syedhamza2135

syedhamza2135 Updated 

Almost 80% of the market has turned bullish at this time. So I would like to point out a Bearish case on SP500 today. Similar to my BTC outlook, this also involves formation of Expanding Diagonal Waves. Even though we broke upward from the trendline, this does not implies that we have invalidated the bearish PA (at-least not yet). We are currently at a critical...

syedhamza2135 Updated 

Gold has ben in a continuous downtrend. which consisted of 5 downward impulsive waves. It is yet to be decided rather the impulsive waves are Elliot Impulses or Extending Diagonals. In case it is Elliot impulse waves, 1700 - 1705 is the region from where we should see a bounce which is the range of 100% extension of wave 1. In case we go lower, then it can be...

syedhamza2135

The recent decline on EUR against US Dollar is about to finish its 5 wave cycle in upcoming couple of weeks. Which will be followed by an u [ward relief rally. Once the 5th of the 5th of the 5th wave is completed, That will be the time to go into long positions at the mentioned expected fib level.

syedhamza2135 Updated 

BTC seems to be breaking down from what appears to be somewhat of a bear flag which can be considered as upward ABC correction. But in my opinion, this is another trap for bears, the downward which i am expecting is around 18k - 18.5k range with upside target of ~25k.

syedhamza2135

I have been eyeing at the 34k region since a couple of days, I explained in my previous analysis, the reasons why 34k is most likely to be reached before we see any further downside move. We are currently looking at a zig-zag corrective structure. BTC has been making ABC corrective waves. It recently broke the trendline and is currently consolidating below that...

syedhamza2135

In my recent analysis, I talked about somewhat of a bullish case for SPX. In this chart i am mentioning bearish case which is also 100% possible (but less probable imo). If we consider the downward move to be consisting of WXY instead 12345, then it negates the possibility of reaching the levels mentioned in previous analysis and indicates we will be seeing the...

syedhamza2135

Since my SPX analysis in which I called the bottom, we are currently ~5.6% up. The price action so far is good and I am sticking to my plan. On macro scale, I do not yet believe that the downward movement (dip) is over yet. The main reason is because the expanding diagonal waves do not occur at the end wave of a move. Though we still have chances of visiting lower...

syedhamza2135

BTC has been in upward movement for the past couple of days. The price action seems a bit disappointing indicating that we have one more downward push to go. It will also complete our 5 wave move. I am expecting BTC to bottom around 19k - 20k but it can depend. For time being, on LTF. I am expecting an upward movement till ~34k in zig-zag correction of wave 4....

syedhamza2135 Updated 

Everything is explained in the charts. 90% retracement of the previous impulsive waves. A bounce from this level can push the GOLD prices upward into a triangular consolidation.

syedhamza2135

Since my previous analysis in which I called the bottom on SPX, we have seen upward impulsive waves. Though the impulsive wave was converging diagonals, indicating that the bulls are not that strong, but the current consolidation for next leg up might be able to change the market sentiments. Even though the fundamentals and economic news are indicating macro...

syedhamza2135 Updated 

The current upward trend looks more like a wave A of corrective wave 4 of larger degree than the impulsive wave 5. I am expecting a pullback around sub-wave 2 of wave C (Ending diagonals). I am currently targeting around sub-wave 2 of wave C.

syedhamza2135

Oh shit, here we go again. I am gonna pretend like i am writing some rhetorical explanation since Trading view dont let you publish ideas without enough explaination.

syedhamza2135

BTC is about to finish 5th of the 5th of the 3rd of the 3rd wave mentioned in the chart, That wave seems like its gonna end around 25k$ region. I will be looking for a long opportunity after this. Now its also possible that the bigger WXY waves turn into 12345 impulses so we shall have to wait for further price action later to be sure rather the dump is over in...

syedhamza2135

In my previous SPX500 analysis, I mentioned about the upcoming downward movement along with saying about the importance of fib levels present in the current region. The wave structure I mentioned before seems to be around completion. I would be looking for a long opportunity in this region.

syedhamza2135 Updated 

I have shown the recent waves of our corrective cycle on SPX, this is the most possible wave structure i can think if right now. The recent downward move is a 5 wave structure (wave 2 consisting of simple zig-zag and wave 4 consist of complex triangular waves ABCDE), which indicates that it is wave A of a bigger wave ABC. The 5 impulsive waves consist of...

syedhamza2135 Updated 

I would not consider FOMO buying (especially with leverage hoping for lambo) at the moment (unless you are prepared to average it out lower). I am thinking somewhat of the mentioned impulse wave structure at the time being, the sub-wave 4 might look like a double bottom breakout here which can trap many of the traders. Followed by out last impulse wave 5 thus...

syedhamza2135 Updated 

BTC is currently in 6th red candle on weekly time-frame, the fear in the market is at its extreme, the gradual drop has exhausted the buyers. Panic selling is at its peak where everyone is selling in loss in order to buy back lower in 20s, where-ever i see, Everyone right now is talking about either late 20s, early 20s or late 10s. While that seems entirely...

syedhamza2135

DXY has been in continuous upward trend for weeks now, to me it looks like the price has reached its peak for time being, hopefully SPX and BTC will be able to see some upward movement in upcoming days if this is correct.