WaveSavvyTrades

WaveSavvyTrades

The weekly chart seems to show that there could be further correction to the upside before the final dive. I have extrapolated this to the daily chart and they seem consistent. If this hypothesis is correct, I expect a bit more of a correction to the upside to complete wave 2 (price level of about 144.95 - 145.2) before the big dump. If price gets to wave 2, it...

WaveSavvyTrades

This symbol seems to have currently completed wave 4 in a broadening wedge. If the resistance of the wedge holds, I expect price to begin impulsive wave 5 down to the 149 level. NB: If you are enjoying my wave analysis or they are useful to you in anyway please like and follow me.

WaveSavvyTrades

Watch out for break down of the triangle for major impulsive wave 3 down.

WaveSavvyTrades

The price of this symbol has been very choppy after breaking down out of the rising wedge in December 2022 and going all the way to the 137.4 level (wave 3 down). We have finally seen some structure in the price at the resistance of a chart pattern (wave 4). If the resistance holds, I expect price to complete wave 5 with a target of 135-136.

WaveSavvyTrades

Just like BTC, ETH has also been following an elliot wave pattern. If price breaks down from the current triangle, we could be possibly heading to double digit price or probably zero.

WaveSavvyTrades

This symbol has been very choppy since November 2022. The market has finally shown its hand by enclosing the price action in a rising wedge chart pattern. Further, the price pattern suits what can be described by Elliot wave. By the Elliot wave theory, the price has completed the 5-wave formation and an irregular correction which completed at "b". If our wave...

WaveSavvyTrades

Just like the major indices in the US, BTC has been trending down in an Elliot wave pattern. Price has completed waves 1, 2 and 3 and it is currently undergoing an a-b-c correction to complete wave 4. My suspicion is that wave "c" correction may end at the same level as wave "a" (August 08, 2022 high). Now when price completes wave 4 at "c" any of the following...

WaveSavvyTrades

Similarly to the SPX, the NDQ has been correcting to the downside in a wave-like fashion following, and the downward correction fits what could be described with Elliot wave. Assuming the wave hypothesis, the third wave to the downside just like the SPX began on August 16 2022. Price has currently completed the first minor wave of Wave 3 (wave 1 of Wave 3) to the...

WaveSavvyTrades

Following the big explosion to the upside from money printing by the FED and other major central banks and inflation, this symbol has been correcting downwards in a wave-like fashion. The downward move seem to correspond to that which could be analysed by Elliot waves. If the wave hypothesis is correct, the third wave to the downside for the symbol began on...

WaveSavvyTrades

Following October 2022 low, this symbol has been on the move up to completing a five wave formation which could possibly turn around at the August 2022 high (resistance). Further there is significant RSI divergence between November 2022 high (wave 3) and current price. With this, there could be a high probability that the resistance may hold and price may turn...

WaveSavvyTrades

Simple markup but could be worth some big benjies. We bounced off from the downward trendline resistance in the higher timeframes again this week (I know many people have been observing so did not want to bore you with image of it). Price made some big decline from around 4K+ to the 3.9K region following the bounce off. Now price has been retracing on the decline...

WaveSavvyTrades

This symbol is currently retesting the resistance zone of May 2022. If the resistance zone holds, price could go down to the 1.05 area which is the ceiling of the support zone.

WaveSavvyTrades

This symbol seems to be closer to the top compared to other JPY pairs following recent uptrend in JPY pairs due to monetary policy divergence between other major central banks and the bank of Japan. Following recent decline after BoJ's announcement of an uptick in yield for the 10-year bonds, this symbol and other JPY pairs experienced a sharp decline. Recently...

WaveSavvyTrades

Awesome opportunity on this symbol. After the sharp decline following BoJ announcement of increasing yield range to +25, this symbol has been gradually retracing. The current structure shows a rising wedge with a broken support. Inside the rising wedge shows a head and shoulder pattern and price has currently retraced back to the 0.5 fib of the right shoulder...

WaveSavvyTrades

Since the low of DXY in December 2020 at about 89.9, this symbol has been trending upward in a wave fashion. Price have formed major waves with subwaves in an increasingly upward trend. At the moment, price has been retracing with a corrective abcde formation. The correction is currently approaching 0.786 fib (104.07) which is also the support of June 2022. Taking...

WaveSavvyTrades

As discussed in my earlier analysis for this symbol "GU approaching resistance zone: Massive shorts AHEAD!!!", I have updated my earlier bearish bias with wave analysis in this post. Price is currently completing or completed wave 4 of wave 5 of wave 5 of wave 5. Price needs to complete wave 5 of wave 5 of wave of wave 5, then the opportunity for the big sell may...

WaveSavvyTrades

This symbol has been trading in a rising wedge and the price is approaching the resistance of the wedge which is also in confluence with the resistance zone of 1.2150 - 1.2250. Further, the RSI is also contributing to the bearish bias by signalling overbought. If price reverses at the resistance zone, then it may be possible to realise TP1 - TP5.

WaveSavvyTrades

This symbol has been choppy in the past ten days. The price has been consolidating in a rising channel. Usually a rising channel indicates bearish. With the channel's resistance in confluence with the resistance of (9th November 2022) in addition to an overbought RSI, could this be where we start selling? Could be possible. A break above the channel could expose...