Where Does The Index Go From HereThis is the plan based on the daily data tracking back to 1877 (my projected beginning of the Grand SuperCycle for you EW followers). Looking at a solid market top around the month of April 2022. I have charted the likely ups and downs to it. For now, looking at a near-term top around this Friday at noon which should begin a roughly 13-15 trading day drop of about 221 to 261 points. All other points are estimates for now.
I plan to update this path as we move through it. Wave 3 could provide great opportunities. After April 2022 will likely see many rough months, but have no fear as all-time highs will be back....eventually.
Wave2
BTCUSD - Elliott wave – update - monitoring wave5 down
wave 4 over - motive wave down in 5 waves should follow to wave 5
motive wave ((1)) ended at 28800 area
corrective wave ((2)) unfolding in a zigzag - target 36630/38730 area
ALT: wave 4 is not over
monitoring price evolution
critical price area
previus daily close 33509
PP 32570 up
USOIL - Elliott wave – minuette wave (i) is over
minuette wave (i) is over (nine waves sequences third wave extension)
corrective wave (ii) should follow in three waves
FIB: 63.38 – 64.78
ALT: minuette wave (i) is not over – iv of wave (i) unfolding in an expanding flat wxy
FIB: 67,78
critical price area
previus daily close 69.38
PP 69.60 DW
FIB: 63.38 – 64.78 - 67,78
static S/R : 68.17 - 67.42
USOIL - elliott wave - long term wave 5 of intermediete (C)
long term wave 5 of intermediete (C) - target critical static resistence 77.11
if wave (i) of ((iii)) is over
then wave (ii) of (iii) should follow in corrective mode - three wave - probably zigzag - target 64.58
critical area
PP: 68.20
critical support - wave iv: 67.41
FIBRET wave (ii) : 64.58
EURUSD - Elliott wave – micro wave ((2)) is over ?wave wave ((2)) is over – wave (1) of ((3)) of iii is running.
test area 1.2217: flat fib projection wave 4 - fib ret. 0.382 wave 3
ALT: wave ((2)) still running in flat wave – (a)(b)(c) fib exten area 1.2160
critical price area
previus daily close 1.2227
PP 1.2210
FIB: 1.2217 - 1.2160
static S/R 1.2245 – 1.2238 - 1.2210 – 1.2187
volatility D 1.2182-1.2283
EURUSD - Elliott wave – monitoring wave (ii) evolution prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in an impulsive mode
ALT: continuation of wave (ii) either in a simple or complex correction
critical price area
previus daily close 1.2077
PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786)
static S/R 1.2106 key – 1.2153 critical
volatility D 1.2058-1.2156
Trend expectations for alts - entering wave II going to the pumpI think short term we will see a little retracement Wave II. This will be a good time to take a little profit and buy back in once we see it bounce back moving into Wave III. I love using STOCHS RSI to see these waves. The shorter waves are pointing downwards while long term wave is only beginning to move upwards. To is confirmation for my trading analysis we are in a Wave II retracement and prepping for a big move up, as Wave III is always the strongest wave up. Be patient and buckle up! Expect the first two weeks of May.
Wave 2/Bearish Gartley/AB=CD Harmonic Pattern/TRZ !!!First, I have to say that we passed Running Flat correction , even we passed Main Wave 1 .
Now, we are on Main Wave 2 ( Zig zag corrective & AB=CD Harmonic Pattern ), probably end of micro wave b of Main wave 2.
I can see another Bearish Gartley on wave 2, and maybe this is end of micro wave b of Main wave 2 (You can open SHORT position if you see sign of revers on TRZ&PRZ).
End of wave 2 can be around 56125$ until 51500$ , we need time to know that where is end of Main wave 2 ?!(You can open LONG position on end of Main wave 2 )
Please spend time for chart.( I spent lot :) )
Please follow your strategy , this is just my idea , and I will be glad to see your ideas on this post.
Please do not forget 'like' button :), Thanks and Trade safe.
Good luck.
Bitcoin: Looking forward to these next couple of months!Morning Traders,
Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k.
Bitcoin regained and sucessfully retested major weekly support above $10.2k.
I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k.
Looking for B of a larger corrective cycle to complete at $15.5-16k.
My macro count: