KLCI overall perspective. Updated 5 July 2021Kuala Lumpur Composite Index probably at the beginning of last leg of expanding ending diagonal wave (c) (yelllow) ... which is wave V (green)
Expandingendingdiagonal
GOLD @ what price we could short for wave Z (yellow)? 5/7/21GOLD on its final wave down for the triple zig-zag wave. Short gold at around 1805 which is the confluence zone of 1)Next Supply Zone 2)Upper Trend line of the expanding ending diagonal pattern 3)4 hours 200 EMA resistance ..Stop Lost at 1826, target profit at around 1735
BITCOIN Whole Picture View. 29/6/21BITCOIN possible forming an expanding ending diagonal pattern in wave c (green).. We probably now at wave (B)( cyan/light blue ) of wave 3 (Red Circled ).. P/s Unlike "wrong" Interpretation of textbook written Elliot wave theory : Inside ANY Impulsive wave e.g : 1,3,5.. There always will be "ONLY" a,b,c sub waves
TENAGA. Do u think it's possible to drop till ≈RM7.00? 21/6/21Tenaga. It seem like Tenaga is forming a triangle pattern on wave 4 (yellow)..Price Could reach at around Rm7.00 on around late August/ Early Sept..AND completing its expanding ending diagonal pattern
GOLD. Is Pullback done? Probably Not. 5 June 21Gold maybe is forming an expanding ending diagonal, Short at around 1900, ( where is an intersection of down trend line with pitchfork median line ). Stop Lost at 1910..Target Profit at around 1840 << where there is an intersection of 1) 4h 200 EMA 2)Pullback Zone of Long Term Down Trend line Breakout 3) Pitchfork lower support line..>>
$TVKBUSD - End of the correction nearsHello everyone!
TVK is about to complete the correction and resume the uptrend.
I highly believe that the ABC correction of TVK is complete and it's turning bullish now.
The confirmation of another bullish run would be above 0.7350.
$AAVEUSD - Correction aheadHello everyone!
AAVE formed an expanding diagonal and just now tested the dynamic resistance, though the impulse is strong, I believe it will correct here.
TP levels are on the chart. Trade with caution, do not forget about risk management
$XLMUSDT - Stellar looks upwardsHello everyone!
Good to see the crypto market recover after a heavy downfall. When Global markets go to sleep, the crypto market which never rests shines.
Here is another very possible jump of one of the altcoins - Stellar Lumens XLM.
The pair has tested the lower edge of the expanding diagonal, hence should jump now to test the upper edge.
EUR GBP Expanding Diagonal Pattern? may take the pair to 0.93000EURGBP may be trading in an ending expanding diagonal pattern which could take the pair slightly above the A wave high of 0.9291. Invalidation is 0.8861.
$BTCUSD - Bitcoin will hit $19652Hi guys! 👋🏻
🔔 Bitcoin is an asset-champion this year with a YTD return of 160%. Analysts of major corporations like J.P. Morgan say that Bitcoin may double or triple in the coming 3 years.
🔔 Since Gold is centralized as it is owned by Central Banks and Bitcoin is not, Bitcoin attracts more and more investors, evading the volatility that government organizations may incur.
🔔 Many analysts are bullish on BTC/USD and many predicted that the price will hit $20 000 by the end of the year, which still looks achievable.
🔔There are two patterns to watch in this price action of the pair, one of which is an expanding diagonal, the other is a parallel ascending channel, both signalling the continuation of the bullish run.
🔔 There are two major resistances up ahead, one of which is the area of the previous high of $18 970 and $19 000 and the next is at $19 652.
See bullish confirmations on an Hourly chart
🔔 MACD on an Hourly chart already is about the signal line, and there is a strong support by EMA50 and MA100.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Maximum pain with an expanding ending diagonalBitcoin:
Hidden Bullish divergence on the 12H RSI, confluent with trendline support of a potential expanding diagonal triangle to complete wave 1 of a larger 5th/C at around $13k.
Expecting a SFP rejection from $13k and a short-term correction to follow with major support at $11.1k and confluence of major support between $10.2-10.3k where there is a strong weekly level and a 4H order block which I suspect will be tested. Should only be a wick to these levels with $10.5k holding on a higher TF close.
12H Hidden bullish divergence:
KLCI will make history high again! Before having>50% discount!Expanding Ending Diagonal Pattern. Detail @ The Chart. p/s Inside any Impulsive there is only abc subways
SPX 7 Nov '18 Navel H level need to be hold before losing fat...Detail @ the Chart..P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
SPY Big Down Move AheadApparent expanding diagonal completing D wave. E wave down sure to be a doozy.
$WTI Daily Chart.More downside, Eyes 36.00 | #crude #oil #USOilTraders,
USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal.
A-B-C (circle) possible expanding flat corrective structure pattern.
1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23
2 - Wave-B (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 55.21, right on 23.6% fib extension of wave-A(circle)
3 - Wave-C (circle) possible expanding ending diagonal, internal 3-3-3-3-3 structure, targeting 36.00(+/-), where 23.6% fib extension of wave-A(circle) is, 61.8% fib retracement of
1-5(circle) impulsive motive and also it's where (i) to (iii) equals (iv) to (v).
Another close target could be where 4-wave's (circle) low is (35.27).
After completing this downside, watch for the next uptrend start, and buy the next (C) wave.
Trade with discipline.
Best
$EUR vs $GBP 4H Chart.Hi-Prob. Reversal Near 0.89790 |#eur #gbp Traders,
I'm publishing EURGBP 4H Chart even if you can find my view in a daily log scale in my published ideas, for a closer view and a better understanding of the structure and the targets.
Daily Chart
Since 06.10.2016 the pair has started the correction developing a five-wave sequence, A-wave (circle) ending at 0.83046.
So far B-wave (circle) has possibly unfolded into an expanding flat developed into 3-3-5 internal structure - -
1 - Wave- developed into a ZigZag internal structure 5-3-5, ending at 0.88523.
2 - Wave- developed into a more complex Zig-Zag with a deeper b-wave, ending at 0.82970, slightly breaking -wave's origin (0.83046) for 7 pips. With that in mind and if the wave was developing into a 5-wave sequence, we could expect a break of -wave's end, extended up to 23.6%fib - 38.2%fib extension.
3 - Wave- developing into a 5-wave motive structure, expecting internal (5)-wave to develop into an expanding ending diagonal, ending at 0.89790(+/-), where many Fibonacci measurements cooperate, pointing a High-Probability reversal target.
If price finally reverse, a big drop is expected, targeting 0,79550(+/-) with a 5-wave motive C-wave (circle), completing the correction with a Zig-Zag.
Trade with discipline.
Best
