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Abccorrection

NOT/USDT Bullish Global 3rd Elliott WaveWithin the ascending channel, a five-wave impulse and an ABC correction have been completed, reaching the 0.618 Fibonacci level. The price has encountered the first resistance level (res). Based on the fractal from the initial five-wave pattern, there is potential for growth towards the upper boundary of the channel, into the Fibonacci zone 1.236 - 1.382. From there, an ABC correction is expected towards the Fibonacci zones of the second subwave 3(2) of the global third wave. Subsequently, I anticipate the formation of the first subwave of the third global wave 3(3-1). The Alligator indicator shows an upward trend. There is a support level (sup) below. The scenario will be invalidated if there is a breakout and consolidation below the support zone (sup).
Long
by WoWAcEDuDe
✅BTC's situation+next targets and expected movements.(4h)Hi. COINEX:BTCUSDT 😊 Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). ➡️ As you can see, Bitcoin has completed its 5 ascending waves and now it is time for it to Starting its downward corrective waves(ABC) . ✅ Due to the Descending structure of the chart... - High potential areas are clear in the chart. -Regular Bearish Divergence(-RD) Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! 🧿Far View, check out!!
COINBASE:BTCUSDShort
by CobraVanguard
10
⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.Hi COINEX:BTCUSDT ✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️r espectfully ✌️share if you have a different opinion from me or other analysts). ➡️ Chart is speaking itself. According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves. -So far we are repeating ABC correction cycle Scenario? -Same RSI & MACD Divergence🔻 -Same rejection off the Major Resistance🔻 -The price has now completed wave A and is now creating wave B . The price can go up to 49K to complete wave B. - Resistance Zone(49K-$51k) & Support Zone(39k) -Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
10
✅GTAI's Situation: What Shall we Expect, can ascend further?Hi every one ➡️ As you can see, GTAI has grown well since its introduction. After the broken of Falling Wedge, started 5 upward wave and successfully completed it, and then started a corrective wave, which it has now completed. Now it's time for it to start its upward wave, and considering that the price is now in an ascending triangle. -Hidden divergence has occurred, this signal can be strong. ➡️ second scenario: If the first scenario failed , we can look at the second scenario. In the second scenario, the price can form a bullish flag, which can have a good growth after breaking the price. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
Long
by CobraVanguard
5
USDCHF bullish move possibilityPrice is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move, correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
#USDCHF possible bullish scenarioPrice is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
12
BTCUSD | 1st ABC Correction A-wave Target ProjectionA potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible. Action: A safer long entry can be placed when breakout downtrend line 2-4 or above wave 4 of c -leg, targeting the upper resistance of the bull flag. Always trade with affordable risk and respect your stoploss!
COINBASE:BTCUSDLong
by dukeposh
BTC - Final Boring Torturing Phase Before BreakoutAs we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high. Imagine if prices were to stay hoovering here till Sep., when most of retail tought we are already breaking out. For those who understand Wyckoff accumulation pattern, we are currently in SOS (Sign Of Strength) phase and are haeding to LPS (Last Point of Support) in an ABC style which could be as low as 18.3k so don't get scared if that happens. As far as ABC correction goes, we could be already be done with an A wave and are heading up a bit for a B, but i'm not shore about that as A wave could still be in the making. I am not expecting any violent breakdown as there are just to little long positions open as opposed to short ones. DISCLEMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by CR35
2
Harmonic Holds the 50-dayIt’s often interesting to find stocks making new highs when the market tanks. Today’s chart focuses on such a name: Harmonic. Notice how the provider of video software advanced in late September and early October as the S&P 500 and Nasdaq-100 hit new 52-week lows. That relative strength followed an Analyst Day on September 15. Heavy volume occurred as prices rose the next session, a potential sign of new buying after the event. HLIT then rallied about 40 percent. It reported better-than-expected quarterly numbers on October 31, but traders “sold the news.” The shares proceeded to form an A-B-C correction but are trying to bounce at their 50-day simple moving average (SMA). Next, the pullback held a 50 percent retracement of the preceding rally. Finally, stochastics are trying to rebound from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:HLIT
by TradeStation
DOGEUSDT | ABC Correction Uptrend B-Wave Projection +40%Price action and chart pattern trading setup: > This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction. > Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and 0.618 fibonanci retracement. > Entry @ rising triangle breakout confirmation or between S1-S2 pullback zone > Stoploss @ slightly below S2 position -15% > Risk reward ratio: 1.5:1 for R1 and 2:1 for R2 Always trade with affordable risk and respect your stoploss, nothing 100%
Long
by dukeposh
FED DAY!!!Good morning! Well.....yesterday's down day I'm assuming was because of the JOLTS Report. Employment openings for the month totaled 10.72 million. Estimated 9.85 million. So, well above. This is something the FED does not want to see. It doesn't help inflation. But again, everyone wants to hear what J Powell has to say today. What could happen after he speaks and in the coming days? Although we are above the 50 day, I feel that there are more elements of a bear market. We could be in the finishing days of the ABC correction of this bear rally before rolling over. And, I'd still be ok with seeing the market heading to 3970ish, 4010ish. The price action at those levels will really tell me if this is a bear rally or not. So when will we get our pivot from the Fed? I really don't think we'll see a change in an upward direction until early 2023. Maybe February or March we could see a final low. Especially if we get another .75 in December. Plan for today: If we get a 2%, 3% up day, I'm not going to go chase it. We could trade sideways the next couple days before we make the next move. If we push to 3970ish, 4010ish, I will monitor the price action and volume to pre-determine next week's possible outlook. And if the market doesn't like what J Powell has to say today and we sell off....well, I'll start to manage my short positions I'm currently holding and follow my levels down. Stay disciplined, be patient, trade the market in front of you. Happy Trading!
SP:SPXShort
by MMOTA_
1