DEEKOP

DEEKOP

Looking at H1 we see that wave 3 is still continuing. - The target of wave 3 we measure at the price zone 2736 - 2739 or the price zone 2800 - First we look at the price zone 2736 - 2739, this is the minimum target price zone of wave 3 ending at this zone, so when the price approaches, there is a high possibility that the price will react at this zone, so we...

DEEKOP

Looking at H1 with the price making a new ATH yesterday this confirms to us that the corrective wave 4 has ended and the price is currently in red wave 5 - Looking at the smaller wave level we are seeing that in red wave 5 the structure of wave 1 and wave 2 is being formed and the price breaking through the top of wave 1 proves that the price has confirmed that...

DEEKOP

Looking at H1 we see that the price has completed a 5-wave structure and a 3-wave corrective structure, so in the larger wave structure we have that wave 1 and wave 2 have been completed - In the current wave structure, after a 3-wave bearish structure there will be an uptrend - Looking at the current price line we have a red 5-wave bullish structure forming -...

DEEKOP

Looking at H1, we see that the price has just completed a 5-wave structure 1 2 3 4 5 as I have labeled on the chart - Following a 5-wave structure will be a 3-wave correction structure - Looking at the current price line, I see that the price has likely completed wave A in the ABC structure and is currently completing wave B - The target for completing wave B is...

DEEKOP

Looking at H1 we see - The price has re-entered the 2624 zone, which is the bottom zone of wave W, so we have the necessary conditions to say that the correction trend has ended - The sufficient condition for the trend to end is when the price breaks through the peak zone of wave X, which is the 2674 zone - In the case when the price continues to go below the...

DEEKOP

Looking at H1 we see that the price is in a complex correction pattern WXY During a complex correction, trying to label the waves accurately is very difficult and not feasible for real trading. Instead, we look for potential targets for the end of the corrective wave I measure the end target of wave Y at 2 price zones, which are the 2589 - 2586 zone and the 2575...

DEEKOP

Looking at H1 we see that the 5-wave uptrend structure has been completed and we are now in an ABC correction structure The target of this correction I expect to end at the 2607 zone. At that time we can execute a long-term BUY order to continue the uptrend. - The process of price completing the correction wave target needs to absorb strong demand zones along the...

DEEKOP

Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This...

DEEKOP

Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC...

DEEKOP

Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that...

DEEKOP

Looking at H1, we have a sharp and fast-moving wave 3, followed by a corrective wave 4 - According to the Elliot wave principle, wave 2 is simple, wave 4 is complex and takes more time, so we are in wave 4. - I temporarily label the small waves in wave 4 so that we can predict the end of wave 4 - Currently, looking at the price target of wave 4, we have the...

DEEKOP

Looking at H1, we see a complete Elliot structure has been completed including 5 main waves and 3 abc correction waves, I used purple to symbolize on the chart - Following a complete structure is a new trend that coincides with the main trend with a 5-wave structure - Currently, we predict that wave 1 in the new trend has been completed and wave 2 is being...

DEEKOP

Looking at H1 we see that we are currently expecting a purple abc wave structure to complete - With the target of wave C I identified at the 2525 - 2528 area, this is also our sell target price area - After the end of the abc correction wave I expect a 5-wave pattern in a downtrend to complete the larger orange correction wave 2. - At that time, I measured the...

DEEKOP

Looking at H1 we see a 5-wave structure has ended and then the price has decreased to the 2491 area. - Looking at the current price structure, we expect the price to create a new bullish structure larger than the current structure, which I denote as the orange structure - So with the 5-wave orange structure, we expect wave 1 to be completed - And now wave 2 I...

DEEKOP

Looking at H1, we will see a complex correction in which the correction waves are intertwined, so I will move to the H4 time frame so that you can easily see the wave structure - Looking at H4, we have a Flat ABC correction structure, the above process looking at the present, we see that the wave has completed wave B and the current process is completing wave...

DEEKOP

Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave. - With such an approach, I will determine the target...

DEEKOP

Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3. - So now the price is completing the down wave 5 to then continue to increase - Looking at the overall correction, we can easily identify that this is a...

DEEKOP

Looking at H1, we see a sharp decline on Friday last week to the 2494 area, signaling that this is wave 3 in the red 5-wave trend above. - According to the 5-wave structure, the price is currently completing wave 4 and then the price will continue to move in a downward trend to complete wave 5. The target is measured for wave 4 at the price range of 3507 -...