Tradenmas89

Tradenmas89

Assumed wave 4 incomplete. Main simple scenario is to complete wave Y/4 (red path). Another possibility if breakout 4595 then possible forming wave X (green) and move it down to complete wave 4. If not braking out s key level above then it may create various correction before breakout 4221 further to the downside completing wave 4.

Tradenmas89

US 100 price break out the previous low and just completed 5 wave sequence possible as a diagonal (A). Assume wave 4 at higher degree has not completed then now in forming wave Y. Price seems currently retrace and may form wave B. As long price not break out key level at around 15270 then market still remain bearish or sideways.

Tradenmas89

Based on wave analysis and Ichimoku, Gold seems in bullish mode, but it will retrace a bit before move it up to about 1950 approaching supply zone to complete wave 1 (assume wave IV at higher degree completed, or to complete wave X (if the wave part of correction) When price peaked @1950, actually there is some possible scenarios. Here I make tow simple...

Tradenmas89

After short pull back into imbalance zone that coincident with previous S/R zone , CADJPY seems in progress making further correction to complete wave 2 approaching demand zone/support area at Fibo nearly 0.618.

Tradenmas89

AUDUSD technically completed sub wave 2 as correction and now is forming impulse wave to form 5 ways impulse to complete wave 2 at higher degree (red) approaching daily demand zone at Fibo between 0.5 to 0.618. If USD continue stronger then it fall further beyond invalidation level then price will move toward weekly demand zone and proper counting will be...

Tradenmas89

Seems DXY will rise in short term therefore EURSD will fall accordingly. The targetwill be green dot areas.

Tradenmas89

It seems USD moving upward to complete sub wave 5. But if pull back beyond invalidation level, then it may weaken further and means wave 4 incomplete.

Tradenmas89

US inflation still making gold price moving higher. Technically is now completing wave X approaching daily supply zone.

Tradenmas89

2 scenarios may occur. Green Path - Bullish scenario : Assume wave Y completed then it will be make it impulse wave means now is completed wave 1, pull back to wave 2 and creating wave 3 etc. Red Path - Bearish Scenario : If currently completed wave 4 then it will continue to move it down to form wave 5 to complete wave 2 at higher degree toward daily...

Tradenmas89

Bitcoin technically might continue making pull back to support before moving up to complete wave 5. But still uncertain the impact of Russian - USA relationship regarding Ukraina.

Tradenmas89

Possible complete the correction and wait for breakout to buy

Tradenmas89

Ethereum seems start bullish after complete wave Y at Fibo 1.618

Tradenmas89

XRP seems start bullish after completed wave Y/2. Price will move to daily supply zone.

Tradenmas89

It seems nearly complete 5 at minor degree or Wave C at larger degree. If correct then it will create running flat. However if break out the lower trend line and/or support then possible move to next demand zone, move it up and then may create irregular elongated flat.

Tradenmas89

Reached the daily support area and then breakout daily trend. It may continue move up after pull back in smaller time frame.

Tradenmas89

It probably create either ending diagonal or XYWZ structure, both have same 3-3-3-3-3 structure and having same direction. Once this structure ended, the price may drop quite deep, see how it goes next year!!!!

Tradenmas89

Seems that the last swing cannot make higher high or break out previous highest structure therefore in medium term - long term scenario it may make further correction.

Tradenmas89

Ethereum still in correction mode and probably will make lower low further