marketpainterPH

marketpainterPH

Our #SPX wave analysis corrective relief upside rally has been realized but looking at this Daily Timeframe chart, price has now breached the 0.382 fib retracement of the previous impulsive Wave (1). We continue to remain bearish should the 4600 will not be retested as soon as possible. Should the index challenge that hurdle in an impulsive manner, this analysis...

marketpainterPH

#GBPUSD may potentially be on its completion of the old trend and market structures are now showing an indication of a possible shift in trend. Should price continues to move and make a new higher high above 1.2423 last high after FED neutral stance but BoE keeping its rate but with a hawkish stance, this catalysts could potentially fuel this technical rise in the...

marketpainterPH

#SPX Shared Bearish Analysis unfolded and confirmed by market by dropping from the 4600 psychological level to its current level nearing 4100. In an Elliott wave perspective, the index may potentially be ending its 3-wave corrective phase near the 1.618 fibonacci extension and may therefore soon find a relief corrective bounce.

marketpainterPH Updated 

As the chart progresses, old post was shared wayback Dec 2022 when the index has completed the Wave A leading Diagonal, the 1st impulse of the 3-wave corrective of the bigger cycle. Currently, Wave B might have already topped off on the rejected 4600 zone. I'm seeing a potential 3rd and the last impulsive of the greater corrective cycle which is at an unbelievable...

marketpainterPH

#Gold, after almost 2 weeks of rallying after NFP friday which declined to its last tested low of 1810 had sharply rose to as high as 1962 amidst geopolitical tension in Israel-Palestine. By elliott wave principle, there already occured potential 5-wave structure in an impulsive nature. Afterwhich the safe haven metal could potentially is susceptible for a decline...

marketpainterPH Updated 

TVC:GOLD has been in a corrective phase since its last major swing high at 2081 to current 1847 as of this writing. After making its MSL(minor swing low) at 1893, it made its MSH (minor swing high) at 1987 which failed to sustain and was therefore confirmed to be the Lower High of the existing downtrend. Currently #Gold is targeting a Major Swing Low which could...

marketpainterPH

The US 10-YR Government Bond Yield is at risk of breaching further to as high as 5% which will then weign in more on the other safer haven yellow precious metal #Gold. A rising yield for the past years since Covid erupted has brought pressure on both equity markets and Gold was never an excuse for this.

marketpainterPH

#GBPUSD Daily Timeframe As of September 29, 2023 The pair has been in a massive decline for 11 successive weeks since July 16, 2023 falling about a sharp 974 pips from its 1.30 to as low as 1.21 psychological levels. In view of this, the pair may also potentially prepare for its relief corrective bounce which in our presented chart has a potential risk of -50...

marketpainterPH Updated 

US Dollar index upside is now limited at price is about to approach a golden ratio of 0.618 at the level 106 which also serves as the psychological level. Going back a year ago, 28th Sept 2022, DXY did hit its Multi Year High at 114 which incurred severe correction until the lows of Feb 2023. We shall therefore anticipate major reversal from the different major...

marketpainterPH

#EURUSD has potentially ended its expanded flat corrective structure Wave B and could possibly be showing signs getting ready for the next motive phase Wave C.

marketpainterPH Updated 

This expanding diagonal wave A is completed and potential wave B has yet to finish. But are we actually heading for another sharp bearish trend for the stock market?

marketpainterPH

#XAUUSD has rallied for the 3rd day today after several weeks of decline from its main trend which is downside. We may able to find some rejection from current top at 1912. Main trend remains bearish.

marketpainterPH Updated 

Weekly FVG at 1870-1885 is a key zone to consider and could be a potential demand area. Gold has been trading on a clear downtrend after FED's hawkish stance in raising another 25 bps in interest rate from 5.25% to recent 5.50%. This decision put heavier weigh on this yellow metal. Short term: Buy levels, 1870-1885, keep stops with 10$-15$ tolerance Short term...

marketpainterPH Updated 

Buy Set up Chart below in H4 Timeframe is a potential reversal pattern for TVC:GOLD A break above resistance trendline at 1935 would be the confirmation level. Set stops below last tested lows.

marketpainterPH Updated 

CRYPTOCAP:LTC on its scheduled halving this year, is potentially to set and break a record new high after this triangle is completed and validated. @marketpainterPH #elliottwave #LTClong #buyLTC

marketpainterPH

Timeframe: H4 An expanded flat is a potential corrective wave 4 of A and a probability that wave 5 is yet to complete the impulsive Wave A to the levels 1906-1913. A break below 1932 last swing low will confirm and validate this analysis.

marketpainterPH

BTC Daily Chart | Elliott Wave Analysis Bitcoin may take the corrective wave (4) in a form of flat (regular or expanded) and recommended buy is at 0.618 fib retracement of the impulsive wave (3) which is at 26.6k$. Target for the Impulsive wave (5) is at 34k$ or the equidistant to the height from the Inverted Head to the broken neckline (which confirmed the...

marketpainterPH Updated 

US10YR has been rising after the completion of what looks to be an expanding leading diagonal wave A and currently now may be in terminal level for the corrective wave B which could possibly reach at or below 4%. The yield is often related to the USDJPY pair and it is noticeably mimicing the pairs growth since its last drop from 129 level to current's 134. The...