticipate another impulse to complete...
