Get started

Eliotwave

EURCAD SELL TOWARD THE DAILY CHART 23% FIB LEVELThe EURCAD is at the end of an Elliot Wave and is in position to sell toward the 23% daily chart. Currently hovering right on the 61% level on the weekly chart it hasn't quite reach the weekly 78% level and the monthly 61% level but it is at the weekly 50% level in a consolidation structure. Simply put the Elliot Wave was employed because of the limbo between all of these different levels. The long and the short of it is a sell which will continue on to a downward trend following a consolidation. Check technicals for time aspect.
Short
by philpoitier
A little EW for you on ETH :DHi! So, here's what I'm thinking for ETH/USD. It's certainly done better than BTC (then again, many of the alts have!). Could we be in wave 4 right now for ETH? I think we have the potential to go higher at this point (hoping at least!). For my future charts, I'll be sure to use larger timeframes (as someone kindly pointed out on my first chart - is this chart on a large enough timeframe now?). Thoughts/feedback/suggestions/lesson/etc. are always welcome! All the best, James
BITFINEX:ETHUSD
by jscduk12
11
BITCOIN FLAT (3-3-5) CORRECTION Hi friends. You can see that bitcoin is clearly following a Flat 3-3-5 correction after its bull run which ended on 02-20. The A wave took us down to the 9200 levels and we subsequently saw a B wave which almost reached the previous highs but terminated just below at 11723. Now we are tracking a C wave which may stop anywhere between 9500 and 8800. Since this is clearly a flat correction, I anticipate a halt at the 0.382 retracement level of the bull run. I don't expect it to violate the bottom of wave A, but if it does, we'll eventually find support at the 0.5 retracement. If I am shorting here, I'll personally wait for a retrace towards the 11k levels before shorting, at least I'll have reduced risk. Good luck with the shorts! Remember to do your own due research before investing. Commodore!
BITFINEX:BTCUSDShort
by Commodore3
23
DAX - False Break-Out - Bullish Correction before Deep Bear ClawDAX - False Break-Out - Bullish Correction before the Deep Bearish Impulse: DAX appeared on the Radar again after a while, unfolding what appears to be a "false break-out" and a "bear trap". Let's make a recap on DAX, shall we? 12th May 2017 was when I called the top and the drop from 12950.00 Levels towards 12000.00 with the " GER30-DAX - SELL Set-Ups - Stock Exchange Crash " article. I was also able to look into the future and project other Levels, according to the Cycle, just click play and see. I know, nice right? 18th August 2017 is when I called the bottom at 12000.00 towards higher Levels, with the " DAX-GER30 – Bullish Retracement - Minor C " article. 26th July was a legendary day. I posted a double view, buy & sell, with the " DAX30 – Stock Exchange Crash – Full Cycle " article. Called the Bull from 12000.00 all the way towards 13300.00 Levels, where I also mentioned that it will be watch and that it could CRASH hard. Guess what? It did! But how did it crash like that from 13400.00 Levels all the way to 12000.00? Remember the weekly updates for our Members? Been calling for the "bear claw" 3 weeks ahead of it! Most of our important Members got this view in Private. Jan 8th: Jan 15th: Jan 22nd: Just 1 day before the Flash Crash on DAX! Am I bragging? You might say yes, you might say no, I am saying the truth and backing things up with actual proofs. Showing off a bit is not always bad and I hope you get the picture here, it's for the "trolls". Now we are back to basics, with DAX "flirting" again with 12000.00 Levels and showing a possible Double Bottom and a Fake Break-out. The Corrective Structure unfolded with a 5 Swings Sequence in Intermediate (A) (turquoise) which indicates that the larger degree looks towards more downside, possibly towards 11600.00 or 11500.00 Levels. I know what you're gonna ask: "Is it going now?" There are chances for it not to go in a straight line there, although it would be destined to go there according to the current Wave Count. After Intermediate (A) (turquoise) hit 12000.00 the Correction started, which was expected. The issue is that it only retraced on the up-side towards the 38.2% Fibonacci Retracements of Intermediate (A) (turquoise). I don't like that and I'm gonna tell you why in the lines below. The Corrective Pattern shows a Combination between a Leading diagonal in Minute a (blue) and an Ending Diagonal in Minute c (blue). Time wise, Intermediate (B) (turquoise) does not really fit into what we (elliotticians) call "the right look", because it did not unfold in a larger amount of time so that it would fit the requirements for an Intermediate Degree. I think that we could possibly see a Complex Pattern, a Combination in Intermediate (B) (turquoise), making the 38.2% Retracements the 1st leg: Minor W (purple). This would explain the way the current Bearish Swing is looking: overlapping waves with Corrective features. I am beginning to think we could be facing a "false break-out", so I would be looking for a Bullish Swing above 12600.00, so that DAX could satisfy a fellow Trader with at least 50% Retracement. Give the dog a bone, c'mon... :-) My view right now is a Double Bottom and a False Break-Out as a possible scenario. Calling for the rise back to 12600.00 is kind of bold, but to be honest it's worth the risk as only a breach of 11800.00 could invalidate the Bullish Swing and if that happens, then it's doomed: 11500.00 would be next. This scenario contains more risk than usual, please be aware!
FOREXCOM:GER40
by Lionheart-EWA
3