WicktatorFX

WicktatorFX

In our last Cardano analysis, we broke out of the descending trend and we were expecting a retracement. Since then, we got a really clean retracement leading to double bottom. We have a nice trendline in place which we can monitor for a break. See linked chart for our previous analysis. Trade Idea: - Enter on break of descending trendline - Stops below the...

WicktatorFX

EURGBP is ranging perfectly between a parallel descending channel. The nice thing about this pattern is that each wave has an ABC corrective pattern which has been highlighted in ABC. We can see that we're currently on the 5th and final wave, which is the E wave. After this wave, we're expecting a major bullish reversal. In the meantime, we can still trade...

WicktatorFX

Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen... Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the...

WicktatorFX

Netflix is one of the many companies that used the global pandemic to their benefit. With millions being in lockdown, there was only so much board games you could play before you switched on Netflix.. and chilled. When the pandemic hit in March 2020, Netflix saw a staggering growth of almost 100% in just a few months. In total, it went on to gain 142% from the...

WicktatorFX

Vechain has completed the higher timeframe ABC correction and now we simply need to look for bullish corrections to enter. We currently have a really nice bull flag with a solid trendline which we can monitor for a break. It's possible that we may revisit the double bottom before moving up so just bare that in mind and have it marked out on your charts incase we...

WicktatorFX

EOS is currently in a higher timeframe ABC correction. The chart posted is showing the C wave in detail, which has 5 subwaves. We can see that subwaves 2 and 4 are ABC corrections and now we are currently in the 5th and final subwave. We have marked out the extreme lows for EOS which falls at 1.365. It is possible we may retest that level before we start the...

WicktatorFX

Following on from our last post on Polkadot, we are now running gains of over 25% from our sell zone. We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where...

WicktatorFX

EURUSD has been particularly interesting as of late. It has been following the Elliott Wave schematics on both the higher timeframe and the lower timeframe. On the monthly timeframe we can see that we're currently in the 5th wave and approaching a structure level where we may see a supportive bounce. Will be looking to sell EURUSD until we hit the...

WicktatorFX

Following on from our last post on Bitcoin, we are now moving forward with the idea that we're in an expanded flat correction. We had a really nice trendline break, which resulted in running gains of just over 14%. On the higher timeframe, we can see that we're in the 4th wave which is an ABC correction. The question is: where does the 4th wave end? Is it an...

WicktatorFX

Shiba Inu is currently being held by a parabolic curve which is being respected well. We could be making a double bottom (reversal pattern) before we break out of the parabolic curve. Historically, parabolic setups often have a massive breakout. We could see Shiba blow past all time highs and make gains of over 400% Trade Idea: - Watch for price action at double...

WicktatorFX

Higher timeframe shows that we've had a massive impulse followed by a correction. Naturally the next move should be (and most likely will be) an impulse. The ABC correction completed with a nice descending wedge and now we are in bullish territory. Trade Idea: - Watch for bullish price action on lower timeframe - Not anticipating price to break the bottom so...

WicktatorFX

From a higher timeframe view, we can see that there are 3 significant bearish phases. Phase 1 and 2 are really impulsive indicating there's heavy momentum to the downside. However, phase 3 is very corrective with short bodied bearish candles. This indicates that there isn't much momentum to the downside and that bulls are coming back into the market. We can see...

WicktatorFX

Uniswap has recently broken out of a descending wedge, which is a common reversal pattern. After breaking out, we appear to be coming back to the lows - possibly double bottom, which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon! Trade Idea: - Watch for price action...

WicktatorFX

NZDUSD is currently in a downtrend and approaching a clean reversal area. We have a descending trendline which is acting as a guide for our bearish trend. We've rejected the trendline twice before and approaching the third touch. We're mindful that the market is over extended and freak moves may still occur, which is why we have the structure level above it as...

WicktatorFX

Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below: In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5...

WicktatorFX

Following on from our last post on Gold, we rejected our sell zone perfectly and made a 1700pip move down. We are currently in the C wave, which is often made up of 5 waves. On lower timeframe, we are seeing some consolidation which can be marked out as an ABC move. The area we are looking at for a rejection is the 1965 level where we have structure and the 38.2...

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ICP had been in a wedge for the better part of 6months and we are finally seeing a bullish breakout. As mentioned before in previous posts, wave E can sometimes fall short - which we got here for ICP. Wave E fell short but we created a double bottom pattern before the breakout which is a good bullish indicator for reversal. Trade Idea: - Look for lower timeframe...

WicktatorFX Updated 

Following on from our last Bitcoin post, we are now at the important inflection point where we could see it tumble back down to the 30k level. If we break above this current level, it would mean we could see possible ATHs. Ideally we want it to drop once more to 30k levels so we can get an entry for the bull run and have a nice completion of the expanded flat...