EWcycles

EWcycles

The past few weeks have been bearish on GOLD as it has been making lower lows after failing an attempt to an all time high. But in my opinion, now could be a good time to long. TA: The downside move since 2070 $, wave (5) of , has been very consistent with it being a complex correction (WXY). A complex correction corrects in 3 waves, all of them being also 3...

EWcycles

From the ATH, I believe we have seen a 5 waves move. This means that we have began a new trend down which would either result in a ABC zigzag or in a bigger impulse. This last month, we haven't seen a new low as the trend has retraced in a correction which, in my point of view, is a very clear 3 waves move reaching very soon the famous fibonacci level of 61.8%...

EWcycles Updated 

I think we have seen only 3 waves down for now. A C wave should have 5. Therefore I believe we will se one more low. Some people are counting this as a wxy instead which I assume is a possible count. But it's rare and should not be prioritized. Tomorrow we will have a new CPI data. I think that the smallest bearish news could make the market to crash quite...

EWcycles

USD/SEK has some more upside as a 5th wave to go before downward trend continuation. The price should, in this case, continue to at least a 161.8% extension of A B but it could even go higher to the 50 to 61.8% range (se the box area). A lower low in that area should be a trigger for shorting with a very good reward risk ratio.

EWcycles

We should now enter the last C wave of E putting us bearish short term to around 1700, then I suppose we start the last move up (large 5th wave) putting us to new ATHs. The last C wave of E should be in a 5 waves structure, and not go below the big C wave of the triangle. If it does, then the count is unvalid.

EWcycles

I think SOL has 1more month of uptrend. Volume and RSI is decreasing which gives a bearish divergence. Futhermore it seems that the waves have 3 subwaves. A breakout from the diagonal should decide if it´s bullish or bearish, but you must have rising volume during the breakout to confirm it because, if the volume doesn´t rise, it could be a false break out. So...

EWcycles

I think SOL has 1more month of uptrend. Volume and RSI is decreasing which gives a bearish divergence. Futhermore it seems that the waves have 3 subwaves. A breakout from the diagonal should decide if it´s bullish or bearish, but you must have rising volume during the breakout to confirm it because, if the volume doesn´t rise, it could be a false break out. So...

EWcycles

The PA is now at the top of the potential ABC channel. Either this one breaks and forms a 1-2 where it could be a good buy entry when the PA, during the 3rd wave, goes above 1st top. Or it holds and forms a longer C (potential 3 also if it´s even more bearish) until the 1.618 and daily bullish channel resistance.

EWcycles

BTC has made an interesting move lately where it broke all kind of supports in low TFs (3H or less). This is an indication that something is happening and also an indication about how easy BTC or crypto in general can kick out stop losses and margin traders. What I want to clarify in this count is the volume: In EWT counts, you should have a BIG volume rise in...

EWcycles

Looks like the price is finding it hard to break the resistance line, we should wait to see where it wants to go. I think we just had a wxy as B wave or 2nd wave before having C down or 3rd down. If it breaks trend channel around 650$ then we could short again to at least 0.618 support line at 568$. If it bounces and closes at new all time high then we shall...

EWcycles

This is a risky idea but I´m ready to share it anyway. We are currently in a trow over of an ending diagonal in an ending diagonal in bigger timeframes (daily and weekly). What I am showing is that we might be in the end of it. A count of ABC with 1 to 5 of the C is currently maybe done. An ending diagonal usually is formed by ABC subwaves (3-3-3-3-3) why you...

EWcycles

I am sharing my thoughs on Tesla. The count follows fib ratio rules. After the short breakdown recently, I find it being bearish. The first big wave down follows a simple 5 waves down pattern. Now this tells us that it could be a bigger 5 waves down where we could have started the 3rd right now OR being a simple 535 ZIGZAG. Because both of them are bearish...

EWcycles

We should see a new high today around 66 to 67k.

EWcycles Updated 

The price broke the downward trendline and for now it looks like it´s staying above. There could be a GOOD risk reward trade to take now. The only thing that makes me beleive it could go down is that the USD looks to rise soon but maybe oil will have its chance before it does. Around 63 is the first and most probable target :)

EWcycles

Tesla is making ABC waves indicating bearish count.

EWcycles

This is my ewt idea on Gold. There´s a chance that we see one more low before we rise but the long term count is bullish. 1800 is the next target and it should be crossed easily.

EWcycles

I see a triangle upcoming, if it breaks the trend then I see it bouncing on the support, then trying the ATH one more time.

EWcycles

ETH is choppy at the moment, I espect to see it make a double top, then small pullback, then rises again like a cup and handle.