DXY D1 XAUUSD experienced a substantial surge, mirroring the impressive ascent of US30, US100, and other ***USD-based instruments. This surge was prompted by a notable sell-off in the dollar, aligning with CPI figures that fell below expectations. The market displayed a strong, one-directional momentum, creating a powerful and widespread impact across various...
Price is trading in an impulse move, I'm expecting a wave 5 drop soon whether on the current level which is the 50% or 61.8% Fibonacci level although the price can't break the marked-up level.
Relative new to the theories of Elliot, however this is a scenario that seems to be playing out. Hope someone with some more experience could comment on this idea, thanks in advance.
RSI on the daily is already at the overbought area. Volume is decreasing. The buying power is insufficient at current levels. Seems like the second leg of a corrective wave going to bring the price of BTC/USDT below 30K.
Waves have the right Fib. numbers in all 5 elliot waves, and should get a corrective of ABC waves, before second impulse in daily chart.
Eur/Usd Expecting more downside on EU. Weekly Time frame - Structure is bearish making LL & LH Rejected the descending trend line & 61.8% Fibonacci Looks like the end of wave 4 Daily time frame - Price action is in a correction after an impulse to the downside ABC correction of wave 4 Price did break out of the descending trend line temporarily but closed...
Waiting for $45K + Bullish Divs, then leveraging the living soul out of ALTs + BTC! Good luck everyone
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 Guys, this looks like a nice buy setup. Watch lower time frame for flags before entering the trade. Follow the setup like we've been talking on the Webinar: www.tradingview.com Trade with care
It is in B wave correction and will form abc zigzag to finish it. c of B wave will go up to 785 before it starts the C wave down.
GBPUSD chart analysis using Elliott wave.
USDCAD analysis using Elliott wave principle
cycle likes to repeat and I got strong feeling that we are in sort of this movement going forward
prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in an impulsive mode ALT: continuation of wave (ii) either in a simple or complex correction critical price area previus daily close 1.2077 PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786) static S/R 1.2106 key – 1.2153 critical volatility D 1.2058-1.2156
Gold has been making noticeable corrective & impulsive moves between 1785-1797 . It resisted at 1797 as predicted, and also is what caused the corrective move back down to 1782 . Strong impulsive move was also noticed after 1782 was tested; could expect a bull run (impulsive) towards 1792-1810 . If Gold cannot break 1795 , and closes under...
As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse! See linked chart for the education post regarding impulsive and corrective breaks. Goodluck and Trade Safe!