26700 can still be reached, as long as 24000 holds. Below, it increases the odds of a protracted, significant multi-month correction to 20500-22800. “first at 25864 (blue, 25% chance that the green ...
From my experience, the up and down patterns formed by the price movements of the market, called Elliott Waves, are unpredictable in themselves. In practice there are simply too many possible ...
When most people start trading in their own accounts, whether their style is to trade frequently for the short-term or to take a longer-term, “swing trading” view, they are inclined to look for a ...
Note that wave (c) didn’t breach the bottom of wave (a), which makes this correction a running flat. This type of retracement means that the forces in the other direction are strong and it is usually ...
Descending Wedge: DOT is breaking out of a falling wedge pattern. Elliott Wave Structure: A W-X-Y-Z corrective wave is likely to be completed. Fibonacci Resistance ...
When it comes to Elliott Wave principle, the most important thing for me is to focus on clear wave structures. I don’t want to spend time on price action that is messy, choppy, and very hard to read.
We expect a slight (50-75p) pullback before the next leg higher kicks in, ideally to 7000+, possibly as high as 7120. Then ...
Bitcoin's (BTC) resurgence this year has convinced many analysts the crypto bear market has ended and the path of least resistance is to the higher side. QCP Capital suggests otherwise. According to ...
We recommended buying more stock on April 7th due to a Green Zone reading in our Master Sentiment Indicator and a peak in the VIX. We expected an intermediate-term rally lasting two to six months, ...