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Eliottwwave

#AMZN Is This The beginning of Amazon?- AMZN looking like an amzing falling wedge, I believe its done with its long abcde correction, as well bounced looking to be bouncing off the trendline here soon witht he fibs. - Not a strong confirmation as ER is around the corner and it can actually be the reason why it can actually can drop hard instead of following this bullish wave count. - ER should determine the direction of Amazon. - I am not too confident on this one i would like to as FAANG is looking extremely weak
NASDAQ:AMZNLong
by Raulf-m
2
GBPUSD short term buy, and inverted H&S at supply zone Hi traders, gbpusd made a pullback up, so i expect it now to make some correction before price will push higher to 1.37000 area to retest our supply zone and complete possible inverted H&S formation there. So short term buy is expected. If there wont be any correction I wont be taking any buys, and will focus on that sell from 1.37000 area. Take a look at 4h macd and rsi when price was pushing towards supply zone, it was at overbought area and losing momentum, so i expect same thing when price will retest supply zone and complete H&S. Be patient
Long
by KosirFX
2
DOW JONES US30 analysis / possible daily divergence?Hi traders, im showing you that big runing flat appering on US30 for a long time now. On 1h time frame we are having bullish flag pattern which can be done and will push price higher and complete that 4h wave in that big runing flat. But DOW is already lossing bullish momentum so there is still possibility for price just to drop and correct to confirm that move. We are on interesting spot, but I still believe that we are gonna see one last push to the upside and then price will drop agressive. I think that there is also daily divergence on macd, so that can move price realy agressive. Be patient and good luck!
OANDA:US30USDShort
by KosirFX
2
What to expect on BitcoinHi traders, price is confirming that possible move to the downside once again with 1h price action in the making and possible bearish running flat there, but if price will break previus high in that correction we will probably see expended flat and retest of upper trendline (i will show below price action and explain). Price is lossing bullish momentum, so retrace to our 27.000 area and daily trendline is realy possible. I will consider that wave to the downside as C wave of big daily bullish flag, and after this big daily pattern will be complete we will se price pushing higher. Check below i will update about price action on 1h. Stay patient
BITSTAMP:BTCUSDShort
by KosirFX
2
BITCOIN analysis and forecast (update)Hi traders, we were talking about possibility for BTC to push lower and make some correction in order to gain some strenght for continuation. Right now we are having 4h bearish flag which can push price lower (will post analysis below). I see retrace to trendline and fib 0.618 ( i will only consider that possible drop coming as C wave for buy) Becouse as you see we already have A wave and B in the making, so we need C wave to complete some king a correction. Check below 4h analysis which indicate that price can push lower soon.
BITSTAMP:BTCUSDShort
by KosirFX
5
Bitcoin forecast and analysis, what to expect?Hi traders, Bitcoin droped in last couple of days from +41.000, to around 32.000 which indicate strong rejection for me. Can we see price on bitcoin to continue to the downside? I see possibility for Bitcoin price to push lower and retest trend line around 28.000, but if price wont stop there it can go even lower to around 22.000. Anways my longterm target for BTC is way higher that last all time high around 41.000. But price just cant go like this straight up it needs to make correction in order to gain some strength to push higher then. I read some news about Bitfinex having problems and beeing investigate for their bussines with Tether, so that might shake crypto world for atlest short term time. Watch on lower time frame for possible correction and spots to enter sells. Dont sell it without having price action, its too risky! Good luck
BITSTAMP:BTCUSDShort
by KosirFX
3