Dogecoin - Facts & targets analysisWe see following facts:
1) Facts for go down:
The probability that we will go down is higher than vice-versa. You can see this on 2W time frame;
According to Elliot waves principle the Triangle appears in the wave 4 position, more frequently than vice-versa. Moreover the target of this triangle formation is already reached;
DXY is rising, there are prerequisites for continuation of this movement;
2) Facts indicating go up probability:
Every time when Dogecoin SMA 280 & 938 crossed each other we have seen pump! The first pump was in 2016 Aug +9000%. The second pump was in 2020 Nov +27000%.
In case of confirmation of the crossing we could expect growth comparable to the first pump. In case of go down the bottom is around 0.008;
I personally do not care which scenario will work out, because ready for both scenarios, by managing orders volume & risk/profit ratio.
Hope you too. Good luck everybody and have massive profit.
Elliotwaveanalysis
DAX, will this be the end of the bullish cycle wave?Hallo everyone,
markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past.
Also my wave count is pointing to an fifth wave of a fifth wave.
18000 will be a psychological barrier I don't expect the price to go over easily and we are facing the 1,618 extension level from the last wave at around 17700.
I will work with several positions starting from 17700 up to 18000.
📍Part 5: Corrective Waves - Simple - Triangle.Hello!
➡️In this lecture, we will cover one of the most common or popular correction options - triangles. I remind you that we are now considering various correction structures that are encountered both separately and can be part of more complex structures.
➡️Triangles are probably the most popular pattern for all beginners, yes, and not only beginners. It is quite often seen on the chart and most likely everyone tried to trade it according to classical recommendations, for example from books or a course, when essentially everything comes down to breaking dynamic resistance on one of the sides where you buy or sell.
➡️In history, everything looks pretty harmonious as usual, but in real-time, it turns out to be not that simple, and here maybe just the rules from wave analysis will help to avoid a certain number of errors.
➡️So let's take a look at the main rules and guiding norms for triangles!
✅ General Rules ✅
📍A triangle always subdivides into five waves.
📍At least four waves among waves "a", "b", "c", "d" and "e" are subdivided into a single zigzag.
📍In a triangle, only one subwave can be a multiple zigzag or triangle.
✅ General guidelines ✅
📍Usually, wave "c" or wave "d" subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
📍Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave "c" to equal 0.618 of wave "a".
📍A triangle can be correction wave "4" in the impuls, wave "b" of a zigzag, wave "x" of a double or second wave of an "x" of a triple zigzag, sub-wave "c", "d" or "e" of a triangle and the last structure of a combination.
✅ Contracting Triangle ✅
Rules
📍Wave "c" never moves beyond the end of wave "a", wave "d" never moves beyond the end of wave "b", and wave "e" never moves beyond the end of wave "c". The result is that going forward in time, a line connecting the ends of waves "b" and "d" converges with a line connecting the ends of waves "a" and "c".
📍Waves "a" and "b" never subdivide into a triangle.
📍In a running contracting triangle, wave "b" should be no more than twice as long as wave "a".
Guidelines
📍Sometimes one of the waves, usually wave "c", "d" or "e", subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
📍About 60% of the time, wave "b" goes beyond the beyond the start of wave "a". When this happens, the triangle is called a running contracting triangle.
✅ Barrier Triangle ✅
Rules
📍Wave "c" never moves beyond the end of wave "a", wave "d" never moves beyond the end of wave "b", and wave "e" never moves beyond the end of wave "c". The result is that going forward in time, a line connecting the ends of waves "b" and "d" converges with a line connecting the ends of waves "a" and "c".
📍Waves "b" and "d" end at essentially the same level.
📍In a running barrier triangle, wave "b" should be no more than twice as long as wave "a".
Guidelines
📍About 60% of the time, wave "b" goes beyond the start of wave "a". When this happens, the triangle is called a running barrier triangle.
📍When wave "5" follows a barrier triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
✅ Expanding Triangle ✅
Rules
📍Wave "c", "d" and "e" each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves "b" and "d" diverges from a line connecting the ends of waves "a" and "c.")
📍Subwaves "b", "c" and "d" each retrace at least 100 percent but no more than 150 percent of the preceding subwave.
Guidelines
📍Subwaves "b", "c" and "d" usually retrace 105 to 125 percent of the preceding subwave.
