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Elliotwaveanalysis

Nvidia Heads towards Long Held Target of $834I recently gave an explanation for b-waves that stated: Sometimes B-waves can be difficult to track as an Elliottition. B-waves, and wave 4's serve a very healthy, potentially complex, but totally rational role, in the advance or decline of price within a market place/security. They represent the competing viewpoints about the direction of a security and it is within these areas, market participants are willing to dedicate capital to see their perspectives come to fruition. Ultimately, we know they're wrong, because these pattern attributes are counter trend areas of consolidation, technical reset, etc. With our (b) wave completed, we can now turn our attention to the target box where the $834 should be visited on a minimal basis, with the outsized chance of $753 to get even deeper in the target box. From there, we'll make an assessment as to potential future price forecasts. Best to all, Chris
NASDAQ:NVDA
by maikisch
Gold Correction Due - before this week market closePEPPERSTONE:XAUUSD Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration. Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post. In this scenario, when there was no extension in the impulse waves, the correction would be till 0.618 to .50 Fib Retracement Level 2226 - 2200 Range.
PEPPERSTONE:XAUUSDShort
by MendiUser
3
Silver With The Most Important Breakout Of The Last 3 YearsSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside, especially as a structure away from 21.90 looks impulsive, with no overlaps. However, there can be some retracement within recovery, maybe new fourth wave is already around the corner as silver can slow down a bit at the end of blue wave 3. Support on dips is around $25. GH
SAXO:XAGUSDLong
by ew-forecast
GTAIUSDT in the near future!!Hi. KUCOIN:GTAIUSDT Today, I want to analyze GTAI for you in a 9H time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). 🔵We have a Bullish Structure here GTAI formed a falling wedge on 9h timeframe🤔 Up we go if we do breakout , ended correction waves, & starting 5th impulse waves. PRZ ZONE. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 5th waves. 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
9
📍 Part 4. Corrective Waves- Simple Zigzags - Sharp Corrections.👩🏻‍💻 Welcome to the 4th lecture on Elliott Waves! ➡️In this lecture, we will start discussing the variations for corrective movements. Let's begin with the simplest one - it's zigzags. ➡️By correction, we mean the construction "ABC" after an impulse. This reminds us of a zigzag, hence the name. Also, we can encounter it in each corrective wave, that is, "2" and "4" - it's the simplest and most common form of correction. ➡️As you recall from previous lectures, for waves "A" and "C," there are variations in the form of Leading and Ending Diagonals, and the same applies to "B," namely flat, zigzag, triangle, or even a combination, i.e., any three-wave pattern. Here it's worth remembering that wave structure is fractal, and there's no need to be afraid, just like with variations for impulses, namely leading and ending diagonals. ➡️Zigzags can often be embedded into a parallel channel. We've dealt with a simple zigzag. Most likely, your main questions are about variations for "B": flat, zigzag, triangle, or combination. On the cover of the learning materials, you will find the main variations of simple zigzags. Keep and use them! 📍 Let's look at the main rules and guidelines! 📍 📍 Guidelines: 📍 📍In a zigzag, wavelength "C" can be equal to wavelength "A". 📍Wave "B" is usually corrected at 38.2% - 78.6% of the length of wave "A". 📍If wave "B" is a triangle, is usually corrected at 38,2% - 50% of the length of wave "A". 📍If wave "B" is a zigzag, is usually corrected at 50% - 78.6% percent of wave "A". 📍In a zigzag, if wave "A" is a leading diagonal, then we would not expect to see an ending diagonal for wave "C". 📍A line connecting the ends of waves "A" and "C" is often parallel to a line connecting the end of wave "B" and the start of wave "A". (Forecasting guideline: Wave "C" often ends upon reaching a line drawn from the end of wave "A" that is parallel to a line connecting the start of wave "A" and the end of wave "B".) 📍Waves "A" and "C" within the zigzag often appear in the form of impulses, but more often alternate according to the type of motive waves: if wave "A" is an impulse, expect wave "C" in the form of a diagonal, and vice versa. It is much less common to find waves "A" and "C" in the form of diagonals. 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
4
