NirmataFX

NirmataFX

There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387. It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave If the price exceeds...

NirmataFX

In 2015, after 10 years of activity in the Forex financial markets, I became acquainted with the crypto market. At that time, Ethereum was around $ 40 and Bitcoin was near $ 500. Since 2013, I have concluded that Elliott waves make the best predictions and have the least risk. At a conference in the Forbidden City of Financial Markets and between a crowd of over...

NirmataFX

We had little time to get the general trend in the daily chart, but in the 240-minutes chart, it was totally clear that a trend which has started in the range of 1.7469 has ended in the range of 1.8527, that is in the format of 5 waves. Also, the corrective movement is in the form of 3 simple waves that have completed in the range of 1.7934. Given these...

NirmataFX

EURJPY – The completion of Diagonal Pattern and the advent of the uptrend In the daily chart, the Ending Diagonal pattern has been completed in the range of 144.39, and the price has been able to cross the end of the 4th wave (122.84) with 5 ascending waves, and extended up to the range of 127.07. According to this pattern, the target for the uptrend in the first...

NirmataFX

Like Tesla , the stock is forming a Triangle Pattern, initially, the slid to around $ 3,000 is probable, then with a quick and powerful movement, the price will rise to around $ 4,000. In order to get the confirmation for the completion of the triangle pattern, the price needs to be closed the above the range of $ 3365.52, which is the end of wave “d “from the...

NirmataFX

In fulfilled wave counting, in the 240-minute chart, the price has moved up to the range of $ 502.41, with 3 ascending waves, in a corrective wave of 4, due to the 3-wave structure, the sides of the triangle have been formed, by crossing the price from “d -wave” (452.50), we will probably see an increase in the price up to the range of $ 587. The Loss limit for...

NirmataFX

Update: The completion of wave ii from sub-waves and the advent of ascending trend In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price...

NirmataFX

In the weekly chart, the main 4th wave has been completed in the range of $ 1047, and the price is currently in subsets of the 5th wave, in which the price is also in wave IV. According to the weekly chart, the price level of $ 2200 can be achievable, and we can forecast the overall growth of the trend for the next year. ( Weekly Chart ) In the daily chart Wave...

NirmataFX

In order to be able to have a detailed study on the Bitcoin chart, we drew the chart in logarithm, so that we can have an accurate wave count for it. As you can see in the weekly chart, the price is in a complete uptrend channel, in which the price by hitting the bottom line of the channel has started the increasing price trend in wave 3 from the 5th point. In...

NirmataFX

The short-term trend was very mixed, in order to have the best trades, we should be able to identify the main trend, we overviewed this currency from the weekly chart last weekend. Since1985, in weekly chart the general structure of the sides has been triple: The “W” Wave has extended in the form of 3 waves up to the range of 2.0100. The “X” Wave, is completed as...

NirmataFX Updated 

In the daily chart, the downtrend has ended in the range of 109.21 and the price has completed the first 5 wave in the range of 137.50. The downtrend in the B / 2 wave with a form of 3 structure and the Ending Diagonal pattern has been completed in the range of 114.42. Then the first wave from point C / 3 is completed and its corrective movement has ended in the...

NirmataFX

As long as the price does not exceed the range of 1.34832, we remain committed to the bearish trend analysis. In order to have the main confirmation for the decline, the price needs to cross the range of 1.2675.

NirmataFX

Notes : 1- The structure of the constituent sides is in the 5 waves triple format. 2- In MACD, convergence is in triplicate format I cannot provide a long-term analysis for this currency, in daily basis reviews for patterns, we reached this pattern in the 60-minute chart on EURAUD. All conditions are ready for a 250 to 300 pip uptrend. To confirm the uptrend,...

NirmataFX

Get ready for a powerful descending movement with an initial target of 1.2075 On the 240-minute chart, the first bearish wave has ended in the range of 1.2675 and the price has entered the corrective phase of the trend, which is probably to be completed in the range of 0.618 Fibonacci ratio. Following are the most important reasons for completion of the...

NirmataFX Updated 

IBEX the growth of Spanish stocks IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange. In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price...

NirmataFX

Dear traders please be noted!!!!! This is the 5th wave. In the daily chart, due to the price crossing the range of 1.1880, the uptrend in the wave has been confirmed. The targets of this uptrend are 1.2050 to 1.2100, besides, this uptrend should not be exceeded the range of 1.2555. By the price crossing the 1.1602 range, the downtrend will be confirmed, the...

NirmataFX

The downtrend line needs to be monitored In the weekly chart so far, we can count the structure of the sides of the C wave as 5-3-3-3 (like the Ending Diagonal pattern) In this pattern the wave 1 is in the range of 1.19048 Wave 2 is in the range of 1.43767 Wave 3 is in the range of 14098 Wave 4 is over in the range of 1.34832, to complete this pattern, we need...

NirmataFX

In the daily chart, with the price crossing the range of $ 13951, we have the main confirmation for the price increase in wave III, the price is currently in wave 3 from point III. The first target for this uptrend is $ 21,000, since 3rd Wave is always the longest wave, we can set targets of $ 50,000 to $ 60,000 for this price expansion.