Eliottwavetheory
DRGN is going to pump 65% in its BTC pairAfter a golden supporting, the 3rd Eliot waves is going to increase the price up to the daily channel middle zone
EURJPY Hi traders, im watching eurjpy for potencial sell. Eur index is showing that there is still some room for price to push lower, and so far I dont see any sign for reversal. Also jpy index is showing nice buy potencial. Im waiting for price to tap trendline and hit 0.786 fib which will complete that bearish flag. If price will agressively break above that trendline, this will invalidate that setup. Stay potient and watch price! If price will start pushing lower, i will watch what price will do around lower trendline. Good luck!
Nasdaq anticipation wolf wave - elliot wave - ascending wedgeI've been anticipating nasdaq moves ignoring the news since quite a while and it work way better that way.
and i figure out 3 scenari. the upside one (which is the less pssobile to me, but still a possibility)
If nasdaq respect my anticipation, (which is working since the last bottom) it would confirm a bigger drop later , currently forming and ascending wedge, and if Nasdaq goes to a range to 13400/13600, that would be a perfect bearish wolf wave. confirming previous anticipation drop.
Then where would be 2 scenarii, 1 is the rebound from the 1D SMA200, the 2nd one would be the confirmation of the 5th legs of Eliot's wave and 50% fibo on weekly, so 10780.
time will tell, im into the 2nd scenario.
EURUSD possible buy Hi traders, as you see price breakout of descending channel, and now made abc correction, which is showing that price can move to the upside. I want to see break of that structure and pullback to confirm that buy. Be carefull we are having high impact news today for dolar, and i expect dolar to push lower since its showing bearish price action. Stay patient!
Eliot Wave BTCUSD60k may or may not be a top for BTCUSD. While there may be some bullishness left in the short term, from the daily perspective bitcoin appears to certainly be in the last wave of its up-trend. The last 3 price peaks each saw a lower RSI than the previous peak, strengthening the case for the beginning of the corrective phase.
This post is NOT investment advice. Critiques on my analysis are welcome.
Bearish scenario on ODX Eliott waves countLSE:ODX A friend of mine asked me to look into ODX, I made this for him and thought I could share with a wider public.
As a disclaimer, I'm still not a big expert of Eliott waves, so I'd be happy to hear any constructive feedback.