XAUUSD near the critical supportAs expected price go down to for wave B. Base on my elliott wave count, wave 5 (yellow color in chart) need to be complete for finish the correction wave B (red color in chart) after that we can see price move up to retest 1800 for wave C. This is my opinion, if you got any idea pls comment below
Elliottwaveanalyis
CHZ/USDT Elliott Wave count 4H TFChiliz into an ABC correction after a leading diagonal impulse to the downside.
I entered long here with targets into the box. I will update TP after I see more price action, but I am expecting to hit 0.5 or 0.618 fib retracement of the impulse.
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CBG | Wave Analysis | Leading Diagonal 2-Wave Price action and chart pattern trading setup
> A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone
> Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation
> Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12%
> Stoploss @ the lowest position -4-5%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss
HNTHNT Technicla analysis basically on elliott waves Principles and Priceaction Strategy
HNT Can be down to 2.61$ and then Grow to ATH
Wait and watch.
AVAXUSDT | Wave Projection | Bullish Wedge Ending DiagonalPrice action and chart pattern trading setup
> Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario
> Entry @ 2-wave bullish wedge breakout and EMA10 TF24H
> Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40%
> Stop @ the lowest 2-wave position -10%
> Risk reward ratio: 2:1 / 3:1
Indicator:
>RSI bullish momentum about to cross MA line
>MACD bullish momentum just below signal line
Always trade with affordable risk and respect your stop
CHZ/USDT Elliott Wave count 1H TFChliliz ended a 5th waves move to upside and now I think it Will go into a correction phase ABC flat pattern. It will be extended we will gonna see.
I entered long on CHZ with targets into the box for an other ABC correction that will be the eave B from flat correction. Good luck!
Hawkish FED Keeps USD In UptrendUnfortunately, stock markets are where they are, and we cannot force them to move in a particular direction. We see a neutral status at the end of the summer, but this volatility may come back in September. We may see some interesting price action already this week when US will release its important jobs data. Fed watches this data closely, but what’s important is that they were very clear lately and said that they will stay hawkish even if FED’s actions will cause some harm to the US economy . So for now, the USD remains in uptrend because of US yields.
From an Elliott wave perspective, we see US yields trying to break higher into a fifth wave now, so this can cause even more weakness XXX/USD pairs.
But when the fifth wave will hit a new high on yields, that’s when we should be aware of a new change in cycle, ideally later this year.
But any major reversals in cylce will not happen that easily, especially now with current FEDs actions and potential bad data. Bad or good data; it doesn’t really matter; the stock market will have a hard time turning back to the highs. Yes, stocks can stabilize if we see bad data, but if we will start seeing bad data week after week then this means a big economic slowdown and a potential recession.
Expensive capital, inflation, and economic downturn is a bearish case for stocks. There is simply no "free" cash available to be invested in the stock market.
TCC | Wave Analysis | Falling Wedge Breakout TargetElliott Wave Projection - Price action and chart pattern trading
> Bullish Wedge Elliott Wave downtrend channel breakout
> Key resistance SMA200
> TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point
> TP2 @ 0.5 retracement - upper resistance of key volume profile zone = distance of wave C > D from breakout point
> TP3 @ 0.618 retracement - equal to the distance of A>B +30%
> Entry @ Pullback SMA200 zone
> Stoploss @ SMA20 zone -10%+
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
LANNA | Wave Analysis | ABCDE Triangle Breakout TargetPrice action and chart pattern trading
> Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern
> TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside
> TP2 @ 1.618 extension of wave D +18% upside
> Stoploss @ SMA20 - 6-7%
> Risk reward ratio: 2.5-3:1
Always trade with affordable risk and respect your stoploss
Bitcoin Elliott Wave count 4H TF Bitcoin I think made an leading diagonal that may be a wave 1 or A (green count) and it can use it to move upside for a 3rd or C wave.
This impulse to the downside may be a wave 1 or A. Anyway I am expecting a move up to the 0.5 fib retracement to make a B or a 2nd wave and than will see how short it will go. If bounce from the zone somewhere 18600 and take B wave we can start to enter long for at least a C wave.
If it will go above 20165 I will enter long with targtes into the 0.5 fib retracement zone.
Lets see more price action and I will update this count.
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XAUUSD Elliott Wave option 1I got 2 opntions. Pls check on my post for other option.
For option 1, if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710.
Option 1 current wave is correction wave ABC (red color in chart) that wave B is not complete yet. Target for wave B is not confirm yet and will adjust base on what market give us on the sub 5 wave (yellow collor in chart).
ETH/USDT Elliott Wave count 15 min TFEthereum may have been completed a flat correction that I think is a 4th wave.
Wave C needs to complete 5th wave from an ending diagonal. Also we have RSI divergence here so I am expecting to see a downside move from 1650 zone where is 1:1 proportion W vs Y.
Enter short on the break below 4th wave from this ending diagonal C wave
BNB Elliott Wave count 6H TF BNB may have ended a WXY correction to the upside and now will turn to the downside. W vs Y hits 1:1 ratio perfectly and from there turned to the downside.
We may have a Head and shoulders formation also here with target 200 usd.
Blue line shows that BNB is still remaining into an uptrend but a break below will confirm more a move to the downside.
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
ETH/USDT Elliott Wave count 1H TFThis is my bearish count and I will stay with this count because I have more confidence in it than the bullish count.
I think we are into an impulse wave to the downside that may be a bigger A or an wave 1 that will send ETH deeper than previous low 880. But if it will be a wave 1 this all move from 880 to the upside is not more an impulse.
I am waiting to see a 4th subwave here from the 3rd wave. The price must stay below 1750 resistance that I think will be tested soon. From there I am watching to short again ETH