As you can see, the price has reached the ceiling of the ascending channel and also completed its five ascending waves, and now it is time for the ABC correction wave to begin. Also, the negative divergence in the MACD makes this signal stronger. ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Hi traders, CHFJPY is setting up for a downside move watch price action and look for short GOOD LUCK.
Hi My previous Elliot analysis is expired. In this situation, we are in wave fifth with ABC structure. We have ending diagonal. The Chanel of this structure is so clear. You can sell btc at 39000-39400 with tp around 33000-33400. Have good trade Yours
Base on Renko candle chart, we easier realize an ABC Correction Wave are forming after Elliott Uptrend Waves completed. This correction should stop at $315 - $320, right the top of 3rd Elliott Wave. That is important Demand Zone. If a big Panic Sell happen, it easy to take SPY down to $295 - $300. To break this downtrend, SPY needs to close above $352 for at least...
Chevron Corp (CVX - NYSE) has completed WXY in double zigzag pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action. CVX and XOM are about 22 - 22 % holding value of XLE etf, which drag it down as both has C wave down...
Price action followed ABC correction wave until full consolidation and bounce from Fib 1 support level. Middle-term timeframe analysis reveals a start of 5 Elliott impulse growth waves. Such early entry provides a great opportunity to earn profit throughout the rest two ascending movement The forecast is enhance with continuous Fibonacci retracement levels...
Hello Traders! This is complete analysed chart for you. Hit like for support. As we can see there is a failed breakout because this wave is supposed to not cross wave (b) and go downside to form wave (c) which will be equal or larger than the size of wave (a). Fibonacci worked great as always. Also checkout other fully analysed charts below.