Bearish count for US500. This count has price in wave (5) of ((5)), to complete impulse off 5 August low. Again, not tagging median (red) line of pitchfork suggests bearish reversal. Count valid below price of 6197, as ((1)) > ((3)) > ((5)).
Xrp is gearing up for another big move! Right now the move looks more likely to the downside than the upside, but I want to provide you with both scenarios. First the downside scenario. Looking at the 12H chart we are fighting to reclaim the 21 MA (pink MA). If price cannot reclaim this level then that will be a sign of resistance and we will fall lower. Price is also fighting the top of our white trendline as well as the 0.236. If price starts breaking down and cannot continue to hold the previous ATH of $1.94 (right around the last wick/0.618 of the predictive fibs) then it is possible to see $1.60 or even $1.30. If price is able to breakout of this white resistance line and reclaim the 12H MA then $2.90 will be tested followed by a breakout move to around $3.50!
The market went into the expected correction, but no one anticipated it would happen so quickly. As a result, the technical analysis of traders worldwide was effectively nullified. Those who thought otherwise simply guessed correctly—it's as simple as that. There's no point in justifying or looking for imaginary reasons for this drop. The expected shakeout of retail traders occurred, and we just need to accept it, forget it, and move forward. Given our targets for POPCAT, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $1.0887 - $0.9877. The nearest target is $1.7550. DYOR.
The Nasdaq reached a record high and the S&P 500 is close to reaching its own record high. So while the Dow was lower for a fourth day, 2 out of 3 indices rising could help support the ASX today. It's been over a week since the ASX began retracing from its record high, and with prices now trying to form a base above the monthly pivot point and historical weekly VPOC (volume point of control), I'm now looking for longs. The ASX has opened lower but remains within the overnight range. Assuming prices hold above the spike low, the bias is for a move higher to last week's VAL (value area low) or VPOC.
What a re-entry into my zone, followed by the push of the day!
I propose that the bullish flag will propel IWM further (rates aside, it has done it before) to the 242.17 and higher given steady macro events.
Just wanted to briefly show this trendline as ETH is currently battling it. This is a lower time frame pattern (1H) so may not be as significant, but if we see a selloff begin from here it could lead to one more massive drop. The reason why is this trendline supported us all the way up during our last rally to EUROTLX:4K , the price broke below it, flipped it three times into new sell pressure and is currently retesting it again. Hopefully, price can reclaim this as a level of support, but do not be surprised if we get rejected and see a move down to the white line.
Given the targets we have for WIF, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $2.539 - $2.236. The nearest target is $4.3. Dogwifhat (WIF) is a meme coin on the Solana blockchain. The token is inspired by a photo of a Shiba Inu dog wearing a pink knitted hat. The token's name is a deliberately misspelled phrase "dog with hat." I’ve held onto these "dog coins" on spot for a long time, waiting for the moment when a new ATH would be set. There was a lot of doubt and criticism from other market participants about WIF until now, but not from me. In my opinion, we’re seeing the same scenario play out again, and the outcome will be the same—a new ATH. The correction is only temporary and will soon be forgotten as the unstoppable growth begins. DYOR.
this pattern is still in play,be prepared for a correction only if this pattern plays out. this will happen by tomorrow if it truly is an abc correction.
A logical target price, if your Elliott wave and Fibonacci projections play out, would be in the vicinity of the key Fibonacci retracement levels—particularly around the 61.8% ($65 area) or as high as the 78.6% ($72 area) retracement of the prior decline. If the bullish Elliott wave structure is confirmed and momentum is strong, an eventual retest of the swing high near $80 could be possible. However, these should be treated as potential targets, not guarantees. More Detailed Reasoning: Identifying Wave Targets with Fibonacci: Elliott wave practitioners often use Fibonacci extensions and retracements to project potential price targets for each wave. Assuming your scenario of a new 5-wave impulse forming off the recent low is correct, the two key levels to watch would be: 61.8% Retracement (~$65): This is a common target for a robust Wave (3) or as an initial resistance level if price is reclaiming ground lost in the correction. 78.6% Retracement (~$72): This level often comes into play if the trend is especially strong. If Wave (3) surpasses the 61.8% level decisively and doesn’t encounter heavy selling, the 78.6% is the next logical checkpoint. Wave-by-Wave Considerations: Wave (3) Target: Typically, Wave (3) is the most dynamic and might push price to or beyond the 61.8% retracement. If momentum and volume confirm the bullish move, $65 could be an initial target. Surpassing that, $72 becomes the next serious test. Wave (5) Potential: If the structure unfolds in textbook fashion and there’s enough bullish sentiment, Wave (5) could aim to retest the previous swing high near $80, or even exceed it. This final push often comes with weaker RSI momentum and possible divergence, signaling caution. Market Confirmation: It’s important to note that these are projected targets based on an Elliott wave scenario and assume the market follows a recognizable pattern. Before making trading decisions, look for confirming evidence: Momentum (RSI): RSI should trend upwards as the price moves into Wave (3). Weak RSI as price approaches $65 or $72 would be a warning sign. Volume Patterns: Increasing volume on moves higher supports the bullish scenario. If volume declines as price approaches key fib levels, you might encounter resistance or a failing rally. Risk Management: Always remember that no Elliott wave or Fibonacci level guarantees a certain price outcome. Unexpected market developments, news events, or changes in sentiment can derail even the clearest pattern. Plan your trades with stop-loss orders, monitor market conditions closely, and be ready to adjust your targets as real-time data evolves. Conclusion: Based on the given Elliott wave and Fibonacci framework, a reasonable bullish target would first be the 61.8% retracement ($65), followed by the 78.6% ($72) if momentum remains strong. A more optimistic scenario might see price retest the previous highs near $80. Use these levels as guides rather than absolutes, and monitor volume and RSI for confirmation as the trend unfolds.