I'm still long term bullish of course, but if my Elliot Wave count is accurate, I think we could see a local top at approx 8050 and a retracement to the 5500 region before starting wave 3. wave 3 tends to be the longest wave so we should have some fun after the correction.
Hello Traders, Here's my analysis for AUDUSD, seems to be trading in a Wave Form respectively and will make its correction down when it hits 5th wave :) Trade Safe
If my Elliot Wave count is correct, I think we will see one more drop down before price moves north. We could be in an ABC pattern. Look at my prior ideas to see bigger Elliot Wave picture. Be safe and happy trading!
Updated char to prior post. Getting closer to first point which is ironically close to a longer term trend line of prior lows.
Looks to me like we can expect to see a 5th wave up to 8k this month. Following that, we could see a retracement to 5500-6000 which would be the 50% and 61.8% fibonacci levels.
EUR/GBP for long after breaking wave 4 of an ending diagonal
I love the fact Tom DeMark gives strict and precise rules on how to determine his indicators and patterns. I have applied his rules for TD D-Waves (his own variation of Elliot Waves) to the actual BTC USD price action. To origin D-Wave 1 you need to have a 21 low bars close (a close less than all twenty prior closes), then the D-Wave is confirmed when you have a...
Looking at the overall structure here i do see us in the impulse down for the larger B wave and ready after the next drop to the 17-16 region. Once this has completed il be looking for swing longs up for the next swing to the 60.00-70.00 region. Will keep this thread updated as much as i can.
Good Day traders. My first attempt at wave analysis on EURGBP pair on the 1 hour time frame. I am looking at a possible Buy in the short to mid term. Look forward to your comments and lets engage on the comments section Goodluck to all
In the original analysis I assumed we were going to get a deeper retrace on our B wave, but after this recent high was taken on Bitcoin, it's hinting that the B wave is at an end and we can finally continue up to our C wave. I'm long due to the high being taken out, and an H4 breaker will confirm at the red zone once it hits 4am. I am now long after taking a small...
I was just posting my first technical indicator on here when I noticed the beautiful volatility compression happening right now. It would feel wrong not to at least post something about it. This doesn't say much about which way the price is headed but it might suggest a violent reaction will soon occur.
oil may come down again as the last wave, or may go up next analysis,depends on breaking the confirmation lines
Looking at past market corrections, 2020 is a new beast. There is absolutely nothing in history that had us crash this fast and this hard. This leads me to believe that a bounce up should be higher. In my last TESLA update i did post this as secondary count. I feel the SP500 index needs to go higher prior to retest of the lows, just looking at certain...
The chart posted is that of the hourly SP 500 the drop to a perfect low in time spirals and price based on long term FIB 1974 LOW TO PEAK .382 pullback and near perfect 50 2009 to peak FYI NYSE WAS PERFECT. has now rallied back to a three wave rally back to a 50 % and was off the spiral low dates 3/21/23 and 4/ 2 spiral in time . We now have two views ...
If the markets are about to continue going down, here is a possible scenario. Using Elliott wave, this would be the simplest target, a basic ABC corrective wave. We haven't finished the end of the B wave, so this projection is a bit premature. The target and channel is just a guess for now, I will update once we start to see a more complete B wave, but I can't...
It seems I figured out the turning point, the support zone in the last forecast in EURGBP, but more signs should come. So the support zone held up the EURGBP, and more GBP weakening should come after the price break out upward from the rising channel(0.89 - 0.8950). If the break would happen then I expect to seem a bigger momentum to go and reach 0.9250 - 0.95 or...
XU100 has bounced to upward impulse. TRY Lira will bounce follwing the Bursa. This is taken by observing and compare with TRYJPY each bottom and peak point are lagging but has same pattern. TRYJPY will be in Wave C of Wave 4.