From an Elliott Wave perspective, it looks like more downside is probable on the USDCAD. We have two have count possibilities (white and red numbering) and both point to another leg lower that should take prices below the previous low of 1.3436. We could go short at the market with a stop above 1.3630 for a great R:R.
Above 4.430 we are looking to the upside for wave (v).
This count is based on my assumptions so anything can happen not a trading or financial advice.
Above 6.81 and clearing 8.95 we are looking to the upside for wave iii targeting 1.618 fin projection, above 14 USD
Above 0.4319 we are looking to the upside for wave (iii) targeting 1.618 fib projection of wave (i), above 0.87 USD.
A complex correction ended at 7.864, wave ((ii)) into 0.618 fib retracement of wave ((i)) and wave (y) 123,6 % of wave (w). Above 9.934 we are looking to the upside for wave (i) of wave ((iii)). Possible target 19-20 USD. Watch my related idea.
THERE'S A CHANCE BITCOIN MAY GO TO $43000. We hit my nominal target of $56000 three times now during this larger time frame correction, which started at the ATH in March. It SEEMINGLY looks like we got the 'final' bounce off the 50% retracement fib @ $49000. HOWEVER, I don't like the way she's just hanging out mid-air between trend lines. This typically gives me...
After red days a glamp of hope with Elliott wave! We are watching for evidences wave ((iv)) ended into support levels 0.382 - 0.5 fib retracements of wave ((iii)). The bull market will emerge soon!!
Updated the count with wave ((iii)) ended at 73805.27 and wave ((iv)) a flat correction. Wave (c) an expanding leading diagonal. Holding 53542.23 and clearing 63750.62 we are looking to the upside for wave ((v)). Intraday updates soon!
I know this seems impossible. I have tried so many scenarios, dissected patterns to several degree combined with other methods until I finally chose this scenario for XAUUSD. Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone!
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bullish Details: Wave 2-grey has just bottomed at the low of 14.10, wave 3-grey is opening, to push higher. Invalidation point: 14.10
AUSTRALIAN STOCK: REA.ASX - 09 JULY, 2024 © Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bullish Wave (iii)-orange appears to be unfolding to push higher, while price must stay above 189.80 to sustain this outlook. Invalidation point: 189.80
Litecoin bullish sequence in 5 waves, wave ((i)) started from 40.29 low to 115.05 high favors more upside. Wave ((ii)) pullback ended 55.00 low. Leading diagonal started from 55.00 low to 113.00 high for wave (i) of ((iii)) followed by a pullback started from 113.00 high to 67.28 low, a complex correction for wave (ii). Above 67.28 we are looking to the upside for...
#Indiacement going long breakout of diagonal pattern
Above 65094 and clearing 70028 we are looking to the upside for wave (iii) of ((v)). Update with targets soon! See also my related idea! Hit the like button if you like my analysis and follow me for future updates! Good luck!
Cardano may find support into 0.618 fib retracement of wave ((1)) ending a complex correction started from 0.8104. Price must clear 0.49 level before we may declare an end of the correction at 0.3575. Also oscillators are showing bullish divergence that may signal a potential shift of the trend.
After hitting 1.618 fib extension of wave ((i)) below 721.8 we are looking to the downside for wave ((iv)). Possible target 0.236 fib retracement of wave ((iii)) in the span of previous wave (iv). We are not excluding one more leg up above 721.8.
Arbitrum sitting on 0.618 fib retracement of wave ((i)) or ((a)) and support of previous low from 0.7390. Wave ((ii)) or ((b)) an expanded flat correction with wave (c) a 5 waves decline from 2.4250 to 0.7333 that broke below previous low 0.7390. At this level we are watching for evidences for a possible shift to the upside as oscillators are showing bullish...