XAUUSD 4-HOURS TIMEFRAME (July 11, 2024)I know this seems impossible. I have tried so many scenarios, dissected patterns to several degree combined with other methods until I finally chose this scenario for XAUUSD.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Elliottwaveanalyis
REA.ASX: 09 JULY, 2024AUSTRALIAN STOCK: REA.ASX - 09 JULY, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Wave (iii)-orange appears to be unfolding to push higher, while price must stay above 189.80 to sustain this outlook.
Invalidation point: 189.80
LTCUSDT Elliott wave countLitecoin bullish sequence in 5 waves, wave ((i)) started from 40.29 low to 115.05 high favors more upside.
Wave ((ii)) pullback ended 55.00 low.
Leading diagonal started from 55.00 low to 113.00 high for wave (i) of ((iii)) followed by a pullback started from 113.00 high to 67.28 low, a complex correction for wave (ii).
Above 67.28 we are looking to the upside for wave (iii) of higher degree wave ((iii)).
Clearing 89.67 will add more confidence that wave (iii) is unfolding.
Possible target for wave (iii)) 200 - 215.
ADAUSDT Elliott wave countCardano may find support into 0.618 fib retracement of wave ((1)) ending a complex correction started from 0.8104.
Price must clear 0.49 level before we may declare an end of the correction at 0.3575.
Also oscillators are showing bullish divergence that may signal a potential shift of the trend.
ARBUSDT Elliott wave countArbitrum sitting on 0.618 fib retracement of wave ((i)) or ((a)) and support of previous low from 0.7390.
Wave ((ii)) or ((b)) an expanded flat correction with wave (c) a 5 waves decline from 2.4250 to 0.7333 that broke below previous low 0.7390.
At this level we are watching for evidences for a possible shift to the upside as oscillators are showing bullish divergence and trend to the downside is showing weakness.
Price must clear 0.9984 and 1.2754 in 5 waves for a wave (i) of ((iii)) or ((c))).
We will post updates soon with an intraday count.
Hit the like button if you like my analysis and follow me for future updates and intraday count!
Good luck!
MATICUSD Elliott wave countPolygon must not break below 0.4926 level to keep this count valid with a 4th wave triangle or a more bullish count with 12 12 and both wave 2 flat corrections.
Above 0.4926 and clearing 0.7587 we are looking to the upside with target above 5 USD.
Also we see divergence on oscillators that may signal a shift to the upside.
KNCUSD Elliott wave countKyber network looking good with a lot of accumulation, more than 1.6 years, above 0.618 fib retracement.
You see here how good are Fibonacci levels acting like support and resistance.
Above 0.4644 and clearing 0.8157 we are looking to the upside.
We will post updates soon with an intraday count.
Hit the like button if you like my analysis and follow me for future updates and intraday count!
Good luck!
TRXUSDT Elliott wave countAbove 0.10475 we are looking to the upside for wave ((5)).
Equality between waves ((1)) and ((3)) could signal an extended wave ((5)).
From the guidelines of alternations, wave ((2)) a running flat correction may signal wave ((4)) ended as a zigzag correction.
Price bounced into the 0.382 fib retracement as usually a wave 4 do it.
Log scale used!!