ETHUSD update - 19/05/2022downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 3600 is A B C for wave (4).
Elliottwaveforecasts
Bitcoin wave analysisShort setup
Primary: Wave 4, impulse (Down)
Intermediate: Wave C, expanding flat (Down)
Minor: Wave 4, ending contracting diagonal (Up)
Minute: Wave X, double zigzag (Down)
Minuette: Wave W, double zigzag (Down) -> Current trade
Subminuette: Wave y, double zigzag (Down) -> Current trade
Target: between 28.8 and 27.8
SL: 31.5
Good luck!
AAPL update - 18/05/2022downside focus remains, expecting more downside near 118 to complete wave (4), critical level at 179.61
LTCUSD update - 18/05/2022downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 91.65 is WXY for wave ((C)) (Triangle) of IV.
copper update -18/05/2022downside focus remains in wave ((2)), expecting wave (C) of ((2)) to end at 3.77 ( wave (C) = 1.382 * wave (A) ).
Natural-gas update - 18/05/2022expecting more upside for the last top (wave 5 of (5) of ((1))), critical support at 6.43
NASDAQ - LongThe index has most probably completed either the whole or the first phase of a correction. A daily close above 12275/570 is needed to give more credit for a recovery towards 13020 and 13640.Only a daily close above 15115 would eliminate additional losses for now and open the door to new highs.
On the other hand, a daily close below 11015 would revive a downward extension to 10125 and 9580.
We recommend building small long positions at market with a stop loss at 11020.
DJI update -17/05/2022downside focus remains, expecting more downside near 28508 to complete wave ((iii)) (wave ((iii)) = 1.618 * wave ((i))), on the other side the push higher than 33108.89 will let us expect a move to all-time high in a 3-waves to complete wave B of a flat wave (4).
XRPUSD update - 17/05/2022downside focus remains, expecting more downside to complete wave (C) of ((C)).
PALLADIUM update - 17/05/2022wave (2) in it's last stage, expecting wave (2) to end at 1831 (0.786 of wave (1)), critical support at 1543.
Crude oil update - 17/05/2022upside focus remains, expecting more upside near 159 to complete wave (5), critical support at 99.53
Nasdaq update - 12/05/2022expecting more downside to complete wave ((iii)) of A of (4), critical level 15229.01, the reasonable target for wave ((iii)) is 10141.27 (wave ((iii)) = 1.618 * wave ((i))).
Bitcoin update - 12/05/2022expecting more downside to complete wave 3, the alternate scenario if the price holds above 23k is A B C for wave (4).
Platinum update - 12/05/2022wave ((2)) is in play, expecting wave ((2)) to be end at 795 (0.618 of wave (1) and wave (Y) = 0.786 of wave (W)), critical support at 565.43.
XLE update - 12/05/2022upside focus remains in wave (3), expecting more upside near 109.58 (wave (3) = 2.618 * wave (1)).
MSFT: Bears Have Taken Control Over BullsMSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: 289 - 272 - 265 for wave (c).
Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel . As per the wave principle, a new trend can unfold above/below wave B of the previous correction.
RUT update - 28/04/2022upside focus remains, expecting a strong move higher in wave (3), critical support at 0.776
TSLA update - 11/05/2022expecting more downside lower than 666 to complete wave 5 of (A) of ((4)), critical level at 1149.91
SILVER update - 11/05/2022the move lower than 21.433 will confirm that wave ((Y)) is in play, first support level coming at 19.00$, critical level at 26.215.
BTC/USD Triangle in play? variation #2As I've mentioned on my stream, a breakdown below the current wave C low at 32933.33 just invalidates that particular triangle. There is the possibility that another triangle could be printing in that scenario as shown in this chart. Wave C could still be in progress. However, it would need to reverse prior to the wave A support at 28800. Breaking down below that level will invalidate all the triangle scenarios.
This only becomes possible if price breaks down below 32933.33.
