Get started

Elliottwaveforecasts

BTC Getting Ready to DROP - Read for more info!Bitcoin could enter a strong 3rd wave down soon which would likely send the price down to as low as 20700. Due to the formation of the 5 clear waves in orange, the next major move looks like it will be a steep drop down. A good entry on the short is at the Entry prices shown below. The volume profile on the left hand side shows a significant amount of volume at the 28000 price level. This price is also at the 50% retracement of all 5 orange waves, so this would be an excellent place to enter a short position. In addition, we have the upward sloping white trend line and the 0.618 (golden ratio) retracement at 28740 which would also be an incredible place to enter a short position. The stop loss is placed at the top of orange wave (1) because if the price goes beyond this level this count becomes invalid, although this seems highly unlikely to be reached. The take profit shown below is at the price equal to 1.618 * the length of waves (1) to (5) taken from the 0.618 retracement of all 5 orange waves. This is a common ratio for price to reach during a '3rd' wave down (which this would be if it plays out). According to Elliott Wave Theory "The 3rd wave is usually the longest and strongest". Entry Prices: 28741, 28056, 27387, 26897 Stop Loss: 31085 Take Profit: 20700 Disclaimer: Not financial advice and only intended for educational purposes
BITSTAMP:BTCUSDShort
by TradewithLu
$DXY -Debt Ceiling Scenarios *2W All Eyez on TVC:DXY ! The Fate of other Financial Markets is to be decided on X Date of Debt Ceiling Important Candlesticks prints on *2W and *W Dollar Index seems to been having stuck between the range of 100.8 - 105.9 so far speaking of 2023's Price Action However, with the incoming decision of Debt Ceiling this range can very well be violated on it's borders ; wether to the downside or upside that has yet to be seen : - Bearish case'C' wave on ABC Correction) - Bullish Case Impulsive Wave1 from 1-2-3-4-5 Elliot Waves) Moreover, With the breakout of Red Trendine Resistance, wave one is about to come in to fruiton while yet needing to clear the last Lower High of the downtrend to create a Change of Character of the Donwtrend. Breaking above last LH and holding support (Wave B) also confulences with the Golden Zone of Fibb taken from 114.7 High to Lows of 100.8 (Wave A) TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking any trading related activities based soly on this idea.
TVC:DXY
by Mr_J__fx
Nifty50 Day End Analysis 2023.06.06NSE:NIFTY currently into iii (pink color) of 5 (orange color) of 5 (blue color) of 3 (gray color). Wave ii (pink color) retraced wave i (pink color) by 61.8%. As Nifty is currently into Wave iii (pink color), expecting Nifty to take out the trendline (purple color - from ATH to recent high) resistance around 18650 by providing a gap-up opening tomorrow above that level (this is because in 3rd waves, critical resistances are normally taken out by having a gap-up or gap-down opening). Expecting Wave iii (pink color) to end around 18750 which is 161.8% extension of wave i (pink color). View remains invalid if Nifty closes below 18560 on hourly candle.
NSE:NIFTYLong
by MalayKJ
APPLE (AAPL) Analysis - W3 develop Save time. Technical Analysis in just a few words. Daily Timeframe. AAPL is currently developing a bigger 3rd Wave on the upside. Long term direction: LONG It looks like Wave 3 is still unfolding on the upside. A correction will come soon, then a final Wave 5 will push on the upside (probably by the end of the year). That's it. Have a nice day! DISCLAIMER: The ideas shared in this context are strictly for educational purposes and should not be considered as financial or legal advice. Each individual bears full responsibility for their own trades and decisions.
CAPITALCOM:AAPLLong
by YExplore
📐USDCAD: Long term triangle●● Preferred count ● USD / Canadian Dollar, 🕐TF: 3M Fig.1 Friends, hello! Finally got around to the weekly public update. As you already understood, today we will analyze the USDCAD currency pair. The calculation of historical data presented in Fig. 1 has not changed: I still believe that a series of impulses waves and sideways corrections can be interpreted as part of the emerging long-term diagonal. The only thing that is very confusing in this markup is the significant discrepancy between the wave degree and the size of the " (B) of Ⓦ " and " Ⓧ of I " waves. As a norm, Ⓧ should be greater than (B) of Ⓦ , but in our example the picture is reversed. In the future, this problem can be solved by expanding the boundaries of the triangle Ⓧ of I . Fig.2 The second option for marking long-term waves suggests considering a series of sideways corrections as fourth waves within the impulse. Thus, the historical top formed in 2002 is the finale of the impulse, presumably within the framework of the wave Ⓐ of I . All subsequent wave counts will be based on the first variant (Fig. 1). The idea marked in Fig.2 came literally today and still requires some reflection and elaboration on smaller time intervals. __________________________ ● FX:USDCAD , 🕐TF: 4D Fig.3 So, in the context of the wave count, which is currently considered as the main scenario, the sideways correction (B) of Ⓨ in the form of a triangle A-B-C-D-E is supposed to develop. Within the framework of the triangle, sub-wave A is a double zigzag, which means that all subsequent sub-waves must take the form of exclusively single zigzags ⓐ-ⓑ-ⓒ . We should also remember that a double zigzag in wave " A " of a sideways correction can be not only within a triangle, but also within a flat. __________________________ ● FX:USDCAD , 🕐TF: 1D Fig.4 On the daily and smaller timeframes, we again encounter variability in wave counting. Now the sub-wave ⓑ of C can transform from a zigzag into a triangle, a flat or a combination. __________________________ ● FX:USDCAD , 🕐TF: 8h Fig.5 __________________________ __________________________ ●● Local alternative count ● FX:USDCAD , 🕐TF: 4D Fig.6 Well, now let's see what alternatives can be for a triangle and a flat, indicated in Fig.3 . The first thing you should pay attention to is that wave (B) could be completed in the form of a double zigzag W-X-Y . This is the marking we had as the main scenario until a series of the first and second waves within (C) of Ⓨ did not bog down in the sideways, which is marked ⓧ of 1 in Fig.6 . __________________________ ● FX:USDCAD , 🕐TF: 1D Fig.7 If the price exits the flat trend upwards (along the path of the red dotted line), then most likely priority will be given to this scenario. __________________________ __________________________ ●● Alternative count ● FX:USDCAD , 🕐TF: 4D Fig.8 An alternative scenario, which involves expanding the boundaries of the triangle Ⓧ , we discussed in previous updates. Earlier the wave X of (C) was considered as a zigzag, now there are reasons to wait for the wave X in the form of a triangle. I did not succeed in solving the problem with counting the impulse A of (B) of Ⓧ , and for this reason, the implementation of markup, in my opinion, is less likely, as before. As you can see, even applying a number of strong guidelines in your work, it is not always possible to minimize the number of possible ways for the development of the market structure. It remains only to wait for the manifestation of a readable form of the model in one position or another, compare it with the available wave counts options and adjust the trading plan as information becomes available. ______________________________________________ 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
by TradeWaves-EWA
1
SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
AMEX:SPY
by HelioHelix
2
DJI looking for upside resumptionGood morning all! I'll be breef as I the count kind of speaks for itself. It looks like we are ready to resume higher into wave 3 as we are looking at what appears to be a clear three wave move into wave 2. It looks like TECH will be giving a break and VALUE will come back strong into sector rotation. CHECK OUT my previous post on the NASDAQ which played out perfectly, let's see if this post will have the same faith. Feel free to ASK me questions in the comments. Enjoy the weekend and trade safe!
TVC:DJILong
by EWFAlessio
Weekly Update: The Triangle Count was Invalidated, Now What?Since the December lows of 3788 ES, I have been tracking a triangle pattern that would have reconciled higher in my target box for a larger B-wave. Readers can look at previous postings to see what I have been forecasting. Last week, SPX Futures breached the 4208.50 level. So, with that, the final micro target of an e-wave was invalidated and thus the triangle count abandoned. With respect to a triangle pattern, two topics I continue to share with my members in our trading room is (1) Triangles are rare patterns, and (2) they typically invalidate between the D and the E wave, only to reveal a much simpler pattern. Yes, it is true price patterns can become complex when in the midst of a counter trend corrective rally or decline. However, I tend to keep my labeling simple rather than defaulting to the complex as many of these patterns tend to be viewed as simple zig zags in the rear-view mirror. That is what we have been presented with now that price has invalidated the more complex triangle pattern as featured above. Here's where things get tricky. For the Elliott Wave uninitiated, after an A and B waves you get…” Wait for it” …a C wave. Anyone who follows or practices Elliott Wave Analysis would agree when I say that a C-wave feels like a Crash when the reconciliation is to the downside, or a parabolic move when the trend is up. If you wish to challenge that my determination of that feel free to post your comments below. I will admit in the short term, there appears to be some work to do to the upside for our A wave to equal our C wave higher. But here’s the most important piece of information I share with you today. With the breach of 4208.50 last week, I now have the minimum waves in place to consider this counter trend rally complete. However, as of the time of my authoring this weekly update, I have no immediate information that our upside pattern is complete. Let’s discuss what I expect now, and what clues we will see before such a “Crash Event” lower is underway. My Expectation: Let me start with the mathematical sweet spot for the counter trend price action to complete and reverse from. That price point is the .618% Fibonacci retracement level up at 4309.50. That would mean we have about only about 2.8% upside left to go from current levels. However, the reasonable target area higher (above the .618% level at 4309.50) could extend at maximum to the price area of 4529. That is the .786% retracement level. In fact, prior to that level, price would have to exceed the 1.0 extension level higher at 4517. So, let’s assume that everything goes right with the Fed, Inflation, the Jobs Market, and Not to mention the debt ceiling…4529 would be the statistical anomaly for higher price action. So, what’s my expectation higher: Provided we do not breach 4062.25 then I think it’s reasonable to expect 4309.50. Below 4062.50 and the possibility we are in our C-wave down to NEW LOWS, starts to get higher. Disclaimer: If you have gotten this far in this post then you have read all of the above. Many of the comments I receive here on TradingView...are from people who scan my posts...but have a lot to comment on...al of which I address within the context of my posts. Just like trading...reading is hard. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
BTC analysis Trend, Elliot waves, Hurst Cyclemy pov: We are at the button of a longer term bullish channel starting Nov 2022, within that channel also in a smaller bearish channel starting from 14.04.2023. IF BTC manages to quit the long term channel, we might see 18-21k, or even lower. If not, we will continue the bullish channel up, which happened in March 2023. The wave 4, which we are in right now, is correctiv, has room between 25-21k down. That BTC did not buttom yet, hurst cycle is a good confirmation as we still expecting 2 low troughs in June and July 2023. Right now, bulls and bears are in balance, as we see in the trend channels. Please share your ideas on this.
by kiaZar
Knock Knock Bitcoin, are you there?Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}. With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any reasons not to be bullish. I'll keep it monitored, but all I can see is that there are no conditions to open any trades nor long or short, but that is obviously my own opinion based on the way I trade and my own experience. As always, these is not financial advice, but feel free to ask questions if you have any! Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
3