This has been a grueling past 6 months trying to complete this corrective Wave IV before beginning the final motive Wave V of a 13 year bull market. Bulls and Bears playing mid-term options have been punished continuously for staying too long. I think it is important to keep the bigger picture in mind here - i.e. SPY will very likely make one last All Time High...
When I was a kid my parents and teachers used to tell me silly things. Like... "You can't beat the system." "Don't bet against the house." ... "Pull your pants up." ------------------------------ And I went through life... well, just playing video games and beating everyone on every system. ------------------------------ And then I met GME... so now i'm...
See Chart and Previous Idea. Can refine to more precise expectations from here, still just approximates. Near-term downside risk still to 362, but probability favors technical bounce from here which could trigger a squeeze... and if SPY wants to bounce exactly at the bottom of the expanding triangle I drew in, chances are it will continue to respect it 4 legs...
trend analysis and elliot waves ( Complete complex correction wave = double combo wave(WXY) , triple combo wave (WXYXZ) ) and SOON start a new wave 1
This is now my most likely count on Genedrive GDR corrective pattern ending in a Y wave triangle formation. All recent waves are 3 wave formations that suggests we are still in a correction. With this I revert back to my impulsive count and the primary rise is now considered in 5 wave impulse, currently finishing the wave 2 in a wxy. Primary targets of the wave 3...
please review the chart for details. Zigzag been spotted in the wave A and wave B of the Flat correction , i hope for another zigzag move in wave C. please kindly carefully review the analysis for better understanding. please kindly follow, like and comment if you find it useful, or if you support the Idea .
Chart Patterns: - Elliot Wave 5 (Motive) - WXY( Correction) Combination - WXY is a combination of an ABC (flat) - ABCDE (Triangle) - Head & Shoulders Chart Pattern Entry Point: 0.97098 Take Profit: 0.95958 Stop Loss: 0.97536
The way Chf/Jpy has acted in this small channel as it has broken out makes me expect more of a pattern moving up. This "X" wave could become more complex though.
That would be a WXY double combo. That was what I was looking for on Eur/Cad on weekly. So far it has been playing out nicely. Notice the similarities.
Silver has done 7 swing upon 7 swing. Oversold on weekly. Over extended on Monthly TDI. Already turned up on Daily TDI. There is potential for a very large trade to the upside if it were to do a larger 7 swing on the larger scale. We can get more downside before the LARGE upside move, but we are at a major fibonacci and pattern confluent supply zone. Hard for me...
Maybe this correction is almost over and BTC 0.21% is printing a double combo ending in a diagonal. If so I'd expect one more run down here to stop at the lower trendline and then probably flat for a while before starting the next bull market. I'm waiting to see if we break out here and complete what could be a bull flag . If so I might buy the breakout. If we...
At this point we simply measure and count out to have a double combo pattern for a "B" wave. I said I would prefer to see Uchf retest zone. It did and I circled where the "Real" sell setup was. The thing about trading these combo "B" wave patterns is you have to understand the possibilities and time your entries properly. Can it correct and go up more for a triple...
Dollar consolidating at trend line looking basically like EU upside down. It doesn't have to just reverse and break the low, although possible, but the pattern it is in should at least be due to pull back down to that zone to create more of a combo pattern moving up. Regardless, it looks like it is making a flag at trend line which we would expect. It can break...
AU made 7 swings down creating an over lapping diagonal pattern breaking trend line creating a smaller diagonal as it did so. It can extend down a little more. We don't have full confirmation of reversal, but you do see the bands and the level that it is at. I believe it to be in correction, which considering the price action on the weekly I would expect a more...
....Ok...... So I spent some more time to go over gchf since it has extended. I would like to point out that it did a W-X-Y double combo pattern in the form of 7 swings. For this pattern you would expect equal length to 1.236 extension. Hit 1.236 today, along with the .764, which would also be conducive with a continuing pattern which would need to come down to...
Who really knows with Bitcoin? Even the top trending charters are wrong most of the time if we're being honest. This might be the bottom (or at least a temporary one), but really expect the true bottom to be preceded by a capitulation event and be more explosive. Here's where we stand from a trading perspective. If you missed this bounce, the risk-reward ratio is...