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Elliottway replied Dec 26, 2024Expected that the price will move from 2623 to 2641. After reaching 2641, a retracement is likely to occur. Following the retracement, a sharp upward movement is anticipated. 2623 breaking below different setup.
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Elliottway replied Dec 25, 2024Holding sell position, with a target range from 2629 down to 2623. Breaking below different story.
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Elliottway replied Dec 24, 2024The breakout at 2622 requires a liquidity sweep from the 2605 level to ensure further movement. Likely to extend till 2602 level.
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Elliottway replied Dec 24, 2024Thank you for appreciating my work. I also want to thank you for guiding me through some cases, which helped me understand things better and made my analysis clearer. Everyone has their own way of understanding things, and it's good to share and ...
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Elliottway replied Dec 24, 2024It seems that the price is unlikely to fall and is instead expected to rise above 2622, moving towards the nearest resistance level.
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Elliottway replied Dec 23, 2024I've noticed that sometimes some of their intentions don't lead to the desired way, especially when it comes to their understanding, no matter where it happens. This seems to be influenced by regional factors, which is a bit strange. First, We ...
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Elliottway replied Dec 23, 2024Based on my analysis, I believe that the target of 2678-88 will eventually be reached. This is a conclusion I have drawn from careful observation. I want to reassure you that your strategy is sound, and the key is to stay focused on the plan. ...
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Elliottway replied Dec 23, 2024Breakouts happen because of buying and selling pressure. In technical analysis, it's important to look at patterns on higher timeframes. When two trends intersect, it can lead to a breakout. Also, when a trend changes, the trendline is often ...
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Elliottway replied Dec 23, 2024The market is currently reacting to the 2619 level, which can be seen as a manipulation, or perhaps a tactic we’ve come to recognize through experience. Many inexperienced retail traders may end up doubling their positions here. However, if we see ...
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Elliottway replied Dec 23, 2024I completely agree with your statement regarding bearish sentiment. However, as you mentioned, while acknowledging the bullish pattern, it’s important to reduce risk and sometimes follow the bullish move. Now, regarding the 2633 supply, your ...
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Elliottway replied Dec 23, 2024It looks like sellers are holding on, trying to sell at the 2619 and 2627 levels. These levels are stopping them from making a move, and if the price breaks above these levels, they could be caught on the wrong side of the trade. Similarly, if the ...
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Elliottway replied Dec 23, 2024I think 2608 could be a strong support level because of the current price pattern. The way the price is moving suggests this level might help the market bounce back or reverse.
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Elliottway replied Dec 23, 2024I plan to buy at the bottom of the range, with a target above 2605, while also setting a stop loss to limit potential losses. I hope my analysis proves correct, and I’m eager to see how it plays out.
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Elliottway replied Dec 23, 2024Sure, Please share some specific times or situations where you notice these manipulations happening, and how they show up on charts from 1-minute to 1-hour. This will help me better understand the patterns you're talking about.
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Elliottway replied Dec 23, 2024You are welcome! Changing the time zone is not really necessary. As beginner traders, it's easy to get confused by the insights of others. Sometimes their methods may work, but most of the time, they don’t. It's better to focus on improving your ...
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Elliottway replied Dec 23, 2024This is one of the methods for confirmation. The price action pattern clearly updates the retracement zone. However, I am unsure about how the long supports work. It's possible that they periodically adjust the confirmation to reflect changes.
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Elliottway replied Dec 23, 2024I believe your broker has completely altered the situation. This is one of their tactics to confuse traders. It's important to pay attention to both major and minor volume-based chart time zones, as they play a crucial role in understanding the ...
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Elliottway replied Dec 23, 2024The daily close above, especially with a gap-up, clearly indicates potential for further upside. However, before this happens, the 4-hour chart must sweep the liquidity. In the past, I often complicated things by over-analyzing the situation, but ...
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