AUDJPY looks to be in a perfect place for a short position right now, I personally opened my short near the wave Y end, though it seems like i wont be closing it any time soon unless this scenario looks to be invalidated. For time being, my bias on AUDJPY is neutral for HTF, since everywhere i look, people are rooting for short, which will be making the downward...
CADJPY is currently in bearish flag on LTF which post downward move, it is currently at a perfect spot to enter short position with least risk.
This is a follow up to my previous SPX500 analysis, I mentioned about the impulse waves in previous analysis yesterday expecting the downward move, but the recent move downward was sooner than expected, this swift flush of longs has made me believe that we are still in wave 4 of our correction impulsive wave with WXY subdivision (zig-zag) since wave 2 was somewhat...
The recent price action on SPX has made me believe that we are going to be seeing further downward movement along with somewhat of choppy market for the next couple weeks, the correction waves of super Cycle are still not over. We are currently in wave 4 of sub cycle. I am expecting this wave to finish soon. My invalidation is incase wave 4 crosses wave 1. I will...
EURUSD has been in constant downward trend for months consisting of Elliot Impulse waves, we are currently in sub-wave 4 of impulse wave 5 which i am expecting to end around 100% of wave 3. We also have global low level present in that region. Its currently showing good opportunity for a long setup for scalp, and swing long in upcoming 1-2 weeks.
BTC looks to be in complex correction waves forming bearish flag, we are currently in wave D of bearish flag which will be coming to an end shortly in upcoming days, followed by upward wave E consisting of the last relief rally, I will start opening long near the mentioned fib level while increasing my position once I get confirmation followed by short position at...
In my opinion, ETH is in complex corrective waves WXYXZ with the last wave consisting of Impulse wave cycle, In a day or two we will see some downside towards 2.8-2.9k followed by upward impulse wave 5 which will conclude our corrective cycle. Invalidation is if wave crosses wave 1.
The recent pump on BTC has made everyone to believe that we have already seen the bottom, yet i differ to that opinion because there is already very low cases where we see a Flat correction, furthermore the possibility of truncated impulse waves combined with flat correction are even lower (on weekly and daily chart). The amount of volatility in the market in the...
In the recent couple of weeks, stocks have undergone a major bear market. The correction wave A consisted of truncated Elliot impulse waves which swiftly pushed the market 12.4% down from its all time high. The last wave 5 did not cross wave 3 making the waves truncated. The aftereffects we soon followed by a relied rally of ABC correction waves which formed the...
Gold has seen a big upward rally in the last couple of days, The rally consisted of 5 impulsive extended waves where wave 1 impulse was the shortest. Wave 3 went as much as 361.8% of wave 1. We are currently in the last sub-wave of our impulsive wave 5. I am expecting the last sub-wave to top around 100% of wave 3 or 78.6% of wave 3. Upon confirmation, an entry on...
In my previous weekly analysis on the BTC weekly chart, i discussed about the importance of 33.5k region and if we loose that area, we are very much likely to be visiting 25.5k area. In the current scenario, on daily chart, it seems like our wave 4 of retracement was finished recently which was forming a bearish flag as seen in the hart below. That was soon...
Ever since the huge rally post 2020 COVID crash topping BTC at 64854$, BTC has been in the corrective waves ever since. We saw may 2021 Crash in which BTC fell as low as 30,000$ in its sub wave 3 of retracement wave A which went till 1.618 Fib of sub wave 1. The sub-wave 5 of Correction wave A retraced only around 0.382 of wave 3 making the whole Wave A cycle as...
I was expecting BTC to bounce from 1.236 fib level of wave A correction, but we broke down and are currently trading just above 1.618 fib level of wave A. The impulse wave of wave 5 of correction wave C has already crossed the amplitude of impulse wave 1 indicating that instead of Elliot, we are in Expanding diagonal waves in our wave 5. Since we know that...
For a lot of time, SOL has been in correction/consolidation phase. We havent seen much price action on the chart. Though currently the PA developing up on SOL is indicating that it is getting ready for another upward movement in upcoming days. On BTC pair, SOL looks to have hit the 0.618 retracement level and has double bottom at that level on daily chart in BTC...
In my previous analysis, I posted about this upcoming correction of wave C. For the time being we are trading near 100% of wave A and it looks like all the downward impulse waves have been completed. This can be a good opportunity for institutions to bounce the market from this level creating a big CME gap in the next 3 trading holidays trapping the short...
Although i dont usually trade alts, but the chart formation on NEO caught my eye, we have been in somewhat of a consolidation phase which is right at the verge of upward breakout. The chart is telling me that this coin can see new ATH very soon. Although im not much of a fundamental trader so i am not much familiar with the fundamentals of this alt coin, but the...
After a good upward impulse wave from bottoming out, EURGBP is ready to bounce to higher levels continuing its upward impulsive move. Its currently at a very sweet spot to enter into longs.
On the Weekly chart in BTC pair, BNB seems to have risen after months of consolidation phase carrying out the first upward impulsive move. Its currently almost at the end of its impulse correction wave 2 and is ready to get to new heights in its BTC pair. Since BTC also looks bullish so the USDT pair of BNB will hopefully perform well in the upcoming weeks.