Technical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions. Understanding Elliott Wave Principles Elliott Wave...
BIST:LINK Will history rhyme by printing another 2 low volume wave 2 ABCing onto heavy support prior to Valhalla...?
Atomera, which has been in a downtrend since February 2021, may go to a price range of 2.86-3.69 with the Elliot WXYXZ correction if there are no significant progress in 2024. My guess is that we can see these prices in the first half of 2024.
In Elliot wave principle analysis - Triangle is a figure of a trend continuation. It always occurs in a position prior to the final actionary wave, in the pattern of one larger degree. I.e as a wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple Zigzag. A triangle may also occur as the final actionary pattern in a corrective...
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave. As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may...
Wave A most likely done. We still need to finish wave B and C before the last lager wave.
TRIPPLE CORRECTION : ELLIOTT WAVE THEORY (ELLIOTT BABA) Double Correction - Basic formation ABC - Wave X can correct ABC to 82% but some time extended till 127-138% - Idley wave Y must end at parallel line of O-X trendline - O-X trendline must be retraced in half time of wave Y
This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of...
Decoding the US Dollar Index: Navigating Wave (V) with Thrills Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart. Weekly Chart...
This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and...
This analysis reflects my perspective on NYSE:DAL through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Please note that the unfulfilled waves are provided for contextual reference and do not indicate precise targets. Based on my assessment, it appears that NYSE:DAL is currently in...
Based on my Elliot Wave analysis of NYSE:BABA , it appears that the stock has been following a corrective pattern since its inception, with the peak occurring during the 2020 bull run. Since then, it has been in wave B, currently progressing into subwave C of wave B. The trend is strongly bearish, indicating a downtrend. I anticipate wave B to conclude around...
Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome...
XPEV, at $23.62 in July 2023, may be in the Y wave of the Ellliot WXY Double Correction. Accordingly, it may end wave A, the first correction of the Y wave, around $11.5-12.3, which is the Anchored VWAP line, perform wave B, go up to around $15, and end the Elliot Double Correction wave with wave C between $8.5-10.
My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...
BTCUSDT seems to be reached supply zone. Price action drew a logical dynamical resistence line - top formation - in a confluent Elliot Wave count. USDT 40400 is a potential target for short swing trade in an possible impulse bearish.
This expanding diagonal wave A is completed and potential wave B has yet to finish. But are we actually heading for another sharp bearish trend for the stock market?
The chart shows the high probability of the completed zigzag with wave (a) expanded. Good luck!