WicktatorFX

WicktatorFX

Here we have the 3D chart. We could possibly be in a 335 flat correction. This would make the next wave (wave C) 5 waves. Trade idea: - Entry on break of red trendline - stops below the lows after trendline break - Targets: 14, 16, taper Goodluck and as always, trade safe!

WicktatorFX

Binance is shaping up really nicely. We are in wave X correction = 335 flat correction. Looking for wave C now. We may break below the structure in which case it will be an expanded flat correction. Entry will remain on trendline break. Trade Idea: - Entry on break of red trendline - Stoploss below the lows after trendline break - Targets: 300, 395 Goodluck and...

WicktatorFX

Following our higher timeframe overview, here we have the 2D analysis. We are currently being contained within a channel and looking for one more move higher to complete the overall correction. Trade Idea: - For a risk entry, watch for break of orange trendline and enter with stops below the lows - For a safe entry, watch for a break of the red trendline and...

WicktatorFX

In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern. We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and...

WicktatorFX

On a higher timeframe, Solana looks perfect from an Elliott Wave perspective. We have a nice 5 wave impulse for wave 1 and now we're in an ABC correction for wave 2, which appears to a zigzag pattern. Zigzag patterns consist of 3 major waves subdivided into the following subwaves: 5(A), 3(B), 5(C). We are currently in Wave B and looking for a move higher for...

WicktatorFX

As we've seen from the higher timeframe, we are still within wave 2 correction. We appear to be making a Flat correction = 335. Wave C = 5 subwaves. We appear to be in subwave 2 of C. Expecting 3 more subwaves until we complete wave 2. No solid setup yet but if wanting to trade, SHORT trades are valid unless we break above 31.8k. Goodluck and as always, trade safe!

WicktatorFX

Following on from our last analysis on Bitcoin, we moved up but it appears we're moving in a correction fashion. This indicates that we're in a correction for a move higher. We anticipate wave 2 to be completed in the next couple of months. Once we reach the structure level, we will be looking for a massive move to the upside! Do trade safe.

WicktatorFX

EURAUD is currently in a correction, which appears to be a 335 FLAT correction. We've almost completed Wave B and we're looking to catch Wave C. We believe we'll see 5 waves down. Trade idea: - Watch for break of the ascending trendline - Enter on break - Stops above price once trendline breaks - Targets: 1.65 (450pips), 1.59 (1000pips) Goodluck and as always,...

WicktatorFX

GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels. Trade Idea: - No safe entry for this trade - Risk Entry now with tight stops above the recent highs - Invalidation for this scenario will be...

WicktatorFX

Silver is currently in Wave 2 which is an ABC wave. We appear to be making a FLAT correction, which is a 335 structure. Wave A has 3 waves and now we're in wave B. We've only made 2 waves so far so we require one final wave higher to complete wave B. Trade idea: - Risk entry on bounce off fib levels - Safer entry on break of the red trendline - SL below price...

WicktatorFX Updated 

Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity. We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade. Trade...

WicktatorFX Updated 

USDJPY is currently in a 5 wave impulse for wave A. We are now looking for Wave 4 correction. In Elliott Wave Theory, Wave 4 tends to retrace to the 38.2 fibonacci. We expect wave 4 to start now and finish end of July at which point we'll look for a reversal for wave 5. Trade Idea: - Enter on lower timeframe trendline break, BOS - Stops above highs after...

WicktatorFX

In our last analysis we identified that Bitcoin was in wave 5 = 5 waves. We were looking for a break of the subwave 2 correction (of wave 3) for a move higher. We got the perfect breakout and price moved up 20%! We are now looking for continued bullish price action. The next trade setup will be once we see subwave 4 correction (of wave 3). Once that is forming,...

WicktatorFX

NZDCAD is giving us yet another opportunity to catch the big swing trade higher, which is likely to be over 1000pips. We have still not yet started the impulse so make sure to keep an eye on this! Trade Idea: - Watch for reversal patterns such as trendline break/BOS etc. - Enter on trendline break with stops below the lows - Targets: 0.855 (500pips), 0.88...

WicktatorFX

Last time we analysed Silver, we identified that we were in a new bullish phase. A bullish wave consists of 5 waves. Waves 1, 3 and 5 are impulse waves and wave 2 and 4 are corrective waves. We are now in wave 2 of the bullish impulse, which is a correction. The correction we're getting is a 535 correction, which is also known as a zigzag. Wave A has 5 waves,...

WicktatorFX Updated 

This is our bullish view on Ethereum. We are currently in wave 5 = 5 subwaves. Subwave 1 appears to be a leading diagonal, which is broken down into 5 waves consisting of 3 subwaves each. We are looking for one more move up to complete subwave 3. Trade Idea: - Enter on break of red trendline - Stops will go below price once red trendline breaks - short term...

WicktatorFX

We can see that Dogecoin is giving us a perfect example of an impulse. We are currently in wave 4 and looking for a breakout. For confirmation, we are waiting for the break of the red trendline. Trade Idea: - Watch for breakout using the red trendline as confirmation - price to stay above blue structure = invalidation level below blue structure - Targets:...

WicktatorFX Updated 

It's been a while since we analysed SHIBA. We've been in a correction for almost 2 years but it looks like we're very close to the next big impulse. We are currently in a WXY correction: Wave W = 3 wave correction Wave X = 3 wave correction Wave Y = 3 wave correction We are in the last wave of wave Y. All we have to do is wait for a breakout and join the move...