POPCAT → Bullish Pressure !!!the POPCAT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
According to Elliott's theory, the triple combo waves have ended and it means that the price can increase.
Note: we should wait for the breaking of the triangle and than make a move!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Triplecombo
Bulls Ready To Take ItSPY has been undergoing accumulation, markup activated 10/21 above 373.93 (will want to see continuation next week for the path to play out in timeline detailed below):
Initial Target 388-393 by end of October 2022 (SoS)
Slight pullback to 377-382 into early November (BU/LPS)
Estimated trajectory following above scenario:
408-419 by December 2022
371-384 going into Jan 2023, likely will re-accumulate here
Attempt breakout of larger downtrend at 395-400 level around Feb. 2023
Goal Target 515-550 (new ATH) by Summer 2023 to end the 13 year bull cycle ; will begin major distribution there
Bigger picture is SPY shows indication that it has completed wave IV via a tripple combo and has been accumulating to start of wave V.
QQQ Brrr SetupTriple combo for the triple Qs?
If it can get past 300 as the stochastic RSI suggests it is set to do (geez that weekly stochRSI is a lot more bullish than price action suggests...), then my X2 target is 332.66 - but could be realized somewhere in the green target box if we can clear this resistance immediately above.
From there Z could be realized in the red target box with point target 224.17. Notice you don't see my cycle wave I on the chart because I'm it occurred at the beginning of an expanding triangle that formed at the end of II and lasted until Covid low (wave I is at 170.95). The path I drew in is just illustrative and the wave V will be a lot higher than shown (wanted to illustrate that we will see a new ATH after IV is complete). I think we are about to see a massive short squeeze to take us to 330s from here.
Best,
Ricky Bobby
ORBEX: Gold Impulsive Upside Could Lead to Triple Combo!Gold's upside move could end shortly, forming an intervening wave x that could be followed by either an ending zig-zag or an ending triangle pattern.
The successful correction could turn the current structure into a triple combination!
Look for potential invalidation above 1519/oz.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Triple Combo WXYXZ.The market quickly penetrated the support line overnight and then reversed.
It may be too early to say, but it is a concrete sign of reversal.
The daily candle will probably close in "Evening Star"... to follow!
We can also notice a head and shoulder pattern on a 15-minute chart
Le marché à rapidement pénétré la ligne de support cette nuit pour ensuite se renverser.
Il est peut être trop tôt pour se prononcer mais c'est un signe concret de changement de tendance.
La bougie daily va surement fermer en "Etoile du soir" .. à suivre !
Nous pouvons aussi remarquer une figure tête épaule sur une chart de 15 min