MOO daily late entry ABC correctionBuy Stop 85.46 LMT 85.46 GTC
Sell Limit 89.01 GTC
Sell Stop 82.49 DAY
MOO daily late entry ABC correction if we clear both candles from above we can run into MA 200
Abccorrection
$APE Forming AB=CD Harmonic PatternAB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first leg (A-B) is formed as the price rises/fall from A to B.
Irregular correction of BitcoinHi
We are in second correction wave in BTCUSD, the irregular flat correction is seen in this chart.
We are in c wave of ABC correction.
The goal of correction wave can be 22000-22500.
Thanks for your attention
Yours
bearish chart for BTC?technically BTC has never been in a bear market this chart shows every to on on green and every bottom on red the beginning of every cycle and the end as you can see BTC has never been in a bear market its only been in corrections unless you are a believer that BTC will never go bellow its trending support this chart show if we go bellow 1700 its a full on bear market for the next 4 years whit a recovery phase B PHASE OF THE WAVE if this pays out we will see BTC come down to 1300$ to then start a real bull rally in 2025
any thoughts? please any comments on this will be aprpeciate
DXY 3000 PIPS SHORT ANALYSIS We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion.
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
SPX-BIG PICTURE-3500Don't be in a hurry to invest in stocks. wait for the real 5 wave down
expecting 3500 before june22
CONN wave major wave 2I believe Conn is setting up for a major move up. Wave 2 of a much larger wave is about complete with an ending diagonal wave C. Wait for the break of the red horizontal line to confirm larger wave 3 is on the way. Trade at your own risk. Good luck!
SOLUSDT 4H ABC 12345
Wave 5 ended ? We should see a ABC soon.
Forming small falling wedge
Each wave extension hit 1.618/2 fib levels and 0.5/0.618
RSI Breakout should confirm bullish divergence.
BTCUSDT Forks, Elliot Waves, and Patternstwo pitch forks, large Elliot wave, large ABC correction, falling wedge
expected target for breakout = 36-44k
expected target for failure = 19K
EURJPY ABC correctionThe price has finished the 1-5 Elliot wave pattern and we are now waiting for the ABC correction. We are expecting point C to go to the 50% of the Fibonacci retracement.
AROON: is showing bearish momentum
Target: 132.03
Entry: 137.58
S&L: 139.72
XMR updateDon't get burned during the next B wave, accumulate - don't necessarily sell here
C waves in monero often are pretty swift, on all time frames
The past always mimics the future - use moving averages
Buy in May and Go Away?The S&P 500 has tumbled as Jerome Powell abruptly takes away the punch bowl and geopolitical tensions mount. But there could be signs of prices nearing a bottom – at least for now.
The main pattern on today’s chart is the descending channel along the highs of January and March, plus the lows of February and May. Prices closed back at that line on Monday.
Second, the index has returned to the 3984 area where it consolidated before breaking out in March 2021. Can old resistance become new support?
Third, the zigzagging decline may now represent an A-B-C correction nearing its completion.
The 10-year Treasury yield is another potentially important chart because its surge this year has hammered the Nasdaq and growth stocks. TNX is now close to the 3.25 percent level where it peaked in October 2018. If this area holds as resistance, it could ease some of the pain in equities:
Recent sessions have also brought signs of the inflationary trend slowing. Metals and fertilizers have mostly declined in the last two weeks, while crude oil is under pressure. Less upward pressure in commodities could also calm anxieties about a 1970s-style crisis.
It’s still early overall, but some potential positives are emerging. Will buyers take over this month and turn the old saying on its head?
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AMAZON possible complete ABC correctionIf this level holds, we might see a retracement coming in for Amazon.
There seems to be a possible complete ABC correction here in the charts.
Not financial advice, just entertainment.
Two great position in btcHi
We are in flat correction on btc. In this analysis , we are in ending diagonal wave that has ABC structure.
Two great position in btc will be existed, next two or three weeks later.
Have good trade
Yours
Gold in next weekHi
In this situation, we are in abc correction with flat structure. The impulse bearish wave predicted by Elliot wave analysis. In this situation, sell gold to 1880 and then wait to see powerful impulse to raise above 2000.
Have good trade
Gann Fan Bear Case1:1 > 2:1 > 3:1 rolling downhill at varying angles of descent. ABC Correction to finish off on the 3:1 track. Target in the box.
