Elliottwaveforecasts
Could I have cracked a code! US30, DJIA, Dow JonesIf we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is the peak of the (4th) part of the wave, we could see a down turn from here to the 5th and final leg down to the Dow being approx. 26,811 in 60 days OCT 17th 2022.Then a possible bounce back up from this market correction.
ETHUSD in next month Hi
A prediction of ETHUSD is done by elliot wave analysis.
Based on this idea, we are at the end of third wave of 5th wave of first impulse wave. On this situation, This crypto can be correct to 1810-1850 and then raise to 2100-2150. Then the correction of wave will be began to1560-1640.
Have a good trade
Yours
Nasdaq New Wave CountScrapped the old count and onto the next most probable count. We are still completing the A Wave of Primary degree within a Cycle wave 4. This A wave has developed into an expanding triangle and is within a 5th wave of E, hence closing up to completion. If this is an ABC correction B wave will make new all time highs. This is because the closest alternative to an ABCDE triangle formation would be a wave 1 leading diagonal and since wave 2 can't retrace more than 100% of wave 1, any correction falling short of all time highs should be considered a wave 2 of Primary degree within a Cycle degree ABC wave 4 pattern.
Bitcoin Elliott Wave Intermediate WXY in Primary 4As an alternative to the ABC count bitcoin could also be in a combination wave from 69k which is evidenced by the price structure that appears as 3-3-3 in each wave. In this pattern, wave Y should not exceed the 1.618 of intermediate (W) which is around 11,000 or so.
The main difference between the WXY and ABC counts is the maximum depth of the correction. ABC allows for a lower wave 4 end point because wave C can be the 1.618 or greater of AB.
BTC Elliott Wave Long Term View As far as I know, the Brave New Coin Liquid Index (BLX) has the most complete chart of BTC. Looking at the 1M chart, we can observe that BTC halving events appear to always kick off wave 3 impulses. In the first halving, we can see a blow off top in the minor 5 of intermediate (3). The second halving, takes in minor 1 of intermediate (3) and the third halving also takes place during minor 1 of an intermediate (3). Most counts, regardless of the Elliott Wave pattern interpreted by the Elliotician puts us in a wave (4) either in an expanding flat or a WXY. Both the triangle in (4) and running flat with a leading diagonal in (1) of ((5)) ideas have been invalidated. There are arguments for cycle I being complete but looking at the duration in time of each wave it feels unlikely that this would be the case. Right now, the WXY in intermediate (4) of primary ((5)) is my main count with either the expanding flat or the cycle 1 complete counts being my alternates. As such, I think we have a strong chance of dropping down to around the $17,000-$18,000 before the bull run towards $100,000 begins (123.6-161.8 of the inverse of intermediate (3) and (4)).
EURAUD Breaking Trendline Support-Bearish Ellliott Wave count EURAUD is still bearish, it's coming down in five waves, below the support line on a daily channel which can put more weakness in play for weeks ahead. However, be aware of a rally, which can be in three waves back to 1.5-1.5100 before weakness resumes. Also, keep an eye on tocks; any further gains can be supportive for the AUD in risk-on envroment traders will get more interested in AUD rather than EUR. It has a lot to do with rates, inflation that is much lower in Australia, and then of course with the Ukraine-Russia situation.
Elliott Wave TD D-Wave Bearish Trend in EURUSDOANDA:EURUSD
Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995 following the support tool.
BNBUSDT broken out of falling wedgeBNBUSDT has broken out of the falling wedge pattern, am not bullish yet unless for scalp, because we are still in the corrective pattern imo.
Resistance at 230 area is still strong, there's possibility that BNB continue its correction downward to psychological 200 area, before continue to the upside.
Bitcoin Cycle And Sentiment AnalysisHey guys,
Hope all is well. Bitcoin is still trying to find a support, but I think that whenever the price and time of two pullbacks are similar then we should pay a closer attention to it, because most likely the sentiment is also very similar compared to the previous cycle. However, confirmation that we are back in uptrend would be above 33k.
Also, lets not forget on the FED; if US jobs data will be bad through the summer then they may slow down with their current hawkish policy and this could be support for stocks. In such case, I would watch the AMD stock where a bounce from 70/75 area may have a positive impact for cryptos as well.
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