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Elliotwaveanalysis

📍Part #7, Multiple Zigzag - Corrective Waves - Combined.👩🏻‍💻Hello! Dear colleagues, this is the 7th lesson on wave analysis and today we are going to look at Multiple Zigzag. We already know what a Zigzag is, so we will not look at this pattern for a long time, but just to clarify that Multiple Zigzag consists of several Zigzags. Let's get to the rules and guidelines! ✅ Rules ✅ 📍A Multiple Zigzag comprise two (or three) single zigzags separated by one (or two) corrective pattern(s) in the opposite direction, labeled "X". In the first case, it is called «double zigzag», in the second - «triple zigzag» (The first single zigzag is labeled "W", the second "Y", and the third, if there is one, "Z".) 📍Waves "W", "Y" and "Z" are always single zigzags. 📍Wave "X" never goes beyond the beginning of waves "W" and "Y". 📍Wave "Y" always ends past the end of the "W", and wave "Z", if any, always ends past the end of the "Y". 📍The first "X" wave always ends on the territory of the "W" wave, the second "X", if any, on the territory of the "Y" wave. 📍In a triple zigzag, the first "X" wave is always a zigzag, flat or combination. The second "X" wave is always a zigzag, flat, triangle or combination. 📍In a double zigzag, wave "X" is always a zigzag, flat, triangle, or combination. 📍Double and triple zigzags replace single zigzags, but cannot appear as "W", "Y", or "Z" waves. ✅ Guidelines ✅ 📍In a double zigzag, wave "Y" can equal wave "W", .618 wave "W", 1.618 wave "W", or terminate at a distance equal to 1.618 wave "W" past wave "W". In a triple zigzag, there can be equality among waves "W", "Y" and "Z", or wave "Z" can equal 1.618 wave "Y", 1.618 wave "Y", or terminate at a distance equal to 1.618 wave "Y", past wave "Y". In a triple zigzag, the Fibonacci relationships between waves "W" and "Y", would be the same as a double zigzag. 📍The Fibonacci relationships between waves "W" and "X" in a double zigzag, and waves "Y" and "XX" in a triple zigzag are analogous to the relationships between waves "A" and "B" in a single zigzag. 📍In a double zigzag, as a guideline, wave "b" of wave "Y" should not break the trendline that connects the beginning of wave "W" with the end of wave "X". 📍As a guideline, wave "X" (second wave "X" of the triple zigzag) of a double zigzag should break the trend channel formed by the first zigzag in wave "W" ("Y") and be greater than 80% of subwave "b" of wave "W" ("Y" and "Z"). 📍When a zigzag appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave "4", the preceding wave "2"), the complication of the structure to a multiple zigzag will probably follow. Thank you for your attention! There will be another lecture next week! Don't miss it! 🔔 Links to other lessons in related ideas. 🔔
Education
by Hellena_Trade
SOLANA - $600 on the Cards?👀📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for the short term, the support zones should hold at $140, with wicks as low as $120. When incorporating this into Elliot Wave Theory, our next impulse up (wave 4-5) should take us to roughly $290. But it doesn't end there. When we zoom out, and view the chart from a macro perspective, we see a different structure of Elliot waves... We're possibly still in wave 0-1! And if we use the same Elliot wave ratios to calculate wave 5, (% of wave 1 OR 161.8 x wave 1 length) then wave 4-5 takes us even beyond $600. It's important to note though, that this is a multi-month and potentially multi-year target. Although SOL has previously increased 500% in a few weeks, the markets are more mature than they were in early days with many more adopters and institutional investors joining the game. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SOLUSDT BINANCE:SOLUSDT
Long
by CryptoCheck-
1
TRXUSDT | TFW Wave Analysis | Massive Bull Move +150% Price action and chart pattern trading setup: > A massive bullish wedge downtrend wave ready for bull rally + 150% upside (0.11+ USD)- strong dynamic SMA200W and wedge TRIPLE PIN BAR trendline support. > The key symmetrical resistance to breakout SMA200D and upper resistance 0.06 price if breakout successfully the next target at 0.07 and 0.09. > Indicator: both Money Flow and RSI bullish divergence in daily timeframe - strong signal for a possible upcoming reversal pattern.
