$USDPHP | Elliott Wave Principle in Weekly Timeframe | Forecast This week marks the hit of our parallel channel Zigzag correction for WaveB SUPERCYCLE. This tell's us that USDPHP is currently at parallel resistance. once the rejection starts, we can see that USDPHP will go around 55-54php per US dollar as alternation of correction suggested a Zigzag correction...
In this chart, we can see a WaveB regular flat correction and a ending diagonal waveC. if we break through this trendline support, shorting the breakout might give you high yields with proper stoploss set-up.
MATIC/USDT -shows regular bearish divergence on hourly Time Frame. -Since wave2 was a sharp correction, wave4 is expected a slow and choppy correction like flat or triangle. -can correct up to 382 level to print a flat correction hitting the former VAH as support and as a confluence of a retest. -a +70% probably gain after it corrects and bounce at a strong...
I think we are still going doing after this last wave, after we completed the Wave Y, Wave 4 will be completed and will go down to wave 5 bottom.
Reversal Bullish Divergence at Daily and Weekly TimeFrame
Bearish Scenario with trendline and corrective waves
bullish scenario with divergence
NEOBTC is looking for a break-out. this could be a big opportunity to buy.