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Elliottwaveforecasts

Hellena | USD/JPY (1H): Long to rresistance area of 149.703.Dear Colleagues, I believe that the price is completing the corrective wave 2, which may go down to the support area of 147.656. After that I expect the price to rise at least to the resistance area of 149.703. If the Invalidation level is reached, the scenario is canceled. At the moment the most important thing is to understand where the end of wave 2 is. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
6
BTCUSD: The beginning of a wave 4Are we getting close to our first real correction since the beginning of the pump of September? As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition: 1W: decomposition of 3rd wave monthly 1D: decomposition of 1st wave weekly 4H: decomposition of 3rd wave daily 1H: decomposition of 5th wave in 4H The end of wave (v) in 1H (with a magnificent ending diagonal, which explains why wave (iv) overlapped with wave (i)) signs the end of the wave ⓹ in 4H , which means the wave 4 in daily should happen anytime soon. I expect a retracement of 23.6% of wave 3, which is very usual in the case of the BTC, reaching the support at 34,000 USD.
INDEX:BTCUSDShort
by Whytek
Bearish Momentum: GBPAUD Elliott Wave AnalysisThe GBPAUD currency pair is presently undergoing a bearish trend that originated from the level of 1.99734. My Elliott Wave analysis suggests that the market has likely concluded a five-wave sequence from Wave 1 to Wave 4, and the pair is currently within Wave 5. This is confirmed by the break of the trendline to the downside. This is similar to the GBPCAD analysis . Based on the prevailing conditions, I'm expecting the continuation of the bearish momentum, with a target set at 1.88256. This analysis remains valid unless the price breached the level of 1.93344 to the upside, which would invalidate this forecast. Cheers!
Short
by Samuel124
4
Navigating AUDJPY's Correction: What Lies Ahead?The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process of forming Wave c of Wave 4, and my projection suggests that it is likely to decline in order to complete the Wave 4 correction. Two possible scenarios are: A pullback to 95.251 price zone and a trendline break at 94.321 to the downside. My anticipated price regions for the completion of this correction are identified at 92.038 and 90.46. Once this correction is completed, I expect the bullish trend to resume. A breach of the price level at 96.969 to the upside would invalidate this wave count and the associated outlook. Cheers!
Short
by Samuel124
EURGBP: Riding the Bullish WaveEURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective: First, there was a move up to 0.86105 (Wave 1) . Then, an ABC correction in wave 2 brought it down to 0.85239. The uptrend continued in wave 3, reaching 0.87094. After that, a corrective wave 4 formed a triangle pattern and finished around 0.86328 . Currently, we're anticipating the start of Wave 5, which should break out of the triangle pattern, indicating an upward move. The best approach is to wait for the price to pass 0.86550 and possibly retest it on a shorter time frame before considering a long position. Our target for this uptrend is 0.87405 . This outlook becomes invalidated if price breach the 0.86103 price level.
Long
by Samuel124
BTCUSD: Road to 50k?The BTCUSD price has just completed wave 2 and is on course for a fine wave 3 (broken down into 5 orange sub-waves here), supported by a bullish divergence and the break above the weekly Ichimoku cloud. Wave i could continue its ascent before hitting resistance at 32k. Wave ii would then retrace 50% of wave i to bounce off the 2021 double-top support. Wave iii (= 161.8% of wave i) would end at the 40k resistance, before bouncing back to this ascending trendline in blue as a wave iv, retracing 38.2% of wave iii. Finally, wave v is still the most complicated to anticipate, but the 123.6% retracement of wave iv seems to be in line with the assumption that wave 3 will extend wave 1 by a ratio of 1.618:1. Fundamentally, the current tense macroeconomic environment remains a danger for the BTC price. Not to mention the dollar rate, which could continue to rise in the event of a further rate hike at the next Fed meetings, particularly those on December 13th and January 31st. To be continued... Don't hesitate to comment. I'm open to new ideas, especially as the fractal plan always offers many different scenarios.
INDEX:BTCUSDLong
by Whytek