Hellena | GOLD (4H): Short to 50% Fibo lvl 2231.Dear Colleagues, it looks like gold is completing the impulse wave "1" of higher order and I expect the price to finally decline to the area of 50% Fibonacci level 2231. The decline has been expected for a long time now and the main thing for us is to catch a good entry into the market!
Watch the risks!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure:
w.1 - completed Dec 2017
w.2 - declined @ 78.6% of w.1
w.3 - an impulse 5 wave @ extension 361.8% of w.1.
w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-.
w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD
The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K.
Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline.
Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave.
Always affordable risk and respect your stop.
Eat No Ants: Ethena outlookSOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess.
Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up.
ANYWAY
To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you visit their website.
THAT'S WHY
only speculative interest
I assume a diagonal, I also indicated the zone of the maximum correction of wave 2, but I only have a Binance chart, so everything may not go according to plan at all. We are waiting for confirmations, divergences and points to build a channel
Wipe out ur Pixels and lissn'since I don’t really believe in GameFi, this is probably the only game project that I will consider
The graph here is strange and nothing but Diagonal comes to mind
HOWEVER
you can look at the chart yourself and figure out whether some kind of growth is possible here, if since listing on Binance the asset has made 2500%+
I think (but don't know), that its possible to do x10 as all other crypto.
the question iz 'how fast'?
faster than otherz I guess
TONnz of bytez, bonjour, PaulHi there, my dearz! Tha time haz come to reveal newcommers of this bullrun! mista namba van - attractive brunette with his project with chatz, walletz and total surveillance.
Paul's Du Rove';z TON!
The giant Mr.T gave the first impulse 1-3-5, and now we have 2 paths.
Or is it 1-3-5 of the 1st degree - then we can expect a deep correction of wave 2 (from 0.38 to 0.84 fib)
OR The giant Mr.T gave the first impulse of ABC, meanin', that Wave A iz done, now we are waitin' correction Wave B (0.236-0.864 fib) and Wave C, which can be a Diagonal'
ANYWAY !!
u see sll at the chart, what im I tellin', SO BUST THIZ IDEA IF U UNDERSTAND IT
cheerz
XRP's Wave 2 is nearly complete. A BIG MOVE IS COMING!XRP is getting close to completing the 2nd Wave of the 5 Wave move to the upside after breaking out of the Cup & Handle formation that I identified in my earlier posts these past few months. It looks like we could see a turn around, and the start of the 3rd Wave around, or shortly after the eclipse.
Good luck, and always use a stop-loss!
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
GOLD POTENTIAL ENDING DIAGONALWe are currently in a 5th Wave of a GOLD cycle on the weekly timeframe.
This 5th wave is what we see currently developing as a potential ENDING DIAGONAL
If we are able to see a strong reversal pattern from where price currently is, that may be the beginning of the 4th wave of the ENDING DIAGONAL
EURUSD Daily Elliot Wave AnalysisAfter completing the first upward Impulse wave, we've seen a downward correction in the form of Wave A, followed by a complex correction Wave B forming an ABCDE triangle pattern. Now, as the triangle appears to be completed, we anticipate the breakout of Wave C to the downside, with expectations of it continuing towards the Fibonacci 61.8% retracement level.
Hellena | Oil (4H): Long to resistance area of 88.00.Dear Colleagues, we expected the price to decline, but it seems that the upward movement is not over yet.
I expect the completion of wave "5", then a corrective movement in wave "B" of higher order in the area of 38.2% - 50% Fibonacci levels (83.62), after which I will consider only long positions to the resistance area of 88.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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.
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
Dogecoin short term analysisIt could be Elliot Wave Expanding Flat correction as well as Wedge. In the first case buy out target ~ 0.1, in the second case - 0.137. According to oscillators i anticipate the both figures will work out: 1) EWI Expanded Flat 2) Wedge.
If uptrend is too much powerful we will see the price bump out on the level where wave A started ~0.17
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!!
Exxon Mobil Is On The Way HigherExxon Mobil with ticker XOM is back in the uptrend after a completed (A)-(B)-(C) irregular flat correction for wave 4. It's in strong rally away from projected support for wave 4, so wave 5 can be now in progress, which should be completed by a five-wave cycle of the lower degree. It can easily send the price towards all-time highs, just be aware of subwave (4) pullback. At the same time Crude oil could be headed to 85-90, maybe even 100 area.
📍 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. 🔔
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!