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Elliottwavecorrection

SPX Elliott wave count daily. 101 probable count1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed here just an amazing similarities (chart # 1). 2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind of supporting this idea of an extended 1st wave. Here it is below (chart # 2). 3/ Combining these together kind of make the argument for and extended 1st wave is more probable, or not. 4/ So what's next, well Elliott Fibonacci Retracement and Extension Guidelines for an extended wave 1 as follow: If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1 If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%) If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) 4/ That's would put the probable target for this bull's move since March's low between .61-79 fibs with minimum requirement @ 4122:
SP:SPX
by samitrading
ZIGZAG CORRECTION IN GOLDAs recently GOLD (XAUUSD) was rising, we have recognized the completion of the five waves up followed by lower degree five waves down. REMEBER: Five wave move against the major trend indicates the beginning of correction, specifically ZIGZAG CORRECTION. Therefore, we expect ABC zigzag correction that later will be followed by continuation of the trend to the upside. The same movement is expected to take place in SILVER (XAGUSD), therefore you can capitalize your self through this positive correlation. WHAT ARE YOUR OBSERVATIONS ON THIS, PUT THEM IN COMMNET SECTION.
OANDA:XAUUSDShort
by ASAMForex
5
SPX's 70s ABCDE & 20s ABCDE waves, a " Game of comparison" .This Game is adjusted to 1/4 of Cycle time. Meaning that 20s ABCDE waves took 1/4 of the time of the 70s ABCDE waves. This "Game of comparison" could be irrelevant to SPX, like nothing at all to compare, but it's what it is therefore do not take it seriously just something to watch every once a and while. The real question will our "BIG MAMA" allow this to happen, of course "No" Mama will not accept that. "UNLESS" we get a big catalyst of some sort ;-) that big Mama can not handle for few weeks ;-) . Here is an idea how big is Mama right now !!! with out the stimulus , imagine how big will it be starting this weekend when the money inflow start with checks coming this weekend or sooner .
SP:SPX
by samitrading
BTCUSD 15 m / short term /Very hard correction. wave abc / blue / is zig zag wave c / blue - diagonal wave abc blue - create wave (a) /yellow/ wave abc white is zig zag and create wave (w) white. wave (x) is connector wave 12345 white is expanded diagonal for create wave (1) green wave (1) - (5) green is leading diagonal for create wave a orange Wave b orange is zig zag wave 2 white is zig zag wave 4 triangle or flat ( in this time ) One more Up for finish all waves ... wave 5 white, for finish wave c orange, for finish wave (y) white and finish wave (b) yellow. This is the full EW count
BITSTAMP:BTCUSDShort
by okiots
3
PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;) What do you all think of PLTR? I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one. Thanks for checking it out!
NYSE:PLTRLong
by adambiers
2
Spotify Stock to Lose Half of its 2020 UptrendIs this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse.  The pattern is labeled 1-2-3-4-5, where the five sub-waves of wave 5 are also visible. There is also a good alternation between the correction, wave 2 is a time-consuming flat pattern that completed during the coronavirus panic of 2020, and wave 4 is a sharp zigzag move.  According to the theory, a three-wave correction follows every impulse. The corrective phase of the Elliott Wave cycle typically erases the entire progress achieved by the fifth wave. Applying this to SPOT stock makes us expect a decline back to the support of wave 4 near $220 a share . If this count is correct, a ~43% drop from the top at $387 seems to have just begun. The double bearish RSI divergence between waves 3 and 5 also indicates the bulls are running out of steam What's your view on Spotify Stock? Let me know in the comment section. Thanks for reading! Veejahbee.
NYSE:SPOTShort
by Veejahbee
3