Get started

Correctionwave

Goog short entry after correction movement on the NZDJPY The price of the asset has been trading in a bullish trend since December 2017 creating new higher highs. Last week the suport line that has maintained the price since then has been broken with a bearish movement. So, right now the price is trading a correction movement that I expected to reach the interest red zone (S&R). To then creat a new lower level. This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved. CFD´s are very complex financial products that can result on the loss of most capital invested
Short
by UnknownUnicorn1383471
Almost at topBTCUSDT is forming another bearish divergence with price/RSI as it approaches 7k. Historically, these divergences have led to corrections; if this divergence completely forms, it could start another one here. If it drops before 7k and breaks below this wave's uptrend, I'm thinking it will most likely form another Elliott 3-3-5 flat with extended wave C as it's done in the past. I drew a rough "ABC" correction wave for projection. If uptrend is broken, I consider that a bearish confirmation. My target for re-entry will be around 5.5k with 4.5k as the lowest.
Short
by AngryBoris
BTCUSD shorterm bearShorterm bullish trend is broken. 4th wave is in progress, still is soon take it as a fact, but a triangle is what has to be expected. For now we can see first 2 waves of a correccion A and B. This third waves will defind what kind of correction we are seeing. Wave C can develop in 5 waves, what mean it is part of an ABC correction and would be the las waves of that correction. this doesn't mean 4th wave is complete. Or Wave C can develop in 3 waves what means is part of an ABCDE correction each one of 3 subwaves. Either of both cases take care of 3500/3200 range and 2500/2300 if it goes to the 5 wave option.
BITSTAMP:BTCUSDShort
by soyelsimo
BTC Wyckoff Distribution BTC has now reached the 2.618 extension of wave 1, and is showing bearish RSI divergence on the 4 hour. These two factors make Wyckoff distribution cycle which is currently setting up more probable. If the lows of 5450 break, Bitcoin will likely continue downwards toward 5000, for a .384 retracement retrace of Wave iii. This is a swing trade, which is more or less set and forget. If entering in this range, AL should be set no lower than 5877. The safest bet would be shorting a break of 5450. tp1: 5300 tp2: 5000 Happy trading!
BITFINEX:BTCUSDShort
by Paltsmet
2
Bearish Continuation Flag in completion, plus a longer term viewA classic textbook example of a flag continuation has formed and usually this signals a further downward move in bearish trend. The flag pole is calculated from the last resistance line it broke to the lowest low of the flag. This is shown in yellow, and it hits exactly at the 0.618 fib of the long term trend. Keep in mind that this is only wave I of the long term ABC correction. As you can see, we will make an attempt at our highest high and fail in Wave II. Wave III will be a major bear trend taking us all the way back to the mid 2000s.. I assume after that we will make another attempt at our ATH, possibly hitting the 1.618 level of ~$5700
COINBASE:BTCUSD
by telnemri
GBPUSD - H1 - Elliot WaveWe have seen quite a rally recently on GBPUSD with various fundamental changes spurring the explosive move upwards. Elliot Wave is something I have not really used before but am starting to look into it with more of an interest as it seems to be quite a powerful tool when the time comes. From my basic understanding of it, we might have just completed the 5th leg of this move up on the hourly chart. If so, we could be in for an ABC correction (complex pullback), which given the velocity of the recent rally, could likely be welcome. If we do indeed start to pullback, I would ultimately be looking for a potential reason for a long entry around the 61.8% retracement of the bigger move.
Long
by bmck1
Correction EurUsd Confirmed 15-03-2017 (ap)Hello Dear Traders & Welcome To Growing Forex "TRY & REFER THE BOLLINGER BAND WITH RSI" Be Prepared For A Rate Hike Today (1.00%) According To Bloomberg The Sentiments Of The Rate Hike Are 94% & It We Are Pretty Much Sure That They Are Going Hike The Rate, The Average True Range Of Volatility Of EURUSD On Rate Hike Is Approx 100-150-200 Pips (according to past rate hikes) That Is Enough To Drag The Price Southwards To 1.0560 or 1.0492 Levels. Trade On The Breakout & Close The Trade On 1.0560 - 1.0492 Levels As Shown In The Chart. This Will Probably Indicate The Completion Of Wave B & Start of Wave C. KEY EVENTS TO WATCH TODAY : 1. FOMC Economic Projection (report) 11.30 (IST) 2. Fed's Monetary Policy (report) 11.30 (IST) 3. Fed's Interest Rate Decision 11.30 (IST) 4. FOMC Press Conference at 12.00 (IST) "Don't Waste Your Time With Explanation, People Only Hear What They Want To Hear. " Good-Luck, Regards, Growing Forex.
Short
by GrowingForex
UCAD update, w/ My understanding on Wave TheoryThe chat boxes pretty much explain it all! :) Also my thought process of what "Wave Theory/Principle" is and isn't in regards to "predicting" the market, no one has the crystal ball, just tools to help turn a shitty ass piece of Crystal into a bad ass trinket that you can sell for loads of money... or just high probability low R/R setups. Whatever you're into :0 Thanks for the support! As always If you like/agree give me a thumbs up/comment If you don't like give me a thumbs down in the comments and tell me what you thinking! :)
Short
by adambiers
1