Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3.
While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
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ETH/USDT Elliott Wave count 1H TFThis is my trade setup for Ethereum.
I am expecting to see a bounce into the 1423 - 1463 range where I am expecting to end this 4th wave (an extended flat correction) and I will enter long for 5th wave.
Stop lose under invalidation level or use a tight stop at 1400.
Good luck!
FTM/USDT Elliott Wave count 2H TFFantom shows potential for growth and I expect the price to reach the 2.55-2.64 area. At this moment we are in the structure of the 3rd wave of the higher degree (black count), more precisely, I think that the 3rd subwave (red count) of the 3rd wave (blue count) of this 3rd wave of the higher degree (black count) has just finished ) to be finished and subwave 4 (blue count) from wave 3 (black count) should follow. I hope I made myself clear enough, and if you have any questions, I'm waiting for your questions.
Good luck and don't forget to like and subscribe if you think this idea is usefull. Thank you!
Short AMBUJA CEMENT with 1:17 RRAmbuja cement is going to fall near about 17% and the stop loss is near to 1% only.
Best time to get the maximum reward.
These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case:
Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the reward is maximum.
Also, wave 5 is extended towards a time high and should be retracted. Half of wave 5 is already retraced and half is left which should be retraced by wave C.
The stop loss is 524 and the target is 426.
Happy trading, guys.
ETH/USDT Elliott Wave count 4H TFEthereum going up with an impulse that may be a wave C from an extended flat corection, or a ”dead cat bounce”.
I think we are at the end of 3rd wave as the price hit 1.618 fib extension 1 vs 2 but price may go a little bit up to end this 3rd wave if it will be extended.
I will update the count for 4th and 5th waves after we see this 3rd wave ended.
Watch also my related ideea and great gains for those who played this 3rd wave.
Bulls are lurking on the chart of the WTIThis juncture looks like a solid base of the bulls. What I see:
- nice divergence at the bottoms (2 - 2, it can be a "slingshot" easily)
- a massive key level for the bulls by the volume profile
- the minor 1 wave's top as critical level for the bulls
Prepare for a massive jump, the bulls will attack these levels.
SNX/USDT Elliott Wave count 1H TFExpecting a move to the downside for SNX and this is my trade setup.
Short entry below 2.200 with stop lose above invalidation line and take profit at T1 and T2.
Probably we have a zigzag patern with a leading diagonal for a wave A and a flat coorection for wave B. Now we are into wave C with wave 1 and 2 finished.
Good luck!
Aave/USDT Elliott Wave count 30min TFAave probably finished an abc correction to the upside and now made a leading diagonal tot the dowside that may be a wave A or 1.
Price was rejected on 0.618 fib and this may suggest that wave B is over.
Target for wave C is into the C box and for a 3rd wave is into the 3 box.
Short entry at 81.00 and stop lose above invalidation level.
Good luck!
ETH/USDT Elliott Wave count 2H TFEthereum may go up with an impulse to end an expended flat correction .
Wave A that may form flat pattern is a zigzag with wave B a triangle
Wave B that may form flat pattern is a zigzag also but with wave B a complex correction WXY.
Also wave B it pass below starting point ot wave A.
Wave C We have 2 waves (2 ABC) and now I think we have a wave 1 from an impulse Wave C that will form flat correction.
Wave 2 from it may not be ended at the time I am writting this.
What is important here is that the price break above 1300 to can say that wave 2 is finished and to have more confidence in this count.
Below 1189 this count is invalidated.
I will update this count when I will see more price action.
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Thank you and good luck!
ETH/USDT Elliott Wave count 1H TFTrade long on ETH.
Price bounce into 0.618 fib retracement forming a bullish engulfing pattern.
Entry now or for more conservative play wait to break up the slope green trend line.
Target 1319 - 1344 range for a C wave to end a trianggle correction. (see the related idea.
Stop lose 1265
Good luck!
ETH/USDT Elliott Wave count Daily TFEthereum expecting to end a complex correction WXY for a wave B somewhere at 1000.
Probably we are into wave E from A triangle correction wave B from ABC that forms Y wave.
Can trade short when wave E is completed with stop lose above wave C from triangle or wait to break BD trend line.
Good luck!
Bitcoin Elliott Wave count 4H TF Bitcoin after measuring waves fits perfect for a leading diagonal that may be a wave 1 or A.
I am expecting the price to rise from here as 4th wave already hit 0.5 fib retracement of wave 3 and to hit the slope red doted trend line.
After it will go for a correction but will post updates for this when I will have more price action.
Invalidation below 18896.
I will post in the coming hours a count for 12 hours with the bigger picture of bitcoin. Stay tuned for it!
If you like my analysis subscribe for future updates and hit the like button.
Thank you and good luck!
PHM - Long after wedge breakoutAfter a 5 wave rally, the stock has corrected in a three-wave pattern. The correction has retraced 78.6% of the 35.03-47.19 rally and prices are rising again, breaking outside the wedge that has been forming since end of July. My take profit comes in at which the rally from the lows will be equal to the previous rally around 50.5 My stop is below the recent lows at 36.50
XRP/USD Elliott Wave count and trade 4H TFXRP perfect tirangle to trade.
Wave B retrace 0.618 of A, Wave C retrace 0.764 of B, wave D retrace 0.764 of C, expecting to see the E wave fall into 0.618 - 0.764 retrace of D.
0.34 % target for take profit from end of E wave. Stop lose below C wave end.
Aggresivve entry at 0.618 fib retracement of D, a more confident entry will be on the break of BD trend line.
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Thank you and good luck!
COM7 | Elliot Wave Correction Target Projection - EMA200WPrice action and chart pattern trading
> Possible making its uptrend to 4-wave of the 1st A-wave correction, expecting a retracement of 0.382 - 0.5 of 3-wave
> EMA100 W and EMA 200 W are the key dynamic support and resistance of the current movement.
> The final 5-wave of A could be retraced back at EMA200 W.
> Wait for daily timeframe reversal pattern near EMA200W support line for long entry
ETH/USDT Elliott Wave count 6H TFThis count is possible a bullish scenario for Ethereum.
We have an upward impulse that can be A or 1 and now we probably have a complex WXY correction and not a zigzag as I had previously anticipated.
If so, we should be in a triangle-type corrective wave at this moment, which could be the B wave from the ABC that forms the Y wave.
This triangle could also be a wave 4 from a wave C of a zigzag type correction, but it still seems too big for a wave 4 compared to wave 2, but nothing is excluded.
This triangle is not complete yet and I'm waiting to see how it ends. It is possible that we are in wave D at this moment which should end in the trend line that starts from the origin of the triangle and joins the end of wave B of the triangle and from here wave E of the triangle should follow.
This wave C from wave Y so that we can consider it complete and to maintain this bullish count should end in 0.618 fib extension A vs C which favors a landing at the bottom of the channel and at the same time here we would have 0.764 fib retracement from wave A or 1 higher degree which has its start on June 18. We could also have divergence on the RSI at the end of the Y wave.
It is possible to trade short after the end of the dream and the breaking of the BD trend line formed by the triangle but since I will see more price action I am neutral.
I will update this account, so if you like my analysis, subscribe and press the like button. Thank you and good luck!