As seen in the analysis, GJ has been been correcting for weeks. Expecting a nice sell off once price hits the trend line resistance...
😃We’re seeing a clear upward channel formation, with price potentially rising to around the 0.61744 level. However, a sharp reversal is expected at this resistance point, leading to a significant downside move.
Using the Elliott wave trading method, it indicates that the bears are in control of the oil market. Keep a close eye
Expecting a strong bearish move on NZDUSD. Keep a close eye
Expect a reversal on Gold when it reaches the blue box
In this 3-hour chart, we see a well-defined Elliott Wave structure playing out: W-X-Y corrective wave in progress. Price is likely heading towards the Y-wave completion zone around 2,428.441, as highlighted in blue. After this correction, I'm expecting a bullish reversal, targeting the 2,500 level. A solid setup is forming as we approach the end of this...
In this 3-hour chart, we see a well-defined Elliott Wave structure playing out: W-X-Y corrective wave in progress. Price is likely heading towards the Y-wave completion zone around 2,428.441, as highlighted in blue. After this correction, I'm expecting a bullish reversal, targeting the 2,500 level. A solid setup is forming as we approach the end of this...
Analyzing the 2-hour chart of BTC/USD, we observe a completed ABC correction. Wave A was characterized by a sharp decline, followed by a consolidation phase in Wave B. Wave C completed the correction, signaling the potential start of a new impulse wave. We expect BTC to move upwards from the current level around 63,957, aiming for a target near 66,400, as...
In this analysis, I have applied the Elliott Wave Theory to the AUD/USD daily chart to project the potential long-term movement of the pair. Current Structure: The pair has completed a clear five-wave impulsive decline from the peak in 2021 (marked as 1-2-3-4-5 in blue), followed by an ABC corrective wave, which seems to have completed its final leg in early...
In this analysis, I’ve mapped out a potential Elliott Wave scenario for US Crude Oil (WTI) on the daily timeframe. We are currently seeing a complex corrective structure unfolding, characterized by a WXY pattern. Key Levels to Watch: Support: Around $60 (possible Wave B termination)Resistance: $120 (potential Wave X top) Outlook: Expect a potential move to the...
In this 2-hour chart for XAUUSD, we observe the formation of a complex WXY correction pattern, indicating that the price may be gearing up for a significant move. The chart shows a completed wave W and an ongoing corrective wave X, which is subdivided into an ABC structure. As the price approaches the completion of wave X, we anticipate a strong wave Y to the...
In this 2-hour chart of GBP/JPY, the pair appears to be forming an ABC corrective pattern within a rising channel. The price may encounter resistance around the 191.220 level, potentially completing wave C. If confirmed, this could trigger a downward move toward the 180.000 region, aligning with the broader bearish trend. Traders should watch for reversal signals...
Gold Spot (XAU/USD) - Elliott Wave Analysis In this 1-hour chart analysis of XAU/USD, we identify a potential W-X-Y corrective pattern in progress. Key support at 2349.88 may signal a bullish reversal if respected, offering a prime opportunity for traders. Monitor the resistance at 2400.00 for confirmation of the upward move.
Gold Spot (XAU/USD) Analysis - 1 Hour Chart In this 1-hour chart of Gold Spot (XAU/USD), we observe a potential Elliott Wave pattern unfolding. The market is currently in a corrective phase with a W-X-Y formation. After completing wave W at 2349.88, we are expecting a corrective wave X to complete soon, followed by a downward move for wave Y. The anticipated...
In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.
In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.
In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.
Pound, heading up to the 50% retracement level before going back down.