marcyacoub

marcyacoub

As predicted, EUR/USD managed to reach the target I talked about 1.19000 which is the beginning of the falling wedge with 5 waves up. For now, I will be waiting for a correction in order to buy again. My first target for the ABC correction will be the previous wave 4 around the 1.1790 area. If it manages to break it, the price will retest the previous wave IV of...

marcyacoub

After retesting $1,680, Gold went 5 waves up and looks like it is finishing its 5th wave now, thus I expect to see a small correction to the downside to retest the daily trendline and the previous wave 4 (the $1,783 zone) before continuing its way up. For people who like to take a little bit of risk, you can short gold now until we reach $1,800-$1,790. My...

marcyacoub

As you can see, EUR/NZD is trading near the 50% Fibonacci Retracement level and inside a falling wedge formation. Quick tip: Most of the time, DXY is positively correlated with GBP/AUD, GBP/NZD, EUR/NZD, and EUR/AUD. If you look at DXY, it is also trading inside a short-term falling wedge formation, and if it manages to break out to the upside, we may see a...

marcyacoub

EUR/USD completed 5 waves up and managed to reach the 100% Fibonacci Extension from wave 2 to wave 3 to wave 4 according to the Elliott Wave Principle. Since it rejected the 100% Fibonacci Extension and didn't manage to break it, I expect to see an ABC correction to the downside before continuing its way up. Our first target will be the previous wave 4 of wave...

marcyacoub

EUR/USD finished 5 waves down, broke the falling wedge to the upside, and managed to retest the previous wave 4 at 1.18073. According to the Elliott Wave Principle, the previous wave 4 is a very critical zone, and not breaking it will cause a move back to the downside. Additionally, after recording a new low at 1.1660, EUR/USD went 5 waves up retesting 1.18200,...

marcyacoub

Update: BTC/USDT looks like it finished 5 waves up inside a rising wedge formation after retesting the 61.8% Fibonacci Retracement level ($50,000) which is a psychological level and could be considered a strong take profit area. Since the price broke the lower trendline with a 4H candle, we may see a correction towards the previous wave 4 at $44,500 which will...

marcyacoub

GBP/AUD finished 5 waves up (grand cycle) inside an ascending formation which was broken during the first wave A of its big corrective cycle. From a price action perspective, when the price breaks an ascending channel, our target is always the beginning of the channel which is 1.58815 (long-term target). From an Elliott Wave standpoint, it looks like the price...

marcyacoub

CAD/JPY went 3 corrective waves down (WXY) and retested the weekly trendline which you can see in yellow down below. Also, we can spot an inverse H&S pattern that was broken to the upside, and the price managed to retest the neckline with a bullish flag which is known to be a continuation pattern to the upside. Our first target will be the 76.8% Fibonacci...

marcyacoub

Looking at the daily chart, BTC dominance went 4 waves down and managed to break the triangle, which is a continuation pattern for more downside. Since it managed to break its 4th wave, I expect to see a 5th wave to the downside to target the 61.8% Fibonacci Extension at 35.00 and the 78.6% Fibonacci Extension at 32.07 as our second target. What is Bitcoin...

marcyacoub

In my previous update, I was looking at BTC/USDT from a very horizontal perspective and I predicted to see a retest towards the $39,000 area before continuing its way down. However, the price ended up breaking this zone and managed to reach the $47,000 area. Cryptocurrencies are all known for doing long and annoying retests after breaking a certain structure,...

marcyacoub

AXS/USDT went 3 waves up with wave 3 containing 5 waves inside. What's interesting is that if we use Fibonacci Extension from wave (ii) to wave (iii) to wave (iv), we can see that we reached the 100% Fibonacci Extension and managed to close below it on the daily chart with a wick which indicates that we might have finished big wave 3. Moreover, I expect a...

marcyacoub

Sent this trade to my premium community members. Our first target is 110.05. Breaking it will push USD/JPY for more downside towards the beginning of the rising wedge at 109.42. Also from a fundamental perspective, we have the CPI data today which will definitely cause some great volatility.

marcyacoub

All major currencies were correcting to the downside as people were thinking that higher inflation in the U.S. will push the Fed to higher interest rates. However, GBP/USD is showing a start of a new bullish cycle for major currencies which indicates the probability of USD pairs to start their bearish cycles soon. As you can see, GBP/USD went 4 waves up. The...

marcyacoub

If you remember my analysis on DXY (Daily Chart), I predicted big wave C to retest the previous wave 4 at 93.50 before continuing its way down for a new bearish cycle. Zooming at the 4H chart, Wave C, which was constituted of 5 waves up with wave 5 as a rising wedge, broke out and started its ABC correction which could be considered new wave 1 in the new cycle....

marcyacoub

Price Action. Keeping very short and simple. Aim for 1.370017 and 1.324762.

marcyacoub

I'd love to see shit coins like this go back to their real value which is 0. Expect to see a great parabolic move. The market went up 2% today compared to NEW/USDT going up 40% for no reason other than hype lol.

marcyacoub

LINK/USDT finished 5 waves up with wave 5 as a leading diagonal which looks like it will be broken soon. Since LINK/USDT also finished 5 waves inside the leading diagonal, I expect the price to break out now for its ABC correction to target 21.097 as a first target, which is also the beginning of the leading diagonal. Breaking 21.097 will push the price towards...

marcyacoub

Very simple setup on NZD/CHF (Weekly Chart). Using only price action, NZD/CHF broke the descending channel and retested it with another descending which I expect to be broken for a great impulsive continuation to the upside. My long-term target for this one will only be the 100% Fibonacci Extension at 0.70794. Breaking this level will push the price for more...