The 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...
Expanding Diagonal of Wave A, minor uptrend since September 2021, in my perspective was Wave B.
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 >...
Long term zigzag is about to be confirmed within the next month. We need a higher low, followed by a break of the local high to confirm this thesis.
My previous forecast on XAUUSD was bearish continuation and looking for Lower Low, this is an alternative for Bull Run, key level on lower timeframe by using Andrew's Pitchfork was 1914 then 1860. Trade safe, Everyone!
TATA MOTORS : seems like a bearish triangle formation. Stick to the stoploss and target. This is just an educational view of Elliott Wave Analysis. Kindly do your own analysis before taking the trade. -Happy Trading :)
I think we haven’t reached the EW bottom from the all time high but due to this quick spike we are in a bull trap correction. This is how I see it playing out before ultimately coming back down to possibly 6.25k. My next level up is around 26,5
This is my personal view using the traditional Elliotwave (TEW) for ETHUSD #TEWave \\ If you agree or disagree with me Leave a comment and tell me your opinion \\ if it work boost it make others know (attention) This is not a trading recommendation I just do my hobby.. If you buy or sell based on what is posted here That's your responsibility .
we had a previous analysis stating that we are currently in a triangle or triple combo correction, but after a review and suggesting different scenarios to the same chart we can also have a different reading, and honestly this is more accepted than the previous one, right now i'm not sure if wave 3 has ended and price is making wave 4 but patience is a vertue when...
ETHUSDT 4H Wave Count Hope a sharp correction towards 10K 4h Demand Zone.
OANDA:USDJPY Looking at USDJPY H4 sittigg at support zone. Will the market react to our humble analysis? DISCLAIMER Charts are educational, not investment recommendations
So 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,...
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...
US100-CORRECTIVE RALLY BEGIN: It seems from the chart of US100, it has completed its A wave and the correction of A wave has begin. It would correct in the 3 corrective move of the B wave. It it goes below invalidation level before the corrective wave B then the counting will continue for down move. Regards
Indices at the moment are untradable for me so I looked into fx to see what can be expected there. USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
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...
hi, i am new in Elliott wave.. i made some technical analysis on this Last few hours.. it's made 5 wave up and Corrections A finished, In B triangle.. C will be 5 wave down.. 167% from A ..
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...