DXY Short: Completion of Corrective StructureFrom the chart, you can see that I've closed the corrective wave structure W-X-Y-X-Z within 2 trendlines. Now that we are at the top trendline, it is time for turning point.
Elliott Wave
BOUNCE FOLLOWED BY LOWER PRICES FORECASTEDWhile the higher degree long-term outlook for this dividend giant is bullish, the short-term outlook is not likely to bring new all-time highs. Earlier this year we anticipated new all-time highs, but that changed when KO hit it’s 63.18 low last week. What changed the forecast was the technicals surrounding that low. While the price action is currently cooked to the downside, there are no clear indications of a reversal, with the weekly RSI indicating more room to the downside, and the MACD supporting that theory. This tells us to turn to the most telling indicator, which is volume, which indicates there is still strength to the downside. That said, we know the market does not move in straight lines and a strong bounce off the 63.18 low is likely. We currently forecast that bounce to target the round number zone of 70, forming a B-Wave rejection of higher prices, that will be followed by a C-wave, which will likely target the weekly point of control around 60. With that in mind, C-waves can truncate their targets, especially when the ticket involved is a popular long-term dividend target like KO, and we are talking about a long-term low that will create a significant buying opportunity. That said, if you can deal with the near-term volatility, the 63 zone may not be a bad entry zone.
NATGAS_GAS_4H_Buyhello
Analysis of natural gas in the medium term based on Elliott waves
The market is in an upward trend in the form of 5 waves, which can now move towards the 5th wave target of 3.333 by maintaining the high price of 3.000.
SHOP 100SHOP needs a pullback here for a confident long rather than chasing it.
Expecting this would be the probable path for this run.
There is gap below, it can be filled or can act as support.
Target 1 - 90
Target 2 -100
Stop loss 55
Bitcoin 100 to 120kIts been awhile since my last video, but I couldn't help but post since its all time highs.
Just looking at this wave taken from the low in August, I am targeting 100-120k
Right now I think we are in a sub 3 wave and don't expect under 80k. It has been moving fast since November 4th and don't expect a long time holding in this sub wave 4 correction.
Possible a larger degree wave 3 ~94-100k that is a needed correction to break through 100k.
Want it to hold the 73-75k at this point. Will try to do an update on what I'm expecting for a correction after this move progresses further.
Let me know if you want to see other coins or have any questions. I'm trading ETH, ADA , DOGE atm
ETH Elliott Wave Counts - Short term bearish till 3100/3000COINBASE:ETHUSD has moved down from today's all all time in clean wave structure. Wave A or 1 down is complete and is followed by wave B or 2. This corrective wave is in progress and once done, wave C or 3 down may unfold which should go below 3100 as per wave A/1 equality as long as wave B/2 high of 3317.45 holds.
BTC is making near term top at high around 90k?COINBASE:BTCUSD seem to have made a near term top around 90K because we can see a 5 wave decline from that high in hourly chart. If this decline remains 5 wave (or 9/13) followed by a corrective pullback then we can expect a much deeper decline next.
COINBASE:ETHUSD seem to have already completed 5 wave down followed by a pullback and seem to be in wave 3 down now. I was expecting #ETH to follow the lead of #BTC but looks like in this case, #ETH is running ahead.
GBPNZD_1D_Buyhello
Analysis of the currency pair of the British pound against the New Zealand dollar
in the daily and medium-term time frames
The market is correctional in wave 4 and only by maintaining the ascending trend line and maintaining the ascending channel and the static number of 2.14800, it can move up for the target of wave 5 to the numbers 2.19236 and 2.20370.
Bitcoin Analysis==>>Where is the End of the Rally!?Bitcoin ( BINANCE:BTCUSDT ) was able to start a new rally after breaking the upper line of Descending Broadening Wedge Pattern .
Bitcoin is moving near the Potential Reversal Zone(PRZ) , the Resistance lines , the middle line of Pitchfork , and the Time Reversal Zone(TRZ) .
According to the Elliott wave theory , Bitcoin is near to completing the Main wave 5 in PRZ .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI Indicators .
I expect Bitcoin will decrease after touching the Resistance lines to fill the important CME Gap($77,360-$80,670) .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️==Low possible.
What is your idea of Bitcoin being able to touch $100,000 during the current week❗️❓
Bitcoin Analyze (BTCUSDT), Weekly time frame⏰.
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BTC Wave 3The pump on BTC from the last week has been labeled as green V of blue 3.
We should probably see a correction very soon, for blue 4, which is a new opportunity for long trades.
Current prices simply don't give us a good risk reward ratio, unless you're thinking in the very long term.
Will TSLA Break Out and Reach $382?Disclaimer: This analysis is not a buy recommendation, nor a guarantee that the price will reach the mentioned targets. The goal is to share a technical perspective to provide useful information for traders and investors. In technical analysis, there are no absolute certainties, only scenarios based on historical patterns.
The weekly chart of NASDAQ:TSLA is currently in a period of indecision, which could evolve into a new uptrend, possibly forming wave 3 of an upward movement. Entering after the confirmation of this trend would follow a classic technical analysis approach, as mentioned by John Murphy in the first chapter of Technical Analysis of the Financial Markets (page 4):
"The primary goal of analyzing market price action through charts is to identify trends in their early stages for the purpose of trading in the direction of those trends."
Target Projection for Wave 3
If the uptrend is confirmed, Murphy also describes a way to calculate the minimum target for wave 3 (chapter 13, page 345):
"A minimum target for the top of wave 3 can be obtained by multiplying the length of wave 1 by 1.618 and adding that total to the bottom of wave 2."
Applying this to the TSLA chart, the estimated target for wave 3 would be around $382.00 .
Possible Weaker Trend?
A factor that could reduce the expectation of reaching this target is also described by Murphy (chapter 13, page 346):
"In a weaker trend, the maximum percentage retracement is usually 62%."
The amplitude of wave 2 in TSLA shows a retracement between 66% and 78.6% , suggesting a possible weaker trend, which could decrease the probability of reaching the 1.618 target for wave 3.
What do you think? Do you believe TSLA will develop an uptrend? If so, what could contribute to reaching the 1.618 target? Or does the retracement of wave 2 suggest a weaker trend? Share your thoughts in the comments, and let’s discuss the possible directions for TSLA’s price!
Hang Seng Index Short: BreakdownJust hours ago, I published a super bullish case for China and HK market that I quickly updated to be closed out due to stop. Now with the breakdown, the Hang Seng Index has turned super bearish. It's not what I want to see, but it is what it is.
Alikze »» FIL | Complementary scenario of correction wave 2🔍 Technical analysis: Complementary scenario of wave 2 of super cycle
- In the analysis presented in the previous post, after reaching the range of 6.25 in a short-term ascending channel, a bearish reversal candle was encountered.
- According to the structure of this correction in the form of a 5-wave zigzag, it can be a correction in the form of a 2-wave correction of the entire previous upward wave.
- Therefore, if this wave ends in the green box area and meets the demand, we should wait for a return cycle to the red box area (supply area).
- If this reversal can break the zone after a short correction in the form of wave 3 ascending super cycle and stabilize above the zone, we will have the scenario of wave 3 ascending super cycle, which further updates will be provided subsequently.
⚠️ In addition, if this amendment enters the range of invalid level, this scenario will be invalidated and should be reviewed and revised and the scenario of the second behavioral movement should be replaced.
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Elliott Wave View Expects NVDA (Nvidia)To Extend HigherShort Term Elliott Wave View in NVDA (Nvidia) suggests further upside in daily bullish sequence. It is trading in bullish weekly sequence at all time high and expect continuation against August-2024 low. In 4-Hour, it placed (1) at $131.26 high and (2) correction at $100.95 low. Above there, it favors upside in (3) of impulse sequence. It placed 1 of (3) at $120.79 high, 2 at $112.78 low, 3 at $144.50 high and 4 at $132.11 low. Currently, it favors upside in 5 of (3) from 31-October low and expect one more push higher to finish it, while dips remain above $143.57 low.
Above $132.11 low, it placed ((i)) of 5 at $139.99 high, ((ii)) at $135.35 low, ((iii)) at $149.95 high and ((iv)) at 143.57 low as double correction. Within ((iv)), it placed (w) at $146.26 low, (x) at $148.85 high and (y) as ((iv)) ended at $143.57 low. Above ((iv)) low, it favors pullback in (ii), while placed (i) at $146.49 high and expect continuation in ((v)), which confirm above $149.95 high. It expects ((v)) to extend towards $151.47 – $153.90 area as minimum extension to finish (3) started from 6-September low. Alternatively, if it breaks below $143.57 low, it should extend ((iv)) before resuming higher in ((v)) to finish (3). Later, it should pullback in (4) in 3, 7 or 11 swings sequence and buyers expect to enter again from extreme areas to resume daily bullish sequence. Alternatively, if it extends higher and erase the momentum divergence, then it should turn out to be nest in (3) and see more upside.
