According to the chart, it seems that Bitcoin has completed a flat correction pattern. Two high-probability support areas consisting of overlapping different Fibonacci percentages are marked with green areas on the chart. This flat pattern will likely end in one of these areas. Given that the price has entered the first support zone, any price increase above the...
Logic; Reacent correction with pessimism created more energy for the bulls We are in 'C' wave of final blow up, 6100 is reachable before nov'24 Happy BULLS
REC Ltd NSE:RECLTD shows a breakout-pullback. You can buy at current Price 600. 1st Target would be 800 and 2nd Target would be 945( which you can try achieving using GTT)
XAUUSD already break the pattern and already fly, but the price will pull back to take the astronout before fly higher, as you can see, the elliot wave already hit the 5 wave, and neet to retrace ABC wave to fly higher. You guys can see the number of elliot wave, the zone, and the fibo on the chart
Hey fellow crypto enthusiasts! Let's dive into Bitcoin's recent price action and what we can expect in the coming months. The Correction Phase: Why It's Not All Doom and Gloom First off, don't panic about the current correction phase. After the halving, a correction was not just expected. It’s healthy! Think of it as Bitcoin catching its breath before the next...
Hello traders! Let's delve into a promising trading setup on the GBP/USD pair. On the daily chart, GBP/USD has formed an ABC bullish pattern, indicating a potential upward movement. The pattern is accompanied by a 50% Fibonacci retracement level, adding to its significance. Entry Level: The long entry level (EL) is identified at 1.2428. The price is currently...
Hello, fellow traders! I hope your trading week has been nothing short of fantastic. The recent movements in the gold market have certainly been thrilling. However, as we all know, prices in trading don't ascend perpetually, and it's crucial to adapt our strategies accordingly. Let's delve into a promising opportunity presented by gold. Hello, fellow traders! I...
Rally was short and sweet. Got 0.50. Fibo. Meta cracked it. Was fading all day already after the morning pump; just three up days. C legs typically extend farther and give a 1.62 extension, capitulation and panic prevail. May will be Bearish, at least to start, imo. Need to watch this correction carefully to gauge whether it takes ABC form or a more sinister...
According to the 4H chart, it seems that the price has completed the flat corrective pattern. According to the chart, it also seems that wave 1 was formed from the upward trend and we are currently in wave 2, which is probably forming an "abc" zigzag corrective pattern. Waves "a" and "b" of the zigzag pattern are complete, and for the end of wave "c", I have...
Hello traders and welcome, Today, we are delving into the world of gold, and it's high time for a fresh analysis of this precious metal. On its weekly chart, gold has formed an ABC or 123 pattern. Let's dive deeper into the concept of the ABC pattern: Traders base their buy and sell decisions on the analysis of historical price data and the identification of...
A bullish scenario for long-term view after a confirmed descending triangle breakout with a potential pullback entry position targeting ABC pattern at 100% - 161.8% Fib extension upper resistance of the mega bull flag. S1/S2: pullback descending triangle support / ema20w zone T1: 100% fib extension +50% T2: 161.8% +90% Indicator: RSI week - tapping into OB area...
Greetings, traders, and welcome! Today, let's explore GBPUSD, which has formed an ABC bullish pattern on its daily chart. Currently, the price is trading above the long entry level (EL) at 1.21636. This promising setup unfolds with further potential, targeting Zone 1: Targets Zone 1: 62% AB at 1.28684 79% AB at 1.30976
US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.
Welcome back everyone! Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here. The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC...
Sunworks suffered a lot already, and the stock almost in the graveyard. I am following it a while, was a nice short on the way down. Finally posted a tiny bit more positive earnings compared to expectation. Meanwhile a falling wedge formation created. Also moving in a big downward channel. There are two scenarios for counting the waves, one scenario suggests,...
ABCAPITAL Weekly chart waiting for breakout and on it then we buy on dip first target 199 & Second Target 250.
#LINK Link is following a texbook Wyckoff Reaccumulation Schematic as seen in one from an ETH chart on the left, which includes an Elliott's Wave ABC then another, once liquidity has been grabbed on the 3rd pop up. * Note there is usually a variance between the schematic images when compared to real time Cryptoland due to what I assume is high leverage stop hunting.
EURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk....