Elliottwavecorrection
EURNZD Trade Idea - Elliott WaveLet’s discuss the price chart of the EURNZD currency pair based on the 120 minute timeframe.
From the Elliott Wave perspective, the price action is moving in a corrective channel within Wave (iv). It is approaching a critical Fibonacci retracement level of .618 which should act as resistance.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1st (red vertical line), and is projected to form a bottom on April 25th.
Based on this, we can expect prices to break below the corrective channel and head lower from there. Beyond that the low of Wave (iii) will act as an important support level, however, this leg down which would be wave (v) should ultimately break below this level.
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MSFT: Sell Zone is 325-330MSFT is finishing up its 4th wave pullback. Mega caps don't typically experience deep retracements, so the .382 retracement is the perfect buying zone. In the next day or two MSFT will resume its uptrend to complete its 5th wave up to the $325-$330 region. After that, MSFT will experience a 2nd wave pullback to approximately today's levels.
US30 Dow JonesDow jones looks like we have completed the 1st impluse wave , so i feel we need some correction towards my target then we will be moving towards the upside high highs boom !
Elliott Bitcoin Analysis1- Bitcoin has entered a correction wave.
2- Wave B was a triangular wave that had ended.
3- Wave C has started and the price is expected
to move as much as the wave A (PRZ 2) .
4- In the most optimistic case, the price of ABC
correction wave is expected to correct as much as
61.8% of all 5 previous uptrend waves, which will
be exactly in line with the floor of the long-term
uptrend channel for several years (PRZ 1 ) .
FB: Buy zone is 205-210FB just completed a 5-wave move off the low. This is a good sign that the stock has indeed bottomed. What comes next is the W-2 pullback. The standard fibonacci retracement targets for a pullback are .5 and .618, which translates to a buy zone of 205-210. There are also bearish divergences in MACD and RSI, indicating that the uptrend is exhausted. I do not own shares of FB, but if I did, I would be selling covered calls against my shares to protect my downside over the next week or so. FB should reach about the $300-$350 region this year.
LUNA / USDT ELLIOT WAVE LUNA / USDT ELLIOT WAVE
Impulse dalgasının ABC düzeltmesi bitmiş ve öncül Diagonal olmuş gibi duruyor , bu yeni bir Impulse dalgasının 1 dalgası olabilir. Eğitim amaçlıdır yatırım atvsiyesi değildir.
ABC Flat, wave 4 macro finished?I'm still having this possible scenario. The bullish structure of the new impulse upwards from January 24th is only valid if we don't go below these levels we are now. Losing them will send us at least to those low levels again to finish the 5th wave down of the ABC the correction.
ALLY Wave 4 Completed?Hello everyone, I wanted to share with you all what I'm seeing with ally. I believe Ally has completed a flat wave 4 correction. I have outlined 2 pink lines, one will invalidate the flat correction thesis and the other will validated. In other words if Ally breaks and closes below $44 the pattern will be invalidated and a larger correction will probably be in play ; on the other hand if ally breaks and closes above $49 the pattern will be valid and longs should be considered. I hope this helps some of you. I'm not a financial advisor, I'm only sharing what I'm doing. Good luck everyone!
XAUUSD Elliott Wave Forecast - Wave C UpdateAs previously mentioned, price should now be in Wave iii of C (please refer to linked idea below).
Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure.
We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now also appear complete with wave (C) reaching the 123.6% of wave A.
The final 5 waves of the 5-3-5 should now follow, either in an impulse or diagonal. The near term price objectives for these final 5 waves are 1816 and 1825. A further extension towards 1836 is possible and also a level where price should see stronger resistance if reached.
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BeyondEdge
Your Edge Is Your Perception. Go Beyond.
BTCUSD Elliott Wave Forecast - Wave 4 Correction (alternate)The chart depicts my alternate count for the current Wave 4 correction. I believe we are in the final impulse sub wave C which is close to completion.
For those of you who are unfamiliar with this; a flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC).
As BTC had printed a more complex correction for Wave 2, alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4. The simple correction here is in the form of a Running Flat. Please see linked idea below for the Expanded Flat scenario.
I am currently leaning towards this alternate count. The Expanded Flat scenario will only take precedence should price drop below 28.6k. If this level is breached, we can expect further depreciation towards the 24k-25k level.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Its A TRAP!!!The market should finish Intermediate Wave 4 today, possibly in the morning before we head down again to Groundhog Day. My models have the most agreement around 4436 for the top so that is my conservative top for now. Wave 5 still needs to take us below Intermediate Wave 3's bottom of 4222.62. Earliest guess is a bottom south of 4100 and relatively quick. I will readjust once wave 4 data is finalized.
Great news for most of February as it is rally time. But the rally will be short-lived. Earliest forecasts are gains around 11% off the bottom but this could change. We have one more major fall set for end of February and most of March. After that we will work back toward all-time highs.
Regarding the gap this morning is Fed-hype, maybe hoping the "jobs data" will delay the Fed's action. But reality will set in after the meeting that inflation is out of control, hence the drop to end this month. Then short-term memory will forget the last month as large company earnings trickle out in February which likely paints a semi-rosier picture than what we had from the inflation fears. Inflation is here to stay, the new prices we pay today WILL BE the lowest prices we pay from here on. Businesses will not slash prices once people are accustomed to paying them and the businesses are complacent with the profits.
XAUUSD Elliot Wave Forecast - ZigzagPlease see linked idea below.
A wave 2 correction is typically in the form of a Zigzag (5-3-5) thus the final Wave C subdivision should consist of a 5 wave structure as depicted in the chart.
Sub division breakdown:
Wave (3) was shorter in length from Wave (1) which indicates that the final Wave (5) will be shorter than Wave (3).
There is a possibility that Wave (4) is not yet complete and could further extend lower than today's low towards 1824. A move above 1843.24 will rule this out.
I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.