USD short active it seems that w.3 might be completed. We could wait for the pull-back of w.4 around 38.2-50% retracement.
Eliottwavetheory
S&P Futures Heading to Wave 4Continuation of last night's chart.
Looking very bullish as Wave 4 on a bear trend is the ultimate dead cat bounce.
Eliott Waves on Spyusing rules from forex-indicators.net
wave 4 and 5 have a range since they are not so clear yet.
Crazy how waves 2 and 3 are on point with those fib levels.
Eurusd Short(sell) opportunityDo not short yet,wait for confirmation and be aware that this is not a long-term shorting opportunity,it won't last much
USD CAD - LONG DOPO RINTRACCIAMENTO Buongiorno a tutti, sto studiando da un po la teoria delle onde di elliot.
Pubblico questa idea per scopo puramente formativo a livello personale e professionale.
Provo, gradirei che gli esperti mi dessero lezioni!
USDCAD Watch before SELLINGHi traders,
Keep your eyes on lower time frame to see which direction will appear. From the spot where it is right now you cannot do anything, simply just wait and watch the price will tell you if we are going one more up or we will drop now.
DXY Watch for SELLHi traders,
I see that there is a running flat in the making. But it is not confirmed yet.
So what we should do?
We have to wait for a lower time frame confirmation. Confirmation needs to be at least 5min or 15min correction.
NZDUSD: LONG SETUP READYThe 4th wave has just retraced back to the the trend-line and is ready for wave 5.
Note: Wave 5 may form a double top with wave 3 - instead of going through the top of wave 3.
Good luck traders!
As always, this is just for educational purposes, I'm not a financial adviser.
USDJPY: SELL OPPORTUNITY SOON!USDJPY has been on a run lately but with the very long 3rd wave completed, and making a move to the 4th wave, we can expect the 5th wave to be very small, with a chance to be in a good short position around the 110.35 price level as it corrects down.
There is a trend-line that should run right below wave C. This may be a good area to buy at but it's too early to tell.
Note: Expect wave 4 to correct no more than around the 38.2% of the move.
Good luck traders!
I am not a financial adviser. This is for educational purposes only.
BTC/USD Possible 16:1 Bull SetupThis whole concept is also confirmed by eliot wave theory, if we break below 7820 we will invalidate the count for a 4th wave and most likely continue going down. As a setup this is a 16:1 ratio, which in my book is amazing.
DXY - Watch it for BUYHi traders,
Watch your lower timeframe and see if there will be any signs of reversal. We were sellers since yesterday but now we dont have any sell setups and Selling DXY from that spot becomes a risky one.
If the price will become aggressive will invalidate the setup.
TRV Potntial Short 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Short 5th Wave Swing Trading Opportunity on TRV. The 5th wave move in an elliottwave sequence is the highest probability move.
The wave 4 pull back after the earnings gap down has found resistance in the green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart will be hit.
We see yellow dots formed in the oversold zone on our special False Breakout Stochastic indicator, which signals strong Bearish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the overbought zone, there is a high probability the stocks price action will resume the overall bearish trend.
We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone.
So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability short swing trading opportunity on TRV with the following entry strategy:
Short entry through $132.22
Stop Loss $136.22
Target $126
Giving a Risk to Reward over 1:1.6
Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<
S&P500: to impulse or to not impulse that is the question!Two weeks ago I shared my view on the TVC:SPX in that it was either following a standard impulse patterns higher or it was following an ending diagonal pattern. I mentioned back then " The first sees (grey) minute-iii complete soon then wave-iv (orange target zone) and then wave-v to complete (green) minor-3 ." Ideally I would have liked to see wave-iv reach TVC:SPX 3075-3040, but all we got was 3091 though this pullback materialized indeed "soon" as the low was in three days after my update was posted... So, the pullback was right on cue, but shallower then anticipated. It happens, as it's impossible to get it right all the time, and note the TVC:SPX is now already trading at the same level as two weeks ago: 3115... In addition, because the pullback was so shallow the subsequent rally fell also short as an ~100p rally would have been ideal but "all we got" was ~65p. This is common, as it means too many buyers jumped in at these higher levels, causing buyers exhaustion (i.e. when everybody has bought/is long, all that's left to do is to sell/go short).
So, although the jury is still out there on which of the two larger patterns is evolving, we now know the market did five waves (grey, minute-i,ii,iii,iv,v) up off the October 3 TVC:SPX 2855.94 low, completing (green) minor-3/c. The 3 is for the impulse, the c label is for the diagonal. So the Bulls want to see the green "alt: 4" complete at ideally TVC:SPX 3042: the 100% retrace as in a standard impulse pattern wave-3 often reaches the 161.80% Fib-extension of wave-1, measured from wave-2, and then wave-4 should drop down to the 100% Fib-extension before wave-5 does (ideally) a nice 5=1 extension to the 200% Fib-extension. The latter is in this case at TVC:SPX 3229. So, last night the Futures market reached TVC:SPX 3158, which is exactly the 1.618x extension and started today's decline. A BINGO for the standard impulse pattern so far. This patterns is exemplified by the orange arrows. Ultimately, price will need to move and close below last week's low at TVC:SPX 3091, to confirm wave-3/c has completed, but the daily charts look weak, market breadth is negative, and sentiment readings have been frothy for weeks, so all suggest this should be accomplished over the next few days.
