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Corrective

Elliott wave Principle : Triangles There are 3 Types of Triangle, Triangle forms in Corrective waves, Triangle occurs in wave 2, 4 & B, 1) Contracting Triangle + Always Subdivides Into Five waves + at least four waves among wave A, B, C, D, each subdivide into a Zigzag or Zigzag Combination. +wave C never moves Beyond the end of wave A, wave D never moves beyond the end of waves b and D converges with a line connecting the eds of waves A and C. +A triangle never has more than one Complex sun wave, in which case it is always a zigzag combination or a triangle. 2) Expanding Triangle : most Rules are same as for contracting triangle differences is : + wave C, D and E each moves beyond the end of the preceding same- directional sub-wave. + sub-waves B, C and D each retrace the last 100% but no more than 150 Percent of preceding sub-wave. 3) Barrier triangle : + a Barrier Triangle has the same characteristics as a contracting triangle expect that waves B and D end at essentially the same level. We have yet to observe a 9-wave barrier triangle, implying that this form may not extend. + when wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
Education
by Trade-Technique
6
GDR is getting emotional - hold and keep buyingGenedrive previous setup broke down from what it looked like a Y wave triangle, one of those lessons with triangles - it looks like a triangle, smells like a triangle, but it will probably end up being a flat or zig-zag. I think there are more legs in this move due to the volume, and volume means continuation towards that trend, whatever trend it is. I have a few possibilities here at the marked sub C wave. 4th and 5th wave of the C missing so 5th wave possibly truncates at 54p and forms a bottom - there is no notable bullish divergence yet in any of the indicators to mark the current 54p a bottom. The only reason I bought at 54p is that it was 61% extension of wave A and this clearly showed a sign of reaction here. In overall buying at 5x is a great R:R for the expected move up. Being ultra conservative is a 12:1 R:R with the worst case scenario considered the risk. 2nd option is moving down further in this zig-zag, C could even extend down to 1:1 of the A wave, bottom line is in the 3x area. Form a bullish divergence and turn from there. This is still a big buy here, just look at the overall picture of the C wave to the upside that is inevitable. Also it might not go lower anymore as minimum requirements for an ABC correction are met - that would make the corrective count back to 3 waves WXY and this would also be valid. My only concern is the first corrective wave looks 5 waves A structure, so hard to force it into a 3 wave W structure. You could not get wrong buying here. I revised the overall impulsive count from 5 waves to 3 waves for one simple reason, retraced too deep for a wave 2 correction also the time for impulsive 3 wave continuation has now passed. C wave will it be, with at least 1:1 extension to £3.5, or x1,6 to the £5s Expect the unexpected and don`t get emotional with your investment. If you are aware of possibilities you will have the upper hand when it happens and you will not wet yourself. fundamentals? - silence remain/ plain results from end June, no outlook provided - drop continues vs. approvals and orders named, numbers published - we move to the £s IMO,DYOR
GLong
by tempertrade
Elliott wave : Simple zigzag Bearish & Bullish market Hello , I am back with my new idea . "Elliott wave concept" you can see this is Zigzag in bullish market zigzag : ----------------------bullish market----------------------- --------------------------------------------------------- ---------------------bearish market------------------------- we see zigzag in corrective waves 2,4 & B wave A always makes 5 wave which is 1,2,3,4,5 or it can make Leading diagonal wave C always makes 5 wave which is 1,2,3,4,5 or it can make Ending diagonal wave B never ever move beyond wave A and it subdevided into 3 waves or we can see zigzag , flat , double zigzag , combination etc. wave C frequently always ends beyond starting point of wave 1 --------------------------------------------------------------------------------------------------------------------------------------------- Ratio of Retracement Normally Retracement of wave B : 38.2% to 78.6% of wave A + if wave B is Triangle : it retraces 38.2% to 50% + If wave B is Zigzag : it retraces 50% to 78.6% of wave A + if wave B is running triangle wave b can be 10 to 40% of wave A Thanks for your valueable time
Education
by Trade-Technique
6
USDCAD Wave Pattern updatedSorry I didn't post this earlier, but I see more upside on Ucad and the DXY. The US is starting to reopen and the wave pattern on DXY tells me that it needs to spike if it is going down more. I'm long Ucad, short EURUSD, long UsdZar. I suggest you at least watch the beginning of this video..... The Truth About Trading, Prepare To Be Enlightened: Banks, Wave Theory, Robots, And Being Human Video link to my youtube channel on my profile, plus the video link is on my profile.
Long
by thillygoosth
EUR/JPY Shorting Opportunities EUR/JPY has been riding some corrective waves recently on its way to the outer boundaries of higher timeframe structure. I decided to take a short term buy in order to ride the shorter term move in preparation for bigger things. Some confluence for me is as follows: - corrective structure in the form of an ascending channel, interacting with higher timeframe structure - the three touch method is in play here with the third touch approaching - looking for some slow down in momentum in order to enter shorts - larger timeframe structure suggests the market is due a move downwards before coming back up That is my take on EUR/JPY for the coming weeks in 2020. Happy trading all!
Short
by JRonaldTrading
1
#Bitcoin_Update : Where To Go Next? #Possible_Scenario_01#Bitcoin_Update #Possible_Scenario_01 This is not a confirmed signaling prediction but it is just an idea given based on the trend and price action Bitcoin is showing. We are seeing a huge correction on Bitcoin by the last 24 hours and it is showing one of the Flat corrective wave specifically an 'Irregular/Expanded" correctional wave creation. Some Points On Flat Correction Waves : - A flat correction is a 3 waves corrective move labelled as ABC. Although the labelling is the same, flat differs from zigzag in the subdivision of the wave A. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats. - Expanded Flats Corrective Waves have the following behaviors: • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the endng level of wave A • Wave C needs to have momentum divergence • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB
COINBASE:BTCUSD
by cryptotalk_et
Bitcoin Rising Wedge, Wave B of 4 One count of the current price action is shown above. For this scenario, I expect it to hit that box before starting the C to sub-7k. A caveat to this is that some exchanges are two legs behind in the pattern, meaning that on those particular exchanges (such as Bitfinex) there are no trendlines to define any single triangle. Worst case is a run to 8.7k before reversing. I am part of a trading group where we discuss EW counts and analysis of bitcoin and other cryptocurrencies. If you're interested in joining, drop me a PM.
BITMEX:BTCUSD.P
by Canshow
SW1 extended corrective ABC wave completeSW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually either moves 161% or 262% of the length of wave 1. In this instance wave 3 target should hit a target of between $1.00 and $1.46 a share. Time to buy up big!
SLong
by hazzar99
Three-wave Rally on GBPJPY Can Be Ending - EW Good morning traders, GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as ongoing five wave move within wave C. As such, there is a room for 149.00 where three wave corrective recovery from August low can come to an end. That said, at the moment we see sub-wave iv of C looking for support, ideally near the Fibonacci ratio of 38.2/50.0 from where more upside may follow, into sub-wave v. Later we may see 149.36 level as potential resistance and turning point zone and also. the Fibonacci ratio of 100.0 and the upper corrective channel line can act as resistance. In any case, an impulsive drop and a break below the 144.34 level will confirm a completed A-B-C rally and more weakness.
by ew-forecast
9