#Elliott Wave analysis

[dencyemily]

Ethereum's Trajectory Unveiled: Technical Insights Illuminate Positive Trends

In the dynamic world of cryptocurrencies, Ethereum (ETH) stands out as a beacon of optimism, maintaining a robust upward trend and signaling positive market sentiment. Through the lens of technical analyses and patterns, Ethereum's potential trajectory becomes clearer, offering strategic considerations for investors.

Bullish Patterns and Moving Averages:

The month of February witnessed Ethereum showcasing a bullish pattern, characterized by a sequence of higher lows and higher highs—a distinctive sign of a strong uptrend. This bullish momentum is further affirmed by Ethereum consistently staying above the moving average, a crucial technical support line that reflects market confidence. Seasoned investors may identify opportune moments to bolster their Ethereum holdings during price dips to the moving average, historically a reliable support level. However, the unpredictable nature of the cryptocurrency market mandates a disciplined approach to risk management, including the use of stop-loss orders to mitigate sudden downturns.

Triangle Patterns and Potential Price Movements:

In-depth technical analyses, including insights from prominent figures like @CryptoJelleNL and presentations by Morecryptoonline, draw attention to the emergence of triangle patterns in Ethereum's price charts. These patterns, while signaling continuous growth, also present the potential for a downturn. A crucial price point at approximately $2,877 gains significance; breaching this level could confirm the initiation of a corrective wave two, with a potential pullback zone identified between $2,328 and $2,667. Ethereum's ability to surpass these levels may set the stage for a subsequent resistance at $3,100.

Elliott Wave Analysis and Future Trends:

The introduction of Elliott Wave analysis introduces an intriguing prospect—that Ethereum might be in the midst of its fifth wave, suggesting the potential to outpace Bitcoin in the upcoming trend. Confirmation of this trend's continuation hinges on a breakthrough above the current trendline and the prior high of $6.13. While buying opportunities during pullbacks are becoming less frequent, they remain strategic entry points for investors, aligning with the prevailing market sentiment that leans towards a bullish forecast for Ethereum, currently trading at $2,958.84.

As the cryptocurrency market remains susceptible to regulatory shifts and investor sentiments, informed decision-making becomes paramount. The amalgamation of technical patterns and expert analyses paints a cautiously optimistic outlook for Ethereum's future, urging investors to stay vigilant and responsive to real-time, unbiased information in navigating the evolving crypto landscape.

[geekyforex]

Learn How To Market Price Predictions Using Elliott Wave Theory

By observing the relationship between price waves and their respective patterns, traders can make predictions using Elliott Wave Theory on future price movements.

[investsafely]

Weekend Stock Market Outlook - February 11 2024

Stock Market Outlook entering the Week of February 11th = Uptrend ADX Directional Indicators: Uptrend Price & Volume Signals: Uptrend ANALYSIS The stock market outlook shows an uptrend in place, as U.S. equities continue notching all time highs. The S&P500 ($SPX) gained 1.4% last week (again).  The index sits ~5% above the 50-day moving average, and 12% above the 200-day moving average.  Since…

[intensethought]

In this video we look at comparisons between the S&P 500, US Dollar, 10-Year Treasury, and Nasdaq time cycles to determine the possible shape of the move coming tomorrow and over the next few months.

[elliottwavemonitor]

EUR/USD Poised for Lift-Off: Is Wave ⑤ Now Underway?

▪️Elliott Wave analysis on the daily chart of EUR/USD shows that corrective wave (iv) has likely completed at the 38.2% retracement of wave (iii), suggesting the beginning of a bullish wave (v) targeting the 1.17 level and beyond.

▫️On the 4-hour chart, the completion of a WXY corrective structure (wave iv in green) is evident, followed by a clear impulse wave (i) and a potential shallow pullback in wave (ii), which appears near completion.

▪️The expected scenario favors the start of a new impulsive rally, supported by clean wave structure and Fibonacci symmetry.

▫️As long as 1.1065 holds, the bullish outlook remains valid, with a breakout above 1.1380 strengthening the case for a move toward 1.17+.

[justforbooks]

The American photographer Elliott Erwitt, who has died aged 95, was renowned for his largely unposed images of famous people. Among the political figures he caught on film were Fidel Castro and Che Guevara, laughing and waving a cigar in Havana (1964); Jacqueline Kennedy swathed in a black veil at her husband’s funeral in 1963; and Richard Nixon, pointing and jabbing his finger at Nikita Khrushchev’s chest in 1959.

Cultural figures included Marilyn Monroe showing a leg while filming The Seven Year Itch in 1954; Jack Kerouac, unusually meditative, wearing a tie, in 1953; and Dustin Hoffman, with whom Erwitt made a short film, The Many Faces of Dustin Hoffman (1968). Animals were his obsession, and he devoted several books to pictures of dogs, with titles such as Woof (2005) and DogDogs (1998), as well as another short film, I Bark at Dogs (2011).

