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Elliottwavecorrection

EURUSD ForecsatEURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing. What to do? We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities. Alternative scenario We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows. Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is. As always, we will keep you updated Please remember to do not to risk more than 2% of your account on each trading idea
by TradingtheRightSide
BTCUSD EWP Wave IV & V Multiple Buy and Sell Targets 19k-23kThe Wave III target was reached and exceeded for BITSTAMP:BTCUSD from my previous idea included in link. Now expecting Wave IV between ~21,350 to ~20k based on Wave IV being approx. half of Wave II and Wave V from ~20k targetting anywhere from ~22,500 to ~23,350. Buy levels for Wave IV are ~19,950 and ~19,100 with S/L just below 18,400 . These positions will have conservative close targets at ~22,500 . These positions may go to ~23,300 but are unlikely to exceed 23,600 based on supply zones from sell offs in early November and mid August. Opportunity to reverse positions into a sell at these levels with high R/R. Sell positions start at ~22,600 to ~23,300 with S/L above ~23,600 with T/P at ~20,000, ~19,100 with the potential to go far lower to ~17,700 or even ~16,500.
COINBASE:BTCUSDLong
by Cavedrew
2
TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap? Price action and chart pattern trading - A possible bull trap false breakout SMA200D > The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend > Wait for a pullback to complete the right shoulder consolidation pattern. > Entry : breakout - right shoulder after pullback consolidation > Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone) > Stop: right shoulder support - 4% > Risk Reward Ratio: 2:1 Always trade with affordable risk and respect your stoploss Good Luck
SET:TIPHLong
by dukeposh
Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
Education
by CryptoKnee
BTC Elliott WXYSo btc finally showed us the X wave Just Sharing... Macro look: weeks to show us the X wave, as I see it, right now we are on the Y wave, this wave might take same time than the W wave (7 months-ich) or even longer the nature of a wxy correction is complex, W wave was an easy ABC correction, X wave was a little more complex, Then the Y wave is the complex one, so we might not see and easy ABC here. (I've seen this complex corrections before it can stay into a little range for a long time and then drop heavely) Right now: Building wave 1 of Y, we can se range here on wave 4, waitting to drop a little more, maybe to dashed line to finish wave one. then we would see btc going up building and abc, this would be wave 2. Remember, wave 2 cannot go further than the begining of wave 1, so invalidation for this scenery is the red line.
BITSTAMP:BTCUSD
by sebastacio
Dow Jones Incomplete Bearish Sequence It can observed from the chart of Dow Jones Industrial Average Index we are in the mid of the correction happening right now. The Elliott wave sequence are as mentioned below: 1. We made an internal WXY in miner degree. 2. We have completed W-X wave of higher degree WXY. 3. We are in Y leg of the higher degree WXY. 4. Out 3 wave of Y leg we have completed A wave. 5. We are currently in B wave of abc of Y wave. 6. Invalidation level is mentioned on the chart. Any doubt you may directly ask me on comment section. This is not a trade recommendation but only a view. Thank you. Regards
U
by imkhushal
9
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed). In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars. Which scenario do you agree with?
by aligheysari73
6
Nifty 50 Wave C Prediction (Expanded Flats)Based on my previous Nifty 50 charts this time I tried to explain more with texts and markers on chart. I hope it would help you to understand. This is just my prediction, It could be wrong anytime. After wave A to B retracement which was almost 0.382 from the previous wave (Must mention that SGX Nifty was 17014 that day, exactly where I pointed out) now the wave C could be 1 to 1.414 (Between 17748 to 18031). But I would say wave C must be not more than 17900, The yellow box is the sideways box. Dashed lines are all trend lines. Hope you traders will like it. Thanks for viewing ":-)
NSE:NIFTYLong
by LittleMouseIn