EURUSD 5th Wave Long - 5 minute time frameUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified this potential long day trading opportunity on EURUSD (5 min timeframe).
Wave 4 has pulled back into the amber zone of our probability pull back zones, which represent an 80% probability the price will go on an hit our Automated target zone , in blue on the chart. Our Elliott Wave Ocillator measurement is good and we have a crossover on our false breakout stochastic on the over sold zone. The yellow squares on the overbought zone denote a stong Bullish trend and when wen crossover in the opposite zone, there is a good possibility the stochastic will return to the main bullish trend for this timeframe.
Trailing stop used to manage this trade and very close as we are getting closer tot he US open.
Learn more about our Elliott Wave Indicator suite for the TradingView Platform by watch the video tour >>HERE<<
Elliottwaveideas
Potential Long 5th Wave move on Gold GC1!Using our Elliott Wave Indicator Suite for TradingView we have determined a high probability 5th wave Long on Gold Futures (GC1!) through 1504. Stop loss just below our Wave 4 pivot and our automated 5th wave target zone is showing a target price around 1536. This trade is good on the 1hr, 2hr and 4hr timeframes.
Watch the video tour to learn more about our Elliott Wave Indicator Suite for TradingView >>HERE<<
Potential Long Swing Trading Opportunity PSXP - Elliott Wave Using our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential 5th Wave long swing trading opportunity for PSXP. We are using the Daily Tie frame for this analysis and would expect anything up t 25 Days in this stocks swing trade once through Entry.
Long Entry at $57.05 with Stop Loss below the wave 4 at $54.77 and Target of $61 in our automated target zone, which give a great Risk to Reward for this potential stock swing trading opportunity.
Our Elliott Wave Indicator suite concentrates on the behaviour of the wave 4 pull back and measures this in 3 ways. Firstly the Wave 4 has found support in the Amber zone (in our probability pullback zones) which represents an 80% probability that our automated 5th wave target zone will be hit. Next we have the Yellow dots in the over bought zone of our false break out stochastic indicator. When we get a wave 4 pullback against these yellow dots and a crossover on the oversold zone, there is a high probability the stochastic will return to that strong bullish move and into the over bought zone on the 5th wave move. And finally we measure the wave 4 pull back on our Elliott Wave Oscillator within 90/140%. In this case all of our entry requirements are met for a high probability 5th wave move.
next is entry strategy, which we teach in the accompanying training bootcamp. In this case we are going long outside of our Special 6/4 MA High (green MA) and above the whole $57 price.
To learn more about our Elliott Wave Indicator Suite for TradingView, please watch the Video Tour >>>HERE<<
Potential Long USDZAR on 240min Using our Elliott Wave Indicator suite for TradingView we have found a potential Long 5th Wave move on USDZAR, for the 240 min time frame. Looking for an entry Long Entry above 15.2000 with Stop loss just below our wave 4 on the chart attached. The Entry is conservative as our 6/4 MA High has already been broke, but we must take into consideration the recent pivot just below 15.2000 and our Elliott Wave Oscillator was broken.
The wave 4 was pretty deep, but hung on to our Red pull back zone, which represents a 75% probability that the price will go on to reach our automated 5th wave target zone at 15.5000 as shown in blue on the chart. Our parameters for Elliott wave oscillator were broken slightly, but it has crowned since. Our False Breakout Stochastic has yellow dots in the over bought zone, denoting a strong Bullish trend is present. When the stochastic pulls back against these yellow dots and crosses in the over sold zone, there is a strong probability the stochastic will return to the over bought zone.
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the video tour >>HERE<<
Potential Short 5th Wave Swing Trading opportunity on ETRN Using our Elliott Wave Indicator suite for TradingView, we have setup a potential Short 5th Wave Swing Trade on ETRN (Daily Time Frame). Short Entry $13.61, below yesterdays low. Stop Loss at 14.79 above the 4th wave and our automated target zone is showing a target price around $11.50.
Our ElliottWave Indicator suite really looks into the performance and behaviour of the 4th wave to predict a high probability 5th wave move. In this potential short swing trading opportunity the wave 4 has pulled back against the main bearish trend and found resistance in our GreenPull Back Zone. this gives an 85% probability the price will go down and reach our automated target zone. Next we have the ElliottWave Oscillator pulling back and crowing within our set parameters for a wave 4 pull back. Also we have our False Breakout Stochastic that has the false breakout yellow dot on the over sold zone, which denote a strong bearish bias. When the stochastic pulls back against this strong bearish bias and crosses in the overbought zone, the there is a high probability of the stochastic returning to the oversold zone.
As you can see we have a rules based approach to trading those high probability 5th wave moves, both long and short on Stocks, forex, futures, cryptocurrency and more. Please watch the Video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<
Silver looking like its found support - Potential 5th Wave Long Using our ElliottWave Indicator Suite on Silver, on the Daily timeframe, we can see that it has found support in our wave 4 probability zones. The wave 4 behaviour is also looking good using our Elliott Wave Oscillator and False breakout Stochastic.
Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind.
Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
AUDUSD Hit our 5th Wave Target Zone after our Earlier Trade IdeaWe previously posted a trade idea using our Elliott Wave Indicator Suite on AUDUSD for potential Long 5th wave trade >>HERE<<
And it did just that!!
Great trade and using all of the indicators in our Elliott Wave Indicator Suite to setup a high probability 5th wave move
Find out more about our Elliott Wave Indicator Suite by watching the Video Tour >>>HERE<<<
EURUSD Potential 5th Wave Short on 5min timeframeAfter a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott Wave Oscillator which came close to breaking the rules and if indeed the oscillator breaks the 140% line then the trade is invalid. We also have our Special False Breakout Stochastic which helps identify strong trends in either direction. The when the wave 4 pulls back against that trend and crosses in the opposing over bought/sold zone then the probability it wants to return to strong trend is high.
Watch the video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<<
Potential long 5th Wave Move - ETH 15 minGood looking potential Long 5th Wave move on ETHUSD using our Elliott Wave Indicator Suite and its tools. Wave 4 found good support in our Green Pullback zone, denoting 85% probability of out 5th wave automated target zone, in Blue, being hit. Elliott Wave Oscillator and our False Breakout Stochastic backing this up. Entry 182.05 with Stop Loss just below wave 4 pivot and that Target zone around 188. Obviously is the stop is broken for the order, then cancel the order
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Our Elliott Wave 5th Wave Target Zone Hit on EURJPY Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<<
This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th Wave trade on the 5 minute time frame for EURJPY.
Watch the video tour of our Elliott Wave Indicator Suite >>>HERE<<<
PFE Short 5th Wave Swing Trading on Daily Time FrameLooking for a Short Swing Trade on PFE using the Daily Time Frame.Short Entry at $35.68 with Stop Loss above our Elliott Wave 4 Pivot at $37.80 and a Target Price of $33 in our Automated 5th Wave Target Zone. The Wave 4 has pulled back and found resistance in our Amber Zone. This represents an 80% probability that the stock will hit our Automated 5th Wave Target Zone at $33.
The False Breakout Stochastic denotes a strong bearish trend with Yellow dots in the oversold zone and then pulled back against those on the 4th wave and crossed in the overbought zone. There is a strong likely hood that the stochastic will want to return to those false breakout dots and move back into the oversold zone. Our Elliott Wave Oscillator also shows the Wave 4 pullback was within our prescribed pullback zone on the Oscillator.
All of these indicators that identify a high probability Elliott Wave 5th Wave move are part of our New Elliott Wave Indicator Suite for TradingView and you can watch a quick video tour >>>HERE<<<
"You Gotta Be In It, To Win It"
MES Micro Emini ES Short Signal 30 Minute TimeframeLooking for a 5th Wave Short on MES, Small Risk using these Micro Futures Contracts. So a Risk of less than $200 using 3 Micro Emini MES Contracts for this potential Short.
Very Conservative entry, below recent pivot rejection - giving a 1:1 Risk to Reward to our Automated 5th Wave Target around 2952.
Again, if the Stop for the order is taken out, then cancel the trade
Watch the Video Tour of our Eliott Wave Indicator Suite for TradingView >>>HERE<<<
NDX: no impulse up off August low. Expect lower pricesThe NASDAQ100 (NDX) broke below its August 22 high and therewith invalidated its potential to do five (i, ii, iii, iv, v) waves up off the August lows. Instead it became only three: corrective. Namely, when a new move starts, even if it is five waves up or down, we can never know beforehand with all certainty if that move is an impulse (wave-1 of a 1,2,3,4,5 move) or part of a larger correction (wave-A of an ABC move). See my tweet here for example. Hence, why we must label such initial advance as wave-1/a, the retrace as wave-2/b, and the subsequent advance as wave-3/c, until one (1,2,3) or the other (a,b,c) is disproved by the markets. In this case the impulse was disproved as price overlapped with wave-i/a meaning the current decline can not be a wave-iv and so there will be no wave-v and thus thus the entire rally was a wave-a,b,c UP. Simple! In addition the wave-iii/c was only seven waves up, which means it is corrective as impulses travel in 5,9,13, etc waves. Another line of evidence pointing towards the recent rally having been corrective and not impulsive.
Now that we have proper, intellectually honest Elliott wave labeling out of the way, lets look at the bigger picture options. Price can do a nice c-wave down into the orange target zone based on the standard c=a to c=1.618x a Fibonacci extensions and as long as it doesn't move below the June low it can still be a larger wave-ii of an even larger 3rd wave. IF it breaks below the June low, and especially in a five waves down move, then we have a lower low on our hands. In addition price can then not be in a (red) wave-ii anymore because 2nd waves can't go below the start of the prior same degree 1st wave, and we are then looking for a much, much larger ongoing correction, which I would label as major wave-c of Primary-IV, well into 2020.
Trade safe!