WicktatorFX

WicktatorFX

NASDAQ 2WEEK CHART Red EMA = Weekly 50EMA Blue EMA = Monthly 50EMA Nasdaq is on a steady incline but with all good things, it must end... kinda. Every so often we get a big correction. The last time we got a correction was in early 2022 where we saw a drop of 38%! After the corrective period ended, we saw a climb of over 100%. It is likely that we'll see a...

WicktatorFX

Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline! We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch!...

WicktatorFX

In our last analysis we identified that we were looking toppish and gave several ways to confirm the reversal and get in. We reversed perfectly and dropped 1500pips! We are now seeing a lower timeframe correction but we are still primed to drop another 5000pips. On lower timeframe, watch for the completion of this correction. Again, we can use several ways to...

WicktatorFX

Our last analysis for USDJPY resulted in a massive 2000pip trade! We are now getting ready for another 2000pip trade setup. We anticipate price to move within the fib levels. As to which price exactly is yet to be determined. We can easily use price action to figure out where the reversal point is once we enter our area of interest. In the meantime, we can look...

WicktatorFX

USDCHF is currently in a 5 wave impulse. Elliott wave theory suggests that if wave 2 is a simple correction, it is likely that wave 4 will be somewhat complex. From the looks of things, we are seeing an expanded correction for wave 4. We are expecting wave C to complete at the local highs where we got the 0.5 fibonacci. Trade Idea: - Watch for wave C completion...

WicktatorFX

Our last 2 analysis of Silver has played out perfectly! We identified that we were in a 5 wave impulsive move and were looking for wave 4 completion. We have finally completed wave 4 and we are ready to load up for the 5th wave! Trade idea: - Risk entry anywhere above invalidation - Safer entry on break of red trendline - Stops below invalidation - Targets:...

WicktatorFX Updated 

Here we have the 2 month chart of GBPJPY. We can see that we're in a massive ending diagonal made up of 5 waves. We are currently on wave 4 and have almost completed. At the moment we are working within the parameters of a channel however we must be aware that we may exceed the channel. The channel is just there for us to use as a guideline. In 2007, we have a...

WicktatorFX

Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis. To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag. We are currently in subwave 2 and looking for a massive move down to complete the overall WXY...

WicktatorFX

All JPY pairs look like they're at the very top of their patterns. AUDJPY is currently confined within a parallel channel and we're at the very top of the pattern. We are now looking for any reversal signs on lower timeframe to indicate that the top is in. There's a number of ways this can be done. 1. Trendline Break Watch for price to break a trendline that...

WicktatorFX

In one of our earlier analysis, we posted a massive short where we banked over 900pips! Now that the bearish trend has completed, we are now in bullish territory. CADCHF is currently in a big bullish ABC correction. Wave B tends to be a complex one and that is what we are currently focusing on. We have 3 trades lined up for CADCHF. Trade 1. - watch for price...

WicktatorFX Updated 

We know this is an unpopular opinion BUT technically, Bitcoin is ripe for a move to the downside. On the monthly chart, we can see that we've completed a major wave 1 impulse and now we're in a wave 2 correction. We're looking for one more move down to complete this wave 2. See monthly chart below: It looks as if we're making a 535 correction and therefore,...

WicktatorFX Updated 

Bitcoin is showing us a really nice 535 zigzag correction. Zigzag corrections often appear as a flag so we should not expect the highs to get hit. We're expecting wave C soon. Trade Idea: - Entry on break of the red trendline - stops below price after trendline break - Targets: 40k, 50k. Taper thereafter Goodluck and as always, trade safe!

WicktatorFX

Following on from our last analysis where we identified that Bitcoin was in a 335 flat correction, we finally have the top in place. We are now expecting 5 waves down to complete wave C of the major flat correction. We've already completed wave 1 and now in wave 2. We're expecting price to move back up near the highs where we'll be looking for price to stay...

WicktatorFX

Elliott Wave Theory adheres to the following schematic regarding impulsive moves: Wave 1 - is made up of 5 subwaves (impulse or leading diagonal) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave made up of 3 waves (correction) Wave 5 - Can be either an...

WicktatorFX

Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The chance of it going bust is incredibly low. Any dips should be considered a...

WicktatorFX

In our last analysis we identified the picture perfect higher timeframe impulse schematic. We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear. We now have the wave 4 correction and we are halfway through it. On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and...

WicktatorFX Updated 

In our last analysis, we shared an unpopular opinion where we forecasted Solana to move down towards the $10 region. We appear as if we've made the top and looking for further downside. The overall pattern we're seeing is a 535 Zigzag correction. We had our confirmation to sell as the break of the red trendline, which we used to signalise the end of wave B and...

WicktatorFX Updated 

Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on. We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this...