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Elliottwavecorrection

ES Mid -Term Correction in Play? S+P 500 DownWe have two pretty good EW Counts - A complete eight cycle, followed by a another five wave impulse, meaning we could be looking at the start of at least a short correction Wave 8. Priced touched the 200% fib extension off the last high. Of course we all know we are at an all time high where we have bearish Tweezer Tops and Doji, and also bears divergence with Stochastic rolling over and signal cross low. A retrace to the 38.2 fib - would have the gap completely filled around 2681, for a first target. After that it may very well start back up or you can hold for a bigger wave A down. What ya think ?
CME_MINI:ESH2018Short
by AuthenticTrader
XLMBTC - Completion of a Corrective SetWild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily. Taking a look at the chart, we can see what looks like Elliott Correction after the spike in price, and the completion of Wave 2 today. The pink dotted line being the long term trend, I see Wave 3 taking us up to 1150, Wave 4 bringing us back down around the 1000 sat mark, and finally reaching back up to 1400 with the completion of Wave 5. XLM is creeping along, creating new floors out of previous ceilings. This will be a fun one to watch in 2018.
Long
by epaka
BTCUSD - Elliott Correction to the MeanI know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion. Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. They've kicked in the door in and sprinted into the room - but, first man in the room gets shot. Long term, this isn't going to last. RSI is maxed out. Squeeze is peaked. Everything is primed for a rough crash. BTC 13.55% to drop down to the $11K range due to initial panic, a Bull Trap at $14K leads to a pull down to the long term support line at $10K.
BITSTAMP:BTCUSDShort
by epaka
12
EURUSD Short , 2 possible entriesAs the preceding uptrend may have been completed and we are on the correction phase of Elliot waves , the correction has almost shaped a flat which also confirms the shaping double top considering the decreasing volume in the second peak however the double top has not been confirmed yet. Entry 1 : first short position can be entered based on the completion of the Elliot flat correction ABC and also the decreasing volume that suggests a double top is forming. The target for this Entry would be right above the blue support line. Entry 2: the more appealing entry however is a clean (1% and 2 close prices) of the blue support line which confirms the shape of the flat and also confirms the happening of double top which is a Reversal pattern for the preceding trend (12345 Elliot impulse). The order entry would be a sell stop on the clean break of the blue line; stop loss would be the clean violation of the blue support line (turned into resistance after clean break) and profit targets would be the leg of the double top (around the start of wave 1 on preceding Elliot impulse). please give me your feedbacks :) thanks.
Short
by AliAnari
LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
COINBASE:LTCUSDShort
by jwburnum