◽️Technically, all conditions for the completion of the second wave correction have been met, and now quotes can be safely reversed up. However, current events in the global economy do not yet provide grounds for confidently asserting this. Locally, the price may still be driven down to $50 per barrel and even slightly lower. One way or another, it is important to...
On chart I tried to fit three instruments at once: 1️⃣ Bottom (white) chart: Gold to Oil Ratio. 2️⃣ Middle (red) chart: BRENT crude oil price. 3️⃣ Top (blue) chart: Dow Jones Industrial Average to Oil Price Ratio. 1️⃣ The first thing to pay attention to is the white chart: GOLD/OIL Ratio , specifically where this ratio is today. Over the last 75 years of...
#Update ideas on Bitcoin dated April 07 . From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave. Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead...
Hello! Apparently, the upward corrective movement is more confusing and complicating. I assume the scenario of five wave corrections in the form of a triple zigzag W-X-Y-X-Z in wave (B). Now, his last wave (c) of (Z) of (B) is completing the formation. Daily chart: Globally, on the daily chart, I marking a flat in wave (X), where at the given moment, is...
Hello everybody. Having examined in detail the wave structure from the beginning of the decline, I conclude that an increase from March 23 of + 30% , is only a correction of the decline impulse. This correction I marked by the fourth wave, which is most likely already formed. From 24000-24400 I expect a continuation falling in the fifth wave, with the aim of...
Hello! I expect the fall of the fifth wave from 7500-7800 to 3600-4000.