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Elliottwaveanalyis

USDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the USDJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave (5). The parallel channel also confirms this analysis. Additionally, most momentum oscillators are forming a bearish divergence pattern, which is typical at the end of fifth waves. Essentially the upside momentum is waning, and a downward correction is imminent. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1 (1st vertical line), and is projected to form a bottom on May 6 (2nd vertical line). Based on this, we can expect prices to move lower from here. The actual sell confirmation would occur upon the breakout and close below the lower parallel channel. A Fibonacci retracement of 50% of the entire bullish impulse would be a likely support area. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
1
GBPAUD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPAUD currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price has completed the 5 wave impulse sequence down on April 5. From that point, we have been trading higher in a corrective formation which appears to be carving out a W, X, Y pattern. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 3 (green vertical line), and is projected to form a top on June 17. Based on this, we can expect prices to move higher after the minor X (circle) is complete, which should be within the next few days or so at the latest. The price should continue until it reaches a distance equivalent to that traveled in wave W (circle). If you find this analysis useful, make sure to press the “Like” button and Follow us.
Long
by ForexTrainingGroup
2
NZDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the NZDJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price has likely completed Wave (4) with a 23% Fib retracement of the Wave (3). This is a typical retracement level when Wave (3) is extended by more than 161%, which is the case here. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on March 11 (1st vertical line), and is projected to form a top on April 18 (2nd vertical line). Based on this, we can expect prices to continue moving higher within the current uptrend. Price should take out the Wave (3) high before the upside momentum begins to subside and a corrective phase begins. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line). Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
1
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
BINANCE:XRPUSDLong
by oxxygee
BTC/USD: Elliot Wave AnalysisUsing the Elliot Wave Analysis for this study. We could to look that Bitcoin can to end this bull rally around of the higher price $68,000 USD approx. But the trend it's very clearfully that we finish with the phase #5 of the Elliot Wave. Right now, we could to entry in the possible ABC correction in this longterm chart. But I can't to predict where Bitcoin will make th stop of the new lower price. But I can to show you this example and model that can to support for everyone. Also, it's very important to understand what phase we are in the market. But in another special analysis, I can to make how to identify a bear market vs. bull market using it to make a precise analysis in your way.
COINBASE:BTCUSDShort
by harisonhbn9718
2
UPDATE: XAU/USD Shorts still validIn my previous analysis I stated where I expected the correction to hit $1825.00 and we did just that and then some. I also shared that we should not rush to place any shorts as we need the market to shift from an intraday bullish to bearish. This decision is the key separator between winners and losers. Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis. As always your feedback and thoughts are welcome. Let's discuss in the comments Signed; Samore
FX_IDC:XAUUSDShort
by wavefxacademy
EURUSD IS CORRECTING>>>> Bearish momentum is to be expected.I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves. I have labeled the 0.382, the 0.5 and the 0.618 levels as potential zones for wave 2 to end, but I wouldn't be surprised if we retest the lows of the highlighted zones. As always, let's see how this plays out, and I would love to hear your thoughts and feedback in the comments. Signed, Samore
Short
by wavefxacademy
1
XP. Brazilian brokerage leader.XP Inc. is a Brazilian brokerage and dealer company. It is one of the seven largest companies in the country with a capitalization of $16.8B. It is the leading low-cost financial services company in Brazil. XP Inc. gives clients access to a wide range of financial products, including fixed income securities, mutual funds and hedge funds, pension plans and life insurance, generates a large amount of media content and develops technology solutions to support its cloud and mobile applications. The Brazilian financial market is not very developed, most of it is made up of conservative banks with inefficient financial instruments. In such circumstances, the activities of XP Inc. can be called revolutionary on a national scale. At first glance, XP Inc. is at the peak of the current investment promotion trend. ➡️ The entire movement since March 2020 visually looks like an impulse and a correction to it. The structure of the initial growth is ambiguous, and the corrective movement in wave 2 (or B) is technically decomposed into a plane. In December 2021, the decline in wave {c} reached the level of $27.5 , stopping at it with a slight flat. At the start of 2022, we saw a false breakout of this level and a return to the top with the update of the last peak (iv)of{c} and the potential for the end of the downtrend. It is worth noting that in the area of the indicated level of $27.5 there are: 1️⃣ Corrective Fibo level 0.5 of wave 1. 2️⃣ Projection Fibo level 1.618 for wave {c}of2. 3️⃣ Strong volume zone $22-28 within the ascending wave 1. 4️⃣ The lower border of the descending pitchfork. 📌 Growth in January is like a expanding diagonal. I see a good opportunity to buy on a rollback to the area of $27-$29 . 📈 If this movement is an ABC zigzag, as a minimum target for further growth, I note the maximum level of the stock at $52 - $53 , which the price has already touched three times over the past years. If this is a start of a new impulse and we have leading waves 1-2 in front of us, then the adequate growth potential in wave 3 is at $90 , but it may turn out to be noticeably higher - the following projection levels: $120 , $142 and $190 . ➖ In theory, wave {c} may become more complicated or my initial counting may not be confirmed, then the fall will continue. Cancellation of the current scenario when the price goes below $25.5 .
NASDAQ:XPLong
by Dmitrii_Kachalov
11
ELLIOTT WAVES and REAL CHART RUNE ANALYSISElliott Wave Theory Interpretation The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move. The underlying 5-3 pattern remains constant, though the time span of each wave may vary. Let's have a look at the following chart made up of eight waves (five net up and three net down) labeled 1, 2, 3, 4, 5, A, B, and C. Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree. The corrective wave normally has three distinct price movements – two in the direction of the main correction (A and C) and one against it (B). Waves 2 and 4 in the above picture are corrections. These waves typically have the following structure: Wave Degrees Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest: [ *]Grand Super Cycle Super Cycle Cycle Primary Intermediate Minor Minute Minuette Sub-Minuette
Education
by NiccoFx
LONG BNBUSDT | Elliott Wave Impulsive Technical Analysis As you see in the chart, we could now enter in the 5th wave, the last Wave of the Elliott Impulsive Pattern. It offers us a long position. Even if the price rebounded just bellow the Fibonacci 0.618, I place the target profit at 1.382 to higher probability to make profit. Entry Price: 532.5$ Target Profit: 774.6$ Stop Loss: 463.9$ Ratio Risk / Reward: 3.53 Potential Profit: 45.46% Fundamental Analysis Each Quarter, Binance burn a significant amount of BNB that increases the value of its token. This next burnt will occur in this month (January). However, we need to take into consideration that cryptocurrencies are currently uncertain and we should take a look at the Bitcoin price too. Indeed, if BTC breaks, it will bring other cryptocurrencies down too. Market Capitalization BNB: 3rd I am also curious to earing your opinion too. Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
Long
by chuplein
4