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Elliottwaveretracement

Gold Future - Elliott WaveGold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement. Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
COMEX:GC1!
by TradingX30
2
UPDATE ON XAUUSDHere's an update: 1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release. 2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction. I prefer to wait until structure and pattern formed. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
OANDA:XAUUSD
by MarioSianipar_
BNBUSDT Short (Longer term view)Here we have a longer term trade for BNBUSDT shown on the daily chart. The Elliott Wave pattern shown in the image is an "ABC" pattern. Blue wave (A) moves upwards and consists of 3 waves: A,B, and C (in yellow). Blue wave (B) moves downwards and consists of 3 waves: A,B, and C (in yellow). In accordance with the theory, wave C in an ABC must end with 5 waves, which is what we see with blue wave (C). Blue wave (C) also formed an "ending diagonal" which usually signals that a sharp reversal is due ahead. Entry price 1 is so that the position can be entered in case we continue down from here and is at 311.03 Entry price 2 is there in case the market pushes higher one last time before moving down and is at 347.35 Be cautious not to over allocate capital at Entry price 1, otherwise your risk:reward ratio will go down to around 1:1 Profit target 1 is at 253.77 Profit target 2 is at 235.74 As always this is not financial advice and is only intended for educational purposes
Short
by TradewithLu
EURUSD ForecsatEURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing. What to do? We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities. Alternative scenario We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows. Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is. As always, we will keep you updated Please remember to do not to risk more than 2% of your account on each trading idea
by TradingtheRightSide
EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c. When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 . Don’t forget prices are moving outside the channel, which is a negative point for traders. Bearish continuation is possible if the price sustains below wave (4). I will update further information soon.
MCX:NATURALGAS1!
by forextidings
2
NIFTY 50 Elliott wave viewHey guys ! Please check out the latest count in nifty as per Elliott wave theory. The nifty look in a retracement for last impulsive move from the lows of Jan 2022 and to the top of 1st December 2022. In my view the nifty has completed its wave 1 downwards and retracing for wave 2 upside, if it retraces upto 61.8% then we may start falling from 18679 that is the level of 61.8% of wave (i) downwards. All counting are marked on the chart. This is strictly for educational purpose. Your inputs are highly appreciated. Thank you.
NSE:NIFTYShort
by imkhushal
4
QQQ reversal soon?www.tradingview.com [/urlOk so with the divergence on the 4 hr it is very possible wave 5 is complete, But we have a zigzag formation that has not been completed yet, C will mark the spot at 100% extension, if we were to reverse here these are some levels to watch. I know most people are bearish and so am i BUT the market has never tanked when people expected it too, that's the only thing keeping me a little bullish, also a lot of people are shorting the market so it would be a perfect time to make a big squeeze,
NASDAQ:QQQLong
by sethsalazar70