The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support...
Hi As you see in the chart, BTC has been completing an Expanded FLAT during the correction and now we're in wave 5 of wave C as an Expanding diagonal We expect to have a crash in the next days Be careful and write to me your opinions
Hi guys! 👋🏻 🔔 Brent Oil is completing the 5-wave expanding diagonal pattern on a weekly chart 🔔 There is a high divergence between RSI and price. Hence I believe oil prices will go down, Brent down to $72-70 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
I don't know that did you read my previous post about Bitcoin analysis or not !? if YES, please read this post, if NO, first please read my post with the topic '' Bitcoin Analyze (Road Map)!!!🗺️''. In this post, According to my last post about Bitcoin, I tied to analyze Bitcoin in short term. Bitcoin Analyze ( BTCUSDT ) Timeframe 4 min⏰ Bitcoin is moving in...
Hello everyone! Expanding diagonal is on the watch for AKROUSDT pair. There are key resistance levels at 0.26 - 0.27 levels. So far Akropolis has been following this pattern well, let's see if it continues to do so.
Hi guys! 👋🏻 🔔 EUR/USD is traded inside a downtrend channel. The price action of June 25 has formed an expanding ending diagonal pattern, which is yet to complete its formation. 🔔 4H EUR/USD chart, whereas the RSI is near the oversold level, hence to balance the strength, EUR/USD might retest 1.17700 before it continues to proceed downwards to complete the...
Hi guys! 👋🏻 🔔 FOMC announcements are important today. The most important note expected from the FED Chairman would be announcement of the tapering asset purchases by the FED. The no-clue tapering asset purchases date might play a negative role to the US Dollar Index and since there will be a volatility, USD/CAD may jump to $1.2890 level and retrace to $1.2720...
XRP looks like it's tracing out a fairly rare nested expanding leading diagonal pattern. The first expanding leading diagonal can be seen in blue. The second expanding leading diagonal can be seen in yellow. This pattern may already be complete but could also see a little more movement to the upside -- to $1.50 or so. Next up would be a fairly sizable red wave 2...
My last chart's thesis has not changed (). I called for XRP to reach ~$1.50 (when it was at $1) followed by a large retrace back down to the $0.75-$0.50 range which would set up a move toward (and beyond) the previous ATH. In this chart, I'm highlighting the only 3 times the daily RSI has closed below 30 since XRP bottomed in March 2020. The previous 2...
Hello everyone! I believe, Kava will hit $9 to follow the expanding diagonal pattern. KAVAUSD has already tested the previous high at $7.38 as support and is looking towards the growth to test the dynamic resistance once again at $8.88 - $9.00
A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price...
An interesting pattern developing on LTCUSD. After a leading diagonal up, we reached the high on the left side of the chart. From that point, we went into a leading contracting diagonal down, followed by a zig-zag back up. The present pattern appears to be an expanding -leading- diagonal of the wave C of this downwards correction. The reason that I label this...
NZDUSD 4H chart looks like it is completing an Expanding diagonal. Here I'm expecting to see a completion of wave 5 (the last wave before downward movement) what I do not know, is where wave 5 would be exhausted. so I have 2 options on the chart. Option 1: wave 5 could be truncated forming a Thrust. Option 2: wave 5 could unfold up to its full length around price...
Changed my count to an expanding diagonal, although fairly rare, i can't really see it any other way at the moment. Remember Wave 5 must be longer than Wave 3 but can under throw an not touch that upper trend line. Cheers, Marc
Detail @ the Chart..P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Mark Douglas on Chart Patterns: We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern...
Summer across the board, making all kinds of fake moves possible. Oil is not an exception, having hard times deciding what to do next. Time to focus on a big picture. It looks like on Tuesday, August 1st folks were reestablishing their short positions, which were closed at the end of the month, the day before. Hopefully it was a "technical" move and we will...