An idea for BCHI feel like BCHUSD just had a triple 3 (WXYXZ) correction for a 50.0% retrace of highest degree wave 1. If this is the case, highest degree wave 2 should be ending at around 630-640 and start start upswing back to 705 resistance.
If it breaks 705, I expect highest degree wave 3 to begin. Next major resistance at 750. I calculated wave 3 possible top at 1190 using 1.618 FIB. Target set to 900-1200 region.
If it doesn't break 705, I'd imagine it will retest uptrend support around 660.
Feel free to criticize, I'm learning Elliott Wave Theory and welcome your knowledge.
Elliottwaveretracement
DAX / H3 : Ending diagonal to terminate wave corrective C ?Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities.
US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull signals and on the opposite showed sell continuation cycles. All tends to confirm this bearish continuation on DAX. We need further price development to confirm the ending diagonal but that's the early scenario I'm no waiting for.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
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[EW COURSE] IMPULSIVE WAVES SETUPBEST PLACE FOR ENTRY AREA
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CR1 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR2 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR3 = Research for BUY OPPORTUNITY on W(4)
CR4 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR5 = Research for BUY OPPORTUNITY on W(2 ) and W(4)
CR6 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR7 = (We don't trade it)
CR4 = Research for BUY OPPORTUNITY on W(2 ) and W(4)
FAIL IMPULSIVE WAVE:
- W(3) OVERLAP W(1)
- W(3) CLOSE BAR BELOW W(1) HIGH
EW GLOSSARY
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EURUSD 4h Elliott Long setup and short setupEURUSD 4h Elliott Long setup and short setup
Resistance: 1.14760
Support: 1.13072 - 1.12415
This is not investment advice
LTCBTC short 2nd Elliot wave is taking market by Storm 10%I thought that the second that the bullish for another bullish push but my suspicions were right and I it seems like that 2nd Elliot wave is on the play see BCN/BTC prediction. All the cryptocurrencies besides they use are in correlation with each other some of them more and some less but in general their behavior is very similar.
LTCBTC didn’t go thru 0.020000 which is very nice and respected psychological level. GAP based on weekly intervals is marked on the chart as well which combined with 0.02000 is creating very solid support/resistance area. I marked two head and shoulders formations plus there is almost perfect respect of important Fibonacci level 38.2. This chart is packed with many sorts of patterns and price action which suggest strong pull back and by the look at the polo exchange I wouldn’t expect prices to go up in short medium term.
I would suggest first level of TP area around 1.618% which is around 0.015000
My goal for this short position is 1.9$ which depends on the BTC value but I assume it will go below 0.010000 and I’m not expecting for BTC to go below less than 1000$.
If You look at the charts and see how some of the prices are ridiculous high compare to last year.
If You follow 10% challenge we are around -10%
I would go short here and I believe there is still time to enter the market and TP just above 0.0220000 and TP around 0.010000 or 0.05000.
I will keep You posted if I will close position before that or if something will change.
ETHUSD Elliott Wave CountsPossible Wave C correction completed. Retraced 50% of Wave 3, and corrective Wave A = Wave C.
Elliott Wave Analysis - Possible BTC Correction Path & Target(s)Various Elliot Wave counts have a high probability that Wave III completed just short of the 3000 level. After the completion of a major leg, a correction ensues to retrace a portion of the entire move. The correction can form various patterns, though a Zig-Zag or A-B-C correction is a high probability. Wave A corrected from 2980 to 2121. Wave B countered retracing back up to 2789. The Wave C correction should equal at least the full distance of Wave A. 2980-2121=859. Subtracting 859 from the B Wave high at 2789, results in a target of 1930, which also approximates a 38.2% retracement of the entire Wave III rise. The Wave C correction could extend to 1.618 of Wave, but this is a lower probability. Breaking key support near 2460, puts the Wave A low of 2121 as an initial target. Then a bounce before the target 1900-1930 levels are in play.
Understanding Elliott Wave Structures (Educational)Basically Elliott Wave rules state that the market moves in a series of 5 and 3 Waves.
Here we are going to take a look at the basic 5 Wave structure and general fibonacci rations that come into play with these Waves.
As you can see in the main picture that we have a 5 Wave down movement which has all the ideal fibonacci ratios.
