Elliottwaveprojection
area of 4th wave. Im of the opinion that only the first leg of potential wave 4 is in. This could be a micro inner wave 4 before xrp hits a larger one.
Wave 2 lasted for more than a month. Expecting simmilar for larger 4. Yet to see.
Anyway, demand zone is here. Waiting for a reaction and divergences for a cleaner entry
ETCUSDT | Wave Projection TFW Ending Diagonal Breakout SetupWave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup
> The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone.
> Now with multiple false breakdown, possible pinbar long entry setup pattern.
> Target Zone: 0.618 - 0.786 Fibonanci retracement - Volume profile point of control area + 80% upside
> Stoploss Zone: previous low with a pinbar looks like the right shoulder of a mega inverted Head & Shoulders -20%
> RRR: 4:1
RSI TFW bullish signal - uptrend above MA and squeezed below 50.
AUDUSD EWTAnalysis based on Elliot wave theory. price move within a downward channel. the projection is to sell the 5 wave of Elliot wave count.
9988 | Alibaba - Wave Analysis | Inverted H&S TFW Target +100%Wave analysis and chart pattern projection:
> A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout.
> TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+%
> MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
sell setup for goldwe have elliott wave truncation
so we expect a reversal and search for " ABC corrective waves " selling opportunities
_____________________________________________________________
don't forget your risk management
follow for more :))
BANDHAN BANKHelloo and welcome to this analysis
In the weekly chart we can see an ABC from ATH to ATL
This was followed by a diagonal which for now I have plotted as a Leading Impulse. A bearish diagonal would mean that the preceding ABC was a W and the diagonal was X.
The decline after completion of the diagonal is also in the form of an ABC which could complete its path near 150.
Bullish Count would then hold as LD (Wave 1/A) followed by an ABC corrective (Wave 2/B).
However, if the stock makes an ATL then the bearish count will become active with current decline ABC structure being Wave Y.
In either alternatives keep an eye between ATL & 150 for a possible reversal/bounce as the case maybe.
#GBPUSD Analysis By We Trade WavesHey Traders, this is GBPUSD Analysis and update for all of you, is it forming an Ending Structure or a Leading Structure? You can trade any of the above waves if you get your setups.
I will be looking for sell setups from current levels or above the top/Reaction zone.
DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that. Always wait for your setups and use proper risk management!
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
AUDCAD (sell projection base on top down analysis)This analysis is based on Elliot wave theory. Am looking at selling the 5th wave of EWT impulse. The wave 4 ends already (flag chart pattern).
Elliott Wave sideways complex idea.Still didnt tag the golden zone after the Impulse on Near. Still no impulsive structure after the first retrace which leads me to believe that there is mor low to come. Happy to be wrong.
BTCUSDT | TFW Wave Analysis | Inverted H&S Retesting Neckline?The current uptrend wave is potentially a leading diagonal with a valid inverted head & shoulders reversal pattern breakout - now with a DOJI candlestick this week, the price could retrace to the neckline level 25k, watchout for a false breakout then most likely to breakdown - SHORT ENTRY to the neckline level and EMA200 week -20+% downside
(A valid inverted H&S consists of a strong downtrend with at least twice length of the head & shoulders pattern and massive volume breakout)
names bond, barn bond, bridge bond? $707Ending diagnol C wave ....✔
Wedge shape..... ✔
wave 1 ...... ✔
wave 2 ..... almost 🤞
low market cap ..... ✔
WAVE 3 ....🚀
price target ....$
NFA
Enjoy the ride 🤐
AUDJPY - The corrective structure will continueAUDJPY overview
AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level.
We will not blindly enter to sell AUDJPY in any case. Only if we see clearly a corrective structure we identify and it provides us with a good Inflection Zone, we are going to sell it with a very high probability of having a profitable trade.
AUDJPY is an asset to monitor, and we will keep you updated if the selling opportunity appears
The market is constantly repeating the same type of defined structures. Learning them and being able to spot them on the charts will completely change the way you trade.
CVD EQUIPMENT CORPORATION: Elliott Waves Technical AnalysisFrom a technical point of view, the trend is bullish on 4H chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. At present $CVV has never paid a dividend and there is no new information about that.
NASDAQ:CVV
Strategy : Wait the corrective structure completed and Long on Wave 4
PROFILE
Sector : Electronic Technology
Industry : Electronic Production Equipment
CVD Equipment Corp. engages in the design, development, and manufacture of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions. It operates through the following segments: Chemical Vapor Deposition (CVD), Stainless Design Concepts (SDC), CVD Materials, and Corporate. The Chemical Vapor Deposition segment is utilized for chemical Vapor deposition equipment manufacturing. The Stainless Design Concepts segment includes ultra-high purity manufacturing division in Saugerties, New York for gas control systems. The CVD Materials segment offers material coatings for aerospace, medical, electronic, and other application. The Corporate segment refers to the firm’s administration activities. Its services include anti-corrosion, application lab, collaboration, customer support, printed electronics, fabricated quartzware, and process software. The firm serves the aerospace, glass coatings, medical, military, nanomaterials, optoelectronics, semiconductor, and solar photovoltaics markets. The company was founded by Leonard A. Rosenbaum on October 13, 1982 and is headquartered in Central Islip, NY.
