Currently, from my perspective, DXY is probably in a corrective wave (ABC). WAVE B, is not yet done but anticipating an end at 99.099 price level. After then comes the last WAVE C then the bearish trend or thread continues.... Let's see how this goes. WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES
Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. Last week we saw Information that the Fed still has no plans to cut interest rates and even extends the expected time to reduce interest rates is continuously given by Fed officials. This creates concern that the USD will...
Dear Traders, Trust you are doing great. Below is my outlook of the GBPUSD currency pair from Elliott wave perspective. Expectation: Another upward wave targeting 1.27202 level. Key Factors: 1. Presence of an upward motive wave pattern comprising five components (1)/(A) 2. Completion of a corrective pattern resembling an expanded flat 3. Correction...
A bullish scenario for long-term view after a confirmed descending triangle breakout with a potential pullback entry position targeting ABC pattern at 100% - 161.8% Fib extension upper resistance of the mega bull flag. S1/S2: pullback descending triangle support / ema20w zone T1: 100% fib extension +50% T2: 161.8% +90% Indicator: RSI week - tapping into OB area...
📣 Hello Mates! We are witnessing a continuing upward trend for Gold, as it has surged by an astonishing 1000 pips within just a week in a buy trend! 🔮 Based on our analysis, we anticipate that Gold may ascend to levels of $2134 or even $2145 before reverting to a downward trajectory to fulfill our target at $2088. 🔑 Remember, money management is crucial....
Hello Traders !! Here is my Gold Analysis & Trading Plan GOLD in term of structure has been completed. ONLY SELL setup from now on. Trade With Care, WAVE HUB FX ---------- Please follow me and like if you agree or this idea helps you out in your trading plan Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use...
Porsche (PAH3): XETR:PAH3 Our analysis of Porsche Automobil Holding focuses on the stock's price movement since the lows during the COVID-19 crisis at 28.48 EUR. Since then, Wave (1) in blue has expanded to 102 EUR, currently serving as a local high. Subsequently, a remarkably unusual and complex Wave (2) has been observed, which appears atypical at first...
stock give breakout off its cup and handle neckline -944. as per me stock can reach 1017 its first target and final target can be 1066-71. stock fundamental is good to as its earning is getting better in every result. its only for education purpose only am not responsible for your lose.
well hi there my greedy friendz! just quick update and idea in general, I watched the cartoon Gintama (I love anime, yeah) and glanced at the FTT chart and, as in Japanese animation, saw an interesting twist: FIRSTLY, adhering to the old plan, we are in the Wave B of ABC correction and its a Mr.T, az I can see at MACD and RSI indicatosz behavior. Now Mr.T. is...
MDB price follows an impulsive structure from its Nov22 lows nicely. Until price holds its Oct's lows, my main interpretation of the price structure suggests move to next macro-resistance zone: 550-640 in 2024. Suggested price structure needs to be revised if price breaks down bellow 288 and above 640.
It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue...
Hello guys, so here's how I'm watching USDJPY for buy opportunities. Bear in mind that this is a top down analysis and we will be doing a lot more refinement on the LTF. But as far as directional bias goes, we are bullish on Higher timeframe.
The global trend on USDCHF is bearish. The recent price action in USDCHF suggests the conclusion of a corrective wave of a higher degree wave 4. This corrective structure appears to have ended, potentially paving the way for a significant downward movement within wave 5. In light of this, I'm anticipating a five-wave impulsive decline, with a minimum target set at 0.85546.
BINANCE:CYBERUSDT Short-term bottoming out is over! The latest price is at 4.497! Bulls are about to initiate a strong comeback trend! In the past 1 day and 2 hours, we've witnessed a roller-coaster market with a whopping 32% amplitude. If you're a short-term trader who can withstand staying up late and has sufficient monitoring energy, there have been two...
The price has reached a point of a possible continuation of the downward channel. The price tried to break the channel but immediately got rejected by a bearish candle and the RSI shows a downward momentum. We look for a confirmation for reversal, BUT we have to keep in mind the strong resistance level at 1.36400. We will have a SL just above the structure in...
Bitcoin continues to operate in a downtrend since it made a new high towards ~$32000; price then came down in a most likely 5 wave structure breaking just below $30000 support area before bouncing back up in a Corrective B wave structure. Price has since been in a C wave correction although price has been quite choppy and corrective evident in the 3rd wave which...
Quick sketch up of some possible paths for TESLA ( NASDAQ:TSLA ) long-term. According to this, we are in the middle of the 2nd leg of a 3-wave long-term weekly correction that started in Nov 2021. Wave A completed at the end of 2022, kicking off Wave B for 2023. Expecting some short-term turbulence on the way up back to the ATH at (B); could see a small dip back...
Hypothetical scenario for the price action based on a possible wave count aiming demand zones and important levels to watch during the expected price decrease.