Correction It is expected that the current upward trend will end in the current resistance range and we will see the beginning of the downward trend
Neo Wave
Change the trend It is expected that the price will change the trend in the current resistance range and we will see the beginning of the downward trend.
After crossing the resistance range, the continuation of the movement process will proceed according to the specified paths
Correction It is expected that the price will change the trend in the current resistance range and we will witness the beginning of the downward trend.
Otherwise, the continuation of the upward trend is likely
Possibility of change the trend An uptrend is expected to form up to the specified resistance range. Then according to the behavior of the price, the continuation of the upward trend will be probable.
As long as the price is not above the 78.6% level, the trend will be downward
Check the trend Considering that the price is moving in a triangle pattern, according to the reaction of the price in the specified support and resistance ranges, the continuation of the movement process will be determined.
Possibility of correction The uptrend is expected to advance to the specified resistance range. Then, according to the behavior of the price in this range, the continuation of the downward trend will be probable
Correction It is expected that the continuation of the downward trend will be formed according to the specified paths
If the price stabilizes above the green resistance range, the continuation of the upward trend will be likely
Possibility of correction As long as the index does not stabilize above the 88.6% level, there will be a possibility of changing the trend. Otherwise, the upward trend is likely to continue
Check the trend Considering the behavior of the price in the current support range, there will be a possibility of a trend change. As long as the price does not stabilize above the previous ceiling range, the downward trend is likely to continue
Uptrend According to the behavior of the price in the current support range, possible scenarios have been identified.
It is expected that an upward trend will be formed and advance to the previous ceiling range
S&P500 NeoWave IdeaP 500 NeoWave Idea: A Potential Elliott Wave Analysis
Disclaimer: While Elliott Wave Theory can provide valuable insights, it's essential to remember that it's a subjective analysis tool, and market movements can be unpredictable. Always conduct thorough research and consider multiple factors before making investment decisions.
TURBO may become bearishWith the wave count of the total data we have on the chart, it looks like we have a large diametric on the chart that we are now in wave G of this diametric. In diametrics, the G wave is the final wave.
It seems that the structure of wave G is a triangle, and now we are in wave e of this triangle. Wave e in triangles is the final wave.
With these interpretations, it won't take long for TURBO to become a bear.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FLOKI ROADMAP (1D)From the place where we placed the red arrow on the chart, FLOKI's correction seems to have started.
This correction looks like a diametric that we are now in the D wave.
In the red box, wave D can end and we can enter wave E.
Closing a candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Possibility of uptrend It is expected that we will see the beginning of the upward trend and advance to the specified resistance levels.
Otherwise, a corrective trend will be possible up to the indicated support levels
Correction It is expected that the correction process will be formed according to the specified path. Then, according to the behavior of the price in the support range, the continuation of the movement process will be according to the specified paths
Change the trend It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend.
If the support range is broken, there is also a possibility of a fake breakout
Correction According to the behavior of the price in the support range, possible scenarios have been identified. It is expected that the price will cross the support range and we will see the beginning of the corrective process
Check the trend It is expected that the price will change the trend in the current resistance range and we will see the beginning of the downward trend.
Otherwise, it will be possible to continue the upward trend up to the specified resistance range, and then expect a trend change.
Crossing the resistance range will invalidate the above scenario
Correction Considering the behavior of the price in the support range, it is expected that the upward trend will end and then we will see the beginning of the corrective trend.
Check the trend According to the behavior of the price in the green support range, possible scenarios have been identified.
As long as the price fluctuates above the green support zone, the uptrend is likely
Possibility of changing the trend It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend.
Otherwise, it will be possible to continue the upward trend until the next resistance range, and then expect a trend change
Downtrend Considering the recent downward wave, it is expected that the downward trend will continue according to the specified paths.
If the price crosses the resistance range, the continuation of the fluctuating trend is likely
Check the trend Considering the behavior of the price in the current support range, it is expected that the upward trend will continue
If the price crosses the support range, the continuation of the corrective process will be possible
