EWFcw

EWFcw

It is extending the gain in 5th wave as expected in earlier updates. Stay bullish as long it holds above 2.4710 and the up-trending channel. The current target zone is 3.33 - 3.58.

EWFcw

It seems like the correction is on as either ABC or WXY and expecting sideways move. In bigger cycle, the current move can be the part of ABC (yellow count) or impulse 1-2-3 (roman count) and 4 is in progress. Aalso there is always a possibility of further extension within 3rd wave. But ideally if it correcting in sideways then there is a good probability of it to...

EWFcw

Expecting more upside between 2.39-2.53 as initial target or it can even go higher

EWFcw

It seems like in 5th wave as breaks out above triangle with good momentum and relative high volume. The invalidation level for the wave count is 1.017 and as long as it stays above, it can go for new high between 3.6 or even higher level.

EWFcw

DENTUSDT - In 60 min, it shows tremendous strength as 3rd of (3)rd and can go higher up to 0.011 or even higher as the part of nested impulse. Any sideways pull back could find support for next leg up.

EWFcw

DENTUSDT - It is in probably (V) wave of the sequence in daily after a dip (IV) wave double correction and momentum seems like confirming the move higher. In 60 min, it seems like in 3rd subwave and can extend higher before next pull back of 4th. Check out the next 60 min chart update to get more idea about internal structure.

EWFcw

It seems like it can retrace a bit before moving higher for next leg up

EWFcw

BNBUSD - In daily semi log scale chart, it seems like started the 5th wave after triangle break out of 4th wave above 339.62 above D subwave. In smaller time frame, it seems like in nested impulse structure and as far as it holds above invalidation level, it is considered to be in 5th wave of the sequence and can go for ATH. Alternatively it can be the part of...

EWFcw

DOGEUSDT - It is in impulse cycle up since March 2020 low and once the current correction finished, it will start moving higher in 5th wave up. As per one wave count, it seems like 4th wave finished and 5th wave is in progress, but yet it is not confirmed in smaller time frame as impulse subwave 1 of 5th wave. So there will two probability, (1) it is extending 4th...

EWFcw

BNBUSD - Based on Elliott wave analysis, two counts possible, where either it is in 5th wave after 4th wave triangle finished, which will confirmed once the price crosses above 340.25 as D subwave of triangle, OR it is in WXY correction of 4th wave and X wave is in progress. Based on both probability until price remains above 340.25, it is considered to be...

EWFcw

ADAUSD - It seems like the up move is in 4th wave correction as triangle as possible scenario and expecting the 5th wave up. BUT the up move in 1 hr time frame is not a clear impulse, so better to wait for more confirmation for next move. Alternatively it can go down as wxy wave where x wave itself become triangle and y will make new low below 1.01 to complete the...

EWFcw

Rational - It is in 3rd of 5th wave up. Stay bullish when forming 3 wave sideways pull back for next move higher.

EWFcw

Beiersdorf - It seems like the impulse cycle finished since major low in March-20. Now it is forming correction and mostly it should be flat correction ABC, where B wave is as abc zigzag under progress and go higher before it turning down again. The possible trading range would be 106-98 for next 2-3 week time.

EWFcw

Merck (GERMANY) - It is in 3rd of 5th wave of the impulse sequence as conservative count. The next three wave correction will be good opportunity to get in to uptrend for 5th of 3rd of 5th wave near the zone 168-165.

EWFcw

Deutsche post - It seems in strong 3rd wave of impulse sequence and 5th subwave in progress since 56.65 level of 19th July. It is expected to move higher as it is strong outperformer to DAX index. It is possible that it go slight down below 56.65 as alternate 4th subwave of 3rd wave, but overall it is expected to move higher for 5th of 3rd wave up.

EWFcw

Daimler - It is in strong up trend since March-2020. It takes good support on trend channel in wave 4 correction and moving higher in 5th wave. The invalidation level for the count is 67.28.

EWFcw

EGLDUSDT - It is forming 2nd subwave of C wave of ABC zigzag and expected to correct up to 73.9-71.90 zone before moving higher to 3rd subwave with invalidation level below 64.91.

EWFcw

ATOMUSD - It is in wave C of ABC and expecting correction of 2nd subwave of C wave up to 10.18 before it start rising in 3rd up higher. The invalidation level is 8.95 for the count.