Hello everybody! I present to your attention my review of SPX. I think that there is probably a development of the second wave, which takes the form of a triple zigzag. You can see how the price is slowly creeping up the lower border of the corrective channel. You can also see the divergence between the price and the value of the RSI or MACD indicator. I think...
Hello traders! It is possible that wave 3 is now unfolding. Since the third wave often extends more often, I expect to see it like this. The price has already broken through the corrective blue channel and is now approaching the upper border of the base green channel. As a rule, third waves break through the base channel, so I think this may happen soon.
Hello Traders! In the previous forecast, I considered the idea of starting a bear market, but wave iv took the form of a contracting triangle and the price updated the maximum. Now I can say that a bear market has come with a high probability, since the impulse is complete.
Hello traders! The previous scenario was broken, so I switched to an alternative wave count. This scenario still allows for the development of wave (2) as a zigzag that ends in a ending diagonal. The probable target is level 3249, where the zigzag can be completed approximately.
Hello traders! The price has almost reached a critical level and this idea now looks unlikely, but not impossible. This idea suggests that a bear market will begin to emerge in the coming hours.
Hello crypto traders! After wave (ii) was completed in the expanded flat, there was a decline, which I consider as the development of wave i of (iii) of {iii}. So far, the key level is the value of 9479$. I think that in the near future the corrective wave ii of (iii) will begin to develop. The fact that the price went beyond the border of the base channel may...
Hello traders! It is possible that wave ii was completed, and the third wave has already begun to develop. If the idea is correct, we will soon see a decline and a breakdown of channels. Crossing the price of $1754 will also confirm this idea.
Hello traders! I think it's time for a bear market. As you can see, wave 2 of (3) was supposedly completed, which drenched wave 1 of (3) at 0.786. now wave 3 of (3) has begun to develop. I expect to see a rapid decline. Confirmation of this idea will be the following: * Breaking through the correction channel * Price takeover of key levels: 2983.50, 2923.75, 2760.2
Hello traders! Since the price crossed the critical level of 1.1281 for the previous scenario, so I switched to an alternative count. From 1.1202 to 1.1293, a bullish impulse probably formed. It is possible that wave {ii} was completed at 1.1202. If this idea is correct, we will see growth with the breakdown of channels.
Hello crypto traders! Everything is still according to plan. The wave c of (ii) probably takes the form of a contracting ending diagonal due to overlaps between the waves. So far, the target is 0.500, after which the price will begin to decline to the beginning of this diagonal.
Hello Traders! It is possible that wave (b) of {ii} was completed in the form of a barrier triangle. Wave (b) rolled back wave (a) by 0.382. I think that the wave (c) of {ii} has now begun to develop. Since two diagonals in one zigzag are rare, I expect to see a wave (c) as a impulse. I have two goals derived from the ratio: (c) = (a), (c) = 0.618 (a). You can see...
Hello traders. Before I start counting the waves on the intraday chart, I will traditionally describe my global view of oil. I think that the first wave of the third wave is now unfolding, which will update the historical maximum of 147.27$ in a few years. The key level for this idea is $65.62.
Hello traders! Gold reached the estimated goal of $ 1804. I think the impulse is complete. As soon as the price crosses $ 1754 and breaks through the channels, it is highly likely that a reversal has occurred. I expect the price to fall.
Key Levels: 1.0781, 1.1424 Hello traders! We see that the price reached the border of the base channel and failed to break through it. This fact is explained by the completion of the pulse wave and the beginning of correction. I think that the {ii} of 3 wave is currently developing. This wave is probably not complete yet. I expect that the Euro will continue to...
Key Levels: 1.0671, 1.1502 It is possible that the second wave ended at 1.0671. Also, the second wave rolled back the first wave by 0.786. We see that the price rested on the upper border of the corrective channel and for several weeks can not break it. Breaking through this channel will confirm the idea of unfolding the wave {3} or {C}. I think that the Euro is...
Key Levels: 0.1140, 0.2361, 0.3468 Hello, crypto traders! Many XRP holders are losing patience and no longer hope to profit from XRP. I have invested some money in a few thousand XRP and sometimes count waves on this digital asset. Now the analysis of Elliott waves shows that it is possible that a triple zigzag is developing in the second wave. To complete this...
Hello traders! It is possible that growth is coming to an end. I think there is a v of (c) of {v} wave going on right now. The key level is $1754. If the price starts to decline from the current value and breaks $1754, then the wave v of (c) will be a truncated wave. This idea will also be confirmed by breaking through the lower borders of the channels. I would...
Hello, traders. The multi-year double zigzag wave is coming to an end. We can see that the price has been breaking through the upper limit of the correction channel for the past few months. I think this breakdown is false. The price has almost reached the approximate goal of 1804$. The fact that the wave C of (Y) is an expanding ending diagonal, although is rare...