Elliottwaveforecasts
AUDUSD WAVE AND PATTERN ANALYSIS TRENDThis post is just a personal idea and analysis should not be the criterion for buying or selling
It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run.
It may form in the same diametric microwave
The range I consider for the target is 0.47780
In the rectangles on the chart, the patterns formed in the past in microwaves are labeled in different time cycles and can be used for teaching and learning.
On the chart, I tried to segment as much as possible the educational tips related to the classic Elliott and Elliott in neowave style in the rectangles I drew and the formation patterns in different time cycles. I hope my efforts will be useful for educational materials.
My prediction is that the price will reach this level in the next 4 to 5 years
LTC/BTC showing the path for Litecion?After further analysing the BTC pair of this altcoin, I found out that it loves to tag the golden pocket before turning lower.
Putting this knowledge to practice - we can trade LTC while looking at the LTC/BTC pair, as well as BTC, to time our entries perfectly.
GBPUSD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPUSD currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, Wave (2) has completed and Wave (3) is in progress. The price has just breached the low of Wave (1) and pulled back for a re-test.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 5 (red vertical line), and is projected to form a bottom on May 16th.
Based on this, we can expect prices to begin to accelerate lower. The typical target for Wave (3) is a 161% Fib projection of Wave (1), which should push price down near the 1.2775 level.
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VALE: Uber Bullish setup for 2022, 40+Vale has a very bullish 1-2, 1-2 set up right now. This stock should reach at least the $40 level by Q4 2022 or Q1 2023 because that is where the 1.382 - 1.618 fibonacci extensions project to, which are the standard targets for a W-3. This count matches up well with the broader economic themes for 2022 of inflation, a weakening dollar, and increased investment in emerging markets. I have a large position in Vale.