TranscendentTrades

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HTF context: Probably going down as multi-zigzags, to complete Wave C of Diagonal (yet to be formed)

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Once USD/JPY goes above 111.715 (labeled red), it will confirm a Triangle upbreak according to Elliott Wave Theory That being said, the Low is likely in at 102.591 Building Long positions at reasonable levels upon its retracement (Wave 2) is very much encouraged

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According to Elliott Wave Theory, Silver (XAG/USD) might have completed its Wave 2 retracement. Here we can break down its recent descent since the beginning of February 2021 into visible Leading & Ending Diagonals. One concern is that thus far, it has only retraced to 0.382 Fibonacci Retracement. It could definitely go down further for corrective combinations...

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Elliott Wave Theory suggests that EUR/AUD might have completed an A-B-C Wave 4 correction with visible Ending Diagonal (and Subwave B Triangle) Sell Stop is placed upon confirmation that the top is likely in Breaking down of this Diagonal pattern could see it head lower to complete Wave 5 of a larger Leading Diagonal pattern

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Based on Elliott Wave Theory, NZD/CHF might have completed a W-X-Y correction which concludes Wave 4 (if no further corrective combinations, i.e W-X-Y-X-Z) Utilizing chart patterns, we have broken out of an Ending Diagonal (Labeled Subwave C) In my opinion, the next bullish impulse will be Wave 5 - to complete a larger Leading Diagonal from March 2020s low

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With coronavirus outbreak in 2020, glove stocks have seen immense upside. However, since August 2020 until now (April 2021) - it has been in a lengthy correction as if there's no hope left and uncertain whether or not glove stocks could still perform in the future. Utilizing Elliott Wave Theory, it is likely that we are about to complete a Flat Correction...

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AIRASIA might've bottomed out

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Currently in a potential Wave 4 Triangle Breaking beyond "entry trigger" label will likely convince that Wave 5 to the upside has commenced

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Elliott Wave Theory suggests that: Genting has probably completed its Major Correction (A-B-C) since its inception back in 2003 & is currently primed for a Wave 3 bullish impulse

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Elliott Wave Theory suggests that USD/CHF could be completing its major correction soon. This corrects the entire bullish impulse dated back to Mid 2011. It is primed for Wave 3 bullish impulse through the next few years, if no corrective combination plays out .

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Be back in 2030 and see if this plays out

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Elliott Wave Theory suggests that Tesla's rally may soon come to an end. This is hardly mistakable as we can see a very obvious Wave 4 Triangle (in chart). Once Wave 5 is in - or already in, a major correction (A-B-C) ensues. Wave 5 could very well be an Ending Diagonal, if it decides to extend further. Ideal price to start investing in Tesla would be around...

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Detailed Elliott Wave Count for Malaysia's KLSE index since its inception. Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.

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Bitcoin has been ranging for quite some time now, which leads me to see this potential Triangle play out Triangle invalidation will be above labeled Subwave C

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Bitcoin could see ~$12,400 if this Expanding Leading Diagonal plays out However, Wave 4 Triangle assumption needs to be out of the equation first and for that to happen, we need to break key resistance: $9,600 - $9,950 Follow me on Twitter for updates / trade ideas: @tradescendent

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Detailed Elliott Wave structure breakdown from ~$10400 Personally I don't think we're out of the woods yet I'd say it's more possible that we will see one more drop before Bitcoin finally becomes bullish (at least temporary) Invalidation: >$7450 / if we break above the resisting trendline Follow me on Twitter for updates / trade ideas: @tradescendent

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My previous post (link attached) expected a dip to ~$6000 when we completed the Expanded Flat retracement. However, market has since been choppy & kinda sideways for the past week. This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count. Ideally, price should retest ~$7550 & fail to break above,...

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Breaking down the wave structures of Bitcoin from the perspective of Elliott Wave Theory. The inverse head & shoulders could have been just a Running Flat retracement for Wave 4 - further confirmed if this Ending Diagonal breaks down. I suppose $6000 is a massive support that many have been waiting to be retested.