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Wavetheory

SAND - Can still see 2$This is the local count that I get when looking at the previous 4 wave count which is a possible A wave down, as a full macro retracement. The red wave count shows possible target points when following the down trend, basing off the macro model I am following shown below The green wave count is going off if instead what I am calling a wave 5 is actually truncated and completed, or is an initial impulse wave following an ABC correction (what I have labeled as 1, 2, 3) However I have been opening only shorts as my perspective of the market is still bearish.
by Googlesaur
BTC Update - Wave 5? 🤔Update on my previous BTC Descending Triangle idea, price broke above the proposed entry level and ran up as expected. Price currently trades nearly 5.5% above that entry level, down from the high noted as Wave 3 on this chart, more than 7% above the entry. If looking at Elliot Waves, Wave 3 high met almost perfectly previous pivot high from December 7th. Price retraced perfectly back to the 0.382 Fib level on Wave 4 before beginning the 5th Elliot Wave up. It looks highly likely that we're going to enter back into the Supply Zone, and we have a nice big round number of 52k sat at the top of this Supply Zone, with the previous 2 highs falling just short of breaking this number. If we manage to break the 52k mark it could be smooth sailing up to the next key level to complete the 5th Wave. Alternatively, a rejection from the Supply Zone could see us headed back down in the region of that 0.382 Fib level that coincides with recent resistance. Overall bias remains long, keeping a close eye on price action around the Supply Zone with the potential to run up if we break 52k. Comment your thoughts or questions below! ✔ This is not financial advice. Do your own research and be treat your capital responsibly.
BINANCE:BTCUSD.PLong
by HayeTrading
NZD/CAD Long positionWe expect this to be the trade of the week as well as GBP/NZD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and bring forth they rate hike projections. We expect the CAD to be pressured as the oil prices are expected to drop by the intervention of the US and the OPEC. Technically we are looking at the pair to complete wave 3 in the minor degree.
Long
by MlungisiMpapane