Long
YWWUSD $0.96+? Elliot Wave Analysis

Price target: 1:1 extension of wave 1
Stoploss: 0.25 (below C)
ABCDE contracting triangle correction with lower highs and higher lows
Contraction of volume during triangle like normal
Bullish indicators:
-Falling wedge on MACD
-MACD kissing after downtrend
-Below 20 on stochastic (best entry would be after it goes above 20)
-Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio
Stoploss: 0.25 (below C)
ABCDE contracting triangle correction with lower highs and higher lows
Contraction of volume during triangle like normal
Bullish indicators:
-Falling wedge on MACD
-MACD kissing after downtrend
-Below 20 on stochastic (best entry would be after it goes above 20)
-Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio
Note
I misplaced the extension - PT is still 1:1 extension, however, it's at $1.03Note
Stochastic broke 20 level - I already entered but now would be a good time to enter (30 cents)Note
Pennant ends at midnight for me - meaning potentially 14 hours before something happensNote
s3.amazonaws.com/tradingview/snapshots/t/tqcV7d3V.png looking like 24 hour range now, new stoploss at 0.275Note
s3.amazonaws.com/tradingview/snapshots/n/N3MF244P.png this shows more like 20 hour timeframeNote
s3.amazonaws.com/tradingview/snapshots/q/qXkAAVQa.pngMore pennant drawings - I would say very likely something happens within one of these timeframes
Note
s3.amazonaws.com/tradingview/snapshots/t/TEyjyaXi.pngBreaking out? Bullish MACD divergence
Note
s3.amazonaws.com/tradingview/snapshots/7/7KVn30E4.pngLeg 3 started, if it goes down below E then the entire pattern is invalidated but at this point a 1:1 extension from E is 1.01 which is the same pt as before.
Note
s3.amazonaws.com/tradingview/snapshots/c/cRke9ii3.pngLeading diagonal (wave 1 sub-primary) Stop loss below wave 4.
Note
Watch for those fibonnaci levels to be resistance levelsNote
Placed improperly on previous updates3.amazonaws.com/tradingview/snapshots/d/dwHuCJmx.png
Note
s3.amazonaws.com/tradingview/snapshots/f/FTIsEJLP.pngGood spot to add more/enter, at this point if it goes below E at this point that is when it is invalidated completely. Until then, I don't think so.
Note
s3.amazonaws.com/tradingview/snapshots/v/vqbshS5Z.png50-62 cents price target for sub-primary wave 3
Note
Stop loss .28Note
s3.amazonaws.com/tradingview/snapshots/d/d7xcDjme.pngLooking bullish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.