JCore7

JCore7

While the oscillators indicate another low is likely, from this perspective here, this dip offers a great opportunity to accumulate some Dollar vs Yen. Of the majors this is still the best pair to hold longs. The idea of an Elliott triangle is pure speculation at this point, but what is certainly indicative is that the macro trend is still up and these green...

JCore7

Still plenty to keep bulls interested in maintaining the trend. There's a lot of selling needs to happen before BTC looks like its advance is complete.

JCore7

The Elliott wave channel guidelines are some of the handiest tools in the box. Here the final channel (2-4) is well broken, indicating the impulse is done and wave 2 is in progress, further evidenced in the break of the base channel below. Ideally this decline finds the red channel of the larger degree impulse of which this is proposed to be wave 2 of 5....

JCore7

Gold looks to be forming subwave 3 of Primary degree wave 3 (blue) with a potential ending diagonal in progress for wave 5 of subwave 3. This could be confirmed at lower time frames. On this scale, the macro count suggests plenty more upside for Gold, with upper targets around $3300. However, as this appears to be a 5th wave extension, it's possible there are...

JCore7

This is basically an elaborate way of saying "it's range bound"... But there are some pattern analysis features worth drawing attention to for anyone interested in Elliott wave analysis. Time will tell if they play out as forecast.

JCore7

A closer look at wave 1 of 5. Once wave 1 is complete, buying opportunities will present at the end of wave 2.

JCore7

Simple impulse wave count showing current price action forming the base of Intermediate wave 5 (the largest degree shown). If so, it would appear to be in the 5th wave of Minor wave 1, possibly completing around the 72.6-72.9K USD area. This implies a pull back to around 50-61.8% of the length of Minor wave 1 to complete Minor wave 2. As always, prior pivots...