1. Oversold RSI 1h. 2.Downtrend breakout 1hr. 3.Head and shoulders ongoing formation 5 min. 4.Market at respectable 1 hr support.
Clearly DXY is in a bearish pattern. I expect to start a ABC EW correction and with potential to reach 1.618 Fib - around 94.47. Let's see how this plays out. Let me know your opinion on this and please be polite.
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). Risk Analysis / Risk Assessment: - Major Trend: Bullish - Which Wave Count Scenario Has Higher Probability: Definitely the Main Wave Count Scenario. - Should I Go Long?: No, Not Now. - When to Confirm Bullish Trend with High Probability?: On Breakout Above 107,240. Details: Since the 89,0256.69 Low, we are witnessing a corrective wave following the completed wave (i)-orange, which I mentioned in my last analysis of BTC, so this is a good opportunity to review the upcoming outlook. Wave (ii)-orange is completing as a Combination Double Three. Its y-grey wave may need a little more time to complete as a Triangle, then wave (iii)-orange will move higher. Alternative scenario: Wave (ii)-orange has ended, and wave (iii)-orange has started. (Less likely, lower probability). Conclusion: Need a little more time. Or when the price breaks through 107.240, it will immediately trigger the alternative scenario ALT, and wave (iii)-orange can move much higher.
Gold H4 (Wave Analysis) There are 2 scenarios as shown in chart
Closed door meeting today (23 January 2025). Let us hope we get some settlement news either tomorrow, on the Friday, or early next week. Predictions: 5$ easily immediately upon news. 10$ by March, as articles comes out over the next 2 months. 30$ by September as Non Disclosure documents start being released (non disclosure documents has been signed with all partnership companies with Ripple until SEC case has been resolved). 100$ early next year, as the world start utilising Ripple Cross Border Payments & possible SWIFT integration. Thats all folks. Byeeeeeeee
Hey there on 1HTF gold looking for ath on Wednesday gold reached 2763 per ounce and also today Trump speak so we can see a gold will bounce upside and touch ath buy side 2790 per ounce Gold buy side 2750-2747 TP1. 2759 TP2. 2765 TP3. 2770 TP4. 2775 Good luck guys For more updates and analysis please like and comment on our analysis
In my opinion, we have entered an upward phase and from here we can have a 1000% growth
Breakout happend in this stock with rising 200dma and RS indicator is also showing strength. Keep your risk and reward ratios according to your own preferance. This is for educational purpose, do your own research before investing.
Pairs on Watch - FX:GBPJPY FX:USDJPY A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
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