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Elliottwaveretracement

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.
FX:XAUUSDLong
by VRShaiju
1
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
SP:SPXLong
by wallstreetsharks
TSLA - What A Time To Be AliveTLDR: What a time to be alive. These types of moves create a significant transfer of wealth, for the long's this has been a multi-year battle from $175 - $350 and now in a span just longer than a full month we're at $537.92 at market close January 14, 2019 This type of price action extends beyond fundamentals, and at this point is primarily dictated by human sentiment with a bunch of algorithms following (not the other way around)- good news for us, Elliott Wave analysis does some good in the department of predicting price action in periods of euphoria- these euphoric moves in price action almost always occur in the third wave. I have two scenarios or wave counts I have considered, one where the peak of price action today is the top of wave 3 or the conclusion of wave 5. I'm publishing the later, in both scenarios price action retraces. Considering other technical indicators, the broader stock market soaring into uncharted territory, and retail sentiment I'm leaning towards the conclusion of a fifth wave, leading into a larger correction. The 0.50 fib retracement lines up neatly with a historic level of resistance (now support) for Tesla shareholders in the $380's Perhaps there is more upside following the correction- something to consider for a later time -- or, sooner rather than later if the Tesla bulls continue to maintain the squeeze. If up is the direction from here- I haven't the slightest clue where the top is after this. At the time of publishing this chart I hold $425 TSLA put contracts If the price action continues to strengthen the probability of this wave count I intend to further short the trade with additional options Tom
NASDAQ:TSLAShort
by tomthetrader1
10
Elliott Wave - EURUSD - Get ready for wave 5 - BUYGood morning traders, The EURUSD appears to be forming the c leg of wave 4. Once this wave has completed we are looking to go long on wave 5. Wave 5 will also have 5 sub waves providing opportunity to enter further positions on pull backs. Wave 5 will need to reach at least the peak of wave 3, meaning 1.1240 can provide an initial target. 1.1020 will also provide a great entry as this will be a long term inverted head and shoulders pattern. Any thoughts on the set up are welcome!
Long
by ForexStoreau