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$CRCL I'm not yet convinced that Wave 2 has already begun. According to the green scenario, we could still see another high. Currently, I slightly prefer the green scenario.
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$KUPFER The copper chart could easily form another low.
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$GOLD It appears that wave (B) is now unfolding. Gold could run somewhat lower, but ideally should remain above $4,188 to maintain the potential for a larger wave (4).
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Markets don't have to be read alone. Over 50 live charts, regular live streams, and a clear Elliott Wave approach. It’s great if you become part of it. 👉
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$SILBER 63.24 $ to 67.10 $ represents the micro-support for wave (B)/(2).
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US macro data in focus 🇺🇸 Tuesday ADP employment change ( Forecast: 9.0K ) An early indicator of labor market dynamics ahead of more comprehensive employment data. Revised nonfarm productivity q/q ( Forecast: 1.9% ) Provides insight into economic efficiency and
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$ETH The price ran yesterday from support into resistance. A break below 2.108 $ would be an initial signal that a type of high has formed.
ETH-0,62%
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$BTC A break below 69,646 remains the first signal that a local high has been formed.
BTC-1,26%
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$KUPFER The copper chart saw another sell-off today. However, I would prefer a somewhat broader-based wave (4).
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$SPX S&P500 The S&P 500 has fallen 6.5% since its January high. The orange scenario remains favored, and the next support level is at $6,520. We could see a recovery move next week.
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$DXY The DXY appears to be currently working through the Wave 2/b correction.
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$KHC The price is approaching important support zones, however this is not a bullish chart picture. The orange scenario is currently more likely than the white scenario. For an initial signal that a low has been formed, would need on a smaller
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$GOLD Wave c of (A) appears to be unfolding currently. There could be another high in wave c before the next correction sets in. A break below $4,635 would be an initial signal that a high has formed.
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$SILVER Wave (A) has unfolded as an ABC structure. For tomorrow, a pullback in Wave (B) would be desirable.
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$ADA Cardano is attempting to form a bottom.
ADA0,3%
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$QNT The price continues to show some upward momentum, and the next resistance levels are at 86$ and 93.52$.
QNT6,85%
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$UNH Wave (1) consisted only of a 3-part movement, which means there is currently no confirmation that the higher-degree circle wave B has already completed.
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$QNT The price could have already started wave (E) upward in the white scenario. To shift the probabilities in favor of the yellow scenario, a clear 5-wave upward movement must first be formed.
QNT6,85%
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Always be aware of the timeframe of the trend you are trading. The trend can be moving up in one timeframe and down in another.
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$ADA The price is currently following Bitcoin's structure. A rise above $0.28 would suggest that at least a preliminary low has formed.
ADA0,3%
BTC-1,26%
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