The last wave to riseWe are in the last wave of the rise that can be extended because it touches the previous peak, and then the correction begins, so let us wait and see what will happen.
Volumespreadanalysis
TWTUSDTIt is possible that it will remain a final upward wave for it to complete the last sub-wave before the start of a large decline for the shaded areas
Retest previous resistanceThe price is bullish in an impulse wave, and it is currently retesting the previous peak, and then rising again to make a new peak for the shaded area
Leading Daegonol was formedFive overlapping waves were formed in the form of Leading Degnol, and this comes at the end of the ascent
ankrusdtIt is possible that a five-way decline will be implemented in order to complete the C-wave and end the historical drop in the currency, so let's see what will happen
forming a bearish pattern?It is highly likely that an Ending Diagonal pattern has been formed, and this is a pattern that enters the end of an ascending wave and the beginning of a large bearish wave, which will be a C wave.
Note: The model fails by breaking 350 usdt its top and closing
ELF - longer-term uptrend still intactELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average.
Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop loss about 10% below the 50 day MA is prudent for the longer term investor.
A swing trader would have a tighter trailing stop and on the lookout for re-entries on the long side as long as the trend remains intact.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
The $50 area awaits usThe decline has not ended yet, and it is assumed that we will go to the shaded area below, including a simple correction, and we will update the analysis at that time.
Note: The analysis fails to close above the 103usdt area.
One last wave of decline?It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
AttentionMostly, the shape formed by the top is a composite correction, and currently we are in the upward correction phase, and it is about to end and start a final decline in the Z wave.
Note: the analysis fails if the price closed above an area 0.8 usdt
Is the rise over?Five waves of the rise of wave A were achieved, then three corrections of wave B, and then five waves of the rise of wave C. From my point of view, the corrective rise has ended
Test Again?From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below.
Note: the analysis fails if the price closes in the highest area 0.392
TASIThe Saudi Stock Exchange has not gone up a real rise since the bottom of 2008, and throughout this period it is moving horizontally and faced a drainage area 4 times and could not break it, and it must return again to the demand area to collect and rise strongly and make a new peak equivalent to the rise that took place from the period 2000 to the period 2006
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
egx30The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
shorts again?Five historical downward waves were created from the highest peak to the lowest bottom, after which only three upward corrective waves were formed, not a motive, and correspond to wave 4 of Elliott’s law. It is now possible that five more waves will be made to re-test the historical bottom of the currency, including the termination of wave C
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area
Another strong drop is comingA historical decline was made in 2006 to 2009, from which the rise took place in three waves, not an impulsive rise, and there are many manifestations of weakness in the rise from the presence of a strong monthly negative divergence, in addition to the weakness of the rise at the historical peak. next big
Good luck
XAU/USD Long trade we have an uptrend!I am currently observing a bullish opportunity on the XAU/USD currency pair (gold against the US dollar). The price is around 1936, and I have noticed a positive movement both on the daily chart and the 4-hour chart (H4).
It's interesting to see how the price is behaving in a zone that used to act as resistance but is now acting as support. This support level corresponds approximately to the 0.5-0.6 Fibonacci level.
My trading strategy is long, with a profit target at 1980, which aligns with the previous highs reached. I have placed a stop loss at 1912, just slightly below the previous lows, to manage the risk.
I always remember that trading involves risks, and past analyses do not guarantee future results. I will make sure to manage the risk responsibly and use the appropriate tools to make informed decisions.
I wish myself and all the other participants of Forex48 Trading Academy a successful and profitable trading journey!
Pay attention to the correctionIt is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck
Note: the analysis fails if the price closes above the 422 area
One last time downIt is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck
Note: the analysis fails if the price closes above the 409 area
NZD/USD BUY ZONE AFTER NFPAt 0.6070 we have a Poi zone where the price could be a reaction and if the price will close over the poc we can consider to entry long. I'm waiting a confirmation before to enter. Have a nice weekend!
USD/JPY BULLISH SETUP WITH ENTRY POINTOn USD/JPY, we have a bullish setup across all operational timeframes. The market experienced a strong impulse around 139. Now, our objective will be to wait for a retracement to around 141.50, where we have a trendline support and a Fvg confluence zone. There are excellent possibilities for the price to bounce and resume its upward movement. Remember always to wait for operational confirmations. Personally, I look for opportunities on the M15 timeframe. Let me know what you think. Happy trading to all! - Nicola, CEO of Forex48 Trading Academy.
GME buy the dip LONGI see GME on the 15-minute chart as being setup for an opportunistic speculative dip buy.
Details and targets are on the chart. The plan is to get about 5% out of an anticipated
rebound off the near-term pivot low. My analysis is the GME will revert to the mean being
the high volume area of the volume profile which is 4% upside with the POC line before
that where trading will ever be buyer dominate for a continuation or seller dominate for
a bounce down. If any shorts bought in the downtrend they will either hold through the
recovery or buy to cover to minimize losses. If the latter, the early beginnings of a short
squeeze could be a foundation of a move higher.
