Hi everyone:
Some big movement in the last few days on USD. CHF, JPY pairs, and I was able to get in on the CADJPY sell.
Looks like CAD pairs are getting weaker, and I can expect CADCHF to also continue its bearish price action.
We can see after the initial bullish up move, price formed a pennant/triangle correction, but didn't not continue its originally...
The formation looks inviting, waiting to see how it plays out. The pair seems to have printed an inverted head and shoulder formation indicating trend reversal and its happening at a key level.
Hi traders:
We can see here on CADJPY, after failed to continue after breaking the higher time frame double tops,
price begin to reverse down, hit the previous swing lows, and formed into a correction.
Price is in the process of the the bigger Head and Shoulder pattern,
and we can see clear impulse down from the continuation correction.
To confirm further...
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
Like and follow!
-Update elliotwave.
I am using the same fractal for the chart that has Kin hitting $0.003 by year's end or the end of this bull cycle. As ai have said many times that these price targets are really affected by Bitcoins end price by December 2021 or January 2022.
I am using two fractals with price points at $550 and $900 by end of this bull cycle for December 2021/January 2022. Of course, we all know we could go lower or higher. Price depends on the demand for Solana and the high of the Bitcoin peak.
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
Like and follow!
-Update elliotwave.
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
Like and follow!
-Update elliotwave.
These forecasts are my personal opinions, I'm not an expert, please be careful.
If you like my forecasts please share them.
Comment anything and I'll try to be responsive.
Like and follow!
-Update elliotwave.
Hi everyone:
Here on DOW JONES, we can see that price has been consolidated in the HTF structure for quite some times now, forming a corrective ascending structure.
Latest price corrects itself up in a smaller ascending channel, and formed double tops before reversing down in an impulse phase.
This is all good indication the bullish momentum is exhausted,...
Hi everyone:
Similar approach like DOW JONES, as we can see the similar bearish price action here on SPX.
Price has been in the higher time frame ascending correction for quite sometimes now. Few attempts to impulse down and breakout structure, but none has been able to.
As we know, price action can continue its consolidation phase for a long time, and its...
