TCMTrader1

TCMTrader1

Based on ICT Concepts We can Deduce the Following. 1) Expansion in Price seeks an Oder Block 2) Consolidation of Price will seek the Equilibrium (50%) of the Range Nas 100 has put in what looks to be the High of the Week and the Rest of January 2023 Orderflow is now looking to go from Bullish to Bearish. Retracements into Premium PD arrays will be for shorting...

TCMTrader1

This is the USDZAR roadmap for the next few years or so as you can see that we are in an Elliott Wave Flat Correction here Most likely to run the Range high then run the Range Low before breaking up higher All eyes on that massive short at the top!

TCMTrader1

USDZAR still Looking Mid Term Bullish here. Expect a drop Short term before making higher highs.Not looking too good for South Africans going forward. Should see some reprieve after a year or 2 and a lot of strength

TCMTrader1

There are always both a Bull and a Bear Count running concurrently until 1 is invalidated. This is starting to lean more towards the bearish side now, i expect a retrace to 14.54 before any further downside. Strong Resistance at those levels

TCMTrader1

We were looking for short setups on the Rand but that has been invalidated as the XX wave has retraced higher than the X wave. This leads me to believe that we are in a new degree upward to complete our overall B wave.Not looking good here for South Africans

TCMTrader1

We are looking at shorting the retrace of this move up no higher than the previous candle high. Target 13.08 for now. Great R:R ratio on this

TCMTrader1

We are seeing the Rand almost at completion of an extremely complex combo correction in what looks to be a triple zig zag. Invalidation of this XX wave above the blue line as it cannot go higher than the previous x Wave. With all of the uncertainty surrounding the country and government , I am unsure as to what the Catalyst from a FA point of view will be to be...

TCMTrader1

Not quite done here to the upside, small retrace to around 14-28 before the final push up to 14.67. Expecting a major retrace to around 13.11 thereafter before we see new higher highs and a Weaker Rand for the upcoming months

TCMTrader1

Will be looking for longs to complete the E wave which has to go higher than the C for this Expanding Triangle. Definitely shorting thereafter all the way down

TCMTrader1

Channel Limits Resepected. Usual stop run break out before a major move in the opposite direction. Current Target R 12-90

TCMTrader1

A drop here to the Daily OB for a possible S/R Flip then continuing the move upwards to around 162. Expecting a larger drop from there

TCMTrader1

Currently in the second impulsive move up, targeting 160 before any major reracements. Direct is upward, will be looking to add on any dips

TCMTrader1

Currently forming the B wave of the Final Y wave of our correction. Expecting a spike up to 13.85 then a slow bleed to 13.43 to test support before an expansive move up to 14.10 or so. We should see a nice drop towards the second half of the year into the 12.60 Area. A little bit of sideways movement / accumulation then the final leg up to test the previous high...

TCMTrader1

Currently forming the B wave of the Final Y wave of our correction. Expecting a spike up to 13.65 then a slow bleed to 13.43 to test support before an expansive move up to 14.10 or so. We should see a nice drop towards the second half of the year into the 12.60 Area. A little bit of sideways movement / accumulation then the final leg up to test the previous high...

TCMTrader1

The complete Elliot Wave count on Bitcoin and why 10k Is likely. Video posted in detail on My Twitter Account

TCMTrader1

In this bullish Count We see that we are simply making an X wave correction Downwards before an Expansive move up tom complete the Y Video Explanation posted on my Twitter account which explains both the bullish and the Bearish Counts. Leaning more towards the Bullish count as this has more correlation to BTC and ETH

TCMTrader1

Why I am Shorting Here The Current Wave Structure is clearly Corrective which leads me to believe that we are in a Flat correction of wave 4 and have not yet started wave 5 up. I am expecting a retracement to around 6312 which could wick down as low as 6270 at this point before any continued upward price movement for wave 5 around 66xx. This would complete the A...

TCMTrader1

BTC Previous Fractals Play