He spent nearly 80 years behind a camera (for preference a Leica 35mm or a Rolleiflex medium format), selecting subjects from around the world, and working primarily in black-and-white, though he could use colour to make a point.

According to Erwitt, who disliked over-theoretical analysis: “Colour is descriptive. Black-and-white is interpretative.” He defined photography as “an art of observation” or “a biography of a moment”. He suggested that artistry lies in “finding something interesting in an ordinary place … I’ve found it has little to do with the things you see and everything to do with the way you see them.”

In his view everything has photographic potential. If you care to look, he wrote, “you can find pictures anywhere. It’s simply a matter of noticing things and organising them. You just have to care about what’s around you and have a concern with humanity and the human comedy.”

He cared a great deal, politically and personally. Erwitt was furious rather than flattered that the Republicans used his Nixon/Khrushchev image (without his permission) for their 1960 presidential campaign, and sent a $500 invoice, which was paid. It can be viewed as Nixon bullishly asserting the US against the USSR, and represented what Erwitt most abhorred in US politics.

He was born Elio Ervitz in Paris, the son of Orthodox Jewish parents, Eugenia and Boris, who had fled Russia following the 1917 Revolution. His forenames were his father’s choice since “he had once attended the University of Rome … and liked it”, and he later anglicised his name. The family moved to Milan, until the rise of fascism prompted their return to Paris in 1938.

Although Erwitt’s parents had separated, a year later all three left together for New York, then Los Angeles. Erwitt completed his schooling there in 1947, and a year later he returned to New York to embark on film studies at the New School. He then joined the US army Signal Corps and, while serving in Europe (1951-53), his fluency in four languages assisted him in compiling his portfolio.

He gained further experience working as a film cameraman in France; a staffer for the Standard Oil Company and Pittsburgh Photo Library; and then – increasingly – as a contributor to a variety of new picture magazines including Look, Life and Holiday, which provided his entry into the prestigious Magnum Photo Agency, established in Paris and New York in 1947.

Robert Capa, one of Magnum’s four founder members, recruited Erwitt, and a fellow founder, Henri Cartier-Bresson, championed him, describing him as “working on a chain-gang of commercial campaigns and still offering a bouquet of stolen photos with a flavour and smile from his inner self”. Praise indeed, which Erwitt later returned in a homage to Cartier-Bresson’s Behind the Gare Saint-Lazare (1932) with Umbrella Jump in Paris (1989), which captures the balletic leap of a man over a puddle beneath the Eiffel Tower during a rainstorm.

Alongside his sense of empathy, Erwitt maintained his sense of humour. Humans’ capacity for projecting their attitudes – and fashion fads – on to their pets was a reliable subject. One image, New York City, 1974 (Dog Legs), taken at knee level, shows a diminutive pooch in a fancy knitted beret, next to a pair of a women’s fashionable, shiny boots, with another pair of taller legs, clearly canine, completing the lineup. It was a perfect example of stylistic crossover: what appears to be a found image was in fact a shoe advert.

In another image from the same year, a disgruntled-looking bulldog squats on a brownstone doorstep, next to a much larger bulldog squatting on the lap of a human, obliterating any view of his master’s face. Erwitt not only loved dogs, but enjoyed seeing the world from a dog’s eye level.

He was not afraid of humour even in more ghoulish surroundings. In 1955, he shot the naturally preserved naked Mexican mummies lining the museum walls at Guanajuato. Their desiccated skins, slack jaws and awkwardly positioned limbs flank a prettily dressed young couple. The blond lad, in an American-style checked shirt, is pointing, in spirited discussion with his girlfriend. They appear as incongruous as their silent observers.

The incongruous and the absurd became hallmarks of Erwitt’s work, as did political events. In one sequence both came together, during Nelson Rockefeller’s campaigning for the Republicans in 1962. Once more taking a mutt’s eye view of humans, the first shot shows one apparently observing intently; in the next he has turned to sniff the ground; and in the third he raises a back leg. “Fair comment,” a viewer might say. Erwitt’s conclusion was, after all, that: “The whole point of taking pictures is so that you don’t have to explain things with words.”

His work appeared all over the world, including several shows at the International Center of Photography in New York, Elliott Erwitt: a one-man exhibition at the Barbican in London in 1989; and a retrospective at the Musée Maillol, Paris, earlier this year.

Erwitt married and was divorced from four wives: Lucienne Van Kan, from 1953 to 1960; Diana Dann, from 1967 to 1974; Susan Ringo, from 1977 to 1984; and Pia Frankenberg, from 1998 to 2012. He is survived by two daughters, Ellen and Jennifer, and two sons, Misha and David, from his first marriage; two daughters, Sasha and Amelia, from his third marriage; 10 grandchildren and three great-grandchildren.

🔔Elliott Erwitt, photographer, born 26 July 1928; died 29 November 2023

Daily inspiration. Discover more photos at Just for Books…?

