A potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone. A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%. Good Luck
The rally in Render appears to be reaching its conclusion. Over the past few months, Render has been an intriguing trading token, outperforming BTC by surging from 0.9 to its monthly resistance level of 2.93 (Bybit). Based on my wave count analysis, it seems that we are approaching the end of the rally at this resistance point. I observe a potential ending...
SMR has been in a steady and predictable decline for about 9 months now. We recently just observed another rejection from the top of the descending macro wedge trend line, and there is currently a fight around the $7.70 to $8.00 range. A strong break below the $7.60 level may have enough momentum to push the price to a new low and I will look for support at the...
After the 5-wave correction of ATOM# and the rapid movement of A, the correction of B has taken place. I expect price to complete wave C by September 4th . Otherwise, the analysis is invalid.
A potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible. Action: A safer long entry can be placed when breakout downtrend line 2-4 or above...
My AGIX USD Elliot Wave counts, I hope it will be helpful
WBD : Wave projection - weekly price action and chart pattern analysis > The downtrend channel 5 motive wave breakout with a possible valid inverted head * shoulders pattern formation > A potential ABC correction uptrend pattern - a typical wave b bull flag pattern for right shoulder pattern targeting at 0.618 - 0.786 fibonacci retracement of wave a. > If...
BTC classic reversal move > Inverted head & shoulders turning into cup&holders Target cup&holder at the same level of previous mega falling wedge Possible a bull flag move forming holder pattern at 0.5 fibo retracement zone SHORT ENTRY NOW! and Long at bull flag confirmation pattern breakout TP +70%
There's still a chance Gold forming Flat Correction (Wave 4), expect retracement at 88.6 level to go Short. Disclaimer ON.
A possible ABC correction after finishing mega leading diagonal wave pattern: Wave B target 0.5 - 0.618 retracement of wave A and EMA 20 week resistance A possible false breakout EMA200 week Wave C - Targeting 0.786 fibonanci zone of major Wave 1
It looks like the GBPAUD ended a five-wave rally yesterday at 1.8493, which should be followed by at least a three wave correction that could take prices to 1.8193 and 1.8000. In addition to the wave-count, there is a clear negative divergence between prices and RSI that confirm our view. A break above 1.8500 will negate this count.
Wave analysis and chart pattern projection: > A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout. > TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+% > MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
Still didnt tag the golden zone after the Impulse on Near. Still no impulsive structure after the first retrace which leads me to believe that there is mor low to come. Happy to be wrong.
The current uptrend wave is potentially a leading diagonal with a valid inverted head & shoulders reversal pattern breakout - now with a DOJI candlestick this week, the price could retrace to the neckline level 25k, watchout for a false breakout then most likely to breakdown - SHORT ENTRY to the neckline level and EMA200 week -20+% downside (A valid inverted H&S...
Just For Education Purpose .... Ending Diagonal Pattern IN INFY ....Short with SL 1621
Elliott Wave Count and Parallel Channels - Tesla Weekly Chart
Elliott Wave Theory & Bitcoin chart in Weekly time frame.
EURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most...