Money_Dictators

Money_Dictators Updated  Jun 17

XAU/USD has completed a classic five-wave impulsive structure to the upside, followed by a clear ABC corrective phase. The price action shows that wave (5) has topped, and the market has since retraced through a three-wave ABC correction inside a well-defined descending channel. Currently, wave C appears to have found support right at the lower trendline of the...

Money_Dictators Jun 4

The correction looks like a contracting triangle, which is a common pattern in Elliott Wave theory. This kind of triangle usually forms during wave B or wave 4. It includes five smaller waves labeled A, B, C, D, and E, which move within two sloping lines that get closer together. There is also a demand zone marked in red on the chart. Triangles often show a...

Money_Dictators Jun 3

The EUR/USD is currently exhibiting a well-defined impulsive structure following the completion of a corrective (ABC) phase. The market has successfully formed waves (1) and (2), and is now advancing within wave (3), which typically carries the most momentum in an Elliott Wave cycle. The ongoing rally suggests wave (3) is targeting the 1.15350 level — a key...

Money_Dictators May 29

The GBP/JPY pair has just completed a 5-wave downtrend, which ended around early April. Since then, the price has been moving higher in what appears to be a typical A-B-C corrective pattern — a common move that occurs after a major downtrend in Elliott Wave Theory. We are currently in the final wave (C) of this correction, and within that, it appears that Wave 5...

Money_Dictators Updated  May 21

The EUR/USD chart on the 4-hour timeframe is showing a well-formed Elliott Wave pattern. We've seen a clear 5-wave move to the upside, followed by a corrective ABC pattern. This correction seems to have completed, with wave C ending right at a strong support area. It's the lower trendline of the rising channel formed during the 5-wave impulse. It's also where a...

Money_Dictators May 19

The U.S. Dollar Index (DXY) has completed a five-wave impulse decline (labeled (1) through (5)) from the top of the descending channel. This downward move suggests a completed impulsive bearish leg. Following that, we’ve seen a complex corrective structure – a WXY double zigzag correction – now complete. Price action shows a rejection from the upper trendline...

Money_Dictators May 9

The USD/JPY 1-hour chart shows a clear bearish setup forming after a recent rejection from the Fair Value Gap (FVG) zone around 145.923, indicating potential distribution and the start of a corrective move. The price is trading below the upper boundary of the ascending channel and has started to show bearish intent after multiple rejections from the FVG resistance...

Money_Dictators May 8

In the daily timeframe of EUR/USD, the third wave of the larger Elliott Wave structure appears to have been completed. Within this third wave, we can also observe that the subwave 3 of wave 3 has concluded, and currently, Wave 4 is unfolding. Wave 4 is presently developing and is likely to retrace toward the 1.10683 level or potentially form a supportive close...

Money_Dictators Updated  May 6

This 4-hour chart of XAU/USD is showcasing a WXY corrective pattern, a classic double zigzag (W)-(X)-(Y) correction after a strong impulsive move Wave (W) has topped, marking the end of the first corrective leg. A deep correction into the 0.5 Fibonacci retracement level occurred with wave (X), forming a potential higher low within the red demand zone. Now, wave...

Money_Dictators May 2

The USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction. Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance. Wave 4 is likely to develop as a shallow retracement, possibly forming a bull...

Money_Dictators Updated  Apr 30

The AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout...

Money_Dictators Updated  Apr 30

It appears that corrective Wave A in the GBP/USD pair is nearing completion, and Wave B may be forming. The Wave 1 to 5 structure seems to have been completed, indicating the beginning of an A-B-C corrective phase. If the correction unfolds as expected, potential upside targets are 1.32918 and 1.33555. However, if the market faces rejection below the...

Money_Dictators Updated  Apr 30

The CAD/JPY pair is currently trading within a well-defined descending trendline. Multiple rejections are visible around the 108.300, 105.864, 105.434, and 105.044 levels, confirming strong bearish control over the medium term. Price has recently bounced from a critical horizontal support near 101.246, forming a short-term bullish move toward the descending...

Money_Dictators Apr 29

XAU/USD appears to be in a textbook 5-wave impulsive structure on the 4H chart, with the market now completing Wave 4 as a classic ABC corrective flat/pennant. The impulsive move from the Wave 2 low has formed clear internal substructures, with Wave 3 exhibiting extended price action, consistent with Elliott Wave guidelines. Currently, price is consolidating in a...

Money_Dictators Updated  Apr 24

EURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation. Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline...

Money_Dictators Updated  Apr 23

Howdy Traders, AUD/USD has experienced a bearish rally for the past nine days, during which it found strong support at 0.65735 . This support level has proven reliable in the past, as it successfully held the market. Furthermore, a subsequent bullish rally was observed. In terms of the target, the market has confirmed a bearish outlook by breaking the 100-day ...

Money_Dictators Updated  Apr 22

The overall trend of EUR/USD appears upward when observed from a higher time frame, indicating that the 4th wave has completed and the 5th wave is in formation. Within the main 5th wave, sub-waves are developing, and it seems we are currently in the sub-wave of the 5th sub-wave. Once this sub-wave completes, the main 5th wave is also expected to complete. The...

Money_Dictators Apr 16

Daily TF DIVISLAB is nearing the completion of a complex W-X-Y corrective pattern. A long position could be considered after a breakout from the A-B-C channel, with potential targets in the 6100–6400 range. I will update more information soon.