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Elliottwavecorrection

Dow Futures (YM): A Double Three Correction Is Taking PlaceShort-term Elliott wave view in Dow Futures ( YM) suggests that the decline from the August 16 high is unfolding as Elliott wave double three structure in a bigger wave ((4)) pullback. Down from there, the decline to $33628 low ended wave (W) in a lesser degree double three structure. Up from there, the wave (X) bounce unfolded as a zigzag structure where wave A ended at $34236 high. Wave B pullback ended at $33638 low and wave C ended in 5 waves structure at $34938 high thus completed wave (X) bounce. Below from there, the decline is unfolding as a lesser degree zigzag structure where wave ((a)) ended at $34121 low. Wave ((b)) ended in 3 swings at a $34554 high. While wave ((c)) is expected to end in between $33686- $33177 area lower. To complete the wave W lower & see a 3 wave recovery in wave X before further downside is seen. Near-term, as far as a pivot from $34938 high stays intact we expect short-term bounces to fail to look for a $32867- $31590 target area lower before the decline from peak gets mature & resume the larger trend.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Square - Elliott waves | Gann | Planetary Aspects $SQSQ has topped out on 5 AUG, perfectly closing at Gann level 284. Price has since formed a series of corrective ABC patterns and bounced off the 20 week MA on 13 SEP. Square is currently approaching Gann level 267, with the 5th wave coming to completion (green count). The blue box is also the 50-60% retracement area of Wave (a), where sellers may step in. If SQ stalls in this area, we may prepare ideas for the next short exposure to participate in wave (c). A target could then be Gann level 206. (Wave (a) encompassed 3 levels, wave (c) may encompass 4 levels to complete 7 Gann levels, the cycle number). Correlations: BTC performed a bullish reversal after completing 5 waves down. Two constellations on 22 SEP, Sun square natal Venus and trine natal Jupiter, promised an expansion of bullish volatility and we were not disappointed. However a retracement is due and that may potentially give us wave (c) in SQ. If BTC continues to rally, a drop in SQ becomes more unlikely and we may see a phase of contraction instead. As major stocks are completing a wave B, markets are likely to remain choppy and volatile before we see the next move unfold. ______________ In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range). Get a 14 Days Free Trial: www.constellations.trade Open an account here if you'd like to support my work: Deribit - Trade Bitcoin option premium decay strategies here: www.deribit.com Binance - 10% off trading fees with this link: accounts.binance.me STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice. Disclaimer: The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
NYSE:SQShort
by UnknownUnicorn12250317
An unique Elliott wave forecast for Gold 60 minutes timeframeJust simple flat correction was done with wave c same length as wave a. Next week, if price break below 1782 level, Gold could make a Zig Zag correction in higher degree. There're some key level below like: 1773, 1759,... We need to wait for confirmation from price action. And then i'll update this Gold Elliott wave forecast. See previous post here: First 5 waves in this chart: Attention!! This is my idea and projection using Elliott waves. I often trade with price action confirmation You need your plan and manage your risk strictly. Trafe safe! Follow to update and discuss more below !
FX:XAUUSD
by UnknownUnicorn23499361
2
UNI/USDT { bullish bearish expanding triangle pattern }!!!!Hello Dear Traders! There are two possibilities: 1_ The correction wave is likely to be three-part = { ABC} and then the impulse wave begins and finally experience the rising price. 2_ the correction wave is ABCDE and then the impulse wave and then we'll see the price drop. Tomorrow and the day after tomorrow will make future events clearer BINANCE:UNIUSDT what's your idea, Leave a comment and share your idea. thanks 🙏🌹
by Donvito84
💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (Mult.Z) Keep in mind that an triple zigzag is rare ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● A Multiple Zigzag comprise two (or three) single zigzags separated by one (or two) corrective pattern(s) in the opposite direction, labeled X . In the first case, it is called «double zigzag», in the second - «triple zigzag» (The first single zigzag is labeled W , the second Y , and the third, if there is one, Z .) ● Waves W , Y and Z are always single zigzags . ● Wave X never goes beyond the beginning of waves W and Y . ● Wave Y always ends past the end of the W , and wave Z , if any, always ends past the end of the Y . ● The first X wave always ends on the territory of the W wave, the second X , if any, on the territory of the Y wave. ● In a triple zigzag, the first X wave is always a zigzag, flat or combination . The second X wave is always a zigzag, flat , triangle or combination . ● In a double zigzag, wave X is always a zigzag, flat , triangle , or combination . ● Double and triple zigzags replace single zigzags , but cannot appear as W , Y , or Z waves. ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ●In a double zigzag, wave Y can equal wave W , .618 wave W , 1.618 wave W , or .terminate at a distance equal to .618 wave W past wave W . In a triple zigzag, there can be equality among waves W , Y and Z , or wave Z can equal .618 wave Y , 1.618 wave Y , or .terminate at a distance equal to .618 wave Y , past wave Y . In a triple zigzag, the Fibonacci relationships between waves W and Y , would be the same as a double zigzag. ● The Fibonacci relationships between waves W and X in a double zigzag, and waves Y and XX in a triple zigzag are analogous to the relationships between waves A and B in a single zigzag . ● In a double zigzag, as a guideline, wave b of wave Y should not break the trendline that connects the beginning of wave W with the end of wave X . ● As a guideline, wave X (second wave X of the triple zigzag) of a double zigzag should break the trend channel formed by the first zigzag in wave W ( Y ) and be greater than 80% of subwave b of wave W ( Y and Z ). ● When a zigzag 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 ), the complication of the structure to a multiple zigzag will probably follow. Elliott Wave Principal 2005 and Q&A EWI .
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
5