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Elliotwaveprojection

CADJPY:ENERGY CONCERNS BOOSTS CADHigher commodity prices will strengthen the Canadian currency. Oil prices have increased, and Canadian bond yields have risen further. In addition, the Bank of Canada stated that it was prepared to act "more firmly if necessary" to return inflation to its target level. The Bank of Canada has already raised rates by two straight half-points. According to the Ivey Purchasing Managers Index, economic activity in Canada expanded at a higher rate in May. Moreover, Governor of the Bank of Japan (BOJ) Haruhiko Kuroda stated on Wednesday that a rapid yen depreciation in a short period of time is undesirable. Technically, the loony is trading above 102.522 and we expect it to meet resistance at around 106.967 and 109.827
Long
by TradeyMarkets
2
100$ link ? huh ? HEY GUYS link 100$ ? is that possiple yes it's f possiple =============================================== link have a nice wave 1 to the hole way to 60$ and we hace a nice abc zig zag in big wave w and another zig zag up on wave x and we in 5 waves down rn to the end off wave y okay let's do it again wave on start from 1$ t... and we hit 60$ here start wave 2 correection wxy and it will end around 2-7$ and will start a big wave 3 and i expect this to hit 100$ because if this was a real wave 3 so it should be so big be cause watch the lenth off wave 1 wave 3 is bigger so this oculd hit 100$ at lest . and we have a 2 more wave the 4 correction wave and the 5 umpulsive wave i will update them later ========================================= why i think this gonna go up ? 1-elliot waves 2- as we now crypto for the s&P markets the etf etf have one more wave up as btc and it already did a nice zig zag correction so expect it to pump on any momunt 3- us dollar was rising so high and it got a 4 waves we in wave 4 correction rn on us dolla so aftet this finish us dollar will do one more move up that will make crpto dump aftert that us will enter and nice correction for weeks 4- the RSI IS over the over sold ========================================== that's al lwhat i have hope u enjoy it
by moad-legend
DASH Goes Orange... Bullish Setup Hanging on by a Thread!Dash (DASHUSD) pulled back very hard again breaking below our previous low of 146.88, which means that we did not actually complete that pesky subwave-(ii) pullback that we THOUGHT we had finished back on September 28th. Therefore, our PURPLE primary pattern has invalidated , leaving the ORANGE pattern as the new primary . This means that our the subwave(i) remains the same, but now we have a deeper subwave(ii). LTC and LINK are also in a similar situation at the moment. Our new ORANGE pattern subwave(iii) target projects between 453-576 while the subwave(v) target projects between 669-850. The ultra-bullish GREEN box targets overhead haven't changed as they lie along very strong Fibonacci confluences. There is still a chance DASH can extend to those, but we are in a precarious situation. There is major support at 101 below, and breaking that would mean we ARE following the bearish RED alt pattern which could take DASH all the way down into the 60 range. We've seen similar action in BCH, ETC, and EOS. In the near-term, it does look like DASH could get a lower-low. While BTC and ETH, which lead the crypto space, had been keeping things bullish all this time, they are getting dangerously close to breaking their own supports, so keep an eye on those! Ethereum must hold 3500! It advisable to buy via DCA, dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process. This subwave (v) top should coincide with the major top in BTC and ETH and will likely precede a ferocious crash across the crypto sector. This would be a great time to take profits and reallocate into other asset classes or Stablecoins. We may see a multi-year bear market specifically in Bitcoin and Ethereum, but many altcoins may see a shallower, more brief pullback followed by their own rallies to record highs DURING this time. Farther out, there is a very strong, high-confluence target of 8233 that looms within the realm of possibility! While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH). I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #dash #bitcoin #ethereum #blockchain #litecoin
KRAKEN:DASHUSDLong
by Critique-al-Thinker
Stocks - XLF Elliot Wave ForecastIdea for XLF: - For summer-EOY, will likely need to look at Finance sector as one of the leaders in indices. Technicals: - Price losing momentum (falling into lower channels), bounces appear corrective in nature. - Distribution pattern formed. - Ending diagonal broke down. - Price very likely to sell-off to bottom of the megaphone pattern, 9M SMA, 20W SMA, 200D SMA. - Usually the distributive sell-offs in indices form the W shaped harmonic structures, so a secondary sell-off is very likely. - Then a corrective rally into mid July, before selling off in earnest into Q4. Fundamentals: - June 30, G-SIB banks begin stock buybacks, should save XLF. - However, this is extremely bearish after an initial relief rally, see: It remains to be seen if the buyback rally will fuel another bullish cycle, leading into earnings season, or will indeed be corrective in nature, so watching out for the nature of the bounce, should it come. GLHF - DPT
AMEX:XLF
by UnknownUnicorn1043646
3
COVID-19 - Evolutionary Curve ForecastIdea for COVID-19: - We believe that the fight against COVID-19 has entered the mid game. - Can COVID-19 be beaten in the game of evolution? We think so. Viruses are rational actors, and will behave as a population in the interests of their evolutionary fitness. - While the media's narrative of "wave 3" of COVID-19 has spread and is widely known, Motive Wave 2 of COVID-19 will begin in June 2021 (new wave 1 2 3), which will end at the end of 2022. Speculation: - Global vaccinations and pandemic responses have introduced strong selective pressure on the virus since the beginning of the year. - From summer to the end of the year, the virus will select a new dominant variant to dominate. Expectations for the end of Motive Wave 2 (2022-2023): - Uncontrolled Growth: 1.3 Billion+ infected, 21.8 Million+ deaths. - Infectivity and Vaccine resistance: 900 Million+ infected, 21.8 Million+ deaths. - Lethality: 470 Million+ infected, 16.4 Million+ deaths. - Severity/and or Vaccine resistance (without infectivity): 320 Million+ infected, 10.9 Million+ deaths. - Successful Vaccination: Infection should drop rapidly, but 5.4 Million+ deaths. To model total deaths , we fit the % curve of the moving average: Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
C
by UnknownUnicorn1043646
4
Commodities - Copper Topped OutIdea for Copper: - Commodities Cycle is topped out. - Copper in Trade and Trend Distribution patterns. - Clear 5 wave Impulse completed. - Re-tested resistance and rejected. - Price will bleed out to complete the Head & Shoulders then capitulate. TP1: 3.44 very likely. TP2: 2.78 PT: 1.97 Global markets are not moving back into Goldilocks, no matter what the media is blaring. Reflation Overshoot Trade is over. Exposure should be given to Stagflation and Deflation trades. GLHF - DPT
COMEX:HG1!Short
by UnknownUnicorn1043646
GBPUSD 07/06/2021 GBPUSD Fall For RetracementHere is my continuation analysis of GBPUSD. Last week GBPUSD was unable to maintain moving inside the 4H channel uptrend. After breaking below that uptrend channel I recalculated again the waves count. I found that GBPUSD last week completed the ending diagonal channel. With that said, I believe GBPUSD still has pressure to go to the downside for doing some retracement before going to the upside again. Last Friday as we can see, GBPUSD retested that ending diagonal and then formed a shooting star candle, which indicates that GBPUSD will continue to the downside before going to the upside again. My projection area for potential reversal area around 1.4010-30 area and also 1.3970-1.3980. Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis. Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends. Cheers.
Short
by ArceeBlade
9