QNT/USDT Elliott Wave count DailyQuant price rejection into 0.5 fib retracement of the last move to the downside, that may signal an end of the B wave.
Price may go to the downside with first strong support at the 0.618 fib extension zone where also we have 0.764 fib retracement of the first abc (black count).
If we claim back above 0.382 (price 145.2) fib retracement than we may continue to the upside and still has this chance for this move to the upside (blue abc) to be an impulse(red count). The chance will go if the price will break below red line (125.8) and we may see an acceleration of the price to the downside from this level.
Elliottwaveanalyis
Dollar In A Corrective Recovery Ahead Of US CPI Next WeekHello traders,
This will be just a quick recap on some of the markets ahead of US Cpi next week.
USD is still in a recovery mode, with room for more upside I think, especially if stocks will stay under pressure.
Have a nice weekend everyone.
GH
Matic/USDT Elliott Wave count DailyABC correction for Matic ? or is start of a 3rd wave?
Wave B extended flat with C wave an ending diagonal.
Targets for a possible C wave into the box.
Jubilant Food WorksHello and welcome to this analysis
The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds
In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low.
Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
QNT/USDT Elliott Wave count 1H TFThose are my watching levels for Quant.
If we break below 147 than we may have a leading diagonal for an Wave A or 1 and if we break above 158 than we may have an WXY correction instead of a leading diagonal and the price will go up for a 3rd wave.
I think at this moment price is into no man`s land so better stay outside the market.
The Road to $80 for SilverThe silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that reached its peak in April 2011. This entire sequence can be considered as the first impulsive wave in an even higher degree. The second corrective wave ended in March 2020, with support being found at the 0.236 Fibonacci level. Currently, silver is preparing for what is expected to be the most explosive and unpredictable impulsive wave three in a very long-term scale.
Resistance points include:
— $24.69 (0.382 Fibonacci extension)
— $26.55 (0.238 Fibonacci extension)
— $31.99 (0.382 Fibonacci extension, last wave)
— $43.73 (0.5 Fibonacci extension, last wave)
— $45.29 (0.382 Fibonacci extension level)
— $49.83 (all-time high)
— $59.77 (0.618 Fibonacci extension, last wave)
— $83.11 (0.618 Fibonacci; golden ratio)
BTCUSDT Elliott Wave - Current Corrective Wave StageCurrent in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave.
Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame.
- 1st Highs drawn from Wave 5 high.
- The low being 22,750 and yet to understand why that level at time of posting but this the magic low used (it is a daily support and a level from which the price moved to make Wave 5 high).
- The 2nd Highs drawn to the highest high within the range below Wave 5 high
Interesting, using Trend Based Fib Extension, plotting the 1st high, that if you work the way up from left to right, choosing the lower highs on a 90 minute time frame, pulling the next plot to 22,750 lows, then lastly to high within range, playing with this tool draws perfect fibs that correlate to daily Point of Control (POC) levels.
I've chosen to use the Fib at 22,750 because when drawing the retracement level for Corrective Wave B. If using 25,530, the price target is below Impulse Wave 3, which does not fit the rule for Elliott Wave Theory.
-To draw target Corrective Wave B, using the Trend Based Fib Extension, (Low to high to low), drawn from Corrective Wave A at 22,7k to the High Impulse Wave 5 back down to Wave A at 22,7k giving a possible Corrective Wave B target to the upside of 23,4k. Another important level to be aware of for Wave B target is approximately 22,600ish which is a Naked Point of Control (NPOC)
-To draw the Corrective Wave C target, a bit uncertain at time of writing. The last of which is more technical. Using the Trend Based Fib Tool, (high to low to high) from Wave 5, to Wave 4, to the Corrective Wave A, with a target to the downside of approximately 21,750 and daily support level. (at the time of publishing I've 22,129 chosen as it seems a strong daily support).
Other point of interest. I've been using Exocharts TPO 1 hourly. Which has been useful for spotting Naked Point of Controls (NPOC), and as well as using Order Flow to determine market movements. Found that although some support levels are well respected. NPOCS on hourly TPO seem to be hit when on a down trend, and can be a good level of support.
Please feel free to correct me n any mistakes you make think I have made. Always happy to have positive criticism and useful feedback. Play around with the Trend Based Fib extension tool, the levels and confluence with time frame support and POC's are amazing!
