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Elliott Wave Modern Analysis: Major Bullish Trends Unveiled!Hello traders! 📈✨ Today, we're diving into a comprehensive Elliott Wave Modern analysis on the DOGEUSD weekly chart (W1). With our two-window setup, we are comparing the current market behavior with a historical bullish trend from December 14, 2020, to May 3, 2021. Let's break it down:
Right Window Analysis:
Period: December 14, 2020 - May 3, 2021
Market Behavior: During this period, DOGEUSD exhibited a massive bullish trend forming an ABC flat pattern.
Key Levels:
Wave A: $0.4530, representing a 500% increase from a lower degree abc Zigzag (marked in grey).
Left Window Analysis:
Current Status: The market is currently forming the early stages of a three-wave pattern (a:3 & b:3).
Future Projection:
- If history repeats, we might see wave c:5 with a potential 500% increase, targeting $0.7992 from the height of a:3.
- Current Price: $0.1650
- Target: Watch for the first major peak around $0.7992!
🚨 Get ready for a potential bullish surge in DOGEUSD! 🚨 With these insights, we could be on the brink of another significant move. Stay tuned and trade wisely! 🚀💸
🔗 Follow for more updates and detailed analyses! 📊📌
#ElliottWaveModern #CryptoAnalysis #DOGEUSD #TechnicalAnalysis #BullishTrends #CryptoTrading #TradingView 🚀📈🌊
Neo Wave Learner doubtWhat is the difference between projection overlapping and "obviously different in price and/or time" in NEO Wave? In Pre-Constructive Rules of Logic, Rule#1, Condition_b, Paraghraph_4, it states "If part of m2's price range is shared by m0 and m3 is longer and more vertical than ml during a time span equal to (or less than) ml and m(-1) is shorter than ml and m0 and m2 are obviously different in price or time or both and m4 (or m4 through m6) returns to the beginning of ml in a time period 50% of that consumed by ml through m3, a 5th Extension Terminal pattern may have completed with m3; add ":c3" to ml's Structure list."
Here, m0 and m2 should share price range, which means projection overlapping, at the same time, it is mentioned, m0 and m2 should be obviously different in price&/time.
Experts please help..
Also, Mr. Neely mentioned, "m1 is longer than m3" in few other places, does the length means, by means of distance between 2 price points or by means of time distance or should i consider a multiple..
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First target: 150 $
Second target: 210 $ (if the price stabilizes in the range of 150 $ to 100 $)
Third target: 250 $ to 300 $ (if the pattern progresses in diametric form)
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GBPJPY In a powerful uptrendRegarding this currency pair, the point that can be said with more certainty is that we are in a strong uptrend and in the fifth phase of a corrective. Normal goals for this phase, or perhaps better to say, medium-term Minimum goals for this currency can be considered in the range of 145.