[dencyemily]

Eyes on the Prize: SOL's Elliott Wave Projection Signals Potential Upside with a $190 Target

Solana (SOL) enthusiasts and traders are currently immersed in monitoring the cryptocurrency's price movements, particularly amidst recent market turbulence. Morecryptoonline's technical analysts have employed Elliott Wave analysis to provide a nuanced perspective on Solana's potential trajectory, revealing both bullish optimism and cautionary considerations.

As of the latest market data, Solana is trading at $105.20, exhibiting a marginal decrease of 0.15% in the past 24 hours. However, the last seven days have seen a more substantial decline of 8.72%, positioning SOL slightly behind the broader cryptocurrency market, which has experienced a 1.90% increase during the same period. With a circulating supply of 440 million SOL, the cryptocurrency boasts a noteworthy market capitalization of $46.39 billion.

Morecryptoonline's analysis suggests that Solana's price is still within an overarching uptrend despite recent selling pressure. The potential for a fifth wave is proposed, with a speculated target of $190 or higher. This optimistic outlook is grounded in the observation of potential support levels holding steady, accompanied by two proposed bullish scenarios indicating potential upward momentum. The third wave, with a speculated target of $141, is contingent upon SOL maintaining support above key levels, particularly at $86.

Caution is emphasized within the trading community, acknowledging the unreliability of diagonal patterns and the need for vigilance, especially if Solana breaches critical support levels. An alternate wave count introduces the possibility of a deeper pullback, adding complexity to predicting SOL's price movement. Traders are advised to exercise prudence and closely monitor unfolding developments.

Despite recent market volatility and a decline in SOL's price, optimism prevails regarding its long-term trajectory. Morecryptoonline's technical analysis provides valuable insights for traders and investors navigating the complex cryptocurrency landscape. As SOL remains a focal point within the digital asset space, market participants will diligently observe key price levels and wave patterns to inform their trading strategies.

While acknowledging the potential for short-term fluctuations, Solana's underlying fundamentals and technical indicators suggest the possibility of sustained growth, contingent upon favorable market conditions. Investors are reminded to conduct thorough research and exercise caution, adhering to best practices when navigating the dynamic cryptocurrency markets.

[geekyforex]

Learn The History Behind Elliott Wave Theory And Why It Is Significant To Forex Trading

This article aims to take you on a journey through the history of the Elliott Wave Theory, highlighting its key milestones and significant contributors along the way. 

[investsafely]

Weekend Stock Market Outlook - December 03 2023

Stock Market Outlook entering the Week of December 3rd = Uptrend ADX Directional Indicators: Uptrend Price & Volume Signals: Uptrend Elliott Wave Analysis: Downtrend ANALYSIS No change in the stock market outlook, as we begin December in an uptrend. The S&P500 ($SPX) gained x% during last week, and sits just below a long-term trendline from the all time high on January 4th, 2022!  The index…

[creativetradingsystemsllc]

Elliott Wave Analysis For USD Index and EUR-USD For Possible Direction and Trade Setup. 06/22/25

[intensethought]

An interesting pattern exists on the SPX (S&P Futures and SPY, too) showing a relationship between the Dot-Com, Great Financial Crisis (GFC), COVID Low and October 2022 Low. When could the next one be?

[mood-report]

IBM Retraction

I need to retract the IBM chart and discussion from June 10th. Though I always set my charts to log scale, I toggled it slightly just before capturing the screen the shot, and caused it to revert arithmetic scale. I didn't notice the error. I owe many thanks to Peter Goodburn from WaveTrack International for kindly confirming it.

If you're a retail trader and want institutional-quality Elliott wave analysis, WaveTrack is a must. As much as insist on doing my own analysis, there is only one place I check my work against, and that's with Peter and his team at WaveTrack. None better.

The upshot is that I discovered that my usual data feed, Tradestation, will indeed provide data much farther back than I previously thought, and I was able to build a chart back to 1974. Needless to say, it's much different from my previous analysis, hence the retraction.

Tumblr loves to cut off images. If you can't see IBM's late-1974 low, click on the chart to make it full size.

Scenario #1:

Scenario #2:

Before posting these, my preferred count was #2. However, IBM is acting well, regardless of its lack of volume since the 2020 pandemic low, and is fast approaching a 161.8% Fib extension target at 312.76 which would be an ideal target for the proposed (iii) -- again, not real Elliott nomenclature here.

Currently flirting with the 132.8% Fib extension at 279.76, IBM certainly has enough momentum to blow it away. If it suddenly fails, well, that's an instant red flag. But for now, the facts have changed because my charts have changed, and I apologize for the error.

[lmforexpro]

S & P/TSX 60 Index Elliott Wave Technical (Video)

S & P/TSX 60 Daily Chart – Eliott Wave Analysis job: The upward trend. situation: The rush. building: Orange wave 1. position: Marine Blue Wave 3. Next direction lower grades: Orange wave 2. details: Navy Blue wave 2 finish, orange wave 1 out of 3 in progress. Wave abolition level: 1339 Elliott Daily Daily Daily S & P/TSX 60 The upward trend With a price offer Strong impulse movementOn the…

[nandini213]

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