AMA_FX

AMA_FX Updated 

Hello GOLD is on the most tricky charts in the market and you all know that we never tired to repainting our charts for XAU. I have counted it like this and I think we are in wave 5. The main question for a trader with Elliott strategy is that if it the last impulse wave and then chart of gold will reverse or it was just wave 12345 minors and wave (1)...

AMA_FX Updated 

Hello everyone This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart. According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it...

AMA_FX Updated 

Hi guys Today market behavior might be so surprising because we are in a decisive juncture of most of trends (Gold, BTC, OIL, EUR, DXY and...). In this case I need to emphasize SPX chart as a leader to decide about next weeks and months of the markets. Impulse primary counting is popular amongst elliotticians (Red Primary Counting) but an Ending Diagonal is an...

AMA_FX Updated 

In the time that Stocks surprisingly do not want to get off the rally all XAU traders are passing days in the hope of a good and reliable profit and all these has happened just because gold is in an Ending Diagonal and the worst part is that gold is in wave 4 of this diagonal. Honestly I have quit trading in gold till this diagonal finishes and I strongly...

AMA_FX

Hello It seems that ADA has been finished major correction and now is in a rally to make its impulse waves BUT I do not believe that I prefer to be pessimistic about today's cryptocurrency market situation when SPX is full and sentiment, momentum and volume does not support Crypto Reversed Market but it is necessary to consider all alternative in spite of the...

AMA_FX Updated 

It seems that Dow as become a little tired of rally and according to my Elliott counting it is probably in the end of wave c of abc of 4 (I did not mentioned here this correction) cycle. Indicators, sentiment, momentum and also volume are confirming exhaustion in this INDEX and what we need to accept it is a strong declined break-out and then making a bearish...

AMA_FX Updated 

ABNB started its rally from 81.91 dollars and is continuing as a Leading Diagonal. We are waiting for it to complete the patter because if it is correct so we may have a huge bullish market (normally after Leading Diagonals). I think it will be precious to keep it in your watchlist. Be Safe and Happy

AMA_FX

Hi I really recommend to zoom out in your charts whenever you feel trapped in small time frames counting and see your chart in weekly (Mostly) and even monthly (sometimes) to get a conclusive picture of the events passed and may happens. In my counting we are probably in a correction wave (in monthly/weekly chart) in BTC and even it is not correct we have 2...

AMA_FX Updated 

Hello Sometimes Impulse counting can be much more difficult than correction (for me) and this is because in correction marking you can finally figure out the pattern (Most of time) but in impulse waves there many different counting alternatives even when the trend is finished. So I have different strategy for impulse and it is I separate then buy most probable...

AMA_FX

Hello What is very important for me in this cart is the lower boundary line of Ending Diagonal (if it is correct) and also Blue channel. If my counting is correct so we will lower boundary line break out in the next days and this trend should respect to that blue channel. Please consider volume correlation with sub-millennium counting. My strategy for this...

AMA_FX Updated 

All of us know that whenever decides to reverse it take time and energy which means many different reversal patterns in the reversal area. As a matter of fact it is happening for EUR and many different idea and patterns may exist for now situation of EUR but what I think is considering main alternatives for our analysis. For now EUR/USD is struggling between...