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Some Elliott wave sideways correction possibilities. A bearish possibility list doth not make me a bear. Keeping these around because some of these could still play out. Some more likely as others, to be sure, and you may have your bias, but the pattern has not printed, which would keep these on the table.
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From the last post, the price held above the level marked, "Ideal for a smaller degree wave 4". So that is how I have marked the chart.
Since it moved up, must move the whole operation up. I marked off the new levels possibilities on the chart, not a complete Elliott Wave analysis. If it moves up again, before a meaningful retrace, moving the whole operation up yet again... # charting Elliottwave.
These levels are going to be some clues/confluence for me as part of the Elliott wave guideline of the right look or "prettiness" factor.
Cheers!
NASDAQ - NASTY RACK! - (ELLIOTT WAVE ANALYSIS)NASDAQ as per Elliott wave looks like It's gonna make or break. I'm personally Bearish unless, it meets it's invalidation Line as depicted.
This is completely Educational Analysis of Elliott Wave . Kindly do your own Analysis before heading into it.
Thanks :)
Happy Trading :)
DOW JONES - OH JOHNNY! NOT AGAIN. (ELLIOTT WAVE)DJI as per Elliott wave looks like It's gonna make or break. I'm personally Bearish unless, it meets it's invalidation Line as depicted.
This is completely Educational Analysis of Elliott Wave . Kindly do your own Analysis before heading into it.
Thanks :)
Happy Trading :)
S&P 500 - Gonna drop in 5 waves? (ELLIOTT WAVE)S&P500 as per Elliott wave looks like It's gonna make or break. I'm personally Bearish unless, it meets it's invalidation Line as depicted.
This is completely Educational Analysis of Elliott Wave. Kindly do your own Analysis before heading into it.
Thanks :)
Happy Trading :)
Bitcoin From 2010 to 2025: A Bullish Corrective WaveA follow-up to my pervious invalidated long term idea of BItcoin reaching $3,000,000 within the next decade..
(to state it explicitly, this idea has largely been invalidated by further review of Bitcoin's macro price action).
This idea will be largely contrary to my previous. Based on a number of subtle signals discovered through Bitcoin's price action review, I feel at liberty to say that there's is no way that BTCUSD is structured in an Impulsive Wave format. Its expeditious growth has not once made a sizeable enough correction to satisfy a Wave 2 requirement - not one time. Generally, we expect Wave 2 to retrace at least to the 50% fib level, the most we've seen for Bitcoin (on the fib scale is 38%).
Corrections to the 38% fib level are very commonly seen within Wave B (or Wave X) in certain cases. Whether it be Wave B or Wave X, these fractals only come within corrective wave forms. Zig-Zags (the most common corrective wave type) notoriously travel much faster than Impulsive waves as well. At its current price level, BItcoin has grown 1969928%, in a matter of 13 years. We could easily classify this as a 'much faster' pump than we've seen outside of the OTC Market.
Not to drag this write-up out too long as all of my notes and thoughts are shared on the chart but let this be the main point(s):
1) Bitcoin is 1000% not in an Impulsive Wave structure.
2) In the traditional sense of price action, Bitcoin has not built any horizontal base.
3) Bullish corrective waves typically retrace 61.8%-89% on average.
Seemingly in a Bullish Double Zig-Zag wave, I believe Bitcoin has enough gas left to reach towards $174,017.93 to $329,945.48. I suspect this target range could be reach between November 2024 and March 2025 however, beyond this phase Bitcoin should/could be due for another (more drastic) Crypto Winter. Based on the rules and guidelines of Elliott Wave Theory, I believe the downside target could very well drop below $10. At worst case, it becomes the next Luna-Bomber! Permabulls, Diamond Hand(ers) and HODLers should mentally condition themselves to protect capital and to remain loyal to the same.
*Current upside and downside targets are based on the idea that $15,501 will continue to hold as the regional low. If this low is broken, the idea of a new-ATH is invalidated and bottom targets could come much quicker but, its impossible for the longstanding structure of Bitcoin's chart to be changed. This should be my last post on TradingVIew for Bitcoin. Surf well!
Matic Idea up date and levels on watch.If you find this information inspiring/helpful, please consider a boost and follow!
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.