BPT Regular Flat in (B) Simple Zig Zag in ((2))Expecting price to correct upwards between $13.73 and $16.49 in minor C followed by intermediate (C) in ((2)) to between the 61.8% or the 85.4% trend based fib extension. Invalid below 0.5525 cents.
Elliottwaveforecasts
XMR Missing Corrective waveWe still lack one more leg down before fufilling larger scale wxy on Elliott wave. Good entry for short here. On the smaller fractal of WXY we're just missing that X leg.
TQQQ bullish scenario This is the bullish scenario for TQQQ i think we will hit the support at A but a reversal www.tradingview.com could take place at that point
XAUUSD GOLD Don't miss the next wave , it will be more effective i am expecting gold towards 1700 in upcoming days/ weeks , the ride of c wave :)
XAUUSDSomething like this loading in my mind on gold ! dump is incoming , ! let's see how it plays out !!
Financial Wave. WheatIn past reviews, we considered the $760 level as critical for our upside scenario in our preferable variant. The price of wheat fell below $760 and the most likely scenario is to continue the decline to the next target level of $600. Today's close above $760 will resume the uptrend.
Leading Diagonal DaxThis idea shows a leading diagonal motive for a bigger wave a.
Wave B should find its top in this region an than start to drop in wave c
USDCADUSDCAD , Looks like a bullish movement incoming in upcoming days ! With the elliott wave theory , 5th running :)
silver is about to go downaccording to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5 of wave Y terminates at exactly 23.514 which is .618% of the net price action movement of wave 1&3 which indicates the completion of the fifth wave.
EURAUD is long term bearhere is a fact EURAUD has a valid sell structure from head and sholder and flat pattern for EW traders
KWEB (China Internet stocks) seems to be ready to outperformThe ratio of KWEB/QQQ seems to have completed its bearish pattern and ready to rise. Support around 0.06, targets/resistances at 0.14 then 0.21.
Gold 2016-2023 - Elliott Wave Analysis
23hr chart. Short term bullish , but the first 2-3 quarters of 2023 may be bearish.
(Note there is a small intraday truncation of the green wave (v), but it seems justified by the confirmed bearish retracement and it doesn't appear on daily chart .
Image ref: priceactionhelp.com
AUDUSDBuy audusd
Looks juicy ! we are in wave 5 , it will go higher highs above wave 3 . expecting target 1.618 fib extension
$BTC #BTC #Bitcoin #Elliottwave CLEAR BUY SETUP.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
ETHUSDT 4H ELLIOTT WAVE ANALYSISDisclaimer
This is not actually 100% correct analysis
Trade at your own risk
SP500 Short OpportunityHi traders,
SP 500 is in a corrective cycle that started at the beginning of 2022. We do expect further down to end the WXY corrective structure. This will create new lows and it will break down the 3480 level.
Considering that, we can take advantage of it by trading the end of B in the intermediate degree (blue) and riding the whole wave C before ending the corrective cycle WXY of wave 2 and starting the new bullish cycle.
Short potential idea:
Entry: 4144
SL: 4442
Target: 3210
Risk: max 2% of your account
Always keep in mind that risk management is, at least, as important as the entry-level or the SL. Remember the quote “If you do not manage the risk, you will not have any risk to manage”
The market is always repeating the same type of defined structures. There are only two main wave types: the motive wave and when the motive wave ends it starts a corrective wave. Within them, there are only 3 motive waves structures (Impulse, leading diagonal , and ending diagonal ) and 5 main types of corrective structures (ABC, WXY, Flats, triangle, WXYXZ (triple correction))
Learning them and being able to spot them in the price action graphs will completely change the way you trade as these structures will provide entry point areas, invalidation levels, and targets for the trade.
Have a safe and profitable trading day
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it is only the explanation of what we are going to do and it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
$DXY Near Top?This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
FUTURE OF $BTC #ELLIOTTWAVE ANALYSIS #BITCOIN #BTC FORECASTThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Short AMBUJA CEMENT with 1:17 RRAmbuja cement is going to fall near about 17% and the stop loss is near to 1% only.
Best time to get the maximum reward.
These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case:
Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the reward is maximum.
Also, wave 5 is extended towards a time high and should be retracted. Half of wave 5 is already retraced and half is left which should be retraced by wave C.
The stop loss is 524 and the target is 426.
Happy trading, guys.
BAC - Bank of America (full monthly chart)A difficult chart to label. On an linear scale it looks like an expanding ending diagonal, BUT on a logarithmic scale it looks like a contracting ending diagonal. I chose the latter, even though it, in theory, violates the rule (the first wave is shorter than wave 3). Still, the rule is not violated on the linear scale. It's also possible the move is an impulse wave (in that case the diagonal would be a leading diagonal), but the initial wave 1 of the higher degree looks more like a zigzag.
The bottom line is - if the price doesn't enter the price territory of wave 1 (around $19+) it invalidates the pattern and would suggest an impulse wave.
AMZN | Wave Projection | Upcoming Fakeout Head & ShouldersPrice action and chart pattern trading:
> A possible ABC downtrend correction scenario with a upcoming fake breakout head & shoulders formation
> Key dynamic resistance EMA50W and EMA160W
> S Entry @ EMA50W and downtrend upper resistance zone
> TP1 @ 0.786 fibo extension +35%
> TP2 @ 1.0 fibo head & shoulders target +45%
> SL @ B-wave head position -15%
> Risk reward ratio: 2:1 and 3:1
> Indicator: RSI week bullish momentum supporting the uptrend resistance false breakout
Always trade with affordable risk and respect your stoploss, nothing 100%
