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Elliottwaveretracement

Everyone NEEDS to see this fib comparison for BITCOINI'm sure most of you know that we are definitely going up for the near term. If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the next impulse wave 3 will more than likely also be extended to express the original strength of wave 1.) You can also use it to measure lengths from one another and visualize the possibilities of price action. This right here or at the end of the blue zone, is where you should take some profit if you planned to! If you look at my previous posts, you'll see how the range with 2.618 right under OLD ATH can be reached. BUT as you can see, if you take the size of the size of the first red C and place it at the end of the blue 1.618 where my proposed C would finish in the very top post^ before trend reversal , the 1:1 ratio will place it not a single dollar below the old 2017 all time high
Short
by williamdas
Btc prediction, NOT trade advice. ATH end of 2021This is merely a prediction, in which we do not trade as this is just to demonstrate Possible formations if a bullish scenario were to happen. This is a 0ossible discovery of the true Elliot wave count, please disregard all other posts. We have managed to remain bullish control over the greenhouse territory, if we can manage to bump our way above the green box and also stay a float above the green territory with some consolidation, we may be in for ourselves a nice Cryptober 😀
Long
by ExpressTradingSolutions
1
IRIS finishing primary correction soon, turning back to impulse?Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish. Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value. It's current price is 13.22 $ or 110 SEK. I value $IRIS at around the same price. 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. This does not constitute financial advice. Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
OMXSTO:IRISLong
by Kabeldon
XAUUSD Longterm Short IdeaOANDA:XAUUSD Gold peaked at 2077 in August 2020, which was the start of the reversal from that all-time high. Price dropped 15.01% over a period of four months to a low of 1765 in November, lets call that wave 1. Price from December 1st to January 5th price retraced to 1960 which was a 61.8% retracement on the Fib, let's call this wave 2. Between January 6 and March 8 price continued to fall by 14.42% to 1677, let's call this wave 3. Price formed a double-bottom at the 1677 level and is in a corrective wave which I expect to end at the 61.8% retracement level which is on the 1850 level, let's call this wave 4. What we can call wave 5 would be price heading down from 1850 to 1567 (a 15.2% drop in the price). This idea is not a recommendation of a trade, merely sharing for brainstorming purposes and also because I enjoy analyzing markets. :) Let me know what you think about Gold and where it could head.
FX_IDC:XAUUSDShort
by harveytiven
Has the EURUSD Already Peaked?The EURUSD may have already reached a peak, despite persisting dollar weakness. The pair has been establishing a descending channel ever since it reached a swing peak at 1.23500, which presupposes continued price depreciation. And even though the price managed to break out above its upper boundary yesterday, there is still a chance for a sharp dropdown. This would be the case if yesterday's breakout is proven to be a false one. The price is currently testing the 100-day MA (in blue), which is powerful enough to prompt such a retracement. But even more importantly, the EURUSD appears to be developing a major 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. Once the current retracement leg (3-4) is completed, the pair would be ready to start developing the final impulse (4-5). Hence, the longer-term sentiment remains bearish. Overall, if the EURUSD manages to bounce back from the 1.20700 resistance decidedly, this would open up the possibility for a subsequent dropdown towards the last swing low (point 3). Conversely, a decisive breakout above 1.20700 could allow the pair to probe breaking even higher towards the next major resistance at 1.21700.
Short
by Trendsharks