Lord_Of_Dax_

Lord_Of_Dax_

It's about time before we try the BLACK BOX in my opinion before looking for higher levels.

Lord_Of_Dax_

I don't see any recovery soon for the US indices in general. We're still in a BEAR Market after all.

Lord_Of_Dax_

I'm looking at the BLUE BOX where I can see a prince IMBALANCE. It's going to be juicy next week I believe.

Lord_Of_Dax_

This very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!

Lord_Of_Dax_

Who said the financial markets were rational? I guess no one, but why people always try to find reasons for an asset to go up or down. When you look at the UK economy and the FTSE making new 'All Time High', we understand my first setence. Price could go much higher if this 'Expanding Diagonal Figure were to play out'

Lord_Of_Dax_

I'm expecting a last leg down for a WAVE 5 but I want first to see EURUSD trending a bit higher towards the 38.2% and maybe a bit above. I've set an Alarm and I'm getting ready to 'PULL THE TRIGGER"

Lord_Of_Dax_

Let's see where this wave 3 will go but this was expected for a nice multi-months run up for EURUSD.

Lord_Of_Dax_

It's just a beautiful unfolding in terms of Elliott waves as we can clearly see a very distinct wave 1 and wave 3. I'm expecting a SHARP SELLOFF next week and a run into this VOLUME IMBALANCE and PRICE IMBALANCE (Fair Value Gap)

Lord_Of_Dax_

Giving the steepness of the move I believe that we're still in a wave 3 for the EUR USD. When looking at DXY we've also got pretty much the same picture picture to the downside. I'm still waiting patiently to change my Dollars against EUROS! The 261.8% level of the wave 3 combined with a draw on liquidity make it a perfect point to turn around to start a wave 4.

Lord_Of_Dax_

#SPX - Expanding Leading Diagonal to end this 1st leg (A) of the BEAR Market? Wave 3 > 1 Wave 5 > 3 Zig Zags everywhere / Double Zig Zags allowed Wave 5 rarely goes above 123.6% unless there is a TRHOW OVER

Lord_Of_Dax_

#BTC is definitely near a KEY level that I called the 'current floor' IF we manage to old that level then there is hope to revisit the previous floor IF #BTC breaks the 'current floor' with good VOLUME then we should get ready to see the 14k region or 'next floor'

Lord_Of_Dax_

It doesn't look like it's going to get any better for Crude Oil in terms of pricing. The incoming wave 4 could last pretty long before reaching new highs in 2024. I've projected the wave (iii) between 338.2% and 361.8%. Time to think about buying an electric car?

Lord_Of_Dax_

It looks like GOLD is still in a corrective pattern. It looks like it is unfolding a wave C. We could get a extended (v)th wave to end the wave C. Would this mean a larger RELIEF RALLY on the traditional markets? Maybe

Lord_Of_Dax_

After retracing 90% of its BULL Cycle, SOLANA seems looking to end an ABC move if it's not has already ended. A spot BUY opportunity becomes therefore quite interesting. A minimum retest of 118 dollars could be expected for its next BULL cycle. Depending on the fundamentals, the price could even reach as high as 196 dollars.

Lord_Of_Dax_

I don't know how this reaction rally will unfold BUT #NEAR becomes clearly a good SPOT BUY opportunity for a min %200 gain if a BULLISH reaction were to take place between 2.45 and 1.25 level

Lord_Of_Dax_

The question is not how long will last this BEAR Cycle... BUT where the wave C is going to end? and also what is the potential reaction rally to it? 1st level of interest: 90% level retracement at 2.45 This is also another 30% SELLOFF that matches with the total Market Cap Next SUPPORT area (Another 30% drawdown to come) Wave C projection at 1.382 (another...

Lord_Of_Dax_

DURATION in Elliott Waves theory is a complex subject with many different studies that sometimes look over complicated to me. Wave (iv) seems a little too short there in my opinion and we've also got the weekend coming ahead but this not my major assumption. MAJOR ASSUMPTION: The 23.6% retracement level wasn't reached, then I assume that the move isn't over and...

Lord_Of_Dax_

The next area of interest is 20k - 18k If we were to lose 18k support then I believe we could get an extended 5th of 5th wave with a capitulation Candle that would end this first leg down of what I call a BEAR Cycle.