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BTCUSDT Elliott Wave - Current Corrective Wave StageCurrent in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave. Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame. - 1st Highs drawn from Wave 5 high. - The low being 22,750 and yet to understand why that level at time of posting but this the magic low used (it is a daily support and a level from which the price moved to make Wave 5 high). - The 2nd Highs drawn to the highest high within the range below Wave 5 high Interesting, using Trend Based Fib Extension, plotting the 1st high, that if you work the way up from left to right, choosing the lower highs on a 90 minute time frame, pulling the next plot to 22,750 lows, then lastly to high within range, playing with this tool draws perfect fibs that correlate to daily Point of Control (POC) levels. I've chosen to use the Fib at 22,750 because when drawing the retracement level for Corrective Wave B. If using 25,530, the price target is below Impulse Wave 3, which does not fit the rule for Elliott Wave Theory. -To draw target Corrective Wave B, using the Trend Based Fib Extension, (Low to high to low), drawn from Corrective Wave A at 22,7k to the High Impulse Wave 5 back down to Wave A at 22,7k giving a possible Corrective Wave B target to the upside of 23,4k. Another important level to be aware of for Wave B target is approximately 22,600ish which is a Naked Point of Control (NPOC) -To draw the Corrective Wave C target, a bit uncertain at time of writing. The last of which is more technical. Using the Trend Based Fib Tool, (high to low to high) from Wave 5, to Wave 4, to the Corrective Wave A, with a target to the downside of approximately 21,750 and daily support level. (at the time of publishing I've 22,129 chosen as it seems a strong daily support). Other point of interest. I've been using Exocharts TPO 1 hourly. Which has been useful for spotting Naked Point of Controls (NPOC), and as well as using Order Flow to determine market movements. Found that although some support levels are well respected. NPOCS on hourly TPO seem to be hit when on a down trend, and can be a good level of support. Please feel free to correct me n any mistakes you make think I have made. Always happy to have positive criticism and useful feedback. Play around with the Trend Based Fib extension tool, the levels and confluence with time frame support and POC's are amazing!
by hmaroudas
3
Ethereum 3D Elliot waves with demand zone analysis hello friends, as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom. I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices. Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum. Please manage your risk responsibly and make informed decisions. good luck!
by Arzesh
Volkswagen going wild soon Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€. On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market is catching its breath to be able to survive the upcoming wave 3 well. Due to the current market situation on the indices, especially the strong sell-off in the German economy, the price will probably come down to the 0.887 retracement at the 99€, before the trend direction of the market turns. From there, a price increase of at least 300% is possible on a multi-year level. The 1.618 extension is at 396€ per share.
XETR:VOW3Long
by DavidJankowski
Ambuja Cement This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long. Overall wave structure on daily time frame Macd in daily positive crossover and Uptick and also above zero line Macd in weekly positive crossover and Uptick and also above zero line RSI trendline breakout on daily time frame, uptick and also above 60 Price pushing upper bollinger band to open more upside RK's Mass psychological Cloud buy activated Dmi adx also positive on daily time frame Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:AMBUJACEMLong
by RK_Chaarts
Bitcoin Bearish? WIPWork in progress...Just throwing this out there, based on current sentiment, also DXY seems to be taking a new run higher. Long term bullish, but for the medium term, I think we can go down. Playing around with Elliot Waves here for fun. Missed the greatest short entry last week north of 24K (technical reasons) Might look to short if we bounce a bit higher for a lower risk short. Also DCA'ing on the way down. I think we have a chance of "sweeping the lows" as they say, as the whales tend to run stops when given an "excuse."
BYBIT:BTCUSD.P
by JJMa