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BTCUSDT ELLIOTT WAVE ANALYSIS: 23 JAN, 2025 - DOUBLE THREE©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). Risk Analysis / Risk Assessment: - Major Trend: Bullish - Which Wave Count Scenario Has Higher Probability: Definitely the Main Wave Count Scenario. - Should I Go Long?: No, Not Now. - When to Confirm Bullish Trend with High Probability?: On Breakout Above 107,240. Details: Since the 89,0256.69 Low, we are witnessing a corrective wave following the completed wave (i)-orange, which I mentioned in my last analysis of BTC, so this is a good opportunity to review the upcoming outlook. Wave (ii)-orange is completing as a Combination Double Three. Its y-grey wave may need a little more time to complete as a Triangle, then wave (iii)-orange will move higher. Alternative scenario: Wave (ii)-orange has ended, and wave (iii)-orange has started. (Less likely, lower probability). Conclusion: Need a little more time. Or when the price breaks through 107.240, it will immediately trigger the alternative scenario ALT, and wave (iii)-orange can move much higher.
Long
by ShaneHua
1
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - TRIANGLE PATTERN©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). The context suggests that we are inside the 4-grey wave, as the 3-grey wave ended at the high of 2,801.2. The 4H chart shows that we are inside the 4th wave in grey, based on some data on the current price action, it looks like a Sidewaves pattern and is narrowing over time. So it suggests to me the view of an unfolding Triangle. The ((d))-navy wave is probably close to completing its role by creating the resistance level ((b)),((d))-navy, but this view is not strong, so at the moment in gold, there are at least several different wave counts at work at the same time. Let's look at the alternative view of ALT, which also shows that the 4-grey wave is not showing any signs of ending, but instead developing as a Flat, its ((b))-navy wave will move higher.
COMEX:GC1!
by ShaneHua
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - TRIANGLE PATTERNCHARTS OF THE DAY ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). The context suggests that we are inside a 4-grey wave, as the 3-grey wave ended at the high of 2,801.2. I see that the 4-grey wave is taking a long time, and is probably getting narrower as time goes on, as well as its subwaves have a lot of Three-waves, which directly suggests to me the idea of ​​a Triangle forming (3-3-3-3-3 or ABCDE). A closer look suggests that the ((a))-navy to ((d))-navy wave is probably completed, and we are inside a ((e))-navy wave. It will continue to aim for the nearest target at 2,633.8 (Wave ((e))-navy = 0.618 x wave ((c))-navy - this is a fibonacci multiple ratio of subwaves in the triangle pattern). Wave ((e))-navy will develop as a Zigzag. So, in the coming time, gold may move up with wave 5-grey, but not yet, because it needs more time to complete this Triangle pattern. While the price must always remain lower than the high of 2,734.2 to maintain the short-term bearish view with the Triangle pattern.
COMEX:GC1!
by ShaneHua
ASX:FPH ELLIOTT WAVE ANALYSIS ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). We see that ASX:FPH stock is about to complete a Triangle with wave 4, and prepare for the push up with wave 5. This analysis will guide you through the key points and important price levels to know the upcoming important market movements in the most intuitive way. Details: The 4H chart shows a more detailed representation of the Triangle of wave (4)-orange. I guess it is probably coming to an end, and preparing to end this fourth wave, so be ready for wave (5)-orange to return. A push above 35.45 would add weight and confidence to this view. Conversely, no push above, instead a break through the end of wave C-grey would eliminate the bullish view of wave (5)-orange. Invalidation point: The end of Wave C-grey Confirmation point: 35.45
ASX:FPHLong
by ShaneHua
ASX:COH ELLIOTT WAVE ANALYSIS - 8 JAN, 2025 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (y)-orange of Wave ((2))-navy Details: Looking closer, wave (2)-orange looks like it is developing as a Flat labeled A,B,C-grey, and we still have a push lower with wave C-grey. Then wave (3)-orange will return to head higher. On the other hand, the rapid and strong penetration of the 309.63 high directly suggests that wave (3)-orange in the ALT alternative scenario is probably unfolding. Invalidation point: 17.80 Confirmation point: 19.65
ASX:COH
by ShaneHua
DXY ELLIOTT WAVE ANALYSIS: 07 JAN, 2024 - BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Wave B-grey has just completed a corrective wave labeled ((a))((b))((c))-navy and wave ((c))-navy has completed a full five-waves in a Zigzag (5-3-5) pattern, so wave C-grey could be back to push lower. But it is too early to conclude such a major bearish trend. On the other hand, the shorter-term outlook suggests we may head down to the 105.420 area, while price must remain below 109.533 to maintain this view.
TVC:DXYShort
by ShaneHua
1