Hellena | Oil (4H): Short to support area 80.22.Colleagues, the price has redrawn the waves a bit, I was waiting for it and at the moment I assume that the price may update the wave "C", then I expect the price to decline to the support area of 80.22. This movement should update the minimum of the wave "B", then I will make a markdown and expect an upward movement, but for now I am considering only short positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:USOILShort
by Hellena_Trade
8
Education chart - SIMPLE ZIGZAGS in WXY DOUBLE ZIGZAGI started to assemble own ibrary of ElliottWave patterns and rules. Here simple zigzags occured in: wave W and wave Y of WXY double zigzag Zigzag 1 - wave W Wave A - leading diagonal Wave B - double zigzag Wave C - ending expanding diagonal ending at the top line of the parrallel channel Zigzag 2 - wave Y Wave A - impulse Wave B - double zigzag Wave C - ending expanding diagonal ending at the middle of the parrallel channel ----------------------------------------- ## Rules for Simple ZigZag - Subdivide into three waves. - Wave A is always an impulse or leading diagonal (expanding or contracting) - Wave C is always an impulse or ending diagonal (expanding or contracting). - Wave B is any corrective pattern. - Wave B never moves beyond Wave A start - Wave B always ends in Wave A territory - Wave A and C cannot be both diagonals of the same type (contracting/contracting or expanding/expanding), other combinations are possible ## Norms - Waves A and C are frequently impulse waves but even more often they alternate between impulse and diagonal modes. Waves A and C may occasionally alternate between contracting and expanding diagonals - Waves A and C cannot be diagonals of the same type - Wave C must travel past Wave A's top. In Elliott Wave Theory, failure to do so is referred to as truncation - Wave C should not go below 90% of Wave A ## Guidelines - Wave C is typically equal to 0.618 (occasionally 1.618 or 2.618) of wave A - Wave B typically retraces 38-79% of Wave A - in case B is a triangle it retraces **38-50%** of Wave A - in case B is a running triangle, the retracement can be **10-40%** - in case B is zigzag, the expected retracement is **50-79%** - The parallel channel that connects Wave A's start and Wave B's finish may provide a hint of where Wave C might conclude by extrapolating the other line from Wave A's end - If waves A and C are both strong, wave C will reverse at the channel's top line - If wave C appears weaker than wave A, it may reverse at the channel's middle - If Wave C performs stronger than A, a double channel will be used as a target of the reversal point. ## Occurs in Wave 2 Wave 4 (unless happened in wave 2) Wave W, Y of WXY double zigzag Wave W or Y of a combination Wave B of ABC flat Waves 1, 2, 3, 4, 5 in contracting diagonal Wave B of ABC zigzag Wave X of WXY double zigzag
TVC:USOILEducation
by Fomenka
3
DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave 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
Bitcoin Slows Down At 70k As Nvidia Keeps ConsolidatingHey guys, Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on cryptos if stocks would really pull back for end of the month and end of the quarter flows. Also, dont forget on the Easter holidays which can certainly have an impact on the markets. Let me know if you like the video please in the comments below, or what you want me to cover in next updates. Thx, Grega
BITSTAMP:BTCUSD
by ew-forecast
BITCOIN can ascend further ! What Shall we Expect ?Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 4H time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, BITCOIN is in an ascending channel and also recently managed to break the ascending triangle, if the price follows this pattern AB=CD will happen and the price will grow to top of the channel. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Ascending Triangle 🟢 bullish channel ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. 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!!
COINBASE:BTCUSDLong
by CobraVanguard
3
AUDUSD: Bearish Triangle Pointing Lower, Dovish RBA? During the overnight Asian session, there was a release of Australian CPI data, indicating that inflation remains stable at 3.4%, which is slightly below the expected 3.5%. Consequently, we can anticipate that this news could potentially drive the Aussie lower on maybe dovish RBA, who may try to follow other dovish CBs. From an Elliott wave perspective, we are tracking bearish pattern; its an A-B-C-D-E, possibly in already late stages. However, the ideal resistance for a wave E could still be a bit higher, around 0.6580 or so. Nevertheless, if we witness a break below 0.65, I believe that the decline could immediately resume toward the lows seen in March. Grega
Short
by ew-forecast
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions. Litecoin Setup (Part. I) ====================== Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker