Silver is going to outperform all other MarketsHey Guys,
I am engaging my long entry for Silver as I have been watching this triangle forming up as Wave 2 (corrective Wave) for many months now. In my Opinion this will be one of the best possible entries to catch up the next bull run that is coming on Silver. Fundamentally we have been seen a lot of pressure with the last weeks FED-Meetings and their statements according to possible Rate-Hiking that shook up the whole Commodity Market (especially Silver bled a lot). Either way, this is a clear sign for me that with the latest Sell-offs on Gold and Silver we will be seeing a lot of pressure coming towards the major Markets such as Dow Jones and Nasdaq-100 as commodities always react before the stock markets do.
Banks are stacking their longs on both Silver and Gold and wanted to have de facto cheaper entry prices to get the most out of the Bull run that is coming both in Gold and Silver. I'm super bullish since fundamentally will have a time ahead that is perfectly made for all sort of pressures Metals - only that I think from a technical perspective that Silver is going to Outperform all other Pairs since have been in this consolidation for exactly a Year now.
Let me know what you think!
I'm hyped for the Result.
Greetings,
Raffa
EW
Gold forecast for the 12.07.2021Hey Folks,
As you can see from my chart, I use the EW-theory to forecast. In the case of gold, I assume that the correction has ended after the sharp rise of the last few days. This is an extended flat correction in which the required parameters have been perfectly confirmed. In fact, I assumed such a correction in advance because the momentum was heavily on the bull side and in these cases an unusual correction can be standard. Assuming the correction is done, I expect clear buy signals towards new short-term highs at the beginning of the Asia session, which should then move towards 1824 before the first resistance becomes noticeable. From a fundamental point of view, nothing should stand in the way of this. That said, have a successful week! I am looking forward to your feedback.
Greetings,
Raffa
EOSUSD short It has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect eos to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for BTC and XRP which i would post also
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
XRPUSD shortIt has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect XRP to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for BTC and EOS which i would post also
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
BTCUSD short It has been a while since i have posted my charts here, i had some requests to do it again
with enough feedback/ interest i will continue to do so
Now let us go to the chart
i expect BTC to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart.
After this i think we get a significant bounce up.
i expect the same for EOS and XRP which i posted also (link is below)
Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!!
If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
USDZAR impulse waveIt seems as if the USD/ZAR has completed a 5-wave impulse. The MACD is also working into a huge wedge which highlights the maturing rand bull. Possibly time for a correction towards the dotted green neckline if the pair breaks out of its current downward channel. Technical indicators are leaning to more rand losses this week but the dollar's movement will be dictated by the Fed this week.
BITCOIN WILL TEST$30300A text book correction WXYXZ(tripple zigzag)is undergoing in BTC.
Bitcoin market is not matured like SPX, it is very easy to predict the next move using EW.
wave ''Z',' the final third ABC correction is yet to complete on 10 th of june
the minimum target of ''Z'' in daily clossing value is 30300(62% of wave''X'')
HOT possibly starting wave 5HOT seems to have finished the ABC correction of wave 4 and starting subwave 1 of wave 5 here. surely all depends on BTC to hold above previous low and HOT to to hold above previous low as well...
My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the correction on HOT is longer than most other coins that could still be forming wave B of the correction...
would wait for a pullback before longing here, because SL would have to be placed below swing low
Gold moving in a 9 wave triangle heading towards 1930Hi Guys,
today I want to discuss a bullish scenario on Gold. As you can see we are moving in a corrective Pattern. This is likely to occur in a position prior to the final actionary wave of one larger degree as wave 4 in an impulse. This looks similar to the pattern that occurred in Silver in Year 1976, where wave 4 was a 9-wave triangle followed by a bullish wave 5 movement. We can expect another retrace to the 1875 area, which is a good entry to catch the bullish momentum heading towards 1930. If the Area around 1875 holds, I am willed to enter there my long positions, calling for 1930 and 1950 in extension.
Let me know what you think!
WAVES USDT scalp Long opportunityWe can see subwaves 123 off this bounce here clearer than most Alts. therefore this worth scalping IMO. it could still retrace to the 0.618. therefore teh Sl is below it.
Gold - Wave 5 completed - heading towards 1839 Hi Guys,
based on yesterdays turbulent FOMC session I'm going to updated my Idea on Gold.
As you can see on the attached Chart I assume that we ended wave 5 of the EW-Theorie. This seems legit to me as I assume an extended wave 3, so wave 1 and 5 have to be similar.
Also the fact, that we touched the top of the short-time uptrend enforces my theory that wave 5 is going to end here starting off the major correction "abc".
Also, we are building up bearish divergences on the 1 & 4hr MAC + RSI which indicates falling prices.
Therefore I am willed to engage my Short positions heading towards 1839 with first TP at around 1846. We can expect possible upward pressure from there, heading to 1853 followed by another correction to 1839.
There I am willed to enter my long with strong margin, since I expect the start of a new wave heading towards 1930 in summer.
Let me know what you think!
BTC LONGBTC LADDERED LONG POSITION-BASED ON WAVE A COMPLETION OF WAVE 4 CORRECTION, TAKE PROFITS AT FIB LEVELS WHERE WAVE B COULD BE COMPLETED
CAKE ELLIOT WAVE COUNTCAKE seems to have finished one full cycle with that last correction. If BTC drops it could however drop further to the 25$ area.
the previous structure shows 5 waves with the fifth being extended. these 5 waves are the 1st wave of a bigger structure and the ABC correction is wave 2. IF BTC holds here we could see the start of wave 3 that can stretch up an should be longer than the previous wave 1..