The alternate is that we thus only saw three (green) minor waves up and that completed (red) intermediate wave-c of the diagonal, and wave-d is now underway. Note, I label the diagonal in letters to distinguish it from the impulse. Price will have to move and close below TVC:SPX 3040 and especially below 3022 to tell us the diagonal pattern is in play. Thus there's still some ways to go... If that happens, then the current decline will be labeled as red wave-d and it should drop to ideally TVC:SPX 3005+/-15. Now that still means there will be at a minimum a wave-e to complete (black) major wave-3 at around TVC:SPX 3200, followed by another wave-4 and 5 (grey arrows).
Thus, the current decline is one way or another still a great buying opportunity, and we'll just have to monitor the price action carefully to better determine when and where this musical dance of chairs ends.
Trade Safe!
[MTLBTC] Short signal One of my first try of Elliott Wave analysis.
BUY when price will drop to support line and SELL when price will become >= support level.
Any constructive criticism is welcome! )
$OSTK Bull trend resumes above Golden Cross for likely 3rd waveThe Bull Bear Trend oscillator back to bullish.
As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs.
Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective.
Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $37,000,000.00 to cover the cost of TZero tokenized securities due to shareholders.
Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
Elliott Wave Chart Patterens Hi Traders,
These patterns can be seen in long term as well as short term charts. Ideally, smaller patterns can be identified within bigger patterns.
XAUUSD long I just adjusted my count because the market seems to tell us that primary w.5 is unfolded to be ending diagonal which is 3-3-3-3-3 wave move as we can see that w.1 is a 3 waves move thus I expect we to get another three wave move for the.second wave as well. we can wait for 61.8 and 78.6 retracement to enter the long position.
USDCAD Long Term BUYHi.. We will keep an eye on it and watch lower time frame for price action to trigger our buys and close our sells.
CADJPYHi traders...
If you are not in to the trade from the top you should watch that continuation to join the trade.
USDJPY is this the beginning of w.C to the upside ? I think we are in a zigzag correction with w.B retracement of 61.8% of w.A and if w.B is indeed ended we should be now at the beginning of w.C which is w.(1) of smaller degree. By looking at the structure I think we are at the last wave (w.5) of w.(1) which seems to be a leading diagonal. IN MACD we also see convergence in 4 hour time frame confirming that we are going to the upside.
There is a possibility for short term to the upside but be careful because we are in the last wave. if my assumption is correct or you can wait for w.(2) to finish probably between 50-61.8% retracement and we can ride w.(3)
S&P500 - Target 3100 I'm still bearish, but I believe price needs to move a little higher before the bears appear. A nice bull trap to break the all time high, before a reversal to the 1800 handle.
Calculating the mid point of the wave and using symmetry, the target should be around the 3100 level. Coming from another angle, I used another method to get close to the same result.
So the chart shows, both methods have a market top around 3000-3100. I have also drawn in the Elliot waves, which align with the mid point (wave 3). There has been no weekly or monthly sell pivot, and
with MACD indicator is confirming a continuation on the recent move up. Price still has more work to be done at higher prices.
MICROSOFT - BLUE STOCK OF DEATH INCOMING :(We are slowly in the end zone of the ABC retracement up.
Currently we are undergoing the C wave, within that we have 5 waves.
There is two bearish scenariosus here: While the 3rd wave didnt go above the 1.618 we could think that the 5th wave could be extended to 2.618 (120 USD)
We could also drop here from the 2. to 2.272 extension. due to the RSI making 4 double tops on the 4H, which i would say is the most likely scenario.
note: The red box is the sell area.
Take profit for this short term short would be at 106 USD, if it breaks that we would go to 98,5 USD next.
EUR/CAD (W,X,Y) Elliott Corrective PatternI was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner.
- If you look at Fibonacci drawn from the High in March 2018 (0) to the Low in August 2018 (W) you can see that (X) has retraced to the .618. (You will have to place this fibs on your own as well. I have left it out to keep the chart clean.)
- Using the Fibs Extension from (0) to (W) to (X) you can hope that price will hit the .618 retracement and that will complete the (A) wave for the (Y) correction.
- The (Y) wave would be finished up at the purple resistance line. This is a resistance that has been tested for 2 decades. I've also used the distance measured from the first (0) to (W) wave to measure the (Y) wave.
PS: I'm still very new to this so I know my terminology or TA might be wonky but I hope I get some constructive criticism as in confirming my analysis or showing me a way in which I'm wrong.
