Eliottwwave
Expanding Diagonal completed in SOLANAWell, interestingly today I was trying (hard) to follow SOLANA on what I thought the completion of yesterday´s ABC correction.
To thebes of my knowledge, we were in Wave C, of a subwave 4 still pushing downwards.
But, then it begun to turn bullish and more bullish, then it was obvious that the ABC had finished and we were now in some sort of impulse wave.
But which?
None fitted! At last I realized this could be one of the variations of the so called ending and leading diagonals.
And it was!
The proper name is expanding diagonal, you can read all over the internet about it, and also here: elliottwavemonitor.com
Hope you enjoy.
It seems to be a very rare pattern which some have even said it is "non existent".
To make a long story short: Solana would be then in finished sub Wave 1 of 5 in its Wave 5 pattern. Will it end soon? Who knows. Crazy market.
PS( Look how accurately Fib 0.786% level has acted as ceiling for this expanding diagonal...)
BTC EW correction analysis: Bear variantThis count presumes that the entire move to 69k was a B wave. Which would explain why there was such an unclear wave 1 in the previously named wave 5.
We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly.
BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the wave 5. Note that there has not been an extension in the 3...!
TLDR
There's a strong possibility that we have a short bull trend breaking 25k high slightly before resuming down
Bull variant will follow soon.
this is how im drawing the long term pictureweve had a very impulsive move up from the corona lows, and were now experiencing the correction that everyone knew was coming. now that everyone 'knows' were in hot water and is wondering how hot it can get panic selling should lead to volatility drying up. we may just get that impulsive move back up from here.
LUNAUSDT | LUNA / USDT | Elliott Wave PatternWe might have here a perfect example of Elliott Wave Pattern.
It offers us 2 positions.
Firstly, a Short Position in order to take advantage of the corrective Wave D.
Secondly, a Long Position that might offers us some profit as well.
Nothing is sure; however, the Elliott Wave Pattern seems appear in this chart.
GOLD (XAUUSD) | The best places to buy and sell gold🔥Hello traders, Gold in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to previous analyzes, gold has started its upward trend.
This uptrend is related to wave 3, in this wave 3 waves 1 and 2 are completed and now we are inside wave 3 which is approaching the target 1.618 which after reacting we expect Fibonacci 0.50 movement And then start its own upward trend.
If the price breaks the black channel ceiling completely and then breaks the specified area, you should be careful about the buying position.
Note: In the event of a complete breakout of Fibo 1.618, wave 3 is extended.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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DXY (Dollar Index) | Small correction♻️Hello traders, The dollar index has been released in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
In previous analyzes, I said that this wave-C is from wave 4.
And now we are inside the C wave, the C wave is probably completing its waves 1 and 2 and wave 3 is forming, which has reached close to Fibonacci 1.618 and after reacting to the pink channel and forming a microwave, wave 3 will complete itself and Then start wave 4 correction.
If Fibo 1.618 breaks completely, in this case, wave 3 is a wave extending and breaking the bottom of the channel.
If the price reacts to the channel ceiling, wave 4 is completed and wave 5 begins.
In case of complete failure of Fibo 0.50, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
BTCUSD watch for sellHi traders, bitcoin is showing some sign for reversal. As you see price made breakout and is now making correction back to trendline, we are having ABC corrective wave in that correction so price can drop soon. So we are having few confirmations, higher tf is loosing momentum and needs to made pullback to gain strength. And price made breakout and is now trying to retest it. So i think that price can drop to around 44-42.000 area. We might see tap on 0.786. Stay patient and watch what price will do. Good luck!
GOLD watch for short term buyHi traders, as you see price is forming bullish flag on 30min time frame. This price action looks like its finnished so we can expect price to push higher soon. Im hoping so see price tap 0.786 which is around 1815, where I will be looking to open buy. My target will be around 1835-1836 at trendline where we also have -0.27. Anyway i will be looking what price will do around that trendline, it may also push higher to form bigger correction on higher timeframe. Stay patient and good luck!
USDJPY watch for sellHi traders, usdjpy is forming bear flag for continuation to the downside toward demand zone. ( check below daily chart). JPY index is showing nice possibility to reverse to the upside and DXY is still showing bearish control over price, i think that dolar will break lower its just making pullback and correction. So keep an eye on usdjpy becouse its showing nice possibility for big wave to the downside. Stay patient!
BITCOIN short term buyHi traders, as you see btc is moving inside ascending channel, and price is now forming possible bull flag, so i expect that price will push to the upside and make new high around 50.000, then i think price will push lower to that trendline of channel around 42.000. Price action could be done so price might push higher anytime soon. Stay patient and watch what price will do. Good luck!
GOLD bull flag Hi traders, i changed my view on gold, since price rejected and made nice bullish impulse. Price is giving us bullish price action as a flag formation, so we need to wait and watch it to complete it self with breaking below previus low which is 1832, so i expect price to push lower to around 1830 or bit lower, if price action will complete i think we can see nice ride to the upside to around 1910. Stay patient and wait for pullback to complete that pattern.
EURUSD analysis watch for buysHi traders, Eurusd is moving inside descending channel, price made nice buy impulse and is now making 1h correction which can be done. We expect nice wave to the downside on DXY and that should push EU up to break previus high 1.23500. Watch for strong breakout of that correction. Be carefull around channel trendline becouse price can drop again, but i want to see strong break of that trendline as well. Stay patient and watch the price!