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Elliottwaveforecasts

Elliott Wave Cheat SheetAlthough Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better. Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent wave. At the same time, please use discretion while following this cheat sheet as this sheet covers only the basic aspects of Elliott Wave principles. Keep (l)earning and keep sharing!!
NSE:NIFTYEducation
by MalayKJ
3
BTC USDT ELLIOT WAVE , Market Maker , Pattern AnalysisBTC USD. I was going through the charts and found a pattern that could play out... Of course, everything here is definitely NFA. This is a 1H BTC chart. This anlysis combines Elliot Waves, Market Maker strategy along with some basic technical analysis . The green background showing were done with the first 5 waves and on the red background part price is currently sitting on the beginning of the last third leg. I use channels for S/R , and fib circles for timing the moves. I think if we might see a move when we cross the circle, or close to it and since the wave cannot be considered if the price breaks the previous higher high, and we have already seen previous waves develop, i have to assume the pattern is valid, and we may see 20141 as highest it can go.... for now.. maybe. Ill add some more confluence...The chart also has 3 vector candles that need to be recovered marked by the red arrows on the chart .. which gives it an even higher probability of the drop. The pink line and the green arrow is showing where we could see the last point where it could bounce from, before heading down.. The Cyan line represents the measured move we could see in the next leg.... which also adds to the confluence of this idea... There also an alternate version of the chart, which expands the fib circle a little more just in case the price lingers on a bit, but i would still expect a move right around where the next ring crossing is. Comments and Thoughts are welcome..
BITSTAMP:BTCUSD
by NashtyBoy
2
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k). It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom. The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
by reiiss7
4
Last stand for BTC BullsThere is a lack of a clear impulsive structure to the upside which makes it difficult to clearly say whether or not the price action is bullish or bearish . This is the only real bullish count that would pave the way for new all time highs. If we assume that ~17,500 was the bottom then we are looking at an impulse in minor 1 a complex correction in minor 2 and a three of three extension in wave ((i)) of 3. The price rejected at 24,666 which is the 1.618 of W in the bearish count so in order to consider this current move a wave 3 we would need to see that pivot get cleared. Price below 20,670 will invalidate the bullish impulse since wave (ii) will have retraced >100% of wave (i). It's important to note that the volumes are very low for a wave 3 which casts doubt on the bullish count.
COINBASE:BTCUSD
by HelioHelix
ETHEREUM Has Turned Into A WXY and this is what it means... Welcome to NewWave Traders Here you will find that I use Elliott Wave as my main pattern identification system, however I pair it up with 3 other components to create the NewWave System that allows me to navigate the market the same way, thus providing consistency in my trading results, confidence in my execution and makes trading much more enjoyable and reliable. Follow my trade ideas and I'll be keeping them updated weekly every Monday for #BTC and #ETH and Every Friday for #Altcoins. Today's chart is on Ethereum. It was climbing impulsively, but the last leg it printed with a hard rejected made a 7 swing pattern shifting it to a wxy as the top no longer qualifies for being an expanded B wave. The rejection was hard enough to be seen as impulsive, which places high probability on it being the first wave of a larger pattern. As such, I'm looking for a larger B wave rally to show bullish strength as we can then consolidate sideways with higher probability vs. A shallow rally that gets rejected under the .618 fib retracement and the red supply block which then places more weight on the impulse down printing. As of this analysis I think the green ABC will be the one to play out, but the inflection point between the 2 counts is still a bit away and we'll know more on the retracement in the short term. See my signature below on how to connect with us further to help you with your trading.
by NewWave_Traders
1
Ambuja Cement This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long. Overall wave structure on daily time frame Macd in daily positive crossover and Uptick and also above zero line Macd in weekly positive crossover and Uptick and also above zero line RSI trendline breakout on daily time frame, uptick and also above 60 Price pushing upper bollinger band to open more upside RK's Mass psychological Cloud buy activated Dmi adx also positive on daily time frame Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:AMBUJACEMLong
by RK_Chaarts
Crude Oil (1D) Correction probably finished, Ready for Rally ? Hello Traders, Seems like Crude oil formed amazing 1:1 (A:C) Corrective pattern as setup for next Bullish Rally. So there could be several more months with prices and gains for miners. Also it could cause increase of Inflation and Electricity prices. I´m staying out of this market, because I really lack experience how to play it (Any advice in comments is highly appreciated). My best guess is to find some undervalued Oil Miners if its still possible. (well played with OXY Mr. Buffet)... Enjoy the markets and stay green ;)
BLACKBULL:WTILong
by Longevity_Contrarian
2
Could I have cracked a code! US30, DJIA, Dow JonesIf we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is the peak of the (4th) part of the wave, we could see a down turn from here to the 5th and final leg down to the Dow being approx. 26,811 in 60 days OCT 17th 2022.Then a possible bounce back up from this market correction.
UShort
by bobbyguerrero213