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Elliottwaveanalyis

EURUSD Entering the Belly of the Down TrendUsing Elliott Wave as our guide, EURUSD appears to be entering the belly of the down trend and correction. There are wave relationships near the current price so a bounce may develop. As we are in a bearish impulse wave pattern, if this bounce develops, I am looking at the bounce as being wave iv of (iii). I anticipate the bounce will be shallow and EURUSD eventually works down to 1.1850 to finalize (iii). Bottom line, look for continued USD strength. It will be interesting to see how this USD strength affects main markets like equities and gold.
Short
by JWagnerFXTrader
1
ADA/USD Elliott Wave Count - How Much More To GoHey Everyone, I help traders create a full time income without working the full time hours by mastering a complete A-Z trading system called the SCIMR method. Follow and like to start shifting your results. Looking forward to helping you grow. In this ADA/USD chart I am projecting an impulse wave where ADA is almost completing the 3rd macro wave and looking for a 4th wave correction. Many alts are in similar scenarios and others just hit price discovery and can see an out performance over more established alts such as ADA that don't pull as much speculation. Follow along with these profile for macro alt counts and updates and you can see what we've been looking at thus far below. Thanks for checking in. -NewWave Trader
KRAKEN:ADAUSDLong
by NewWave_Traders
3
DXY 1Day ELLIOTT WAVE PATTERNS Extension Pattern : By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be extended, being much longer than the other waves. It is quite common that one of these waves will extend, which is normally the third wave. The two other waves then tend to equal each other. In our pattern definitions we call it an Extension1 if the first wave extends, an Extension3 if the 3rd wave extends and an Extension5 if the 5th wave extends.
TVC:DXY
by ElliottWavePatterns
1
UNI/USD Breaks Away To These Major Targets | Moon Inbound? Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. Let's Talk UNI/USD The group has been long on UNI since 4.06, currently up 26% and looking for overall targets of 5.50 and just shy of $6. These are conservative 1:1 targets for UNI and if its ready to take on a full impulse then this baby can start heading to the moon, with targets as little as 7.28 and $9. DOT is currently in price discovery as well that we caught prior to breakout. When it comes to catching Runaway crypto's like this that are in price discovery its important to identify the higher time frame trend its currently working on (4hr for UNI and moving into a 1 day) and then jump down two time frames in multiples of 4 to look for buy signals based on your indicators/strategies and then using the invalidations of your higher time frame as your ideal stop loss, but if experienced enough can also keep track of that on the smaller time frame. Just wanted to share these north targets for UNI and I'll be sharing a DOT chart next as well. Are you currently in UNI? Leave a comment below with what your entry price was, lets see who got the best entry on this. Mine was 4.06 overall, I'm sure someone can have me beat! Checkout the links below if you'd like to learn more about me and my team's services/products to helping you create your ideal life through trading. To Your Success, NewWave Traders
KRAKEN:UNIUSDLong
by NewWave_Traders
3
XLM About To Out Perform XRP!?! (Here's How)Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. Let's Talk About XLM /USD... XLM is providing a great example that many Elliott traders take a long time to understand and that is how wave structures can mold into other counts and how to be able to determine which count is most probable and how to setup a trade on it. Notice that in the short term the size of the wave structures lead perfectly to a 1:1 extension that prints the red ABC as the most likely scenario. In the short term all 3 counts have a high probability of moving together to at least hit that target of .27 cents. We just got a perfect test of .145 at the .382 fib retracement for a 4th wave. Looking good. What happens thereafter is what I call the Y (turning point). Due to the amount of other trade styles that take part in the market we will determine at this price point whether there is more buy interest or sell interest. This offers us the opportunity to wait for the market to tell us what it wants to do and because of the Fibonacci relationships we can relate to each wave structure we can have high probability invalidation levels that warn us of a market structure break or the likelihood of one count performing over another. For example, the blue count needs to get squeezed up with a 5th wave that is of equal length to wave 1. If price fails to do this and pulls back too deeply then we invalidate the count and look for the green count to offer the next support and opportunity for the bulls to take us higher. We only want the green count to pull back to previous wave 1 support or the .382 fib retracement, so if it goes deeper than that then we have a high probability that the red ABC was the appropriate count and we're connecting to the downside. DOES XLM Have More Potential Than XRP? XLM can outperform XRP if it prints a 1,2,1,2 count which would follow closer to the Green wave structure identified in this chart. So it's definitely possible, but the key thing to take away in my opinion is the crucial reaction we are soon to see at .27 cents for XLM . I hope you enjoyed this analysis and if you'd like to stay up to date and get notifications of how this count unfolds and what we can learn from it then make sure to follow me on tradingview here and I'll keep you all posted. in the meantime check out my other assets and counts I'm following such as the ADA count below that has some upside potential as well. Want a hedge short? check out the LINK count.
KRAKEN:XLMUSDLong
by NewWave_Traders
2
Have You Seen The Potential Of OMG/USD?Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. Let's Talk OMG/USD... Both counts I'm following for OMG are corrective counts that have further downside. The difference between the 2 counts however is the short term move towards 5$ prior to dropping. So far the B wave to 5$ is shallow for a B wave and hasn't even hit the .618 so this is likely the count I'm biased towards as it is the most probable given these acknowledgements. I'm targeting the 1:1 extension because it lines up nicely with the previous support level and is a highly probable extension to get hit, so there will def. be buy interest there, however from a Fibonacci standpoint we only need to hit the .618 ext in purple. Tagging the 2.46 low for a double bottom. That leads me to my next point, I don't think the 1:1 will get tagged if the bulls defend the low of 2.46. If we break under the 2.46 with a 4hr close then It's highly likely we continue to the 1:1 ext. In summary, Longs above 2.46 seem like the strongest options for trade setups, however I'd like to see the reaction at 2.46 first and then happy to step into the trade as the upside has a great R:r. Follow, Like, Share to support the channel growth. Comment your thoughts below. Don't be shy!
KRAKEN:OMGUSDLong
by NewWave_Traders
2