XRPUSD update - 18/04/2022completing the (C) wave of ((ii)) then higher in wave ((iii)), critical support at 0.45889
Elliottwaveforecasts
XAUUSD Gold already reached the maximum level of retracements and i am looking it towards the downside ! may be a completion of wave 4 or we are in the wave 4 , let's wait and see my invalidation is 1866 for my sell trade at current price and 1854 and 1855 will be the best entry i think so :)
XAUUSD STAYS BELOW $1,850.On Thursday, XAUUSD prices fell for the second day in a row due to some follow-through USD purchasing.
The deteriorating global economic picture boosted the US dollar's standing as the world's reserve currency, undermining enthusiasm for dollar-denominated gold.
Technically the yellow metal was trending with 5 waves upwards within an ascending channel.
We expect a major correction (an A B C) downwards towards 1830 1850 area.
AUDJPY BREAKDOWN Price is at subminuette wave 4 which carries 3 waves as a corrective wave of wave 5 as the whole impulse wave. Do know that price is still at wave C as a correction phase and at wave 5 as the impulse phase.
Tips
Motive wave = 5 waves (12345)
Corrective wave = 3 waves (ABC)
Market Elliot wave analaysisFollow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
GBPUSDGBPUSD Looks like we have completed the complex correction i mean a double correction which is wxy ! i feel we will move towards the upside and bottomed out too :) as long as hold above my stop loss looking for a buy !
RUT update - 19/05/2022the push higher than 1901.35 will confirm that wave A of (4) ended and wave B is in play, critical level at 2458.855
ETHUSD update - 19/05/2022downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 3600 is A B C for wave (4).
Bitcoin wave analysisShort setup
Primary: Wave 4, impulse (Down)
Intermediate: Wave C, expanding flat (Down)
Minor: Wave 4, ending contracting diagonal (Up)
Minute: Wave X, double zigzag (Down)
Minuette: Wave W, double zigzag (Down) -> Current trade
Subminuette: Wave y, double zigzag (Down) -> Current trade
Target: between 28.8 and 27.8
SL: 31.5
Good luck!
AAPL update - 18/05/2022downside focus remains, expecting more downside near 118 to complete wave (4), critical level at 179.61
LTCUSD update - 18/05/2022downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 91.65 is WXY for wave ((C)) (Triangle) of IV.
copper update -18/05/2022downside focus remains in wave ((2)), expecting wave (C) of ((2)) to end at 3.77 ( wave (C) = 1.382 * wave (A) ).
Natural-gas update - 18/05/2022expecting more upside for the last top (wave 5 of (5) of ((1))), critical support at 6.43
NASDAQ - LongThe index has most probably completed either the whole or the first phase of a correction. A daily close above 12275/570 is needed to give more credit for a recovery towards 13020 and 13640.Only a daily close above 15115 would eliminate additional losses for now and open the door to new highs.
On the other hand, a daily close below 11015 would revive a downward extension to 10125 and 9580.
We recommend building small long positions at market with a stop loss at 11020.
DJI update -17/05/2022downside focus remains, expecting more downside near 28508 to complete wave ((iii)) (wave ((iii)) = 1.618 * wave ((i))), on the other side the push higher than 33108.89 will let us expect a move to all-time high in a 3-waves to complete wave B of a flat wave (4).
XRPUSD update - 17/05/2022downside focus remains, expecting more downside to complete wave (C) of ((C)).
PALLADIUM update - 17/05/2022wave (2) in it's last stage, expecting wave (2) to end at 1831 (0.786 of wave (1)), critical support at 1543.
Crude oil update - 17/05/2022upside focus remains, expecting more upside near 159 to complete wave (5), critical support at 99.53
Nasdaq update - 12/05/2022expecting more downside to complete wave ((iii)) of A of (4), critical level 15229.01, the reasonable target for wave ((iii)) is 10141.27 (wave ((iii)) = 1.618 * wave ((i))).
Bitcoin update - 12/05/2022expecting more downside to complete wave 3, the alternate scenario if the price holds above 23k is A B C for wave (4).
Platinum update - 12/05/2022wave ((2)) is in play, expecting wave ((2)) to be end at 795 (0.618 of wave (1) and wave (Y) = 0.786 of wave (W)), critical support at 565.43.
XLE update - 12/05/2022upside focus remains in wave (3), expecting more upside near 109.58 (wave (3) = 2.618 * wave (1)).
