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Elliottwaveprojection

Weekly Update: Is EVERYTHING about to come down together?Is a rare event when multiple planets are aligned in the night’s sky. It’s rarer still, when their aligned, and visible to the naked eye, and on-lookers do not require the use of a telescope. Let me explain. My crypto currency coverage list (SOL, ETH, BTC and ADA) have been rallying and hitting some of their initial sub-divided targets higher where I would soon expect them to retrace. Financials (XLF) could be completing a minor wave 4 high and now coming down in a wave 5. The SPX and the ES appears to have just completed their D-wave high in what I'm counting as a triangle and should be coming down as early as today. I suspect if I looked at some of the heavily weighted stocks of the SP500 they would show the same pattern and potential conclusion. Is everything aligned? The downside IN EVERYTHING appears clear enough, you don’t require a telescope to see that.
CME_MINI:ES1!
by maikisch
3
Solana Update: It's Looking For A Bullish ResumptionBack on March 8th we mentioned and highlighted a bullish setup formation on Solana with ticker SOLUSD, where we were tracking an A-B-C flat correction within higher degree wave (B)/(2). As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should be completed by a five-wave cycle of the lower degree. Technically speaking, there can be room at least up to 35-40 area for wave (C) or maybe even higher for wave (3) if we will see an extension decisively above 40 region. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:SOLUSDLong
by ew-forecast
1
DOTUSDT | Wave Projection | Possible 4.4 Wave Fakeout Price action and chart pattern trading > Wave pattern - downtrend ending diagonal 5 wave. > The price continued to make lower high and lower low reached 0.786 extension of 4.1 wave and T1 head & shoulders target with a hammer candlestick. > Candlestick pattern squeezed at this key level a possible upcoming false breakout of 4.4 wave before making its final 5-wave > Target breakout 4.4 wave at SMMA25 - 0.382 zone > The final downtrend 5-wave is targeting at 4.0 - 4.5$
Short
by dukeposh
1
ERGO Coin ($ERG): Rebound continuation in short term?Today we continue to follow some Altcoins, and this time we are talking about #ERGO (ERGO Coin). Technically speaking, the main trend is still bearish, but we cannot rule out a continuation of this technical rebound in near term. If Ergo Coin will be able to follow the swing shown on daily chart, the structure in play remains bullish with 2.54 direction (first target wave 5 structure), main support area around 1.91. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Long
by TheAnonymousBanker
1
WTI ($USOIL): Short Term Bullish SetupAfter OPEC's announcement to cut production, $WTI soared after the open. Now, from a technical point of view it should be correct to try again to take long positions on a potential pullback. STRATEGY: Try to take a long position by splitting the position, 50% around $78 and 50% around $75. Stop loss below $71 (hourly close). Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
OANDA:WTICOUSDLong
by TheAnonymousBanker
GBPJPY Is Consolidating Within A Bullish Running TriangleGBPJPY pair is still at the highs on a daily chart, which looks like a consolidation within uptrend, ideally as a bigger bullish running triangle pattern within higher degree wave (4). The running triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of "threes." That means each of the A-B-C-D-E waves have three subwaves. Currently we are tracking final stages of a complex w-x-y rally into wave D that can cause another wave E slow down. So, once a triangle fully unfolds, be aware of a retest of the highs for wave (5) of a higher degree wave C/B.
by ew-forecast
S&P 500 (CFD): Sell every technical rebound in short term?...from a technical point of view and looking at hourly chart, the answer is "yes"! Hello everybody! If we look at the whole bullish movement started from 22 October 2022, it doesn't seem to me an impulsive rally, far from it! The developed swing seems to be something similar to a corrective structure (ABC Pattern as shown on chart), and if this analysis is correct, $SP500 should trigger an interesting bearish leg with targets around 3710/3650 area. Today and tomorrow very important US data will be released and we must not forget that if the data will be good it is possible that the market reacts on the opposite side.... If we look in the long term, I am absolutely a bearish as well as shown in the chart below. (Click & Play on Chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
OANDA:SPX500USDShort
by TheAnonymousBanker
16
HDFC BANKHello and welcome to this analysis From COVID lows in this weekly time frame its appears to be in its terminal 5th wave. After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it. As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is weekly (3 years of rally) the next correction can be deep in terms of both price and time. We might see a lot of positive news being announced over the next few weeks as it advances into new territory, which is the norm when a stock appears to be concluding its entire wave structure. An ultra bullish count would suggest stock sustaining above 1800 else this path is likely to be correct. Short term trading bullish Medium term exit on rally
NSE:HDFCBANKLong
by Dinesh_C_Nagpal
1
ETH - UnTiL wHeRe tHe BuLL RaLLy WiLL gO ?Greetings traders! I am sharing to you today one of my COINBASE:ETHUSD Elliott Waves analysis. That one is bullish until the summer '23 Fibonacci Extention from the bottom of the orange W to the orange X in order to find the orange Y Fibonacci Retracement of the purple WXY, in order to know where the objectives converges to be more precise Fibonacci Extention of the blue (ABC) to find the blue (C) Fibonacci Extention to find the green extention 3 wave Fibonacci Retracement to find the green extention 4 wave Fibonacci Extention to find the green extention 5 wave * * BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves, from the greatest analysts books, into a clear, simple and explicative way, Contact me in private if you are interested * * Don't hesitate to comment and check my other idea
COINBASE:ETHUSD
by ModTrades
2
DOGEUSDT | Wave Projection | ABC Pattern TP +60%Wave projection combined with price action and chart pattern trading signal > After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation. > A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50. > If breakout successfully - TP1 @ 0.618 retracement +60% , TP2 @ 1.0 of Wave A +100%+ > Pullback Entry S1: MA200 - 0.80, S2: 0.74, S3: 0.68
Long
by dukeposh