ATOM’s Last DipCosmos ATOM is among the most solid projects in the space. Although it had been in a long downtrend since the end of 2023, the coin is expected to make bullish shift that would change the structure to target a new ATH.
I expect a last dip though to the ~$3.21 range before starting a major bullish impulse wave.
Wave Analysis
Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn HigheShort Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends higher in wave 5. Up from wave 4, wave (i) ended at 32.17 and wave (ii) pullback ended at 31.29. Wave (iii) higher ended at 34.26 and pullback in wave (iv) ended at 33.44. Final leg wave (v) ended at 34.86 which completed wave ((i)) of 5 in higher degree.
Wave ((ii)) pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave i ended at 34.43 and wave ii ended at 34.83. Wave iii lower ended at 33.41 and wave iv ended at 34.29. Final wave v lower ended at 33.07 which completed wave (a). Bounce in wave (b) completed at 34.54 as a zigzag structure. Down from wave (b), wave i ended at 33.39 and wave ii ended at 33.97. Wave iii lower ended at 32.48. Expect wave iv rally and another marginal wave v lower to complete wave (c) of ((ii)) before the metal resumes higher. Near term, as far as pivot at 30.1 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
MATH - This is how you REALLY use Elliott WaveThis is a great example of a beautiful setup and how to lay out a low risk, high reward trade, especially for those that are still learning and wondering how to apply Elliott Wave. Or maybe you are unfamiliar with Elliott Wave or someone who thinks it's nonsense. Well let me show you how I do it and hopefully help you learn the best technical strategy. These are the setups I salivate on. And I don't care if I lose 8 out of 10, because the 2 that hit will more than pay off the losers.
Support box is clear. Below the September low and I'd be out as we'd be below the reliable 61.8% retracement. Breaking that fib retracement level means that it can do anything from bullish, to diagonal, to sideways, to bearish moves. And we don't want to waste our time with stocks that aren't trending. Nothing is reliable anymore - therefore, we don't want to trade it below that. Toss it away. Move on to the next one.
For this play, you could accumulate shares under $2.25 which is the previous high. I have it labeled as a Wave (1) but it could easily just be an (A) wave. As a quick refresher, trending impulsive moves happen in 5-wave moves. Since we don't know for 100% certainty that this will become that, we have to prepare for the other likely scenarios. We are already protected from significant downside with our stop below the 61.8% retracement, so I just don't care what might happen in a bearish count. So for bullish, I want to accumulate under the last high and catch the breakout. Once broken out, minimum target is $4.25. That's the 100% extension of (1) from the bottom of (2), the first resistance. If this ends up being a 3-wave (A)(B)(C), it would top out there at the 100%, so we want to make sure we have all of our money back by then. A full bullish follow through could take it anywhere between $12 (161.8% fib) and $22.50 (200% fib, which is where a standard impulsive 5-wave rally is expected to end with no extensions).
If you buy a stock like this with stop below the 61.8%, you can go net free (return of original equity) by selling however many shares are needed to get your original money back at the previous high around $2.25 which should reject at first try (as it is the most likely landing spot for Wave 1 inside of Wave (3). Once a higher low forms from there (Wave 2 of (3)) between $1.20 and $1.75, you could go in even harder, buying more shares, and moving your stop on all shares to that higher low, providing a very low risk scenario. By the time $4.25 is hit, you should be completely net free with plenty of shares left and maybe even take some good profits.
Remember, this is an outline NOT A PREDICTION. That's why we have a stop, a plan, and multiple targets. As it plays out, we gain more clarity and update our outline. Probably even find a trend channel. This is Elliott Wave. This is Fibonacci Pinball (the creation of Avi Gilburt at elliottwavetrader,net). It's not telling you what's going to happen. It's telling you what could happen, laying out the most probable path, limiting your risk, and telling you when it might be wrong and how to pivot. And don't go thinking this will happen all at once. Keep good notes of your entry and all sales. This likely takes 1-3 years.
Standard disclosures:
1. This is 100% my idea. It was not sourced from any other avenue.
2. I am not invested in this company, though I am likely buying shares soon.
3. I am not paid to post content nor do I receive any contributions of any kind.
4. While this is outlining a potential profitable setup, this article is not investment advice. You should do your own due diligence on any company you invest in and apply your own trading strategies.
5. I know nothing about the fundamentals of this company. I suggest doing your due diligence if fundamentals are important to you.
6. Readers should always remember that markets are their own creature made up of millions of individuals and institutions each following some combo of inherent bullishness, inherent bearishness, fundamentals, technicals, stupidity, and pure emotion. Elliott Wave, and specifically Fibonacci Pinball (developed by Avi Gilburt at elliottwavetrader.net and prominent Seeking Alpha author), merely provide a framework based on the observed price action to date. 7. I know that while my wave outline is based on years and years of data and application from not only me, but some of the best in the game, I also know that markets do not follow a set path and that sentiment can remain irrational far longer than I can remain rational. That is why you MUST consider the alternatives and manage risk appropriately. Know the pivot zones that could lead to the primary path failing.
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. My analysis outlines a potential scenario and provides risk assessments for multiple alternate scenarios. My analysis is purely educational.
