Spx ABC retrace.More upside in the short term, wave 3 is next big move to the downside.
Wave 1 = 30%
Wave 3 = 50% ??? ouch!
ABC
USDCAD | Descending Channel..!USDCAD (Update)
In 4h chart Pattern USDCAD forming a Descending Channel Pattern..
Right now it'll become down, and it'll hold the support and then become bullish form..
But aftar a few hr's it'll breakout the Descending Channel..
if breakout the channel then expected target is 1.45285..
Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
BTCUSD Elliott & Fractal Theory Abtin00We can say we are completed Wave A of correction and we are ready to make Wave B
We can take long position to 61.8 F2 of Wave A then take short position to or normal Zigzag area
But dont forget stop loss that shown on chart
And for some learning ( we are completed Terminal wave before this correction )
If you wanna learn it cm it for me i will teach you guys some useful method and technic
GBPJPY BEARISH GARTLEY UPDATE FROM PREVIOUS
www.tradingview.com USING THE EURGBP CORRELATION AGAINST GBPJPY
IF PRICE HOLD AND TRIGGER A SHORT POSITION WE COULD GET ADVANTAGES AND EJECUTE 2 TRADES GBPUSD WILL BE NEVER LESS
GBPCAD Fake breakout ??Hello guys
Everything is shown on chart , We should be wait to watch what happen to trendline
If it can be strong pullback above trend line and break highest price of few days ago we can take long position to yellow area
If it cant do stong pullback it can fall down to yellow area at down
Be patient and enjoy profit
BTCUSD ABC CorrectionHello guys
Thanks all of you for supporting us
We are forming ABC Correction Of .3.W3 but we are in micro wave of it
After completed wave 5 of A you can take long position for B and Short position after B for Wave C
But be careful maybe it can do Anti cycle
Dont forget stop loss
And with our estimate day that finish downtrend , its about 100 to 115 days
Be patient and enjoy your profit
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FAKEOUT: Markets are deceiving usUSDCAD is under a trendline in daily chart, on Friday price broke the resistance area and the trendline but today it has come back again under that area, so it is clearly a price manipulation. Stochastic shows a divergence and I think price will have an ABC CORRECTION till wave 4 bottom in h4 ( I m talking about 1.3200 area).
Fundamentals suggests a probable rate cut for FED on 18th of march due to Coronavirus, instead on 4th of march Bank of Canada could even avoid a rate cut (analysts say that the chance is about 40%).
If you open a short trade set a stop loss about 50 pips over the high of today and a first take profit at 1.3200.
IMW may bottom out in mid-MayFor context please note we are dealing with weekly candlesticks here, I'm pointing that out b/c people are used to seeing shorter time frames and I don't want anyone to be confused. Overall I think we are in the beginning stages of a large degree C-wave in an ABC correction. I am neutral on the Russell as of now b/c I think we need a smaller degree B-wave up in the ABC pattern of the C-wave itself. Also note that a curved arrow in my chart represents a huge gap that must be filled sooner or later.
Once IWM starts to dip again I am targeting the 123 region in May of this year, price is based on the notion that the large degree C-wave may be roughly equal in length to the initial A-wave and duration may be similar as well, Obviously this is a rough guide and once she starts to bottom we may take note of bullish divergences and/ or volume patterns indicating it may be time to reverse up. Again, I am bullish short term and bearish months out. Please ask any questions and share any thoughts, thanks.
DAILY SAM TECHNICAL ANALYSIS MONDAY 2 MAR 2020
SAM HAS MADE AN ABC CORRECTION IN BETWEEN APRIL 2019 AND SEP 2019
@3.9000 PRICE HAS TESTED SEVERAL TIMES FORMING A HEAD AND SHOULDER PATTERN
PRICE HAS BROKEN THE 3.3855 INDICATING A FURTHER DECLINE WITH PROJECTION TARGET:
@ 3.0605 1.618% FIBONACCI EXTENSION WHERE PRICE WILL ENCOUNTER JUN 2016 LOW @ 3.0980 AT THIS POINT PRICE COULD GIVE A POSITIVE REACTION BACK TO 3.9000
BREAK BELOW THE 3.0605 NEXT PRICE PROJECTION:
@ 2.8290 200% FIBONACCI EXTENSION
FURTHER BELOW ON A WEEKLY CHART:
@1.7500 THERE IS A 100% SYMMETRY FROM NOV 2007 AND MAR 2009 AT THIS POINT THE SPANISH BANK COULD GIVE A STRONG POSITIVE REACTION
NOTES:
THE SPANISH BANK HAS FILLED ALL GAPS UNTIL THE 25 JUL 2011,
UNFILLED GAPS BELLO:
25 JUL 2011 @ 7.3015
9 DEC 2014 @ 7.1240
14 APR 2014 @ 68900
RESISTANCE @46820
SUPPORT @3.0980
XAUUSD: updateJust an update on the previous chart...