AMD - Is it the time? The price action and candle sticks giving some positive vibe here.
Long anywhere here
Target 1 - 160
Target 2 - 185
Target 3 - 200
Stop loss - 132
HSI Long: The Super Bull is hereThere are 3 things to see here:
1. An expanding triangle that is labeled as a corrective wave 2 in triple combination: W-X-Y-X-Z,
2. 2 right angle triangles, one at the top and one at the bottom. The top one is larger than the bottom one. This means that the support at the bottom is stronger than the resistance at the top.
From here, it should be a super bull.
China A50: Super Bull is hereOver here you can see that I've given a super bullish case for China A50/CSI300. I've also fully labeled the down move and subsequent up move. This is a super bullish case for China.
This analysis also goes beyond TA. I've a Douyin account (China equivalent of TikTok) and I can tell you that right now, all the biggest influencers are pushing for a super bull market. Yes, the sentiments there are still "in doubt", but definitely not "doubtFUL". This is in line with Elliott Wave's wave 2 and changing into wave 3.
Gold: Prepare to short or lighten your longsFrom my previous analysis on 1st Oct saying that Gold is taking a break, it did a sideway correction for the next 6 trading sessions before pushing up again. That was a "neutral" call. Now, I see that Gold is reaching wave 3 target of $2801, meaning there should be a meaningful enough wave 4 correction to go short or at least lighten your longs.
There is a convergence of 3 Fibonacci extension levels around $2801, plus completion of 5-wave structure.
Bitcoin next short opportunity: $80,500I've previously tried an idea to short Bitcoin around $76k and it doesn't work out well. Now, what's the next point we can try? Based on Fibonacci extension, the number is $80,500.
OKTA analysis#OKTA looking good on the alltime-chart.
Expecting turnaround in near future.
Short timeframe no clear bottom formation visible yet.
Big picture very clear. Elliott-Waves adding up nicely.
61.8% Fibonacci-Retracement hit perfectly on log-chart.
MSFT Long: Multi-Timeframe Analysis and Elliot Wave InsightMicrosoft is presenting a strong long opportunity, with a setup confirmed across multiple timeframes: the 2-day, 4-hour, and weekly charts.
Trend Positioning: MSFT is trending upward, with current price action situated near the lower boundary of its ascending channel (highlighted by green trendlines). This area also aligns with key moving averages (7, 20, 50, and 100-day MAs), adding strong confluence at this support zone.
Elliott Wave Perspective: The weekly chart suggests that Microsoft is in a corrective Wave 4 within a larger upward trend. This Wave 4 correction has respected common Fibonacci retracement levels (38.2% and 50%) and appears set to complete, potentially paving the way for a Wave 5 move toward new highs.
Hard Invalidation: If price falls below ~366 (lower orange horizonal line on 2-day), the Elliott Wave structure would be invalidated, signaling a break in the uptrend.
Intermediate Support: A drop below 385-389 range would reduce confidence in this path, although it wouldn’t fully invalidate it.
Trade Targets:
Primary Price Target: ~468, representing approximately an 11% gain (Risk-Reward Ratio: 3.5 based on current price).
Secondary Price Target: >520, representing a ~25% gain (Risk-Reward Ratio: ~7.0). This target aligns with the upper boundary of the rising channel.
Estimated Timeline:
Given that the primary analysis is based on the 2-day chart, this move is expected to unfold over the next 3-4 months.
Risk Management:
Stop Loss: Suggested stop loss is within the 399.95 - 405.33 range, beneath key support on 4 hour. For those with large risk appetite, can set it for the identified bearish turn point int he 385-389 range.
#MARA 4h Elliott-Wave AnalysisMARA chart showing some very complex Elliott-Wave structures.
Not easy to count, but in combination with the RSI, the structure is very clear.
Beautiful chart in my eyes!
The move to the upside, labeled here as the blue Wave (b) with the pink (wxy) substructure, initially appears to be a 5-wave impulsive move. However, upon closer inspection, and aligning the chart pattern with the RSI, it becomes clear that this is a (wxy) corrective structure rather than an impulse.
Insight Enterprises, Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Sell