Japan 225: Amid Bearish Momentum and Global UncertaintyThe Japan 225 index is currently trading below the FibCloud, signaling a potential downward trend. My target for this short trade is around the 35,500- 36,200price area, where I anticipate significant support based on historical price movements and Fib levels. For now, I’ll let the trade run, while closely monitoring price action near the 40,000 zone. It’s crucial that the price remains below this level for the short trade to remain valid. A recovery back above 40,000 could signal a reversal, and in such a case, I may reassess my strategy.
Technical Overview:
• Partials: 38,000- 37,000area.
• Stop Loss: Monitoring the 40,000 zone as a key level of resistance.
• Key Indicators: The FibCloud provides strong bearish signals, and the declining price action suggests continued selling pressure.
• Risk Management: I’ll adjust the stop-loss level accordingly if the market shows signs of recovery or increased volatility. Taking partials at key support levels to secure profit remains an essential part of this strategy.
Fundamental Overview:
• Asia-Pacific Market Sentiment: As noted in the news, Asia-Pacific markets are mixed with attention on China’s loan prime rate announcement and Japan’s general election at the end of the week. While China’s central bank cut the one- and five-year LPRs by 25 basis points, this has not done enough to boost confidence, especially with property stocks tumbling.
• Japan’s Economic Data: Japan’s exports fell by 1.7% in September compared to the same period last year, signaling a potential slowdown in trade. Additionally, the Nikkei closed marginally lower recently, indicating bearish market conditions.
• Global Outlook: Japan’s market might be impacted further by inflation figures and GDP data expected this week, adding volatility and making the short trade setup timely.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
USD-CAD Short From Resistance! Sell!
Hello,Traders!
USD-CAD went up sharply
And the pair is locally overbought
So after the pair hits the
Horizontal resistance of 1.3980
We will be expecting a
Local bearish correction
Sell!
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Can BNB reach around $1000 ?...The BNB 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)
Note: we should wait for the breaking of the triangle and than make a move!
See my first anaysis on BNB in 2020
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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!!
GOLD SHORT TO $2,540 (1H UPDATE)Important video update. Like I mentioned on the last update video, it's possible that Gold could push up higher towards a new ATH & that is exactly what is playing out. We've seen Wave 4 play out in a complex correction form, rather then a flat correction form.
Difference between 'flat & complex corrections' covered on my Gold Vault Academy E-Book.
GOLD SHORT TO $2,540 (1H UPDATE)Even though Wave 5 is overextending more than I thought, market structure is still valid for short positions. Wave 5 can push up as high as $2,800 in the mid term so don't be surprised by any further upside.
U.S. Elections in a few days, so let's see how price action shapes up prior to the main event!
Fetch: Low set!We now view Fetch in the same-colored wave 3, which should lead it above the $1.73 resistance. With the Target Zone deactivated, investors could move stop-losses closer to the entry price. Stops could protect against our alternative scenario (33% likely), which implies a lower low of green wave alt.2.
NZDUSD in a Clear Bearish TrendNZDUSD in a Clear Bearish Trend
NZD/USD is moving inside a "Descending Channel" in a well-defined bearish trend.
The market's focus has been on the US election results, with the anticipated Trump victory supporting USD strength throughout the month.
Now that the election period is winding down, market activity is slowing.
However, as long as the price continues to respect this pattern, there is a chance for further downside in the short term, as shown on the 60-minute chart.
You may find more details in the chart!
Thank you and Good Luck!
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Gold Roadmap==>>Short term!!!The recent CB Consumer Confidence and JOLTS Job Openings reports are both pivotal indexes for gold’s market reaction. A lower-than-expected JOLTS report , indicating fewer job openings, suggests possible economic slowing, which tends to support higher gold prices as investors look for safe-haven assets. On the other hand, if the Consumer Confidence Index shows strength, it can signal economic resilience, potentially reducing demand for gold as risk-on assets may become more attractive.
Gold ( OANDA:XAUUSD ) moved as I expected in ✅ yesterday's post ✅.
Gold is moving near the Potential Reversal Zone(PRZ) .
According to the theory of Elliot waves , it seems that we should wait for wave 4 of Gold in the 15-minute time frame .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,761-$2,756) and the Uptrend line .
⚠️Note: If Gold goes over PRZ, we have to wait for $2,800(at least)⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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EURAUD SELL PROJECTIONAfter a smooth rally upward, E URAUD is primed to reverse from 1.6581 , which was our original target from the previous buy setup. This level now serves as unmitigated supply from weeks prior and aligns with the 161.8% Fib extension of the current rally.
We’re planning to sell from 1.6581 down to 1.6250 , a key demand level within the broader bullish trend. Our stop-loss will be kept moderate at 1.6625, providing a solid 1:8 risk-to-reward ratio.
Stay tuned here for more setups and projections!
EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction
At the start of the new week, all JPY pairs increased significantly.
The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years.
Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy.
Technical Analysis:
On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07.
So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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Time to AccumalteI shorted Estee Lauder and closed my short today at $73. We have just hit support at $65 at an important Monthly level of support.
Time for me to accumulate a long position with the proceeds of my short.
Not financial advice, do what's best for you. Refer to my previous trades on this stock to see why I think the final capitulation wave is in.
EURUSD_4Hhello
Mid-term Eurodollar analysis Elliott wave analysis style The market is in five downward waves And now the market is correcting upwards as wave 4, which is our main resistance at 1.09333. And after completing the correction and completion of wave 4, it can fall towards the number 1.06666 as wave 5.