Long
by dukeposh
3
DOGE - $0.30 Next Target, Elliot Waves📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): The DOGE fractal I've been following has played out extremely well, and so I will continue to follow this fractal: Since we have now completed Elliot Wave 2-3, we are seeing the corrective phase of 3-4. This means we have yet another impulse wave upwards to look forward to after the correction is completed. Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. Fibonacci Ratio Relationship • Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3 Therefore, if wave 3-4 does not retrace beyond wave 1 our next target price is around 0.33: The GOOD NEWS though, is that this could very well be a small part of a MARO cycle. I've previously explained that Elliot Waves can be like branches of broccoli - each wave makes up a part of a smaller or bigger wave, including ABC corrective waves in each impulse wave, as demonstrated by the front page chart. Previous DOGE idea where we first look at the fractal: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:DOGEUSDT
Long
by CryptoCheck-
5
DOGEUSD | ABC Wave Cup Pattern - Target Projection +120%A potential ABC - Cup pattern formation scenario TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication > RSI convergence signal supporting wave 3 status > Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone. > Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit. Always trade with affordable risk and respect your stoploss Goodluck
COINBASE:DOGEUSDLong
by dukeposh
1
New (ATH)?Bitcoin just completed a regular flat correction that ended at 60,000$, and now we are continuing the rally with new impulsive waves. on a small scale, bitcoin recently finished the first impulsive wave (wave 1), and we are about to undergo a small correction that will bring prices back to between $65,000 and $62,000. After this correction, we will enter the third impulsive wave, which is the typically strongest. following this wave, we will exceed the previous (ATH) set last month, reaching prices between $82,000 and $85,000
CRYPTO:BTCUSDLong
by Bolfooz
📍Part #6, FLAT - Corrective Waves-Simple-Sideways corrections.👩🏻‍💻Hello! In this lecture, we will cover one of the options for corrective cycles, namely Flat. Let's now look at the 'flat' separately as a stand-alone correctional structure. I remind you, 'flat' and 'plane' are essentially the same thing. So, the 'flat' always has a three-wave structure, and it looks like this: 3-3-5. That is, you can identify it by the third wave "C", which always has a five-wave structure. But it can also be a Ending diagonal. And all this will be within the scope of a regular 'flat' or 'plane'. If we draw a line from the base of wave A and the maximum of wave "B", and then also draw a line or level from the end of wave "A" and the end of wave "C", we will get parallel lines, which is exactly what the name Flat hints. And this wave "B" should roll back approximately 90% of wave "A" for everything to look nice. But not always, because there is also an expanded 'flat' and a running 'flat', whichever you prefer. Well then. Let's look at the main rules and guiding norms for flats. ✅General rules✅ 📍A flat always subdivides into three waves. 📍Wave "A" is always a zigzag, flat or combination. 📍Wave "B" is always a zigzag. 📍Wave "C" is always an impulse or a ending diagonal. ✅General guidelines✅ 📍Wave "A" is usually a zigzag. ✅Regular Flat✅ Rules 📍Wave "B" never goes beyond beyond the start of wave "A". 📍Wave "B" always retraces at least 90 percent of wave "A". 📍Wave "C" always ends past the end of wave "A". Guidelines 📍The rarest type of flat correction. ✅Expanded Flat✅ Rules 📍Wave "B" always ends after the start of wave "A". 📍Wave "C" always ends past the end of wave "A". Guidelines 📍Wave "B" usually retraces 123.6 or 138.2% of wave "A", less often — 161.8%. 📍Wave "C" is often equal to 161.8% of wave "A", less often — 261.8%. 📍The most common type of flat correction. ✅Running Flat✅ Rules 📍Wave "B" always ends after the start of wave "A". 📍Wave "C" never goes beyond the end of wave "A". Guidelines 📍Within such a flat wave "B" should end well above the origin of wave "A" and that means wave "C" might reflect a 61.8% or even a 100% relationship to wave "A". 📍A running flat indicates that the forces in the direction of the larger trend at next higher degree are powerful. 📍Wave "B" is usually no more than twice the length of wave "A". Keep in mind that a running flat is rare. Thank you for your attention! There will be another lecture next week! Don't miss it! 🔔Links to other lessons in related ideas.🔔
Education
by Hellena_Trade
1
Honestly, I don't feel like explaining, the chart says it all !!Hi. BINANCE:BTCUSDT Honestly, I don't feel like explaining because the chart says it all. PREVIOUS ANALYSIS Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Simple chart analysis for SPYActually, it was difficult to get the gasp of using Elliot Wave on this kind of chart because it didn't work like usually do On H4 t.f., three Elliot Wave finished. ABC correction finish. A to B of second ABC is in process. I use fibonnacci from peak 2 to peak 0 and start with the level 0.50% to have a better idea of where the fifth peak will be. It should reach 300% of fibo. . The percent and 100% fibo. it's to know strong zones for retracement. Note: It is a risky trade cause I'm not very familiar with this kind of chart with so many gaps, but I have analize it the best I believe.
AMEX:SPYShort
by Ftradorex
ETH : Following BTC, Elliot Correction Wave $2700📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick towards the 100d (turquoise) will not be unusual: Here are my thoughts on Ethereum from a MACRO outlook, for future potential targets: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ETHUSDT
by CryptoCheck-
3
Dogecoin - intermediate Triangle of primary trand continuationIn Elliot wave principle analysis - Triangle is a figure of a trend continuation. It always occurs in a position prior to the final actionary wave, in the pattern of one larger degree. I.e as a wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple Zigzag. A triangle may also occur as the final actionary pattern in a corrective combination, although even then it usually precedes the final actionary wave in the pattern of one larger degree than the corrective combination. The triangle is part of corrective wave and the exit target of the reactionary wave is already worked out. The probability than we go down is higher than we go up, you can find it in a previous postings. You can see an example how worked out the triangle exit on Silver 1974 year - fourth wave, as well. As for bottom of this triangle, you can see it on this chart: -0.00769 USD. Good luck in your trading and have a massive profit !
CRYPTO:DOGEUSDShort
by dogecoin_chain
1
#ETH seems like is ready for the upside moveAs visible in the chart, we have a well-established bullish trend and market structure in the daily timeframe chart of ETH. Following the formation of a top on March 12th, 2024, the price initiated a corrective bearish move, corresponding to an ABC zigzag correction and retracing approximately 61.8% from the previous bullish move. Furthermore, the price has also reached a bullish trendline, which could act as static support. Additionally, tomorrow, on April 19th, we have the halving event, which has historically brought buying pressure to ETH. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati