The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in
NYSE:SPCE
I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal.
Confirmation Criteria for My Analysis:
By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal.
By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal.
If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs).
Additional Insight:
It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios.
Alternative Scenario:
I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.
ELLITTWAVES
Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C
-in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100)
-Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed
-Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :)
*This theory gets invalidated if today's high is broken*
Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart
Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
Elliott Wave Update NasdaqWave B well on it's way. If yesterdays low completed a wave 4 (size of 1 from top of 3) we shall complete quite rapidly the full 5 wave sequence of A of (B),fib targets on the chart. Note we shall be entering a wave 5 of 3 so expect a well defined trend to unfold in the coming weeks. Ultimate target of this wave (B) is quite likely to complete in ATH.
GBPUSD HERE COMES THE BULLS?!!! 😵😵😵 Hi traders
Please see our analysis of Gbp/Usd.
We previous analysed this pair and marked on the charts our bearish expectation which we gone into our decision zone and it appears we may now be at the start of a major bullish cycle for cable.
Do you agree with the Elliot wave used here?
Let me know in the comments below and as always trade safely 1% is always enough.
The Fx Chartist
NDQ Elliott UpdateOn the hourly chart, my favorite count has slightly change but with no material difference. My favorite count is that we are in a 3rd wave of C and alternatively in a c of a double zigzag. The first count better with tuesdays gap down open, where 3rd waves generally start with a ripping movement. The only bullish alternative is that yesterday completed a B wave of a larger wave 2, but that doesn't propend very well with the general market structure.
BTCUSD finally received strong resistance and pressure of 50KThe main resistance zone pressure is started and we prices like 51500 are now strong and important number if reaches, because as you can see our range zone based on this (0.61% of Fibonacci retracement level).
If we have a breakout here to the upside then the price can easily continue pumping and reaching previous ATH or even 80K and ...
Targets and supports ahead:
A. 46000$
B. 44000$
C. 40000$
DISCLAIMER: ((trade based on your own decision ))
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GOLD NEXT WEEK #12Forecast:
If momentum is strong this week, target's ~1762 and ~1785 before correction, but if price action develops truncation @ ~1755 and reverses, target's @ ~1714 - 1709ish.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's
- $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
US Dollar Index terminated Wave 1 around 93.24 levels ?US Dollar Index had rallied through 92.24 levels on Friday and might have terminated lower degree Wave 1. Alternately, it might push through 93.50 to complete. Either way, the indice could be preparing for a corrective drop soon to terminate potential Wave 2 around 92.20/30 levels respectively. Once a classic 5-3 structure is ready, we can expect another 5 wave rally towards 94.00/95.00 as Wave 3 unfolds.
Remain ling, stop @ 91.00, target is open.
Good luck!
ORBEX: Will the US Avoid A Gov Shutdown This Year?In this market insights, I talk about the reason #FX Majors were muted; on the back of a shift to riskier assets i.e. the equities
I dive into euro, pound, dollar and the safe-haven yen to provide you with my short-term analysis.
I also talk about what to focus on for the rest of the week and with crunch talks around the allocation of US’s $1.3tn spending continuing, it is certainly going to be an interesting one as fears of another shutdown linger!
Timestamps for each pair:
EURUSD 1H 01:30
USDJPY 1H 03:40
GBPUSD 1H 05:00
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
S&P500 - Consolidation before Trump takes this higherWe have 3 possibilities at present time,
either we see price drop sharply in impulsive fashion , which would make this a Flat correction
Or, it makes only a 3 waves correction , which would increase the chances of a Triangle playing out (favorite count)
or, of course, this could just continue rallying higher which would indicate that wave 4 is in place and we're off for wave 5 .
btc xbt 10july2019 @cryptoKneeSoooo, not alot this can be EW stylie did not make the .90. sideways wxy and flat off the table. 3 counts i can think of. xyz down and in a 12,12 going up. Abc W abc X and down for a ZZ Y, Triangle if you believe ABC . also Leading diag A into a bigger correction. time will tell