HEW
BTCUSDT#Update
1 Daily
HEW Method
This is a pessimistic scenario for Bitcoin .
It is very unlikely that this scenario will happen, but for
Bitcoin traders, especially holders,
I suggest that they consider this scenario.
the end of branch5 of wave3 and ready to make wave4the end of branch5 of wave3 and ready to make wave4
Eurusd Classical and harmonic analysis ok . I analyzed this chart once in the classical way and once in the Elliott harmonic wave. And finally I combined each of the two and came to this analysis
We will see what the correct count and its combination with classical analysis will yield.
26 march 2021
XAUUSD HEW UPDATEGold went one more leg down and killed premature wave i & ii. However it remained on the edge of higher degree count and strong resistance 1250 hold so far. Recovery from 1250 looks like five waves, so we need one more 5 waves move to around 1265 now
FTSE HEW UPDATEThere is no considerable update until from last update. Cycles I follow are very bearish for the upcoming weeks. So I am some cautious. Better just watch this market from outside
FTSE100 HEW UPDATEEven though pull back ratio is not perfect it looks wave iv is forming. Then we will probably complete wave v of wave (c) around 5958 or 6991. From this point we will go don to complete Wave (iv). Whenever Wave (v) of Wave of Wave completes, this market may enter a rather long bearish development
USDTRY HEW UpdateWaiting for a break to clear the outlook. Upcoming days are rather bearish on cycles. So, i am suspicious about bullish outlook however current recovery from 2.1484 has potential to base for a sharper rally.
Gold HEW UpdateIt looks we have already completed bottoming on wave (ii) (But let one more down leg which may test 1250) and by the completion of wave ii we can go up to test 1281.50 Murrey Math level.
Crude Oil HEW UpdateDown breakout confirmed bearish scenario where we are looking for last leg which will form Wave (v). Two price levels are favors from fibo extensions;
1st: 88.41/43 -> 50% extension of Wave (iii) and 223.8% extension of Wave (a) of Wave (v)
2nd: 87.14/24 -> 58.6% ext of Wave (iii) and 261.8% ext of Wave (a) of Wave (v)
After I expect to go up
Crude Oil HEW UpdateRanging market looks like triangle formation however any break above make general outlook bullish. Cycles are very bullish for the next week. I am waiting for a break
USDCAD HEW UPDATEAs price hold above 1.0810 and key reversal candles occurred we can say we saw the bottom of the correction period from 1.0996 top with 50% correction. We have already saw minor wave i and wave ii.. This rally can continue somewhere around 1.1047 Murrey Math level.
GOLD HEW UpdateAlmost no change from the last update. Still looking for the final wave 5 bottom of the correctin down. ~1250 is my favorite for the possible bottom.
FTSE HEW UpdateI shifted my outlook to Neutral because we are now in a very strong resistance area of Daily TF Murrey Math Resistance level where we several times failed to go above. I expect one more higher high to correct down for Wave iv of Wave (c).
Crude Oil HEW UpdateRise from 92.55 broken just below 96 and save my count. Now we are looking for final leg down which is Wave (c) of Wave (v). Most likely targets 91.20 & 90.14
XAUUSD HEW UpdateYesterday decline was rather hard and there is no divergence in 4H TF. So minor update on count. So still looking for Wave -iii- of Wave c down. As long as this movement stay above 1240 general outlook is very bullish.
USDTRY HEW Count UpdateBullish count continues without problem. As expected Murrey Math level +1/8 put a barrier to yesterday rally and let the formation of Wave a of Wave iii. We cannot know how deep wave b will be but we should continue after some consolidation.
Crude Oil HEW UpdateCurrent development should be corrective and we should visit 91.20 before go up more stronger
USDTRY HEW UpdateLittle alteration on the count but bullish big picture remained. 2.1728 will be the first barrier before 2.2
USDCAD HEW UpdateStill looking for the final leg down to go up. Look for bullish indications around 1.0802
USDTRY HEW UpdateRally on this pair confirmed bullish outlook. 4H overbought situation in Murrey Math lines may delay further rally but it should continue in near future
