Bitcoin may have found its bottom at the $15,570 level. If this assessment holds true, it's possible that an impulsive leg upwards has completed the five-wave sequence characteristic of a bullish trend, indicating the first leg of this upward move.
Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs...
On February 2, 2023, the NZDUSD pair embarked on an impulsive move to the downside. Following this strong bearish activity, the pair entered into a consolidation phase that took on the form of a regular flat, which started on March 10, 2023.
As of May 10, we've observed a significant breakdown outside of the flat correction pattern, indicating a likely...
Price saw rejection around the $2,019 level, which appears to be the completion of a regular flat pattern while also coinciding with the previous resistance established during the August 13, 2022 highs. My primary target for this short is set at $1,659, which corresponds to the equal leg target of the previous bearish impulse leg down. Continued consolidation...
Nike seems to be in a long-term correction where it has completed wave A and now looking into forming wave B. Within wave B, wave A and B seem to be completed in a nice text-book style flat correction. Wave 1 of C seems complete. I will look at the behavior and reaction to the upside in the coming week to confirm my bias.
The pair suggests a completed flat correction on the Weekly. This could be a start of the C leg on the weekly. On the 4 hour chart, there's a bullish divergence and a possible uptrend to test the highs at B, or it could form a smaller Running or Expanding Flat with the impulse bearish leg from B. I'll update the chart as more data emerges. Short-term, a possible...
USDNOK has a trading opportunity to the upside. In line with the USD index being bullish, there's high potential for the pair to follow suit. It suggests the formation of a regular flat, and the C wave is about to start. The smaller regular flat outside the channel has reached equal legs (100% fib extension) and might turn upside any where within the box. I'll...
USDZAR is in the intermediate B wave wave correction of the 4th Wave primary degree. The B Wave seems to be correcting in the WXYXZ formation, and the Z leg seems to be forming. A closer look in the 15 mins chart indicates what seems to be a complete 1st and 2nd waves. This might be an interesting trade to the upside.
I anticipate further upside on GBPCHF. The correction seems to have completed at equal legs in what looks like a classic WXY correction. This saw an aggressive push to the upside, but failed to break above the upper channel. The retracement seems to have been completed at 0.618 fib, and a slight push to the upside has broken above the middle line of the parallel...
m looking to sell this pair once I see a clear break of the channel. Overall, this seems to be a WXY correction, and the Y leg is forming. On the 4 hour, I think, the correction seems complete as it slightly touched the 1.272 extension , but I wont enter the trade before I see a clear break of the channel. Sometimes it can be an extended corrective wave. My target...
We might still see further downside in Solana. Overall this seems like a correction of the impulse wave that ended in the 5th wave at $259.00. The W leg seems to have been completed and the Y leg is forming, and it will terminate around $96.00, and if extended it can go to around $67.00. There is a pullback on the 0.618 extension, which is a usual occurrence. In...
I entered this trade when it reversed in the blue box. A possible zigzag is forming in the Y leg. I'll look for a reversal signal at the moving average which also confluences with 50% fib retracement.
