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Elliottwaveforecasts

RMR: Elliott impulse wave finishing, correction wave incoming?Hi. I've plotted a resistance zone that's been prevalent since the start of the year. I've also plotted some Elliot waves: some past, some current and some incoming. The recent Three Drives pattern is over and unfortunately I didn't recognize it in time. But a good question then is what's next? Well there is a clear impulse wave occurring at the moment. The high price difference between the MA 56 and close price strongly indicates that the impulse wave will continue to finish wave 3 and 4. The exact time when this will happen is uncertain, the price on point 5 is just an example. But this means a correction wave is incoming when the impulse finishes. There are two decent position to make if you believe the impending waves are probable: When the current impulse wave has finished there is a good timing for a short position to profit off of the correction wave. When that correction wave is complete there will most likely be an impulse wave. A long position when this is apparent or a long position on the B point of that wave could both be decent. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NASDAQ:RMRLong
by Kabeldon
🛢Investments in the Russian oil sector...●● Mine scenario 🕐 1W MOEX:LKOH «Pic.1» We successfully predicted the growth of the fifth wave after the triangle ((iv)) and the subsequent decline within the wave 4 , which, based on the norm of alternation, is still expected in the form of a triangle. 🕐 1D MOEX:LKOH «Pic.2» Combination "Double Three" SZ-X-CT 🕐 1D MOEX:LKOH «Pic.3» The main purchases are planned under the condition of a fully completed triangle, at the end of the final wave ((e)) in its structure. 🕐 2h MOEX:LKOH «Pic.5» This count has a number of disadvantages. They are: two sideways corrections in waves ii-iv , and a truncation within the assumed diagonal v . In connection with the above, I recommend any speculation in the short only after the breakout of the top iv , the level marked as «confirm.lvl» . 🕐 2h MOEX:LKOH «Pic.6» Along the way, I am considering a variant count with a triangle in (b) of ((b)) , which suggests continued growth within wave (c) . Waiting for the implementation of my count for continued growth, I hold the buy position. ●● Alternative scenario 🕐 1W MOEX:LKOH «Pic.8» As for the alternative count shown in "Pic. 8" , taking into account the probability of its implementation, I do not increase the volume of a long-term long position until we form a triangle as it is schematically depicted in "Pic. 1". The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
RUS:LKOH
by TradeWaves-EWA
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
🥇XAUJPY: Japanese Alchemy of Gold🎌●● Mine scenario ● 1W It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V . ● 1D A variant of count of the triangle ((B)) of I . ● 23h A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C . ● 6h I expect the wave (3) to resume growth soon. The confirmation in favor of the completed correction (2) of ((C)) in the form of a double zigzag W - X - Y will be: the breakdown of the line 0 - X , plus the formed waves ((i)) - ((ii)) of A , the first of which will break through the top of X — " bull lvl " and gain a foothold over the upper border of the descending channel. ●● Alternative scenario ● 6h As long as the above conditions are not met, there is still the probability of continuing the decline of the wave Y of (2) with the first targets of 173775 . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
OANDA:XAUJPYLong
by TradeWaves-EWA
2