I've posted many times on this exactly the same counting in the sense of the Elliott wave theory. This time I elaborate on it. In this hypothesis, we are in X of WXY, whose bottom could be 7500 +- 2000, a roughly 1.236-1.272 retracement from the 65k & 69k double tops or the inverted A&E. This double zigzag should be a global 4th wave. This scenario will be...
BTC got rejected at 4H Ichimoku cloud, and the bearish dragon pattern is still valid. With its cleanest theoretical target being a .786 retracement of XC, the prescribed bearish movement is likely if the price fails to mark a new high. Considering parallel channels serving as S & R for months, a WXY formation (double zigzag) would be a candidate movement....
Hello Since APE coin started to correct has entered in a WXY wave that has covered waves W and X and in order to fill wave Y as if it's having a double ZIGZAG At the moment one of the zigzags has been covered we expect that after filling wave B, it'll start another ZIGZAG This can be more accurate with your opinions Thanks Reza
The EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level. What you have to realize is that we had a similar pattern on...
Possible Double Zigzag (WXY) pattern playing out on S&P500, which started from the ATH in January and is still on going. In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is...
Just an idea. Nothing major has changed from my previous ideas (a slight correction was made on the wave count). If this scenario plays out, we could short at around 20800 (-21200). Note: In this hypothesis, we are in the first corrective wave 2 (ABC) of a final, impulsive wave C (12345) of a zigzag (ABC) being the last componenet zigzag Z (ABC) of the whole...
This is an update on my previous ideas (see links below.) As I explained in the related article , this downtrend may be forming a Triple Zigzag, having 3 zigzag waves joined by two corrective waves, each comprising 3 minor-sub waves (3-3-3-3-3, denoted as W-X-Y-X-Z). So far, it seems nothing violates Elliott Wave Theory's definition of Triple Zigzag. Let's...
Markets were slow at the start of a new trading week because of the holiday in UK, but this will be expected to change as speculators wait on CB policy decisions. RBA meeting was the first event where members judged that a further increase in interest rates would help bring inflation back to target and create a more sustainable balance of demand and supply in the...
Ready for long entry: Price action and chart pattern long entry trading setup > Elliott Wave double ZZ combination correction WXY with EMA200 as key dynamic resistance for major B-wave and EMA50 as key resistance for minor 2-wave and 4-wave > Downtrend channel sideway breakout - possible sideway continuation > Long entry @ EMA50 breakout > TP @ EMA200 for medium...
Price action and chart pattern trading > Elliott Wave Projection of the primary wave 4 coming to an end of sharp declining DOUBLE ZIGZAG Correction? > Wave Y coming to 1.236 to 1.618, then Wave 4 would slightly overlap Wave 1 position and expected a possible small sideway breakout consolidation for a buy entry. > If Wave 4 is coming to the end as described, Wave 5...
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What is Solana doing these days? although Grayscale added Solana to its portfolio . I have a suggestion for you, if you want to add Solana to your portfolio please read this post and do not forget to ✅ like ✅ it. Solana Analyze ( SOLUSDT ) Timeframe 8h ⏰ ( Log Scale ) Location 🌊( Long term ): about the location of Solana , please read my post with...
Then this last leg up need to go beyond 3.25 % Expanding diagonals need to have wave 5 > Wave 3. It is a probability that we did not see since covide's low so the probability could be very very low non the less its "Probable" therefore we need to take it under consideration just in case .
Hi, today I want to talk about Solana's road map ( Short term ). Solana Analyze ( SOLUSDT ) 1h ⏰ Location 🌊( Long term ): about the location of Solana , please read my post with the topic '' Solana Analyze (Road Map)!!!🗺️ ''. Location 🌊( Short term ): Solana ended its great microwave 3 of the main wave 3 at 216$ (as I expected on my post with the...
GOLD Price might be reaching at around 1600-1580 if weekly support at 1670 broken. As price could form a double zig zag pattern WXY (Red Circled). 1600-1580 (zone area) are confluence of 1) Weekly 233 EMA Line 2)Weekly Trend Line 3)Fibonnaci 50% up trend pullback Retracement since 2015 low 4) Lowe Trend Line of the downward parallel channel.
EURUSD price have broken the previous low of zigzag wave pattern at 1.17500. Probably will form double zig-zag instead of simple zig-zag pattern. And EURUSD current price could be in wave E ( Yellow) of triangle. Where wave E (Yellow) may find support at around 1.1600
YLI current price seem at 1) Long Term Down Trend Line 2) Supply Zone 3) End of Expanding Flat Pattern (wave ABC Yellow)...
it is in C of Y wave bearish as double zigzag cycle until price remains below 2952.