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Eliiottwave

KLAY/USDT is in correction (for now)Hi every one KLAYTN / TETHER KLAY/USDT is doing an impressive move! If we Deploy the Elliot wave principle, we can understand that the five impulse waves has been completed and the price is now in correction. the first correction wave (A) is completed and the second and third expected correction waves can happen like the picture shown in chart. There are also divergences on both MACD and RSI which strenghten the formation of the second correction wave and after finishing the correction the continuation of the bullish trend. (as you might know after finishing all of the Elliot waves the trend can easily continue weather It's bullish or bearish.) Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
K
by CobraVanguard
16
XAUUSD - Elliott Wave ForecastHello all, A quick update, the smaller degree wave (v) could be in play. Price has bounced of a possible wave (iv) count around 1831-1832 (38.2%). If the wave (v) is in progress then I expect the price to drop back out of the marked sell zone. Please refer to my previous ideas which are linked below. Follow for further updates. Trade safe, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDShort
by BeyondEdge