Abcpattern
BTC Elliott Wave count 4H TFAt this moment I have an ABC scenario that may also be an impulse with wave 3 instead of C.
Wave A or 1 finished at 2.618 fib extension wave 1 (of wave A or 1) vs wave 2 (of wave B or 2), wave B or 2 that may be an extended flat pattern finished at 0.5 fib retracement of wave A or 1.
Now probably we have finished also wave 1 from wave C or 3 ( a leading diagonal that may continue up to 0.618 (29550) fib extension 3 vs 4 (blue count).
I am expecting the wave 2 from wave C or 3 to fall at 0.382 - 0.5 fib retracement zone (if wave 5 (blue count) from this leading diagonal is finished now and will be truncated).
If will lose 24000 I will do not have so much confident in this count.
I will post updates to this count anytime I see a change into it.
Good luck and have a great weekend!
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ACB CORRECTION | BITCOIN MARCH 17, 2023BITCOIN TA
There is a scenario where the 5th Wave is not complete and bitcoin could push up further to $28,400.
However, if it drops to the $25,600 level, there is a greater chance that we could be in the beginning of the ABC corrective wave.
Wave A will move down in 5 waves and a SHORT position may be available at the end of wave (iv).
TP level : $24,000
**Not Financial Advice** Please leave a LIKE and COMMENT and let me know your thoughts.
XAGUSD Short for W1 SwingGod day traders,
In this analysis we see XAGUSD/ Silver breaking below a local support after a strong bearish momentum that started on 23 January. We have CPI today, I believe it will make the XAGUSD close well under our support. The current market movement has given us a bullish ABCD pattern. I will not sell Silver to point D to complete the ABCD pattern that rests on a support.
Please not that this analysis was done on the weekly timeframe therefore it could take some time before we reach our intended target.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
ETHUSD - Trading RangeThe market is currently displaying signs of an ABC correction, with the focus being on wave C. Key level to watch is 1500, as a substantial amount of liquidity has been accumulated during the trading range in this area. This could potentially provide an opportunity for traders to enter the market if the long positions are flushed out.
The Fib 0.5 level of the entire impulse wave could be a potential entry point for traders who are seeking a low-risk, high-reward opportunity. However, it is important to keep in mind that the market is constantly evolving and it is crucial to closely monitor any changes or developments to ensure a successful trade.
In conclusion, the current market conditions indicate a potential trading opportunity for those who are able to accurately analyze market trends and make informed decisions. The key to success in any trade is to remain vigilant and adapt to the changing market conditions.