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Elliottwavecount

Possible leg up in Elliott Wave count for BTCI just analyzed the run up from bitcoin in Elliott Wave theory and it was quite difficult to define the last correction, as it is somewhat vertical. But continuing the Elliott cycle, there is theoretically, also due to the subdivisions seen in lower capitals, only 2 types of correction possible: ABCDE or a complex WXYXZ. If we would stay in the 'not so nice' but validated symmetrical triangle, we would have a ABCDE with shortened D and E correctional wave. If not, we could have a longer horizontal continuation which would get out of the ascending parallel. In case we are clearly going down the large ascending parallel, my Elliott count is wrong, and the ratio in divisions and subdivisions isn't correct. Though the abc subdivisions of the last larger correctional wave is in my opinion a higher probability, they are just shortened in to time and thus hanging on a horizontal level, which indicates again the symmetrical triangle. Also we still have the larger inverted H&S preceding, with an outplay to 68 or 70K.. In white and visible wave, the first possible uptrend in a subdivision 12345 Elliott wave impulse.
COINBASE:BTCUSDLong
by Wolverinos
2
SPX Elliott wave count daily. 101 probable count1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed here just an amazing similarities (chart # 1). 2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind of supporting this idea of an extended 1st wave. Here it is below (chart # 2). 3/ Combining these together kind of make the argument for and extended 1st wave is more probable, or not. 4/ So what's next, well Elliott Fibonacci Retracement and Extension Guidelines for an extended wave 1 as follow: If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1 If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%) If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) 4/ That's would put the probable target for this bull's move since March's low between .61-79 fibs with minimum requirement @ 4122:
SP:SPX
by samitrading
ZIGZAG CORRECTION IN GOLDAs recently GOLD (XAUUSD) was rising, we have recognized the completion of the five waves up followed by lower degree five waves down. REMEBER: Five wave move against the major trend indicates the beginning of correction, specifically ZIGZAG CORRECTION. Therefore, we expect ABC zigzag correction that later will be followed by continuation of the trend to the upside. The same movement is expected to take place in SILVER (XAGUSD), therefore you can capitalize your self through this positive correlation. WHAT ARE YOUR OBSERVATIONS ON THIS, PUT THEM IN COMMNET SECTION.
OANDA:XAUUSDShort
by ASAMForex
5
🍫The Swiss franc continues its global growth against the dollar●● Mine scenario 🕐 1M FX_IDC:USDCHF Most likely, the sideways correction is unfolding by wave (b) in the form of a contracting triangle , followed by a downward exit in a five-wave structure (c) . The wave count allows you to keep the ratio I > III > V on a logarithmic scale. 🕐 1W FX:USDCHF 🕐 2D FX:USDCHF Pic. 3 Pic. 4 In the daily timeframe, there are two co-directional count options: with a single (pic.3) and a double zigzag (pic.4) in the wave b of (b) . The first of which allows us to consider the transformation of one of the subsequent subwaves c , d or e to a multiple zigzag or triangle . 🕐 4h FX:USDCHF Wave 3 of (3) is likely to be extending. Next, a series of corrections is expected in the fourth waves, at the end of which, under certain conditions, a long position can be set. ●● Alternative scenario 🕐 1W FX:USDCHF The alternative count of the higher wave degree still has the probability of transforming " Supercycle " (b) to a double zigzag w-x-y . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
7
BTCUSD 15 m / short term /Very hard correction. wave abc / blue / is zig zag wave c / blue - diagonal wave abc blue - create wave (a) /yellow/ wave abc white is zig zag and create wave (w) white. wave (x) is connector wave 12345 white is expanded diagonal for create wave (1) green wave (1) - (5) green is leading diagonal for create wave a orange Wave b orange is zig zag wave 2 white is zig zag wave 4 triangle or flat ( in this time ) One more Up for finish all waves ... wave 5 white, for finish wave c orange, for finish wave (y) white and finish wave (b) yellow. This is the full EW count
BITSTAMP:BTCUSDShort
by okiots
3
🚗 Tesla (TSLA) — batteries sat down, let's go to charge 🔋●● Mine scenario ● 1W NASDAQ:TSLA "Price charts are great for predicting ... the PAST," Peter Lynch once said. In addition, price charts of the past are a great tool for predicting the future with high accuracy, if, of course, you are familiar with the theory of Elliott waves. The exit up from the big triangle was expected even in October 2019 . ● 1D NASDAQ:TSLA Our previous targets of 820 level have been achieved. It is possible that the decline has already going in the wave (4) of ① in the area of the Minor degree wave 4 , in the range of 500-330 . ● 4h NASDAQ:TSLA Wave (3) has reached the key level of 161.8% of the wavelength (1) . Wave 5 of (3) of ① = 161.8% of 1 . The top of wave 4 divides the impulse (3) in the Fibonacci ratio. ● 45m NASDAQ:TSLA But. I haven't seen any good options yet to decompose the descending waves from the historical top into a series of One-two, one-two waves. Even the breakout of the 682 level, there will still be a probability of continuing the formation of ((v)) to the Ending Diagonal, as schematically demonstrated in black . In general, I consider the current decline as a local correction, but in the case of a downward formation in the form of an Leading Diagonal or impulse, at the end of the subsequent correction, I will open a sell trade with an eye on another descending five-wave as part of A of (4) . ●● Alternative scenario ● 1W NASDAQ:TSLA An alternative count of the senior degree. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
NASDAQ:TSLA
by TradeWaves-EWA
7
🧮 Elliott Wave Pattern. Combination: "Double Three"●● Combination ( CMB ): "Double Three" The SZ (FL) -X-T combination is the most common. ❗❗ Rules ● A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X . (The first corrective pattern is labeled W , the second Y ) ● A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle. ● Wave X is any corrective wave. * ● Wave X always retraces at least 90 percent of wave W . ● Only one of the W or Y waves can appear as a single zigzag. ● Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves W , Y or Z . * most likely, except for the triangle. ❗ Guidelines ● The X wave is often 123.6% of the W wavelength. ● When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4 , the preceding wave 2 ), a combination is likely. ☝ Notes ● An expanding triangle has yet to be observed as a component of a combination Elliott Wave Principal 2005
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
4