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Bullishimpulse

Bitcoin Steps Into Temproary Corrective PhaseBitcoin is coming higher this year, moving very sharply through 2023, after a period of a consolidation that has been in play since March till Avgust of this year. We can see a nice and strong rise now, with some sharp extensions above daily base channel resistance lines and 40k area, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle for wave (C)/(III) up to around 48k - 50k area. Looking at the 4-hour chart, we can see some slow down in last few days after Jamie Dimon comments and ahead of US CPI data. But we think it's just a wave 4 correction, where first support can be already at the EW channel support line and 40k area, but price action may stay slow then within a potential sideways bullish triangle pattern. However, ahead of US CPI and interest rate decision this week, be also aware of a deeper correction to 38k - 34k support zone, if the price breaks out of Elliott wave channel.
BITFINEX:BTCUSD
by ew-forecast
2
Silver Is Looking To Retest The May HighsSilver has turned lower at the start of the year but drop from the high unfolded as a sharp correction that found support at 19.88, ideally, it was wave 2 as shown on a daily chart, as part of a new bullish trend possibly with a leading diagonal where overlaps are allowed. So, if we are correct then the price maybe completed a pullback in wave four after a nice turn-up this month, with price breaking higher into wave 3 after push out of a base channel. So ideally, a WXY correction is finished and new impulse underway that can retest the May highs. As such, be aware of more upside for wave "v" of 3 after recent corrective subwave "iv" pullback.
FOREXCOM:XAGUSDLong
by ew-forecast
Cable Is Moving Into 5th WaveCable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory. Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from bearish to bullish by Elliott wave theory. Now that Cable is trading in 5th wave, we should be aware of a corrective slow down, however, there can be still room up to 1.26 – 1.30 area before correction shows up. From Elliott wave perspective, every five-wave impulse from lows/highs suggests a change in the trend, but most importantly, after every five waves there comes a three-wave correction.
by ew-forecast
USDCAD BULLISH SCENARIOUSDCAD Daily and 4-hour timeframe perspectives. USDCAD in recent times is forming an interesting formation that can be the appropriate origin for upcoming volatilities to the upside. Therefore, as when looking at my chart now we can watch there how USDCAD has formed this main bull-flag-formation above the ascending-trend-line, within this formation USDCAD has the coherent wave-count with the waves A to C almost already completed and now with the breakout pending. When this breakout finally shows up above the upper-boundary of the bull-flag this will be the right setup to complete this whole bull-flag and to setup bullish continuations which will point to the 1.285 target zone, currently, this is likely to happen and should be expected. It will be important how USDCAD develops further after the targets have been reached if there develops a continuation or USDCAD firstly pulls back to retest lower levels, in any case, this needs to be shown. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
Dodo, not just some stupid Animal Meme tokenLooking bullish, possibly a continuation to higher. Wasn't looking for anything crazy, but adding to my position in the 3-3.30USD region seems to have worked out. I do not have a huge stack as I am agnostic about anything other than the majors, but I'll take a bit of a risk here and there to buy into promising projects with a bit of spare fiat now and again. Market cap and white paper are what caught my attention after farming a bit of BETH to get a tiny starter pack on this a few weeks back. Added. Might add some more on a pull-back if I have spare fiat ready.
Long
by JJMa
EURUSD Long: A second Entry at Triangle CompletionEURUSD is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at AB=CD inside of wave-(e) is confluent with the completion of a bullish cypher and may act as a catalyst for the bullish impulse. Long term target is placed at A=C. It is possible that another rebound off of the top of the triangle could occur, but we would avoid our SL as price would remain inside of the contracting triangle and the breakout would likely occur soon after.
Long
by glennmercer
6