I believe, because the prices of oil will go up in the long term, this is a corrective move, therefore labelling it ABC, it shows an almost 68.1% retracement. Showing that the price of oil in my opinion will go down within the next few weeks before making a strong upward 5 wave sequence.
Hi there Hope you all enjoyin crypto spring today we gonna talk about Waves, Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications and smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings, Waves initially set out to improve on the first...
Thesis: Using Elliot wave theory from our 1-5 correction with a trend-based fib from 1-2 we've retraced back down to our 1.618 level. That level is also shown in the past looking at our green box to be a clear area of support. Using a trend line from Jun 2021 if we look at recent price action it lines up with the idea of this being a local bottom. I personally...
daily time frame: A harmonic pattern named shark is about to shaped plus we can draw a channel to determine the turning point.
Gold ust bounces off a sensitive POI and we could see a rally to the previous supply zone above, totalling a 1:8 R:R
Hi, Here is my crazy idea on ETH usdt. This is my elliott wave idea and hope you like it. Please like and share I am just starting to learn elliott wave and some channelling technique and it works =) ENjoy
#Bitcoin appearing to be gearing up for an for explosive breakout breaking out of a MASSIVE rising wedge patern favoring price targets nearing 1.618 fininachi extension putting the BTC Price at around 90k to complete wave 5. Won't be long until we have an ABC correction before we start attacking the 100k & 200k BTC levels. These things take time but I do beleive...
We're currently closing in on the C of an ABC correction with the impulsive and last wave 5 coming up.
The SSE Composite Index is an index of all companies trading on the Shanghai Stock Exchange in categories A and B. On a large timeframe, the price has now soared high with strong momentum support. Volatility has shrunk to the downside. From a technical analysis perspective, this pattern is a flat that has unfolded in a 3-3-5 structure. (normally labeled ABC) wave...
XRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by...
OANDA:AUDCAD audcad long analyziz snz database ATM smart mony
Waves have the right Fib. numbers in all 5 elliot waves, and should get a corrective of ABC waves, before second impulse in daily chart.
#SOl/USDT has been making a nice descending parallel channel (like bull flag), till today the SOL chart move between the resistance of the parallel channel and the green horizontal supports, as you can see the price of SOL respect the closes every time when touched those lines. I think SOL can break out (to the up side) of the parallel channel any time from now,...
$34k - $35k price target then to the moon…..join the trend don’t miss out new bottom coming in hot. Ride the bull wave up to $45K. I am taking profit at $35500 then swapping to bullish position.
Giant Inverted Hammer. I'm Curious how bullish do you guys find trhe inverted hammer to be. Does it signal a floor price the bulls are willing to buy or is this just another trap before we see lower levels. We have been continuing to make higher lows so progress is being made. I'm positioned, probably a little to on risk for an impulse move up but lets see how...
According to how bitcoin moves, it must break through a support then retrace back to it in order to confirm the trend. Here we see bitcoin dropped past $39,200 support and has finally touched it again to close in the hourly. In this situation I am entering bearish trade position. I see a bear flag on the hourly, please comment below if you have further insight or...
We have been waiting for this drop to 0.618 fibo of wave C for a long time after some Complicated Correction. NOW we are waiting for confirmation candle on 4h then we enter long feel free to ask us any question contact our team forextradingaction
Hi, I am a new trader and i love elliott waves. so heres my idea. we are really doing well with this study of elliott wave. Please like and sub and share #btcusdt we just finish wave 4 i believe and now we are finishing and heading to wave 5