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
BTC New Bull Market 99% Confidence99% Confidence
It is now official that BTC has started its new bull market cycle after a confirmed weekly candle close above 25.5k. Major Wyckoff accumulation phase is over, now is the time to mark up the price. Elliot Wave analysis also confirmed that the whole move in the last quarter is a new cycle wave 1. And price has already made weekly candle close above 50/200 EMA and 200 SMA, a very convincing move.
BTC can still go up somewhere to 30-37k and then stop, next it will make a corrective move of cycle wave 2 for 6-8 months and land above major Wyckoff accumulation trading range, so it will be somewhere at 25-27k or maybe higher. The low of wave 2 will be the third best time to buy. So wave 3 is around Q4 2023-Q1 2024.
I still amazed by how BTC can still going up and stay in its traditional cycle despite all the odds that conventionally only gold survived. And even now BTC strongly inverse correlated with SPX, a decouple phenomenon, maybe only temporary.
AVAXUSDT| Wave Projection| Potential Ending Diagonal 5-WaveTFD Wave Analysis / Projection - 5 wave ending diagonal pattern? Normally the opposite of previous wave if wave 1 was ABC uptrend, the correction could be 5 wave down
> A potential 5 wave pattern correction downtrend bullish scenario with 5-3-5-3-5 pattern after finishing uptrend ABC wave pattern 5-3-5
> 1-wave - 5 wave downtrend correction retraced previous ABC uptrend or major 1 wave at 0.5 fibonacci level
> 2-wave - ABC uptrend retraced 0.786, 3-wave extended 1.272 of 1-wave, and currently making 4-wave at 0.5-0.618 of 3-wave at falling channel / 50MA resistance but should not rise beyond 2-wave.
> The projected 5-wave downtrend at the target previous DOUBLE TOP pattern expected at 0.5 - 0.786 extension of 3-wave, making a false breakdown with a bullish divergence signal.
Long Entry: 200MA re-breakout zone after the bullish divergence in TFD
ADAUSDT |Wave Projection|Ending Diagonal Downtrend Target -30%+Price action and chart pattern trading medium term setup
> A possible sideway downtrend ending diagonal pattern with a falling flag channel 5 wave
> Now, the price reached the T1 target at 1.618 fibo extension of 1-wave downtrend
> The candlestick pattern is consolidating at the lower support level could be 3-wave and getting ready for 4-wave uptrend rebound
> Indicator: RSI already oversold and breakout MA line, expecting an upcoming BULLISH DIVERGENCE for 5-wave downtrend.
> The next target downtrend is at 2.272-2.618 fibo extension zone - a 30%+ further downside
> Recommendation: Close short position once RSI and MACD showing bullish divergence signal.
Always trade with affordable risk and respect your stoploss, nothing is 100%.
SHIBUSDT | Wave Analysis | Bull Wedge Diamond Breakout Position?Wave Analysis combined with price action and chart pattern trading:
> A potential minor 1-wave descending triangle breakout scenario with ABC falling wedge retraced 0.786 fibonacci level
> After recent uptrend diamond breakout above SMA200, now assuming a possible upcoming bullish divergence FAKE BREAKDOWN minor 5-wave to complete the reversal pattern for downtrend A wave correction.
> If breakout +50% upside falling wedge target at downtrend triangle resistance.
> 2nd fakeout is always the 4 - wave correction position
> Long Entry after bullish divergence confirmation at the Wedge
Always trade with affordable risk and respect your stoploss,
Good Luck
AMTX BULLISH CRAB PATTERN + COMPLETION OF WXY CORRECTION WAVE 2Potential bullish crab harmonic pattern completion. We may be completing wave 2 of a very large sequence in the form of WXY correction. we shall see!
Bitcoin Reversal with Highest Volume of 2023?I Want to point out a few things about the last bitcoin's possible reversal point:
1- We had the highest volume on daily candle since 2023 with a bullish pin bar
2- The price rejection is from the previous cycle ATH around 19700$ which makes it an important level (Maybe the strongest support till 16000$) and also near the bottom of the ichimoku cloud
Now, IF we consider this as a reversal , there are a lot of things happening here:
1- A huge channel has appeared beginning from 16300$ which I draw as a Fibonacci channel
2- Trading View's Elliot Wave chart pattern shows the targets with its wave projection considering the end of wave (a).
And here are a lot of Resistances on the way (If you needed to read more about Volume Profile here is the link ):
1- Around 21500$ is both VAL of the Volume Profile and a technical resistance around the end of the wave (4) as the first target of the wave (b) projection
2- Around 23000$ is both POC of the Volume Profile and around the top of the ichimoku cloud as the last target of the wave (b) projection
3- Also we have a bearish trend line on the way
And don't forget that Today and Tomorrow we will have the least volume and price movement according to the averages (linked the script on the related ideas), so Monday will be the real deal.
Weekly Update: Will Targets Get Hit?Since I started posting on TradingView.com once per week, I have been warning my readers of softness into the 3800 -3720 area target box. Today, I have no reason to believe otherwise. Really, my only question is when, and then what happens next?
I have a purple pathway down to the low 3000’s and as of now that remains an alternative. With the loss of positive divergences on the hourly I do believe eventually we get into my target box. From there I look to constructive patterns developing.
So far nothing has changed…how we get there is up for discussion.
Best to all,
Chris
