Elliottwaveretracement
LULU Impulse Almost Complete, Corrective wave323 Price Range will be that ATH lulu hits before facing a retrace.
The price levels to eye for taking profit on this retrace are $286 and $263, depending on how aggressive you are.
EURCAD SELL SETUPI'm looking for price to continue to rise to the 61.8% fib level of the AB boundary and continue to the downside for an estimated ~400+ pip move before continuing to the upside.
The take profit level is the 100% extension level and is 61.8% retracement of the original move up.
GBPJPY CONTINUATION SELLThis pair broke past intermediate support, I am anticipating a continuation on the down trend at least to the first target.
My overall thought on this pair is that it is traveling down to 15, may be 122 area.
I'd wait for a retest of intermediate support to enter a position.
GBPAUD BUY SETUPI'm looking at this pair for a potential buy.
Price is currently at the 61.8 fib level on the daily.
If it respects this level and I see a trend line break, I will be looking for buys on the correction.
AUDJPY BUY SETUP (SWING TRADE)Price moving into corrective pattern.
Looking for buys.
I added some of my notes to the chart on why I believe this is setting up for a long term buy.
GBPJPY WAVE 3 COMPLETE - SELL AFTER 4TH WAVE RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
GBPAUD STILL LOOKING FOR BUYSHoping price holds at the 4HR support level.
Looking for a push to the upside.
Still in this trade.
Elliott Wave Theory applied to S&P 500I'v just made an Elliott Wave projection of the S&P 500 with the hypothesis that the Wave 2 will retrace 61.80% of the Wave 1 .
As you can see, the market may go as low as $600 (lower than 2000 and 2008 lows), which seems very unlikely.
We can therefore make 3 potential scenarios out of this analysis:
What I've called Wave 1 is an ABC corrective pattern and therefore what I've called Wave 2 might be the first wave of a new bullish trend.
We're indeed in a 3 Waves down pattern, but wave 2 will retrace more that 62%. Which will make the overall downtrend stop way above the $600 and make this scenario way more probable.
Wave 2 will retrace 62% and we'll probably see lower lows than previous crises. This is the worst case scenario which I don't consider the most probable.
We need to wait for the Wave 3 to form in order to know in which scenario we are. Indeed, if Wave 3 retraces less than 100% of Wave 2, we'll be in the first scenario and go back for a bullish market. Otherwise we'll go for the bearish pattern.
I'll keep you updated on this as the trend evolves.
GBPJPY PULLBACK AND THEN SELLPrevious target reached. Waiting for a retracement to enter another sell position.
A
Further drop of the GBPJPY pairI expect a further drop for the gbpjpy pair due to its descending movement, for me in the short term we will see a decline
My analysis for GBPUSD more downGBPUSD is expecting him to drop further, to complete our corrective pattern and start the bullish run in the long term
The possibility of gold rising to this levelIn the short term, I see that gold will rise to this level as shown in the chart, due to the completion of 5 waves that may be corrective, or there may still be a new peak possibility.
Testing Elliot Wave skillsTesting Elliot Wave skills
Any pros out there that can critique me? lol I stick to mostly astrology
MASTER ELLIOT WAVES STRATEGIESI tracked the whole movement. Please read the linked post where all the analyzes are. If I have not made a mistake for me it drops to 6.9k USD.
GBPAUD MONTHLY ELLIOTTWAVE PROJECTION FOR SELLING OPPORTUNITYGBPAUD LOOKS GREATS FOR SELL ON LONG TERM.
I CONSIDER 7 WAVE CORRECTION THEN PROJECT FOR IMPULSIVE DOWN MOVE.
HIT FOLLOW BUTTON FOR MORE ELLIOTT WAVE CHARTS :)
1720 - Expected target and consolidation for this year.Recent pandemic development trigger deflation in the market. That lead to less demand in Gold and silver for short amount of time. The recent COT report showing that smart money reducing their position and not adding new position to sell. This brought the daily range down to 10$-20$ and the panic bear momentum which we experienced last month will not be repeated. I am looking to open sell position from this week to the range of 1500-1509 as per emerging Bat bullish leg marked in the chart. Once we get into that level price push to another leg high that surprise early bears. In other words traders call bear-trap/stop-loss-hunt etc.
1720 is the minimum target I marked in the chart. Since we are in 5th wave in an over lapping structure, it may get violent and push further towards 1800 matter of hours.
if there is no BAT leg down we end the structure around 1580 then it move upward. This idea can be find below.
UVXY: Judge my Elliot Wave please! Is it accurate?I see an Elliot Wave pattern here but please correct me if I'm wrong. Critics welcomed.
SPX Triple Combination COROMADNESS a.k.a COROMANIA Long Entry! A Triple Zigzag or combination as what we are seeing in the S&P will usually channel far too well to be considered an Impulse pattern.
The declining waves are too similar in price and time coverage, which is mandatory for Impulsive activity.
This triple combination pullback indiacte weakness, although does not present an Impulsable pattern, we have MUST hold above the 61.8% for this roller coaster triangulation pattern to remain valid for the rest of 2020. Plotting the future course of the U.S Stock Market
S&P500 the BIG pictureThe peak of the flu will be around end of May after that with some positive data and everything priced markets will rally for the B wave and after US elections when the virus will be back we going for the last and biggest dive
