Elliottwaveanalyis
🧮 Elliott Wave Pattern. Combination: "Double Three"●● Combination ( CMB ): "Double Three"
The SZ (FL) -X-T combination is the most common.
❗❗ Rules
● A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X . (The first corrective pattern is labeled W , the second Y )
● A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle.
● Wave X is any corrective wave. *
● Wave X always retraces at least 90 percent of wave W .
● Only one of the W or Y waves can appear as a single zigzag.
● Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves W , Y or Z .
* most likely, except for the triangle.
❗ Guidelines
● The X wave is often 123.6% of the W wavelength.
● When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4 , the preceding wave 2 ), a combination is likely.
☝ Notes
● An expanding triangle has yet to be observed as a component of a combination
Elliott Wave Principal 2005
BTCUSD 4 HFull count Elliott wave 1 W -12 H and 4 H time frame
1. 4 H - time frame - bear divergence for wave iv - yellow / next wave iv - yellow - drop price /
2. 4 H - time frame - bear divergence for wave 3 white and wave 5 white, for finish wave iii - yellow, wave v - blue and wave 5 white / next wave iv - yellow - drop price /
3. 4 H - time frame - wave 5 white - ending diagonal /3-3-3-3-3/ short term 5-15-30 m/
Is BTC in wave 3 of Elliott Wave?Potential projection:
Bitcoin could possibly be reaching the top of wave 3 of an Elliott Impulse Wave. Be on the lookout for Wave 4 to drop back down but probably not lower than 4300-4200. If support shows, be ready to ride wave 5 back up!! Maybe upwards to 60k! 50-60 Day projection.
Thanks for your time!
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario
● 1W
LSIN:FIVE
The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up.
● 1D History
LSIN:FIVE
A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) .
● 1D
LSIN:FIVE
If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) .
● 6h
MOEX:FIVE
" Pic. 4 "
The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel.
●● Alternative scenario
● 1W
LSIN:FIVE
The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.