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Elliottwavecorrection

Gold trading in weekly time and correction my past ideaIf we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave. In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave or slightly larger Of course, in the last box, the goals of 3 Wave are shown as Fibo OANDA:XAUUSD FOREXCOM:XAUUSD
PEPPERSTONE:XAUUSD
by mohammadjokardarzi
Bitcoin - What if I told you something like this is possible?There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility. This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle. It's always good to know and understand the possibilities. As I have mentioned numerous times before, it's also possible that wave 5 ended at the ATH. It's also possible that the ATH is only wave 3 and the current three wave pullback is wave 4. This is just one possible pattern that could play out. There are often multiple possibilities when price prints a range.
BNC:BLX
by Chris_Inks
9
Vanguard Russell 2000 | Huge ABC correction inbound | $VTWOA five wave primary Elliot wave cycle has ended. A primary ABC correction will now take place before another primary downtrend begins. After two bear cycles there will be consolidation and reversal. Bull trend will follow consolidation. 1.) We have a right angled broadening bottom in progress 2.) We have an Adam and Eve double bottom on 1 hour and 5 minute charts 3.) The market is at exhaustion as the price cannot go lower than the mornings dump 4.) The daily chart show that the 5 elliot wave has stopped exactly at Fibonacci extension 1.236 of the 4th wave
NASDAQ:VTWOLong
by motionrelative
SCALPING ETHGood day traders, **FEEL FREE TO UNZOOM THE CHART THE GET EVERYTHING and LOWER OBJECTIVES** Today we keep looking at the ETH movement finishing its second X of the WXYXZ. 1/ It has reached its FIRST objectives at 2633 ///-----> 123% of the C of the white ABC But it is supposed to hit lower, where you have stronger objectives, and it is the same for the BTC and for the NAS100. 2/ Therefore the SECOND objective is at 2543 ///-----> 161,8% of the C of the white ABC ////------>113% of the C of the red ABC 3/ Moreover, the THIRD and strongest objectives is at 2510-2473 minimum ///-----> 123%/127% of the red ABC ////------> 127% of the C of the orange ABC /////-------> 85,4% retracement of the Y
COINBASE:ETHUSD
by ModTrades
APE 3 NEXT MOVES PREDICTION BASED ON ELLIOT WAVEIf there is one thing I love about APE it is the way it respond to Elliot Wave analysis. Wave 1 ending at $17.298, wave 2 respected the Fibonacci retracement level of 0.786% at $9.505 then consolidated forming the a,b,c,d,e corrective Elliot wave 2. After breakout we see the 1.00% Fibonacci Extension perfectly at $19.580. (now this is where the trap occurs most time this level are not perfectly respected they tend to poke out a bit) and that is why I have set a tight stop loss above $19.580 but I am confident based on how APE has been respecting these levels perfectly. And yes this is what I love about APE! Furthermore the next retracement downward (you can take a short position at set target at ($17.150 - .120). If APE continue to behave nicely as it has been doing then we will see upward movement from ($17.150 - .120).
by DewyCandles
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, GBPJPY has completed a 5 wave impulse up of two degrees, specifically, Minor Wave 5 and Intermediate Wave (5). The price has recently broken below the bullish channel of Minor Wave 5. Most momentum oscillators are also forming a bearish divergence pattern. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 18 (red vertical line), and is projected to form a bottom on June 28. Based on this, we can expect prices to head lower to at least the 38% Fibonacci retracement level of the prior impulse. This will serve as the first area of support, but price should move beyond this level at some point thereafter to test the 50% Fib retracement level. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup