SELL OPPORTUNITY ON USDCHFMy EWC suggests we could see a temporary move down of this pair once approached the red area. Be wise if taking this trade yourself and feel free to ask any question.
Elliottwaveforecasts
BTCUSD Wave 4 Drop is done! On to Sub-3 or Super 5!Price broke the corrective channel and has formed an ending Diagonal to finally end the downtrend a week ago! Please follow and comment with your own charts / opinions. Thanks for checking me out!
Not a professional, just learning all of this, do your own due diligence before making any trades!
GOLD To The Moon! Will the Prices of Gold Rise to $2500/ounce?Throughout history, gold has been seen as a special and valuable commodity. There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Gold cannot be manufactured like a company issues new shares or a federal bank prints money. It must be dug up from the ground and processed.
Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.
However, before you decide that you need to buy gold immediately, it’s a good idea to take a step back. Gold is an asset like any other - it can rise or fall due to sentiment.
Should You Buy Gold Now? In order to answer this question, let's take a look at the Gold chart using technical analysis.
Elliott Wave Analysis + Supply & Demand
The XAUUSD "Gold" monthly chart above shows that the rally from the 2015 low of $1049/oz has been unfolding as a five-wave impulse pattern. This pattern is labeled 1-2-3-4-5 and the sub-waves of wave 3 are visible from the weekly chart below.
The market is currently trading in wave 4 correction which is about to complete, the price is expected to resumes higher in wave 5 to complete the impulse sequence once wave 4 bottom.
As you can see from the previous fourth waves correction in black and pink, the market resumed higher rapidly in the fifth waves when they completed. This is the kind of scenario that's expected to happen once wave 4 in blue is complete.
Confluence
Confluence occurs when several technical analysis methods give the same trade signal. An area in the market where two or more structures come together to form a high-probability buy/sell zone.
In the Gold charts above, we have a confluence of indicators creating a strong demand area consisting of:
An Ascending Trendline
Supply & Demand Imbalance Zone
20 Months Moving Average as dynamic support
Correction Parallel Channel Support
38.2% Fibonacci retracement of wave 3 advance.
The confluence of technical indicators suggests that Gold will most likely bottom within the confluence zone indicated on the chart and start the anticipated advance soon.
Breaking Down Correction On The Daily Time
The daily chart above shows that Gold decline from its August 2020 high has been unfolding as a double zigzag pattern, labeled (w)-(x)-(y). Correction is usually enclosed within a parallel channel and when it completes the market will resume in the direction of the impulse.
Gold Wave 4 correction will most likely reverse within the blue zone, most especially within 61.8% - 78.6% area.
Entry Confirmation & Targets Zone:
The breach of the $1814.78/oz key level will confirm that XAUUSD has bottomed and the price is now heading higher in wave 5. If this count is correct targets within $2300 and $2500 per ounce are plausible in the months ahead.
Check out my Gold 2019 Elliott Wave Analysis that send its price 30% higher.
What's your thought on Gold? Can the price rise to $2500/oz? Let me know in the comment.
Thanks for reading!
Veejahbee.
Bitcoin Correction isn't OVERMy EWC, suggests that BTC still has more downside to come. I'll be updating when I enter again. After this correction I would expected btc to hit 80k at least before another major correction. Feel free to ask any question.
EURUSD Further upside expected My EWc suggests fruther upside should be expected in a third of a third meaning the move up should be quite sharp. Beautiful reaction from the red area where I entered myself.
PMs - ELLIOT WAVE FORECAST - Gold $GOLDHere is a brief Elliot Wave Perspective on gold:
- Short term outlook is quite bearish.
- It correlates to bullish outlook on equities. I think we have some short term upside until EOQ1 or Q2 on equities.
- It looks likely that we are on Wave 5 which will reach a high of $2275 USD
Bullish scenarios are:
- 1900 High was Wave 5 and we are on a new motive wave (Most Bullish).
- Bouncing at 1600-1700, breaking out of the rising wedge in the short term without retesting the bottom, confirming a new motive wave.
- The current wave 5 will be extended to 3000, but in this case we will still have a correction in the short term (Med term Bullish).
I am a believer that financial markets move the world, and precedes "news"...
From this forecast, we can also speculate that Biden will have a 4year term.
This trend also aligns with the Smart City bubble ($90T USD projected MCap) which should begin in 2030.
BTC ready for a CORRECTION? My EWC suggests that we may see a correction coming up soon, just like I said on my Youtube channel, into a wave 4 of Intermediate degree(blue 4). I'll be happy to buy again if we get the correction. Feel free to ask any question.
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading!
If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things.
-Wave is doing a large correction (prediction made 12am Feb 21) to 39500
- Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave)
- Predicting entire leg up from 11k is a leading diagonal.
- Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5.
-Wave 5 will extend past wave 3 guaranteed.
-Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
AUDUSD should continue higher My EWC suggests that we should see further upside after reacting from the red area and we had confirmation after breaking the Jan 6 high. Feel free to ask any question.
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
NDX still has room to goMy EWc suggests that we should see further upside in the following days. I will be interested to buy once/if it reaches the red box. Feel free to ask any question. There's a video update on my youtube
Bitcoin|| everything as planned. We recovered form the Minor wave 4 on Jan 27 and rallied since. I closed all my long positions and I will be happy to re enter for Intermediate Blue (4). Feel free to ask any quesiton below.
XAUUSD, 1hr tf, elliott wave analysis on HnS pattern breakoutHello my friends,
First of all i wanna say Happy Chinese New Year for my fellow traders who celebrating it.
I hope this 2021 gonna be a blessful years for everyone.
I got some trading plan for XAUUSD.
Recently price melt down after a HnS pattern formed. In my opinion we could still see XAUUSD go down again.
It was because there is a higher timeframe SHS pattern in play.
This recent upwards movement was only a retest of that pattern neckline.
For this trade we will only try to capitalize the 1hr tf movement because it looks like all the movement are matching Elliott Wave requirement.
Wait for wave-iv to complete and we will sell after a bearish candle confirmed rejection around 50% fibonacci area.
Sell XAUUSD 1830
Stop loss 1836
Take profit 1810 (3.3R)
Use no more than 2% risk
Good luck
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario
● 1W
LSIN:FIVE
The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up.
● 1D History
LSIN:FIVE
A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) .
● 1D
LSIN:FIVE
If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) .
● 6h
MOEX:FIVE
" Pic. 4 "
The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel.
●● Alternative scenario
● 1W
LSIN:FIVE
The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
AUDUSD, 4hr tf, Elliott wave sell and buy planHello my friends,
I am sharing my trading plan for AUDUSD.
As you can see, i used elliott wave theory to forecast AUDUSD movement.
In my opinion, price completed wave-iii. We could see price retrace towads 0.7670-0.7690 area.
I sold AUDUSD at 0.7735 aiming to capitalize wave-iv movement.
My take profit is around 0.7690 which is 2.25R setup.
After price complete with wave-iv, we could then expect buy opportunity with take profit target at 0.7800 resistance.
If price manage to retrace towards 50% fibonacci level, it will be a good opportunity to buy with stop loss using wave-i top.
My plan for buy is to buy AUDUSD around 0.7670
Stop loss 0.7645
Take profit 0.7800 (5.2R)
For both trades, i only use 1-2% risk.
Good luck
Bitcoin it's inevitable to reach up these targets!!!In this analysis, we see in Daily chart that Bitcoin it's prepared to go bullish in medium term. For that, the demand it's grow up a lot in Bitcoin and cryptocurrency. Now, I draw in this timeframe that Bitcoin could to have a parabolic up of 140%, and that it's a bullish signal that we can to see a Bitcoin to long term at $100,000 USD, this it's my gold target!!! But my target it's the $60,000 USD in medium term, for that, I'm so bullish in Bitcoin.
And in this screenshoot in this same timeframe, I analyze the elliot wave analysis and as extra confirmation, we see that Bitcoin was end the ABC correction in this elliot wave cycle, and there, we entry in the possible new elliot wave cycle, this it's another bullish signal for Bitcoin in the next weeks. For that, I'm prepare for it.
Guys, if you find up an interesting idea in this analysis and support for others a lot, please share this analysis with others traders, people and amateur what trade cryptocurrencies and Bitcoin.
🦘AUD/USD - long-term forecast.●● Mine scenario
● 1M
Since the spring of last year, I have been using the variant with the large triangle IV as the main count. I believe that the growth of the wave ((C)) of the model will continue with the approximate goals of 0.92800 , where the norm of 61.8 % of the wavelength ((A)) of IV will be achieved.
● 2D
A variant of count for the internal structure of divisions (B) - (C) of ((A)) and (W) - (X) within ((B)) of IV .
● 1D
Wave 3 is likely to show extended.
● 4h
The potential area of finishing the correction ((ii)) of 3 is the green Fibo levels outlined by the blue channel. If the top 2 , the top level " invalid "., is broken, the count marked in black will remain under consideration, in which the wave (A) of ((C)) forms the leading diagonal of zigzags.
●● Alternative scenario
● 1W
An alternative count suggests wave IV of the type of sharp correction in the form of a single zigzag ((A)) - ((B)) - ((C)) , the top of which is at the maximum of 2011 . Next, a double descending zigzag, which in the context of a higher degree can be identified as the first wave of the Ending diagonal V .
● 1D
I plan to return to the search for points in the long-term short trades if waves (A) - (B) of ((3)) are formed, or waves 1 - 2 of (A) , the first of which will go beyond the top (B) — " bear lvl ".
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
🎮 Nvidia — Big 🐻 comes out of hibernation.● 4D
NASDAQ:NVDA
I really want to believe that only the first wave of V of (III) is formed from the top of triangle IV . But it is necessary to prepare for the worst — for the main scenario, where on the horizon the senior correction of the fourth wave of the " Supercycle " degree with approximate goals of ⁓ 10 $.
● 1D
NASDAQ:NVDA
The area indicated by the pink channel can serve as a reversal target. In the range of 830-870 , there is a cluster of significant Fibo extensions. The primary wave ⑤ will complete its target by reaching 161.8% of the wavelength ① . When the values of 830-840 are reached, the wave ④ will divide the wave V in the Fibonacci ratio, and the waves (1)-(5) in the composition ⑤ of V will reach equality.
● 2h
NASDAQ:NVDA
It is very likely that the wave (4) is completed by a contracting triangle with a further exit up. An excellent setup for buy trades with an eye on the early resumption of growth with the final wave (5) of ⑤ .
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Apple -A company that you want to invest in over and over again.●● Mine scenario
● 2W
NASDAQ:AAPL
There is no big changes from the last update . Now the wave (III) or (V) " Supercycle " is developing, as part of which 5 of (3) is extended. The approximate targets for the third waves correspond to the color of the wave degree.
● 1D
NASDAQ:AAPL
The top of wave ((iii)) was determined with high accuracy. Next, a sideways corrections was expected in the form of a triangle, which, as will be demonstrated later in alternative count, could have already been formed.
● 4h
NASDAQ:AAPL
At the moment, I expect the correction to transform into a wider contracting triangle in the form of a running model type. The targets for the wave 5 of (3) are located at the level of 214 , but later they can be revised based on the rule of the ratio of the lengths of the first and fifth waves of the impulse.
● 30m
NASDAQ:AAPL
On the lower timeframe, not everything is so clear. A series of local sideways corrections in the form of triangles forces us to adopt a variant of counting with a ending diagonal with c of (b) .
●● Alternative scenario
● 4h
NASDAQ:AAPL
An alternative count suggests considering the probability of a completed triangle ((iv)) . If we turn to the arithmetic price scale, the lower limit of the ascending channel has been reached. The first targets for wave ((v)) of 5 have also already reached ( ((v)) = ((i)) ). Further goals: 165 and 197 .
● 30m
NASDAQ:AAPL
So far, I have nothing to offer you except of the diagonal in the current count and the top of the triangle ((iv)) 112.60 in the lower degree. I plan to make any trading decisions in this situation only if the diagonal is fully formed or broken in its current form and with a powerful exit up.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Has the trend resumed, as predicted in the previous post? It looks like the overall cycle has resumed just like I predicted a few days back(SEE MY PREVIOUS POST). We should be headed higher but it shouldn't last much. For any question feel free to ask.
APPLE: perfect reaction from the Blue BoxApple bounced form the Blue Box as expected.Will the trend resume or not?