Offered as alternative hypothesis to my bull case scenarios. IMO can break either way; trade with great caution! GLTA
Elliot wave DOTUSDTThe price just finished the ABC correction and is now in the accumulation zone. We are looking for a retracement of the 50% fib zone in the Fibonacci retracement.
Entry: 16.17
Target: 33.08
S&L: 10.29
GME - ABC CorrectionGME appears to be setting up to complete an ABC corrective wave on the daily chart. Price appeared to breakout of the Wave B downtrend on Thursday of this past week. Looking for confirmation of the break-out tomorrow or by Tuesday. Price may want to double back-test the breakout, Wilder MA, and/or nearby fib...watching closely.
If confirmed, Wave C should be as long as Wave A and given the strong RSI/overall momentum, substantive MA supports, price &vol support at $150ish, and very oversold status of the stoch on the daily - I expect the Wave C to move up soon. Looking for a move upwards somewhere between the 1.272 fib and the 1.618 fib channels as plotted. Of course we could get another suspicious halt or some other fuckery but the indicators and chart sure looks like it will pop and complete the Wave C.
Will look to add to longs on breakout confirmation but if I add calls - will not go too far OTM. Last Nov the indicators had a similar set up and GME could only manage a double top formation. If that happens this time price will obviously only get to ~200ish. And if this isn't a ABC corrective wave and is instead a impulse wave or something else -price could go back down low 100s. But I just don't see it happening given all the reasons cited above. And if Wave C plays out as anticipated, and these corrective wave patterns tend to overshoot, but we will just have to see. The blatant unjustified BS halt on March 29th was eye opening to say the least...As always caution is warranted.
And I added fib channels back into to my GME chart because it is Easter and I like bright crayon colors, …and after seeing this Taste the Rainbow post on reddit: www.reddit.com It isn't unique to GME and I'm not sure if it has any relevance/validity. Thoughts?
Not financial advice.
Happy Easter!
Bitcoin chart analysis - still in huge correction until 2023I think these 3 Elliot scenarios could be real deal. It really matters how the market will behave, if there will be more selling pressure we will se another low around 27k area, then uptrend towards 40-45k and there will be decided if we are going for expanded or running flat. I hope in expanded so we could sell our BTC:)
im not financial advisor btw
ABC on LUNA?Could we now be in an ABC down to around the $60? The reason why I think $60 is because that's roughly where I assume the 200MA will be by the time the ABC down is finished. As you can see in the chart, the 200MA is a STRONG support, bouncing each time it touches.
Exxon Mobil Pulls Back from 5-Year HighExxon Mobil has pulled back following a big surge earlier this year.
XOM shot above $90 last week for the first time since early 2017. It then retraced almost all the move and is now trying to hold its 50-day simple moving average (SMA).
Its current price level is also near a high from June and July 2019. Can it turn old resistance into new support?
Third, stochastics are nearing an oversold condition.
Finally, the recent pullback may be viewed as a completed ABC correction.
Given the sharpness of its recent drop, some traders may want to see XOM stabilize further. Still, energy is the leading sector in 2022 amid rising demand and the Ukraine crisis.
This week alone, the International Energy Agency (a global organization) warned of more shortages. The Energy Information Agency (part of the U.S. government) separately predicted crude oil will remain above $100 for the next several months. Covid in China is a risk, but trend followers may look for the current trajectory to continue.
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TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. 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. 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 .
IP SHORT-TERM LongMarket just finished 1-5 Elliot wave and ABC correction and we believe it's a finished ABC correction because we have a strong demand zone and we bounced of a 61.8 fib zone which is reversal zone.
Entry: 43
Target: 50.67
Invalidation: 40
Litecoin will copy 2018-2020's cycleHey guys.
As you can see on the Litecoin charts in the past, a noticeable ABC correction wave is visible. If we take the similarity ratios of 1.375:1 (490D & 357D) and apply it to the current cycle, we can determine the next local top. 70 Days * 1.37 = 96 Days from the C bottom correction wave. These numbers are from the May-July correction, based on the 2018-202 cycle, we can mirror that and possibly find a top. Expect in June for Litecoin to hit around $300-400.
Safe Trading,
-Pulkanator