GOLD; retracement soonWe should be due for a retracement targeting .618 levels @1280/81 before the big wave 3 drop .
GL!
BTC Elliott Wave Count - Near Term Top? #BTC Has BTC reached a temporary peak based on Elliott Wave Count methodology? The analysis is based on the available and relevant price data from the Coinbase Exchange. Wave 5 appears to have peaked at the US$3000 level, and is now correcting. Affecting BTC's near term price uncertainty is the UASF BIP148 vs Lightning Network issue that has not been resolved as of writing this post. Fibonacci retracement levels are included in the chart.
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[EW COURSE] ABC STRATEGY (Part 1)How to trade a "abc" structure (Part 1)
TACTICAL: SELL "B"
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[EW COURSE] FLAT CORRECTIONTYPES FLAT CORRECTION WAVES:
There are three predominant types of flat corrective waves. These include:
Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a bullish market, the price of the underlying asset moves against the trend to form a 3-wave shape. In an expanded flat wave, wave B also appears in a 3-wave structure and goes beyond the start of wave A, while wave C extends beyond the end of wave A. The expanded wave is also known as an irregular flat although this term can be misleading as the expanded wave appears more often than other types of waves.
Regular flat: In a regular flat correction, wave B ends slightly at the start of the wave A while wave C ends just beyond the end of wave A.
Running flat: A running flat wave is a 3-3-5 wave. Here, wave B terminates past the start of A wave and C stops almost close to the end of wave A. The formation of a running flat is quite rare. The difference between the expanded flat and the running flat is the point at which wave C stops. In an expanded flat, Wave C ends beyond the end of wave A.
All in all, each type of corrective flat is essentially an ABC wave with a 3-3-5 sub-waves or configuration. It is also important to note that these types of corrective flats go against the trend of the impulse wave, one degree higher.
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HARMONIC CORRELATION
long xauusdso when 1225 break out it just run 100PIP and today it doesn't going down
first long at 1224 sl 1220 tl 1236
second long at 1224 sl 1214 tl 1260
The gold doesn't go to 1188 it seems unreasonable in my system
When 1225 break out in 4h chart it confirm 1295 -1214 was over.
I respect the market ,market always is right
Another Impulse Behind, Another Correction AheadA five-wave rally and a bearish RSI divergence suggests bitcoin is on verge of another three-wave retracement, possibly down to the mid-1300s
elliott wave analysis short gold if want to short gold after 21 nature days at least or 42
if u want to buy u can set the sl at 1222 tl 1260
I am sorry ,i forgot to show this chart for u .
No word to say, u can see every thing in the chart
[EURUSD] CONSOLIDATION IN PLAYThe French elections this weekend will be the main driver for next week, and the next opening will mark the way for us.
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Possible bearish channel resistance swing opportunity We're on our last wave of the elliot pattern potentially reversing right on trend line resistance or the 61.8 retracement
eur usd shortso we have two strategy
first: short at 1.092-1.0932 sl 1.09375 tl:1.045 1.005 0.95
if 1.09375 has been broken
short at 1.102 sl:1.1052 tl:1.045 1.005 0.95
the maximum of profit/risk is 287
minimum 17
[EW COURSE] LEANDING DIAGONAL TRIANGLESThe diagonal triangle is a particular type of wave composed of Five minor movements that move within two trendlines, both ascending (or descending), converging in the direction of main trend.
Diagonal triangles substitute for impulses at specific locations in the wave structure. They are the only five-wave structures in the direction of the main trend within which Wave 4 almost always moves into the price territory of (i.e., overlaps) Wave 1.
This pattern we like very much!! ...and we use it on 30' and H1 TF.
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[EW COURSE] RATIO ANALYSIS (impulsive)Sequence of Impulsive Waves (12345 bullish). These are 8 Fibo/Ratio we use in our analysis/setup.
From a technical point of view (guidelines), traders try to:
=> take Long Position on Wave 2 (38%/61.8% W1)
=> and Stop below Wave 1 (close bar)
=> take Long Position on Wave 4 (38%/50% W3)
=> and Stop below Point 1 (close bar)
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GLOSSARY
Resisting the Temptation of GOOGL StockAlphabet's eight and a half years old uptrend appears to be nearing its end. The bears might drag the stock to $700 from now on.
