Oil in a bit of trouble here, likely entering a 6-10 month bear market correction. Downside target can hit the 618% of the entire 5 moves off the 2020 lows when WTI went negative. Currently a lower time frame A wave has bounced off the 618% fib retracement level of the 5th wave. But we must correct that entire 5 up not just the 5th wave. We should bounce into a B...
I think wave C from wave 2 has been started and first impulse of it is ABCDE. So by this view,we can open our position at the upper trend line and it probably get us target at the end of wave 4 of wave 1. In this project,stop should be set at the top of B from ABCDE (price :0.69830 ). entry: 0.69620 stop: 0.69830 tp: 0.68680 Good luck.
weekly time frame. This is abc correction on a macro look of bitcoin! You can see this on the screen and as with the guide lines for c waves are that they typically extend to the 1.618 of wave A and we look to have pin point the 1.618 at 17.5k! If anyone has any thoughts on this feel free to let me know! @MelvinsMoves
it want to complete wave C from flat correction. And to do this,it should generate a 5 wave to down. Because we have a Expanded flat,there is most probably to break point A.
Bitcoin entered a distribution zone(down flag formation) again. It has a higher chance of breakout down again to complete an Elliot Wave Trend. (Not investment advice)
Hello guys, this is what i found for the continuation counting from my previous post. A running triangle appeared in wave 4 of wave C. We were expecting the price to go beyond wave 5 in the area of RM3069 (to complete wave C) Well, i could be wrong but luckily my expectation of alternate wave in wave 4 did happened. This is just for knowledge & educational...
Just an idea, speculation. This could indicate another push down but the macd is still strong and it is above 50 so this can very much be wrong.
Amazon ($AMZN) has gone through hard times as this 2022 crash has given a volatility issue in many stocks, especially tech. Trillions of dollars have been wiped out, but there was a sort of pattern between these stocks like ($AMZN). I discovered these patterns months ago, but I have decided to teach my knowledge. This has long-term issues since it's in the Day...
Trade Plan Instrument: XAUUSD TImeframe: H4 Description, Price has been developing 5-wave cycles on Daily (see embedder analysis). Currently price is developing Wave 5 of internal 5th Wave visible on H4 (Dark blue). Apparently price is sitting at Monthly Support (price 1705.25) with Wave 3 of 5. Price is likely to visit 1746.73 -1753 area for Wave 4 of 5 before...
Nice bounce will be watching how it develops. The initial move up looks corrective to me, but in any case, a Zigzag and double Zigzags have similar most likely targets, so I will be looking in the same area regardless. Some nice confluence in that area. If helpful, please like and follow! Cheers.
XAUUSD was moving in corrective wave for almost 2 years. Last bullish move coincided with an increase in volume. Soon will touch first support at 1680 and could bounce upwards from this level. Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation. Because more hike on...
As per my previous HEW count of ETH, here I bring you my updated count of the Bitcoin structure since inception. I think we're seeing the very first cycle correction since birth, but given confluences between ETH's structure and Bitcoin's, I believe it won't be able to crack the 2020 covid low. After the correction is over, which frankly could take years, the sky...
The daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.
Hello there, it's been awhile since my last published. My apologies for not being actively in publishing the idea like i did before in 2020. Hope you guys are doing good. Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward...
Looking for feedback and tips on this BITSTAMP:BTCUSD count. Also see my bullish count below.
I'd love some feedback on this count Potential double zigzag in play on COINBASE:BTCUSD
Now bitcoin is in corrective movements. According to Elliott, it is in the dominant zigzag pattern. Any growth in this pattern is an exit opportunity and somehow a rest for further decline. After completing 5 waves of wave C There are two predictable scenarios First, the continuation of the correction. In this case, this coin will grow during three main waves, and...
Wave IV as Expanded Flat pattern. Unfortunately, we haven't finished Wave C of IV yet, which means the bottom still not in. The bottom price target is around 15k IMO. Wave 3 of C could be complete though. (17.6k) I strongly believe we're in the corrective Wave IV and still have the impulisve Wave V left.