EURUSD(H4) SHORT...IS EURUSD(H4) GOING DOWN?!
as we can see, EURUSD breaks H4 upward channel and Range box either...
this is a low risk position that i recommend u to open..
Elliottwaveanalyis
AVAX Elliott wave Daily countAVAX is trading now into an important support zone.
If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again.
All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to complete a WXY complex correction and than to go up maybe for a wave 3.
If you have questions feel free to ask, also I want to see your thoughts about AVAX.
Good luck and hit the like button if you like my analysis and follow me for future count updates!
UPDATE ON XAUUSDHere's an update:
1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release.
2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction.
I prefer to wait until structure and pattern formed.
Elliott Wave is high subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers
XAUUSD BIG SHORTI still can't find the reason of XAUUSD continue to bull in my technical perspective, so here's my last update on XAUUSD.
You can wait until Daily/ Weekly Swing High formed.
Trade safe guys!
XAUUSD FORECASTI know almost all forecast on XAUUSD choose Triangle Scenario, So here's my perspective as WXY Corrective.
Elliott Wave's perspective is highly subjective, in my opinion, Invalidation Level is needed as all technical analysis is just an art of probabilities.
Safe trade, Everyone!
Cheers.
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Bitcoin Elliott wave count 4HBitcoin price still can be counted as a sideway move (down red channel) as the price hits 1:1 proportion W vs Y of a possible WXY correction for a wave 2.
Price still stay into an up channel(green channel) of a possible impulse ended at 31050.
For wave 2 I think is still early to be ended as the price did not hit even 0.382 fib retracement of this up move and the time that passed from the drop start did not hit even 0.5 of the time that took to go up(25 June vertical green line).
The price action at this time still favors a move to the downside and a break of the red channel bottom line may increase the selling orders. Also a break above median line of the red channel may turn the price up.
We still have a strong support at the 24200 - 25200 but if it will be break the gates are opened until 19500 zone.
Good luck, hit the like button if you like my analysis and follow me for future count updates. Thank you!
Looking for long in PRZ
IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore.
But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached.
Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ.
But it will me a correction wave. So let's see how the market perform the corrective wave before taking any position.
Please CMIIW, comment, and give me your though. I will very appreciate it.
Thank you.
Still waiting for short at Potential Reversal Zone
I'm not interested to go long with xauusd.
Assuming the upward wave will be complicated.
So, I prefer to go short, expecting to ride the smoother wave.
Any comment? Please, CMIIW.
Open to discuss. Thank you...
Bitcoin Elliott wave count 6HBitcoin price bounced after publishing CPI index and this favors a June month without FED changing the rate.
As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside.
Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules of alternation. Also we may have a B wave (red triangle) a triangle as you well know the B wave of a triangle is usually complex.
A break above 0.764-0.854 fib retracement, comparing C wave, will invalidated the triangle pattern. Also a break below AC (blue count) will invalidate the triangle pattern as I am expecting into this zone to turn down for E wave.
So after all I said we may still stay into this annoying consolidation a couple of days but the things are looking good if this count is correct.
Good luck and give a like if you like my analysis also follow me for future count updates.
BTC Elliott Wave count 4H TFIf Bitcoion can keep 27000 level we may see a consolidation triangle for a 4th wave and than go up with a 5th wave.
Also we are above 0.382 fib retracement level of this possible wave 3.
Good luck!
BTC Elliott Wave count 4H TFI think Bitcoin needs a deeper correction to move higher.
WXY correction on the table if this is not the beginning of something bigger to the downside.
As we stay above 19568 it may use last impulse (C wave in my count) to go higher.
Other important levels 26935 and 24050.
Good luck!
Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback.
Let's see if we can get that rally from somewhere around this area.
BTC Elliott Wave count 4H TFBitcoin may fall down in 5 waves and this is not good!
Probably we had an ABC zigzag correction to the upside with wave C hitting 1.272 fib extension (31050) of wave A with wave B an extended flat correction.
Probably wave 3 from this move to the downside that started from 31050 zone is ended and we may see a correction to the upside for wave 4 into 0.382 - 0.5 fib retracement zone of the wave 3 (blue count).
A possible first elliott wave Let's see if we can have a third elliott wave out of this scenario. Hope so.
I'm coming back from time ago trading this way now.
I'll be updating this.
MATICUSDT | Wave Projection | 4-Wave Correction - Subwave B?Price action and chart pattern trading setup
TFD - Elliott wave analysis
> A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario.
> Entry @ breakout triangle after downtrend subwave c completely retraced
> Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1 extension + 30-40%
> Risk reward ratio could be 3:1
Indicator: RSI bullish momentum
Always trade with affordable risk and respect your stoploss
BTC Elliott Wave count 15 min TF Bitcoin going up with a V shape recovery what I think it may be a 5th sub wave of a 3rd wave from a C or 3 bigger degree (watch related idea).
Nice impulse here with 5th wave being extended wave after an equality between 1 and 3.
The correction may end into the 0.5 fib retracement area where we have the 4th wave and than probably will start a 3rd wave up.
I will post updates on this count soon as I see more price action.
Hit the follow and like button if you like my idea and you want to see my future ideas. Thank you and good luck!
XAUUSD CONTINUE BULLISHThis is 4-Hour Timeframe, in my perspective wave 4 done with triangle, usually wave 5 in commodities are extended. Trade safe everyone!
BTC Elliott Wave count 4H TFProbably Bitcoin will continue to the upside to end a C or 3 wave formed by an impulse with 1st wave being extended. Usually this kind of impulses end into 0.618 - 0.786 fib extension of wave 1 (32300 - 33900 zone). Also in the 0.618 fib extension zone we have an important resistance made by a previous rejection level.
If the price will hit 1.618 fib extension of wave A or 1 (red count) we may see this as
a 3rd wave but only after the correction (4th wave).
See also the related idea.
Good luck!
NASDAQ PROJECTION ON 1ST WEEK OF FEBRUARYApex level as confluence of the Expansion WXY with the Triangle Pattern gonna be my sell zone. If price break 12750, consider to stop selling, might up to 135xx.
[XAUUSD] GOLD BULLISH CONFIRMATIONBy looking the price action, in my perspective, Gold is on New Motive (Bullish Confirmation). Invalidation level at the chart.
Trade safe, everyone!
XAUUSD FORECASTThere's still a chance Gold forming Flat Correction (Wave 4), expect retracement at 88.6 level to go Short.
Disclaimer ON.
AUDUSD Elliott Wave BreakdownWe are now in wave B of CORRECTION
Idea:
- Watch for completion of Wave B
- Once complete, watch for C wave to make an impulse down (it can be an ending diagonal )
BTC Elliott Wave count 4H TFI will remain at the same count on Bitcoin as I posted previous week. See my related idea.
Bitcoin still has the chance to correct deeper at 24000 (0.5 fib retracement) with an expended flat for wave 2 but if price break above 29000 on 4H TF than we may say that wave 2 finished at 0.236 fib retracement of this leading diagonal impulse and it started to go for a wave 3.
I will post updates weekly soon as I see a change into the price action.
If you like my analysis hit the like button and subscribe for future updates. Thank you and good luck!
