(SOL) solanaHere is the first chance to truly see what Solana is made of-. This random SAR indicator idea I made creates a long line that extends itself indefinitely. Currently there is one purple dot atop the Solana candle price August 4th 2024 due to a bottomed out price that broke the long running underlining "bullish," sentiment line, if you want to call it that.
4th
NIFTY THURSDAY 4 AUGUST OPTION EXPIRY ANALYSISAccording to our yesterday analysis,price could not break higher or lower S & R levels and remained sideways the whole day. Yesterday we saw the W pattern today we can see the CUP and HANDLE (which we can expect tomorrow to complete) pattern. So tomorrow if price breaks below 17380 we can assume to be a continuation of todays remaining part of the handle (cup and handle) pattern. As we discussed earlier in last week"s analysis price coudn"t break 17100 ...17450 supply and demand area. Tomorrow we can expect price to move out of this range if price gapsup above 17450 level or opens near todays closing price and breaks the 17450 level till afternoon.
The Magic of Cycles - Part IIThis chart reviews the four major cycles affecting humanity, being the:
- Kondratieff Cycle;
- Strauss-Howe Generations Cycle;
- W.D. Gann Property Cycle; and
- Solar Cycle.
I contrast these cycles with Global events of the time, the price of Gold, the US M2 monetary aggregate, and US Interest rates.
My commentary on the chart is available on Patreon for free. Enjoy!
The 4th TURNING and Davos' GREAT RESETThe 4th Turning is a sociological study of the last 600 years of Wester culture. In it, the authors conclude that society goes through 4 stages culminating in the 4th Turning, a time of chaos and upheaval that ends with the establishment of
a "new order". We are in that period now, and the excessive debt, inflation and political tensions around the world indicate that there is a monumental change coming. Perhaps Davos' GREAT RESET as annunciated by Klaus Schwab, Perhaps something worse. Only time will tell.
LTCUSD: Correction before the peaksOn LTCUSD, a correction (4th wave) can be expected after reaching our respected non-horizontal trendline. If the price goes into a corrective phase, then our Long-position Trigger would be around our support, (200-205) levels, and it will be the beginning of the final impulse of this 3rd motive wave.
And if the price breaks the ATH, we can BUY with more confirmation and with even bigger lot sizes.
Until then, Trade Safe and Best of Luck !
EURJPY-4H-Correction for 4th waveHi guys;
Currently this pair is completing the 4th wave as a correction till demand zone( the second grey zone or lower trendline ) after that we expect that it starts a new impulse as a 5th wave.
Please put your comment and like .
If you would like my vision , analysis please follow me thanks guys.
ETH bullish or bearish 🤔🤔👀👀Hi dear treaders, ETH fluctuates in the area of 1230$ to 1180$. If the price breaks the trend line, the price will go down to the support area S1. The main support is in the S2 area, which is specified by the EMA200. In case of failure of the upper side of the triangle and correct failure of the 1258$ resistance, the next target is 1298$.
If you like my idea please click * like *button and comment your idea.
Good luck
ETHRUM in 4H time frame ready to bullish (ATH)🤗💣👀Hi dear treaders, According to the previous analysis, we reached the desired targets. ETH now has a resistance of 1340$, which, if broken properly, will be the next target of the 1420 $resistance. As you can see, because of the divergence in the price chart and the Rsi chart, we had a return to the support area you see in the chart. If the resistance of 1340$ is not broken, the price will return to this area. In the price chart, ETH is always on the rise.
If you like my idea please click * like * button and comment your idea.
Good luck.
ETHRUM in 4H time frame trying to reach 1200$ & 1300$ 😎🗯💥🗯Hi guys, The price has twice moved from the support of 900$ to the highest point, 1162$, but it was unsuccessful and could not advance more than 1120$. This is the third attempt and if it fails, it goes back to the first support area identified. And if this support is broken, the second area is desired. The movement trend is seen in the chart.
If you like my idea please click * like * button and comment your idea.
Good luck
Step In To My Office... Part of what I'm thinking it could be right now... the correction began in 3 waves up in 4th wave, which we can conclude we are heading for a flat correction (3,3,5), it is also very common in 4th wave... an extended flat of regular flat occurring most of the time in 4th wave... also triangles.
In this video, I let you go inside my head... the way I'm thinking and why I'm thinking that way... have fun ;) This is the most important for me
SPX500 & ELLIOTSPX500 is currently now in the ABC that compounds the 4th wawe.
Probably it will go at least till the Fibonaccio 38.2%, that in this case is around the last relevant low.
After completing this C leg and the correction that completes the 4th leg, SPX500 will try to develop the 5th wave of this impulse. Let´s see if they can reach the histocal highs again, and later if they can create another one...or this is the beginning of the end, the enf of these 10 years of bull market.
In this situation we take that short trading position.
Good luck and nice trading.
PS: if you like this analysis, the chart and the comments please share this idea with your friends and follow us to get the next comments in this strategy and the other ones now on. Thank you.
Gold is going down soon- then upThis chart is clearly based on Elliot wave theory and represents my humble opinion of where we are on the daily chart. I believe we are in the B leg of an ABC correction within a 4th wave, will top out soon, and descend into the Fibonacci extension region denoted by a target symbol to complete the C wave before embarking on a 5th wave up. For the record GLD should only be considered a trading instrument- not an investment one (IAU is good) for reasons beyond the scope of this post. In the interest if transparency I am currently long GLD calls but will exit very soon and most probably enter puts for completion of the 4th wave. Thanks for reading, questions and criticisms are welcome.
Exide Industries - Long Term View Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave
Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area.
After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement.
So, if top is 324/300 we can expect decline till 162/150.
There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
5th wave of a bullish elliott waveI was long at the bottom of wave 3 after noticing a bullish butterfly. I later realised I was looking at what seemed like the top of wave 4. I decided to close my long position and go short soon after. I hope I'm right. I'll monitor it and see if I can close my position somewhere in the green area
Edit : I misplaced the entry price, I in fact entered at 0.76319
GBPUSD enters the 4th wave of the Cycle degreeIf you must trade the cable next week, look for buy opportunities. I say if you must because, the ATR is in the rise and 14 day period ATR of the H4 stands at 200 pips. So be protective and expect big moves back and forth. If you can get this trade, it will easily cover 300 to 500 pips. See my detailed explanation, analysis and forecast
EURUSD Road Map Ahead based on Wave Analysis!!EURUSD road map shown on the chart as per wave analysis and my understanding of wave principles. EURUSD is in Primary 4th Wave down wards. The wave structure that it has made till now indicates that it might correct towards 1.1100 first and then rally towards 1.1800 levels to complete the W-X-Y move after which we might see declines again. Lets see how it goes.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com
GBPUSD 4th wave sellGBPUSD continues bullish however we have what looks like completion of a 3rd wave.
Trying something different so my stops are wider than usual.
Sell 1.4585 TP 1.4455 (1.28 Reward:Risk)
Sell 1.4575 TP 1.4390 (0.98 Risk)
4th wave will likely target anywhere from 1.4350 to 1.4480
Oscillators - we have divergence on the stochastic RSI but not the RSI. H3 shows RSI divergence.