This is how im trading it...
Make sure you leave a like and comment your charts below.
Good luck to all trading gold
ABC (D) (E|A)Note: this is not backtesting, just an observation of some pairs in the last week.
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels.
Anyway, hope somebody will find this useful and will benefit his/her trading.
ABCDa rising
AUDCHF:
AUDNZD:
ABCDa falling
USDCAD:
Failed ABCDE = ABCDEA
USDCHF:
Or just ABC with breakout and pullback
USDCNH:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
BTCUSD Third Wave ElongationHi guys
In here we have third wave elongation and Because the fourth wave passes through the fibo (38.2) surface, the fifth wave is less likely to form
We are making an ABC and i think AB completed And we are in third to fourth micro wave of C
And Due to Indicator we can say we are ready to change this downtrend and ready to start ABC of Fourth wave
But in general, we have a downfall in the coming days
ETHUSD ELLIOTT FLAG FRACTAL 12345Hello guys
As you see on chart
We had the third wave elongation and that we had noticed from the second correction wave
And because of third wave elongation , We expect the Fourth Wave to do no more
Tp is shown on chart you can take position after break and pullback and wait to make sure is not fake breakout and pullback then you can take long position and take profit
DONT FORGET STOPLOSS FOR ANY POSITION
AUD/CHF - CAN GO UP IF IT MAKES A BUY SIGNAL AT BOTTOM I Called the top on AUD/CHF last week and made good pips on the move down but was rushing to buy this due to excitement i was trading bad you should always await a buy setup and look at several indicators showing price has clearly bottomed
BTCUSD WOLFE OR ELLIOTTWe have 2 scenario
First : we are completed ABC of fourth wave and ready to start fifth wave
Second : we are ready to start sixth wave of BULLISH WOLFE WAVE
BUT DONT FORGET STOP LOSS GUYS
GBPAUD - Huge Downside PotentialDisclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
How to use ABCD on daily for H1 precision entries!In this video I show you basics behind ABCD waves. And how, if you combine the
daily waves. Combine with the 3 days trend on H1, you can build a logic and a
system around it.
GBPAUD - ShortAlready short on this pair. But i think a lot of further downside is incoming.
Going to see what happens and what kind of reaction we get at the trend support.
Once we reach the trend support i will bring my SL to break even and hopefully we get a corrective pattern at the support then continue lower, if that doesn't happen then i can only see it moving higher.
Lets see how it all plays out
Is this how the CME gaps get filled?Fibonacci lines up almost too perfectly with the cme gap meme... i do wonder
4H NZDUSD Elliott Wave CountLet's count waves.
Do you see the same potential upside for this pair?
I am a beginner in Elliott Wave Analysis and this is my sentiment.
The minor impulsive wave in RED has been completed and corrected via an ABC structure with 5-3-5 sub-waves.
The parallel lines connecting the end of wave B and the end of wave A usually forecast the end of wave C as shown.
Price is currently at a key level marked in the red rectangle which has shown to be resistance and in the past was support level.
Finally, the RSI indicator is currently at 31.20 as I type this and signifies that the price is oversold.
Comments, critiques, and anything else is accepted.
$ABC - Daily Chart$ABC - American Battery Daily. RSI showing bearish divergence. Waiting for it to cool off a bit before buying in the purple range on the chart .17 cents looks to be optimum fill price. Clear uptrend and does have 100 day MA supporting.
BTC impulse 1 of wave C?Bitcoin may be starting a 1 impulse in a C wave. First, we should be on the lookout for confirmation of wave B (in h4 we have 3 impulses). Expecting confirmation over dynamic support and looking for resistance in fibo levels.
