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Elliott Wave

DOGE leading Diagonal in 1w position, rare figureHere is my alternative waves count. Diagonal in this position is rare figure in both scenarios, a bear and a bull. The ratios are matching for labeling variants. In this situation an external indicators may help us to decide which side is right. A Diagonal is only five-wave structure in the direction of the main trend, within which wave 4 almost always moves into the price territory of wave one and within which all the waves are "threes" or can be labeled 5-3-5-3-5; A Diagonal appears occasionally in the wave 1 position of impulses and in the wave A position of Zigzags. An ending diagonal occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast". A very small percentage of diagonals appear in the C-wave position of A-B-C formations. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement. Ending diagonal often ends in a “throw-over,” i.e., a brief break of the trendline connecting the end points of waves one and three. Have a fat profit!
CRYPTO:DOGEUSD
by dogecoin_chain
Gold Analysis==>>Bearish Bat Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,606-$2,584) and near the Resistance line and the Upper line of the Ascending Channel . It also seems that Gold can potentially form the 🦇Bearish Bat Harmonic Pattern🦇 . According to Elliott's wave theory, Gold seems to be completing the main wave 4 . The main wave 4 structure is a Zigzag correction(ABC) . I expect Gold to continue falling after breaking the Lower line of the Ascending Channel to the lower targets .👇 🎯 Targets of falling Gold : 🎯 First Target : $2,571 🎯 Second Target : $2,560 🎯 Third Target : Around $2,536 ⚠️Note: If Gold goes above $2,620, we can expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
10
$SPY November 19, 2024AMEX:SPY November 19, 2024 15 Minutes for the rise 574 to 600 it retraced back 61.8% to 584 levels. For the fall 595 to 583 it retrace 61.8% levels to 589.5 yesterday. The range give earlier buy above 583 for 589 590 is done. For the last rise 583.86 to 589.48 AMEX:SPY retraced 50% to 587 levels. So, holding 586 we will have a target 589-592 levels now. In 15 minutes 9,21,50 all is consolidated so I expect a move Upwards to 590 levels. Also 588.5 is 200 averages in 5 minutes.
AMEX:SPYLong
by RiderTrader
5
EURUSD continues to extend sharp decline from 1.0600Dear Traders... Let's discuss and strategize with Ben today! Overall, after updating the low around 1.0497, the price recovered around 0.08% on the day. However, EUR/USD remained on the defensive near 1.0550 during the European session on Monday. The pair remained weak as geopolitical risks between Russia and Ukraine resurfaced although the US Dollar limited its gains. The divergent policy outlook of the ECB-Fed also weighed on the pair ahead of the central bank talks. Today, there will be no high-impact data that could influence the action of EUR/USD. Therefore, market participants will pay close attention to comments from central bank officials. Technically, price resistance at 1.0550 - 1.0660 and resistance at 1.0663 should be watched. A false breakout and consolidation below these areas could trigger a decline. Currently, Euro is hinting that the pullback could be a bit longer. MMs are likely to look for liquidity (above these levels) ahead of the news. A false breakout could trigger sellers to act, which would only add to the selling pressure. However, a mild recovery from 1.0550 and back to 1.0497 would increase the likelihood of a breakdown and decline.
Short
by Bentradegold
Gold price suddenly reversed and increasedOANDA:XAUUSD surged after the US dollar paused its rally and Russia-Ukraine tensions escalated. Spot gold ended the trading session on November 18 up $48 to $2,611/ounce, ending a six-session losing streak and escaping a two-month low. Sellers held back as US President Joe Biden authorized Ukraine to use long-range weapons supplied by the United States to strike deep into Russian territory. This was clearly a major driver of strong safe-haven demand, pushing gold prices higher. This move not only marked a turning point in the gold market but also signaled that investors were looking for opportunities amid increasingly tense geopolitical conditions. However, in the medium and long term, we still think sellers still have the upper hand technically!
