- Gold create a surprise and pushed for extended wave 5. - To my eye, wave 5 might be in a shape of contracting diagonal. - It's better to be flat for this move and avoid a whipsaw.
We can get a good overview of the correction in the weekly chart. The ABC correction is beginning to find support levels, but it hasn't tested the major gray zone at 0.040. Of course it doesn't have to, but this would be a good level to look for long trades. Once the purple level (at 0.0667) breaks, I'm definitely bullish.
Here is the market outlook on Gold (XAUUSD) for next week from 20th of May to 24th of May. It is a clear projection of what is mostly likely to happen on Gold next week. In monthly timeframe there is a stronger gain this month almost covering the whole rejection formed in the April candlestick. This is a clear indicator of buyers dominating the price in this...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
One of my big technical analysis passions is time analysis and time cycles, and I tend to follow them closely. Some of these are very helpful when in combination with other TA, to find reversal points at any given time frame, even though I don't do intraday trading, so I focus on big swings, though bigger time frames. Bitcoin's periodicity is remarkable, and we...
Putting on my bear hat this morning and reflecting on how difficult the move up from October 2022 low has been to interpret, from an Elliott Wave perspective. If you were trying to convince yourself of a major market top and completed five-wave impulse, I think this is how you'd have to do it. Wave ((5)) ends of being an expanding ending diagonal off October 2022...
LSE:TIA has been in a bearish trend since Feb2024. I expect it to visit the range between $6.5 : $5.0 before the correction ends. Passing $12.5 invalids the idea. The target if it either passes the invalidation point or drops to the buying range would be a new ATH. The cancelation is below $5.
- Gold is moving very impulsively to the upside - We're more than half way into the move - The projection now is that gold will reach 2500-2520 without major pullacks
Gold once @babaeicapital Tehran Iran Elliott wave analysis Majidbabaeiasl 2024 may 17
The rebound should continue and then final reset. It's very interesting
Some very interesting developments are brewing up in BTC. My followers know that I have been bearish on BTC despite its recent flare-ups. The count is slowly revealing itself. Now I have two scenarios, the red one advocating a strong selll-off very soon. The red has two variations: i) almost immediate sell-off after completing a narrow diagonal, and ii) the...
AAPL bigger picture on monthly chart, possible a more than 70% (-74.29&) drop on year 2025 toward 72.63 +/- which is multi confluence zone of 1) Monthly 233 EMA ( thick white MA line) 2)Upper Support of parallel channel ( blue line) 3) Yearly Support Zone.
Now the growth can end at any moment and then there will be a fall down to the level of 2009. It could be head and shoulders
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
AAPL still forming a triangle pattern. Probably a -14.90% drop by end of May ( so sell in May still working") or early June.
FX:EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive. The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not...
SOL is on his way to complete the ABC zig-zag 1:1 around 169$ - 178$ as correction of the first 5 impulse waves down. Then fallow the second leg or the another 5 impulse waves down which will complete the long-term ABC correction. A very likely target is the long-term swing fibonaci tetracement at 0.618 around 85$. If the current ABC complete at above target...