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Correctivestructure

Bullish PotentialThe rally from September 2017 low to January 2018 high is clearly impulsive, no much overlapping internally, making a very strong upward move within a relatively short period of time. What really catch my eye is the price movement after it peaked at 0.72 on 5 January this year. We can roughly count the decline in 3 waves. It retraced exactly 61.8% (a very common retracement level for the second wave within a larger 5-wave impulsive sequence) of the previous impulsive rally (also near the end of blue wave iv). If the red (i)-(ii) count is correct, we should expect another strong move to break the January high in the near future. For the short term, another close above the recent high of 0.5 would support the overall bullish count and would probably signal further upside potential.
ASX:BOD
by wsbza
NEOUSD: Neo Looks Corrective Within UptrendHello Crypto lovers! We have seen a sharp and quite impulsive bounce from April lows on BINANCE:NEOUSDT . Five waves up can be unfolded, which gives us the first evidence of a bullish reversal into wave A/1. As we know, after every five waves, a three-wave pullback follows. So, at the end of April price slowed down and dropped into correction, as you can see, with three waves (A)-(B)-(C) back to around 61,8% Fibonacci retracement into wave B/2, which is actually ideal reversal zone in EW theory. That said, this could be a very nice bullish setup for wave C/3 towards new highs, but first we want to see an impulsive bounce and for now we are just watching and waiting. If we get that bounce with five sub-waves, then this could be a good evidence that NEO is turning back into bullish mode, especially if breaks above previous wave A swing low at 78 level, because this would be our bullish confirmation and we could see much higher levels above 100 for wave C/3.
by ew-forecast
3
[BCC-USD]BITCOIN CASH-FALSE BREAKOUT- LOOSING STEAM!Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment while looking at the MACD and OBV which were giving me false signals. I realize that I'm growing tremendously now, since I take the time to perform a through analysis that is well analyzed! I can catch false signals and see what I couldn't see in the past! Its all about practicing your art. Even though this is not a science, it requires a whole lot a patience, discipline and mastering TA by studying, studying and evern more studying. I just got a new book called Trade your way to Financial Freedom by Van K. Tharp PHD who coaches traders all over the world. (wow im pumped to read it through as fast as I can).... My goals here are to be in the top 3% of traders on trading view. So far I have a an 83% win ratio in the last 45 days which is great so far. But of course that can change in the next 30 days. Bullish sentiment is definitely helping me with that! Right now most of the big price action this past week has been on the major coins. The alt coins are not growing this fast for the exception of a few... If you learned even one thing and enjoy my TA videos , please support my channel and give me a like. Follow me and join my channel so you can see how i profit and what I'm trading or up to regarding Alt coins. PS. This is not financial advise, please perform your own TA , this is only for educational purposes. You are responsible for your own actions. I am not a financial advisor of any kind. Just a passionate trader as you can see, who gets very technical and geeky with this stuff. Thanks CryptoBuzzAnalyst
COINBASE:BCHUSDShort
by CryptoBuzzAnalyst
6
XVG done correctingVerge has tipped the golden correction ratio from the Elliott wave structure it was in. It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure. Lot of FUD but nothing to worry about ;) "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep." If you want to donate crypto: L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k E T H : 0x43e36a719c407285ec3c967857d13e9926771b78 X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
by richardwittekoek
XRPBTC Possible corrective ABC wave pattern long tradesPossible corrective ABC wave pattern forming on the H4 XRPBTC any exchange. If this structure holds and plays out then we are looking at 2 possible long trading opportunities. The first is a small trade long off the bottom of the A wave and the second is a larger long trade off the bottom of the C wave where price has a 60% chance of challenging the swing high of .00011. Remember this is crypto so keep your bayonet fixed and ready for hand to hand combat at any moment. Good luck and as always plan your trade and trade your plan! Viva La Crypto!
Long
by dipdizzywizzle
8
XAUUSD (Gold): The great battle for territoryMy previous post for XAUUSD (Gold) can be found here: It was mentioned in the post that XAUUSD (Gold) had perhaps going to resume a Minor wave B position and it was best to stay away as wave B’s are very difficult to deal with. XAUUSD finished last week with a -0.74% change. XAUUSD (Gold) is currently in a correction on the Daily tf that can best be described as a combination (W-X-Y) Elliott wave structure. Based on how price action transpired last week, it is quite possible that XAUUSD is currently inside of Minor wave B position. XAUUSD so far has traced a 3wave movement for the proposed Minor wave B based on price swing from ~1358.21 to ~1333.29. Any shorting opportunity should be considered only if price moves back upwards tracing out a 3 wave move i.e. This ensures that one is not chasing the market and is rather “selling the bounce”. Also a 3 wave correction of the current downswing means that there is more downside potential for XAUUSD (Gold). The least target for the short position would be the low made on April 6, 2018 of ~1320.37 The most conservative way to enter a bullish position is on a breakout above the high of ~ 1365.16 made on April 11, 2018. A slightly aggressive long position would be on a breakout above the high made on April 18, 2018 of ~1355.54. Above all, the best position in this case is no position because of how nasty wave B’s can be in terms of changing their shape without notice and at anytime. I like to think of wave B’s as a fool’s game indeed!
FX:XAUUSD
by Coin_Analyst
Elliott Wave + Harmonic Patterns OutlookWe have 4 emerging bearish harmonic patterns which are ; 1-Gartley 2- Anti Alt. Shark 3-Anti Shark 4-Anti Cypher Supply and Demand zones are shown by the green and red rectangles Elliott Wave scenarios are indicated in the chart P.S. DON'T ENTER ANY TRADE BEFORE PRICE ACTION CONFIRMS IT AND UNLESS YOU DID SETUP A SUITABLE STOP-LOSS YOU CAN AFFORD !! Like and Follow to get the updates !! Thanks and wish you all good luck dear traders :)
TVC:DXY
by MohamedMagdy