MDB - 3rd wave WIPMDB is strong today despite the SPY pullback.
Strongest leg up, 3rd wave is in progress.
Once it breaks 450, can see 500 quick.
Target #1 450
Target #2 500
Target #3 560, after a pullback
Elliotwaveanalysis
$HNT Elliot Wave Bullish Impulse *Breakout Incoming*Hide your wife. Hide your kids.
FWB:HNT is coming.
Now's the time to bet the house 🚀
SHIBUSDT | 1-2-3 Wave projection - Pullback Position +75%A possible pullback for a long position at the key falling wedge breakout the price also now at the key weekly support EMA50W with bullish pinbar.
If successfully takes out the previous high at fibonacci 100% extension, the next target 1-2-3 pattern at 161.8% and 261.8% level +75% and +130%+
weekly MACD: doubled bullish divergence at the pivot point, golden crossed and above baseline supporting the uptrend continuation when retesting the baseline.
SOLUSDT| Potential ABC Correction Wave Wave Analysis - weekly timeframe with a possible ABC correction wave
> Target: Fibonacci retracement 61.8 - 78.6% +30% upside
> Entry: TFD Falling downtrend channel breakout
Key support: WMA20W - target correction zone
Indicator: RSI Week - overbought but still no signs of divergence
US treausires are showing bullish patternTreasuries are trying to recover after making some nice and deep pullback in last few months as FED decided to wait on more economic data before they may finally cut rates. The pattern on 10 year US notes is looking bullish here after that impulse up since Novemeber, seen as wave (A), so obviously this tells us in which direction market can move after a retracement. Probably up! Well, this retracement in three waves is already visible on the charts below, so speculators can be positioned for more upside into wave (C) in months ahead, especially if FED is really going to cut rates this year, and if maybe NFP data finally disappoints this Friday. In such case, I think metals can explode, while the dollar sells off. Speculation for BOJ rate change in March and possibly"hawkish" ECB tomorrow (compared to FED) can help the dollar to be sold IMO. The only concern is risk-off, but bearish dollar/ bullish stocks correlation hasn't been there for a while anyway.
Hope you love the analysis.
GH
Dogwifcoin is GOING to CRASH DOWNAccording to my analysis, this coin is likely to fall by around 70 to 80 percent, my reasons...
1st; It has just been listed on binance.
2nd; It is creating a very long wave, like Elliot's third wave.
3rd; The market is in euphoria, and everyone wants to become a millionaire, that creates an institutional psychological sale to create subsequent support.
I may be wrong, but I will buy below 0.62, and you should...
2% of your account is an excellent risk.
JB.-
Bullish short GDXD :DLet go! It looks like we are soft landing and the gold and silver bugs are gonna feel it.
US30 BEARISH IDEA This is just another sell idea ( yellow arrow ) following our entry ( previous post ) which is risk free and running at around 175 pips !!
Technical remains a strong bearish view --> expecting a break of structure very soon
Main target is the ( 4H ) demand zone !
Trade only during N-Y session and only if price is in the rectangle
KEEP FOLLOWING IF YOU WOULD LIKE MORE PRECISION TRADES ( 1 : 7 ) - ( 1 : 10 ) !!
COTIUSDTA good setup with a high probability of success..
It seems that wave 4 is being completed.
It is an excellent range for buying spots
BITCOIN - Time for next leg ?A potential for starting next fractal which would be a wave 3 of 3. It is more often than not a very strong move in this part of the Elliott wave structure. The equality level points close to 36300 while the larger 3=1 is around 49000.
NIFTY ELLIOT WAVE TRADE SET UP Hello friends, as per Nifty Elliot wave theory nifty is near its buy zone near 21800 - 21900 its good opportunity to buy if nifty come this levels....
XAUUSD Weekly TF Elliot Wave analysis and potential setup
Hello fellow traders,
I'd like to share an Elliott wave analysis I've conducted on the weekly timeframe, focusing on a potential trading opportunity with a target of 2190. Currently, we find ourselves at the completion of Wave 4, which is projected to be within the range of 1986-1980. Let's break down the analysis further:
Wave 1: We observed a bullish move from 1810 to 2009, indicating the initial upward momentum.
Wave 2: Following Wave 1, there was a corrective wave down to 1931, suggesting a temporary retracement in the trend.
Wave 3: The bullish trend resumed with Wave 3, pushing the price from 1931 to 2148, demonstrating strong upward momentum.
Wave 4: Presently, we are in the completion phase of Wave 4, anticipated to be within the range of 1986-1980. It's crucial to exercise patience and wait for the setup to fully materialize before considering entry points.
Wave 5: Looking ahead, once Wave 4 concludes, we anticipate a continuation of the bullish trend with Wave 5, projected to move from 1986-1980 to our target level of 2190.
Additionally, I've calculated the target using the Fibonacci retracement tool, specifically incorporating the levels of Wave 1 and Wave 3, which aligns with the 61.8% Fibonacci retracement level.
As always, it's essential to combine technical analysis with risk management strategies to navigate the forex market successfully. Keep a close eye on price action and market developments to validate the forecasted Elliott wave pattern.
Happy trading!
TREE - 300% up; Dip here would give us entry for 200%TREE was up huge from bottom, almost up 300%.
A dip here would give us entry around low 20s
Long around 22-24
Stop loss - 18
Target #1 - 50
Target #2 - 60
Target #3 - 80, after a pullback.
Navigating Gold's Impending Impulse Wave - Sell on Dips!This comprehensive Elliott Wave analysis delves into the intricacies of gold's recent movements, pinpointing a critical juncture for traders. Examining the chart from December onwards reveals a compelling narrative: gold appears poised to conclude its correction wave 2, heralding the imminent onset of an impulse wave. Targeting the 2100-2106 zone, this analysis suggests opportune moments for entry with a target set around the 1700 level. Short-term objectives around the 1943 mark offer additional trading opportunities. With meticulous chart analysis and strategic insights, this publication aims to equip traders with actionable intelligence in navigating the gold market's dynamics.
Gold - Elliot's Wave Analysis - March 2024 - Short, then LongThis post will go over 3 wave degrees for $OANDA:XAUUSD.
Primary (4h)
Intermediate (1h)
Minor (30 mins)
Primary Degree:
Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where:
The diagonal trendline links the high of 2148 till the high of March 1st 2024 at 2088.36.
The horizontal trendline linking the high of December 2023 at 2088.58 and the high of march 1st at 2088.38.
Intermediate Degree:
The wave 1 of the primary degree was a zigzag forming an A,B,C. I tried fitting an impulse sequence but an A,B,C respected the rules and guidelines more than a 5 wave did.
Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th. These can all be seen on the Minor degree (see last section of post).
Minor Degree:
As mentioned in my previous post, The wave 1 of the primary degree was a zigzag forming an A,B,C. Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th.
When breaking down wave A, we can establish a clear 5 wave sequence where wave 4 is an expanding triangle leading to a last push (wave 5). The expanding triangle can be seen as A,B,C,D,E and all respect the rules and guidelines of the wave principle.
Wave B and wave C form a 5 wave impulse where Wave B is a flat and a double correction on the smaller degree, hence why the markings of W, X, Y. The end of the flat (Wave B) is also the end of Wave 2. Wave C, on the smaller degree (Minute, 15 min) forms a 5 wave sequence. This can be seen from the end of Wave 2 and the start of Wave 3 on the Minor degree. The Minor degree's 5th wave is extended, rejecting the high, ending the current Minor 5th wave and Intermediate C wave. the image below should allow for clear visualization.
When placing the Fibonacci retracement on the wave 1 of the Primary degree, the most likely retracement point is between, the now support of the monthly trend line going back to 2080 in Dec 2023 till it's break on feb 29th at 2048, and the 0.618 fibonacci level at around 2048.9. The Fibonacci retracement levels can be seen on the second image below this text.
In conclusion, the most likely outcome is for a 5 wave sequence on the Intermediate degree and Minor degree to be our Primary degree Wave 2.
I have placed a short till 2043.95 due to the possibility of the retracement to reject the diagonal trendline a bit below the 0.618 level. I will then Long the 3rd wave till the current ATH, if this 3rd is extended, the next target should be at the most, 2190. Otherwise we will see wave 5 reach near this level on the Primary degree.
XAU/USD - Elliot's Wave Analysis - March 2024 - Short, then LongThis post will go over 3 wave degrees for $OANDA:XAUUSD.
Primary (4h)
Intermediate (1h)
Minor (30 mins)
Primary Degree:
Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where:
The diagonal trendline links the high of 2148 till the high of March 1st 2024 at 2088.36.
The horizontal trendline linking the high of December 2023 at 2088.58 and the high of march 1st at 2088.38.
Intermediate Degree:
The wave 1 of the primary degree was a zigzag forming an A,B,C. I tried fitting an impulse sequence but an A,B,C respected the rules and guidelines more than a 5 wave did.
Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th. These can all be seen on the Minor degree (see last section of post).
Minor Degree:
As mentioned in my previous post, The wave 1 of the primary degree was a zigzag forming an A,B,C. Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th.
When breaking down wave A, we can establish a clear 5 wave sequence where wave 4 is an expanding triangle leading to a last push (wave 5). The expanding triangle can be seen as A,B,C,D,E and all respect the rules and guidelines of the wave principle.
Wave B and wave C form a 5 wave impulse where Wave B is a flat and a double correction on the smaller degree, hence why the markings of W, X, Y. The end of the flat (Wave B) is also the end of Wave 2. Wave C, on the smaller degree (Minute, 15 min) forms a 5 wave sequence. This can be seen from the end of Wave 2 and the start of Wave 3 on the Minor degree. The Minor degree's 5th wave is extended, rejecting the high, ending the current Minor 5th wave and Intermediate C wave. the image below should allow for clear visualization.
When placing the Fibonacci retracement on the wave 1 of the Primary degree, the most likely retracement point is between, the now support of the monthly trend line going back to 2080 in Dec 2023 till it's break on feb 29th at 2048, and the 0.618 fibonacci level at around 2048.9. The Fibonacci retracement levels can be seen on the second image below this text.
In conclusion, the most likely outcome is for a 5 wave sequence on the Intermediate degree and Minor degree to be our Primary degree Wave 2.
I have placed a short till 2043.95 due to the possibility of the retracement to reject the diagonal trendline a bit below the 0.618 level. I will then Long the 3rd wave till the current ATH, if this 3rd is extended, the next target should be at the most, 2190. Otherwise we will see wave 5 reach near this level on the Primary degree.
GOLD, will we see 1920 in wave 2 [UPDATE]Welcome back everyone!
Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here.
The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC correction in wave two. A move down in a wave C from here could develop in a large wave C correction with the main target at 1920. As this is a huge move I don't want to miss this and will observe the upcoming price development. I will update this analysis regularly, so feel free to follow my TV channel.
Important support zones
2042 - 2053
2009 - 2019
1970 - 1980
1908 - 1938
BTC 10-year rough estimate EW & FibAnything's possible when you're working with a finite asset in a world where:
Inflation is constantly rising and multiple fiat currencies continue to fail.
New sources for rare earth elements and precious metals are constantly being discovered.
The overall output of society continues to rise.
This is a (very) rough estimate based on Elliot Wave Principle and Fibonacci (price & time) retracements/extensions.
AI - pumping up again AI can see 50 soon. This is purely short squeeze driven stock.
Buy in lows.. Sell when it rips.
Long anywhere between high 20s - low 30s
Stop loss 25
Target #1 - 40
Target #2 - 50
AEHR - Small swing trade - Probably 30-40% upside from hereAEHR got hammered and down 70% from 50's.
Noticed small uptick in volume and up 10% today.
It's sitting on a huge volume shelf here, added a starter position around 16's.
Trading small for now as this is a counter trend trade, we'll see heavy resistance as we move up.
Long - 16-17's
Stop loss - 14
Target #1 - 22 (30%)
Target #2 - 24 (40%) - Huge volume shelf
High Options Open Interest for 17.5 & 20 strikes.
A push above 17.5 can easily push it to 20+
And this may base a while until it clears the massive volume shelf above.
Will revisit this after it clears 22-24
Bitcoin Extends as Forecasted PreviouslyIn my last update on February 15th , I stated...
"Bitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now showing we're on the verge of breaking out...again."
MACD did breakout and thus revealing the strongest portion of this advance had not happened as previously thought. We are now topping in a wave 3 which should provide a wave 4 retrace of sorts. For this trend to end, we look for one more high in a 5 wave pattern, that is completed on negative divergence.
ZS - Base and raceZS gapped down on earnings and filling the gap now.
Technically it can complete the Corrective ABC wave here and base above 180-200 .
If the broader market turns bearish, the Corrective ABC wave can turn into bearish Impulsive wave.
Long between 180-200
Stop loss 170
Target#1 - 260
Target#2 - 320, after a pullback
Target #3 - 380, after a pullback
Bitcoin analysis of MR Trollist the chart is self-explanatory, the first wave is composed of a 5 wave and its wave 5 is exactly a length of 0.618* its wave 1 which clears many doubts and clears the vision.
also wave 3 of 3 is exactly at the time fib of 4.236 of its wave 1.
also wave 3 is near fib levels drawn from wave1 both on the log scale and arithmetic
wave 5 might break ATH and might not
my high-probability trades are for charts that have lots of previous data but Bitcoin is a monster
my personal opinion is that wave 4 will be a life-changing opportunity but this is not financial advice to put all your money in it and blame me later if it fails. As you can see in my previous trades I can find high-probability trades with a high reward that happens every week so I don't need to risk a lot to make a lot.
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I repeat again, do your own research and don't blame others , Toodle trolls :)