OANDA:XAUUSDShort
by TomtradeFX
DOTUSDTPolkadot (DOT) - Elliott Wave Subwave Analysis In Polkadot's short-term analysis, the current price action suggests that the market is forming the 2nd corrective subwave of a larger impulsive wave structure. This subwave is part of the initial stages of an Elliott Wave sequence. Once this correction concludes, the next phase is anticipated to be the 3rd subwave, which is typically characterized by strong upward momentum within the wave hierarchy. If this scenario plays out, the 3rd subwave could potentially test or break key resistance levels. Disclaimer: This analysis is purely for educational and informational purposes and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
BITFINEX:DOTUSDLong
by yagizatokersoy
1
Solana - 15 min Elliott Wave AnalysisGreetings, this is currently my primary scenario for Solana but I'll also upload a second analysis with a back-up scenario so we're prepared for whatever happens! :) It looks as if Solana is forming an Elliott Wave Triangle on the lower timeframes which would finish a higher timeframe Wave 4. The most bullish scenario would be that Waves A-B-C-D are done and we are working on Wave E. We could go up right away if Wave E undershoots but I doubt that as we haven't seen any bullish reaction yet. The optimal Target for Wave E is between 212.49 USD and 208.23 USD. It is worth mentioning that we got plenty of FIB overlaps between 210 and 211 USD which additionally is the golden pocket. Below the golden pocket we also do have the weekly open at 210.07 and the daily open at 209.57 which could function as further support. I wouldn't be surprised if the price goes to the 1.618 extension at 207.94 USD which does overlap with the 0.786 FIB of Wave C-D and the trendline of the triangle as the previous waves always hit the 0.886 or the 0.786 FIB from the previous waves. If the triangle breaks down we'd be looking for a deeper Wave 4 or a Wave 2 which I'll discuss in detail in the following analysis. The Wave 4 support is between 200.34 USD and 172.52 USD and Wave 2 support is between 190.18 USD and 170.14 USD. The technical price target of the triangle would be around 185 USD. With a break below 160 we have to assume that something more bearish is going on. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Solana - 4H Elliott Wave AnalysisGreetings, this is my 4H count for Solana. Currently we are working on the 5th Wave of the white 5 Wave move up which would finish the blue Wave 3. We did hit the first target for the blue Wave 3 at 137.19 USD but it seems we have the potential to go a bit higher. You can see the support area for the wave count within the white Wave 5. We assume that the white Wave 5 is in the making as long as we stay above 215 USD. We added further targets for the blue Wave 3. Next targets are the 1.236 FIB at 262.14 USD, the 1.38 FIB at 278.63 USD and the 1.618 FIB at 308.20 USD. Noteworthy is that the 1.236 FIB at 262.14 USD is right above the ATH. Additionally we got some more FIB confluences between the 1.236 FIB and the 1.38 FIB. We got a higher degree target at the 0.786 FIB at 268.91 USD and at the 1.618 FIB at 265.89 USD. The 0.786 FIB target of the white Wave 5 is also at 267.20 USD. After we top in the blue Wave 3 we want to see a pullback in blue Wave 4. Currently the support area for the blue Wave 4 is between the 0.236 FIB at 218.13 USD and the 0.5 FIB at 184.22 USD. We do not want to drop substantially below the 0.618 FIB at 169.06 USD. The blue Wave 4 support area will move up if we get a higher blue Wave 3. If you are interested in a more detailed count of the white Wave 5 it is recommended to read my last Solana publishing called "Solana - 1H Elliott Wave Analysis". Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
Solana - 1H Elliott Wave AnalysisGreetings, this is my newest update and count for Solana :) Recently we broke out in an Elliott Wave Triangle which finished the white Wave 4 and we started working on the white Wave 5. I count the breakout as the green Wave 1 and currently we are working on the green Wave 2 in an ABC where we finished the red Waves A and B already. The blue Wave 2 Support sits between the 0.382 FIB at 230.78 USD and the 0.786 FIB at 218.57 USD. As the red Wave A nd B are in we can calculate the optimal target area for red Wave C. The red Wave C optimally terminates between 227.38 USD and 221.41 USD. The target area for C is showed as a box within the blue Wave 2 support. Noteworthy is that the optimal target of Wave C is in confluence wit the golden pocket of the blue Wave 2. A rare target for the red Wave C would be the 2.618 extension at 215.59 USD marked dark red here right below the triangle trend line but this would break our blue Wave 2 support and shift probabilities to that we already topped out in the white Wave 5 and started a pullback. We added an additional target area between the 0.618 FIB at 255.45 USD and the 0.786 FIB at 267.20 USD to look out for if we move higher. Noteworthy is that the ATH is within that target area and this ATH could serve as resistance. The 0.786 FIB at 267.20 USD is also in confluence with higher timeframe FIBS at 268.91 USD and at 265.89 USD. Be aware that if we break the ATH we will enter price discovery. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds). Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree. And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025. To confirm this we need the break out on the RSI. And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;) Cheers!
Long
by PickleBiit
5
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D - In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern. - So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone. - In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three. - In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo. - Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel. In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area). So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges. 💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OKX:FTMUSDT
Long
by alikze
4