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Elliotwaveanalysis

Crude Oil Consolidating Within UptrendCrude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market suddenly breaks below $84, there could still be support around $83.50, justifying a more complex pullback for wave four, but still indicative of a correction.
NYMEX:CLK2024Long
by ew-forecast
Dogecoin - Ending diagonal triangleAn ascending diagonal triangle is a bearish sign and is usually followed by a sharp drop in prices, at least to the level where the triangle started. Fifth wave lengthening, truncated fifth wave, final diagonal triangle - all these patterns contain the same fact: an upcoming impressive change of direction. The sign of the overlap of waves 1 and 4 and the convergence of the wedge-shaped forming lines remain the same as in the final triangle. However, the subdivision into waves is different, drawing a 5-3-5-5-3-5 pattern. The bottom for the pattern of in the short term figure is 0.082 EUR or 0,088 USD. Good luck in your trading and have a massive profit.
by dogecoin_chain
Simple chart analysis for EURUSDRecent news downtrend E.W. finished on m15 timeframe, but H4 and H1 timeframe don't have the structure. Therefore, another bearishtrend should form to complete the E.W. on the higher timeframes. Bullish E.W. on m15 will start forming. I used a repeated 0.40% zones for retracements, but probably will go directly to 300%. Note: Probably whales where thinking on getting the reverse of this downtrend, so it will be beneficial for the market to keep falling. There's a volume correction that haves to be done on M1 timeframe. It is likely that this year will end chart doing the correction. The correction is on 0.96k
Short
by Ftradorex
🐳Cardano will Go Up Again🐳Hi. BINANCE:ADAUSDT ✅Today, I want to analyze ADA for you in a 12h time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .also a bullish Divergence (RD+) on MACD which shows Positive Signs for CARDANO. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. 🟢 Bullish Divergence ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
EURUSD 4H ~ Based on Elliot WaveElliot Wave to predict waves with the help of angles Present forming structure is similar to the first E.W./ A to B trend of triangle pattern. If so, then, the fibonacci can be from 0 to number 2 peak of E.W., and can be used same way to present forming structure. It can reach higher then 300% but not smaller, so tp is secured on 300. Notice how on each wave number 1 and 4 peak of E.W. doesn't touch each other. I jumped the wave that touches number 1 peak, taking it as phantom wave, selecting the next one for better structure. Angles are not used to much but I found out they are good to predict time and price limit range. They have this pattern that leads to a simple reverse prediction. Example: start point should be in a LL or HH. 89°> is the first peak. 87°> is the second, and 86°> is the third. Degrees can be repeated but can't be greater then previus peak. After three important peaks, it will start the reversal getting lower and lower. It can be aplied in reversal too, but instead of degree getting smaller, it gets higher and in three peaks should reverse; example: 55° first peak, 66° second peak, then third peak would be 77°>. All with the same arrow. Even so, it can't predict how high or low chart will get once reversal is done, that's why I use it with Elliot Wave and fibonacci. Other tools that I use is volume balance (or volume correction) but, this is an unofficial strategy, from what I know. Which is the way chart do the same amount of volume from a high volume candlestick, , and the candlestick that reaches it. By applying it again, the candlestick that completes the end of total volume use it to apply an extremely repulsive and atraction zone by adding lines on the HH and LL of the candlestick. Chart reaches around 300%~423% usually, but can get higher. It weakens when zone is already used at least two times. Additionally, it can lead powerful trends to the 300% of the HH and LL of the volume correction. The other path arrows you can ignore them, they are more for personal use. Bye.
Long
by Ftradorex
4
GTAI's Situation: What Shall we Expect!!Hi. GTAIUSDT Today, I want to analyze GTAI for you in a 12H time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). 🔵We have a Bullish Structure here GTAI formed a falling wedge on 12h timeframe🤔 Up we go if we do breakout , ended correction waves, & starting 5th impulse waves. also a bullish Divergence (RD+) on MACD which shows Positive Signs for GTAI. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 5th waves. 🟢Bullish Regular Divergence(+RD) Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
7
Dogecoin - Facts & targets analysisWe see following facts: 1) Facts for go down: The probability that we will go down is higher than vice-versa. You can see this on 2W time frame; According to Elliot waves principle the Triangle appears in the wave 4 position, more frequently than vice-versa. Moreover the target of this triangle formation is already reached; DXY is rising, there are prerequisites for continuation of this movement; 2) Facts indicating go up probability: Every time when Dogecoin SMA 280 & 938 crossed each other we have seen pump! The first pump was in 2016 Aug +9000%. The second pump was in 2020 Nov +27000%. In case of confirmation of the crossing we could expect growth comparable to the first pump. In case of go down the bottom is around 0.008; I personally do not care which scenario will work out, because ready for both scenarios, by managing orders volume & risk/profit ratio. Hope you too. Good luck everybody and have massive profit.
CRYPTO:DOGEUSD
by dogecoin_chain
DAX, will this be the end of the bullish cycle wave?Hallo everyone, markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past. Also my wave count is pointing to an fifth wave of a fifth wave. 18000 will be a psychological barrier I don't expect the price to go over easily and we are facing the 1,618 extension level from the last wave at around 17700. I will work with several positions starting from 17700 up to 18000.
CAPITALCOM:DE40Short
by Kyrean
5