ETH has broken the wave 1 down’s low so we are now in wave iii of larger wave 3 down, which should be followed by wave 4 bounce and wave 5 down continuation. As per waves equality, wave 3 will be equal to wave 1 around 1250. So that’s the minimum we’re expecting though wave…
Dollar index is moving as expected. On daily chart, wave 2 was completed yesterday and we seem to have started wave 3 up now. Within wave 3, we seem to have completed minor wave i and doing minor wave ii now. Minor wave ii could do 50% retracement or even 61.8% but I think it…
Monthly chart of Dixon Technologies looks super bullish from Elliott Wave perspective. Long term impulse wave that started around 400 in August 2019 ended in October 2021 after making an all time high at 6243. Since then, stock has been in correction mode and seem to have completed zigzag (abc) correction in June this year….
Update (19th September, 2022) – CAC seem to have completed wave 2 now and we seem to be in wave 3 down. Here is the latest chart. From recent swing high in August around 6608, CAC has fallen in 5 waves which means it could be either major wave 1 or a fresh impulse or…
Here is daily chart of Ethereum. From the recent top made on 14th August, ETH has fallen in clear 5 waves which tell us that near term trend is down. We currently seem to be in corrective wave 2, though it might already be over since it has retraced 38.2% which is the minimum we…
Google has moved down from January 2022 top made at 151.55 in 5 wave impulse. It could be either wave 1 or A and now seem to have completed wave 2 or B. Either way, stock is starting wave 3/C down which could go to 82 or lower levels as per wave equality. From wave…
Here is daily chart of AUDUSD on 27th August. We seem to be in wave 3 down currently which should go around 0.67374 level before we have a bounce in wave 4. Overall, this impulse down might go near 0.66 levels in days to come.
I have refrained to analyse Torum so far since it’s relatively new and for counting long/medium term Elliott Waves, there has to be enough (a few years) data. Today I was able to count a clear 5 wave impulse up in daily chart hence decided to give it a go. From July 13th, Torum went…
This is weekly chart of Bitcoin. From start of 2019, Bitcoin (BTC) has been in a clear 5 wave impulse which ended in September last year after seeing a peak price of $69K. Since then BTC has been in corrective mode. Earlier it looked like regular zigzag (ABC) correction and my assumption was that downside…