New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 


Surfing the Waves November 23 2021 - Video Update

Top



November 23 2021

Hey traders!

Below is new video analysis for EURUSD, AUDUSD, GOLD, CRUDE OIL, USDNOK and S&P500 sponsored by Orbex.com
 


Elliott Wave Analysis: LITECOIN Bears Are Back

Top



Nov 22 2021

Hello Crypto traders!

Today we will talk about Litecoin ( LTCUSD ), its price action from technical point of view and wave structure from Elliott Wave perspective.

LTCUSD sharply declined in May, which we see it as part of a leading diagonal in wave A, but it can be also counted as a five-wave impulse from the highs. Anyway, the most important is recent recovery from July's lows, which we see it as an (A)-(B)-(C) correction within wave B that has stopped exactly at golden 61,8% Fibonacci retracement , which is actually ideal resistance.

Well, if we respect current sharp decline, seems like wave B correction is completed and wave C already underway, which can send the price back to July lows and below 100 level before bulls potentially show up again, so carefully now at the end of the year.

Be humble and trade smart!
 

Elliott Wave Analysis: LITECOIN Bears Are Back by ew-forecast on TradingView.com



Elliott Wave Analysis And How Bitcoin Dropped

Top



Nov 16 2021

Hello traders and investors!

In this article we want to show you from a technical point of view and from Elliott Wave perspective why BTCUSD turned down.

On November 05 we have noticed slow price action and sideways wave structure after an impulsive move up, which usually suggests a corrective movement within wave 4. And because of contracting range, we labeled a triangle, corrective price action that was pointing higher into wave 5.

BTCUSD 4H Chart From November 05



Triangles occur in waves 4, waves B or waves X in complex corrections, but more importantly to know, triangles unfold just before waves 5, C or Y show up, which area actually the final legs that complete the higher degree trend, before a reversal occurs.

And as you can see, on November 11, BTCUSD sharply declined from projected target area after reaching wave 5, which is not a surprise as we know that in EW theory, after a five-wave cycle, a three-wave A-B-C correction follows.

BTCUSD 4H Chart From November 16



Notice that so far market made a very strong sell-off, even below the trendline support so the question is where we go from here? Well, so far a higher degree trend is still here, but if market goes below 50k then much more downside may come within a higher degree trends.

But more importantly we think traders should pay attention to gold/copper ratio and even stocks to be more confident into their crypto views. For more about this one make sure to check Grega’s video analysis from last week.



Elliott Wave Analysis: AUDJPY Is Looking For Wave 5

Top



Nov 15 2021

Hello traders!

Today we will talk about AUDJPY pair and its quite clear Elliott Wave pattern called bullish impulse.

Bullish impulse should be seen by five waves and as can see, AUDJPY looks to be trading in wave 4 correction with perfect 83.00 psychological support and with equality measurement of waves 2=4, right at the channel support line, from where we should be aware of another rally back to highs for wave 5 with room even up to 87 - 89 target area.

To confirm our view, it would be nice to see a recovery back above 84.60 bullish confirmation level, however, any bigger decline back below 82.00 level would invalidate our wave count.

Trade well!
 

Elliott Wave Analysis: AUDJPY Is Looking For Wave 5 by ew-forecast on TradingView.com



Elliott Wave Analysis: USDNOK Is Unfolding Three-Wave Correction

Top



Nov 12 2021

Hello traders!

Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern.

USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking back above channel resistance line, seems like wave (C) is already in progress, which can push the price up to 9-10 resistance area before bears show up again.

So, be aware of more upside in upcoming days/weeks, just be aware of short-term intraday pullbacks.

Trade well!
 

Elliott Wave Analysis: USDNOK Is Unfolding Three-Wave Correction by ew-forecast on TradingView.com



Why BTCUSD Bulls Can Slow Down?

Top



November 11 2021

Hey traders.

It's been a while since I looked at BTCUSD so here is my take.

BTCUSD has 5 up, correction can be seen
BTCUSD volatility is at the low; an increase usually occurs when price drops
GOLD / COPPER ratio is at support; rally will suggest limited upside for stocks
Lower stocks may trigger a weakness on Crypto.

For more details, please check the video below.
 


Surfing the Waves November 09 2021 - Video Update

Top



November 09 2021

Hey traders!

Below is new video analysis for USD INDEX, USDCAD, CRUDE OIL, SILVER AND SP500, sponsored by Orbex.com
 


<< [1-7][8-14][15-21][22-28][29-35][36-42][43-49][50-56][57-63][64-70][71-77][78-84][85-91][92-98][99-105][106-112][113-119][120-126][127-133][134-140][141-147][148-154][155-161][162-168][169-175][176-182][183-189][190-196][197-203][204-210][211-217][218-224][225-231][232-238][239-245][246-252][253-259][260-266][267-273][274-280][281-287][288-294][295-301][302-308][309-315][316-322][323-329][330-336][337-343][344-350][351-357][358-364][365-371][372-378][379-385][386-392][393-399][400-406][407-413][414-420][421-427][428-434][435-441][442-448][449-455][456-462][463-469][470-476][477-483][484-490][491-497][498-504][505-511][512-518][519-525][526-532][533-539][540-546][547-553][554-560][561-567][568-574][575-581][582-588][589-595][596-602][603-609][610-616][617-623][624-630][631-637][638-644][645-651][652-658][659-665][666-672][673-679][680-686][687-693][694-700][701-707][708-714][715-721][722-728][729-735][736-742][743-749][750-756][757-763][764-770][771-777][778-784][785-791][792-798][799-805][806-812][813-819][820-826][827-833][834-840] >>