Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Impulsive price action add credence that wave (3) of ((3)) unfolds with possible target 1.618 fib extension. We used log scale on this count!
price made all time high at 2222 since then it is coming down on 15min chart 5 impulsive wave are complete now price making sideway correction on Monday static support 2150 (then 2130 small one) next big support near 2088 from h4 chart
Below 0.1777 we are looking to the downside to complete wave (2) of wave ((3)). Possible target for the correction into the previous 4th wave of wave (1) of wave ((3)), approx. 0.1176 where we have also 0.618 fib retracement. Invalidation below 0.0823.
Bitcoin's recent performance has been nothing short of impressive, with the cryptocurrency reaching a new All-Time High (ATH) of $73,777 over the past week. However, as it encounters a significant zone of supply between $66,401 and $69,000, the current price action suggests a formidable challenge ahead. Despite multiple attempts, Bitcoin has struggled to breach...
I believe we will retest the Value Area High which aligns well with the fib 1 extension of Wave C pullback, before resuming higher. The upside move could be absolutely insane.
Watching for evidences for a deep retracement as 5 waves up ended 22.90. Link may start a deep retracement wave 2. RSI divergence may signal wave 5 finished 22.90. Possible target 0.382 fib retracement for wave 2 where we have also wave 4 retracement. If you want to see more and future updates follow me!
Below 760.3 we are looking to the downside for a deep correction wave 2
Above 8.05 we are looking to the upside for the wave (3) of ((3))
Cardano may have been finished 5 waves to the upside as the price hit 2.618 fib extension for wave (1) of bigger degree wave ((5)). Below 0.7650 we are looking to the downside to complete a 3 waves structure, wave 2. On this count we used log scale!
Above 0.57564288 we are looking to the upside to complete wave ((3)) of wave 3 with possible target 1.36 USD zone (1.618 fib extension) of the wave ((1)) of 3. We used log scale on this count!
Five waves to the upside may have been finished for Sushi. Bellow 1.8757 we are expecting a pullback to complete wave 2 or B.
Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway. Wave (ii) may have ended at 2917.14, if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii). We can keep the focus up against 24750 in a still-extending wave (iii) of 3,looking for...
VSCO seems like bottomed out around 14 and up 100%+ from there already. Either can start building long position here Or Wait for a pull back or trend-line break and hold. Either way, Target 1 : 40 and Target 2 : 50
The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market). This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks. More EW of this pair in different time periods to be published shortly.
It is important to remember that Elliott Wave theory is interpretive, and different analysts and traders may have different perspectives regarding certain rules and variations. I will post if there's a new update on my perspective. Trade safe, Everyone!
Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave 3 upper is underway above 6.510 with possible target 1.618 fib extension. Future updates will be posted as updates to this count. Daily intraday updates on 1H and 4H time frame, don`t miss them!! Good luck!
ENDING DIAGONAL : ELLIOTT WAVE ( ELLIOTT BABA) Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should...