Market Elliot wave analaysisFollow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
Elliotwavecount
Target Still ShortTarget is going to a minimum of $135 and could see as low as 102$. I tend to favor the latter. The stock is currently correcting from a run that started decades ago if you look on the monthly time frame. At a minimum these correct 50%. Anything lower than 135$ is a buy.
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
EURUSD trade ideaWe are waiting for the break of the trendline to complete wave 5.
Pls give a comment if you see this
Gold trading in weekly time and correction my past ideaIf we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave.
In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave or slightly larger
Of course, in the last box, the goals of 3 Wave are shown as Fibo OANDA:XAUUSD FOREXCOM:XAUUSD
BTC - How to predict future price action using any 5 wave EW
I would like to introduce a method I trade with. Many pieces of this have been taken from other great traders although parts are of my own discovery. After reading this post I recommend studying Elliot Wave theory and getting proficient in identifying 5 wave moves. Jim Of All Trades on Youtube is a great teacher in EW.
Every chart is traded on two axis. Price and Time. Most traders don't give any attention to the time axis. Here is a BTC 12hr chart I drew a couple months ago and have been updating on TV. We are breaking up individual Elliot Waves and pulling fib circles along them. The circles act as support and resistance for waves and sub waves. If we quarter the chart like a pie, price action reacts differently to rings depending which quarter it is in.
1. Become proficient in identifying 5 wave Elliot wave moves. EW is a life long journey but if you can identify any 5 waves you can trade with this.
2. Chart any completed 5 wave move you can find.
3. Pull Fib rings from the start of the 3rd wave to the end of the 5th wave.
4. Tighten up the rings so they hug price action. The way the TV tool places them is a little wider than ideal so you are going to snug them up and shrink the rings a little bit. (You are going to have to adjust the end points of the tool, they are never exactly at highs and lows. Remember fit the rings to price action)
5. Obviously since you are pulling 5 waves this method is only helpful after the 5 waves are completed.
6. Then you layer the primary ring waves over the sub ring waves. You will get support and resistance lines that help you predict price movement.
7. This method gets really good when you start laying possible EW counts over the rings or use it to identify tops and bottoms or moves. I like to add other indicators like Order Blocks. When a 4hr OB appears and price action is on resistance/support they play out really nicely very frequently.
8. If you were starting out with this I would recommend using a low leverage and playing the longs/shorts to get used to how it works.
9. Generally the times when this does not playout is when one ring interferes with current price movement and I have not accounted for that or had the ring hidden on my chart. You can imagine it quickly becomes messy with 5 for so sets of rings interfering. I have traded these all the way down to the 1min chart but the moves are so small that you would really need trade 100x and close quickly. I prefer to trade the 15min+ TFs with 10-25x leverage but don't let my risk tolerance affect you at all.
NASDAQ continues its drop to its final destination. Hello traders,
As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points.
The Federal Reserve anticipates that the federal funds rate will continue to rise.
On June 1, the committee will begin to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC.
As you can tell I have 2 mains strong objectives:
FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C
SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C
I will put more screenshot bellow for you to understand.
BTCUSD Running TriangleBitcoin it is in forth corrective wave.
The corrective way is a sideway and create one Running Triangle.
Fall in btc to 33kHi
My previous Elliot analysis is expired. In this situation, we are in wave fifth with ABC structure. We have ending diagonal. The Chanel of this structure is so clear.
You can sell btc at 39000-39400 with tp around 33000-33400.
Have good trade
Yours
LPRO long Market is finishing 1 to 5 Elliot wave theory, and we are expecting an ABC correction to the opposite direction.
and an entry after the retrace to our buy zone.
QQQ long setupMarket just finished 1 to 5 Elliot Wave Theory and we are forecasting it to finish it's ABC correction at 300 level and bounce up.
Entry: 300.62
Invalidation: 267
Target: 362
TWTR long potenatialMarket just finished 1 to 5 Elliot Wave Theory and we are forecasting ACB correction will bounce at the bottom of unfilled orders and reach the bottom of accumulation zone.
Entry: 40
Target: 60
Invalidation: 31
AA long scenarioMarket finished 1 to 5 Elliot wave theory and we are forecasting that this is the end of an ABC correction because it is 0.382 fib zone and top of the accumulation zone.
Entry: 65
Invalidation: 53
Target: 88 (middle of the accumulation zone)
UMC long potentialMarket is forming 1 to 5 Elliot wave which we are expecting to finish at 4.67 zone and reverse.
Entry: 4.67
Invalidation: 3.31
Target: 9.5
BIO long scenarioWe are finishing 1 to 5 Elliot wave theory and expecting price to bounce around 450$ zone.
Entry: 450 (institutional candle zone)
Invalidation 422 (Below buy zone)
Target: 644 (top of daily accumulation zone)
not a good time to be long for short term!
Bitcoin can see lower levels and we are looking for short position at this point
NFLX is going to complete wave 4NFLX is going to complete it's retrace to 0.33 of wave 3. If this wave counting is correct, wave 5 will be formed after wave 4.
Fall to 1860 for goldHi
We are in ABC correction on elliott analysis and gold can down 1860-1900 and below in this theory.
Have good trade
Tesla to $1700? Hey Traders,
As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly based on fundamental terms, so that's why various short sellers pick it unaware it defies bearish technical analysis. However, on the Bearish side, the MACD on the weekly looks like it will revert to red bearish histograms, foreshadowing maybe a correction.
But, I highly doubt it will hit $1700 in 3 years.
Safe Trading,
-Pulkanator
Adam and Eve Elliot Wave count on QuantWhat you see here is a Adam and Eve patten with a Elliot Wave count.
3 Trade to be taken:
Wave: 2 Long:
Wait on entry below current price: $142 to take profit on around $187.
Wave 3 short:
This one will be a short because of the Grab Harmonic. This short is risky due the Adam and Eve pattern. Entry short should be around $190.
Wave 4: Long:
Wait for the pullback of wave 3 for a entry on around $160 and aim for the target 5 which could be around $200 - $216.
Wave 5: Short:
Between $200 - $216 is a big resistance. Together with the wave 5 confluence for a correction wave it's a good opportunity for a short trade. Target should be $160.
BINANCE:QNTUSDT
Bitcoin Elliot Wave UpdateWe continue to progress in the impulsive price action to the downside which in the larger degree wave cycle is playing out the WXY to the downside from the ATH level. We can clearly see from X wave top at ~$48,000 that we began an impulsive structure to the downside which has evolved to many wave cycles of varying degrees as shown on chart; we are now heading into the latter stages of this 5 wave impulse to the downside, of which we currently lie in the MINOR Wave 5 Cycle. The Wave 5 Cycle appear to have more downside to go with further sub waves developing; we appear to be in the 3rd wave of the Minor Wave 5 cycle which has not yet completed with further sub waves developing with an appearance of another leg down towards ~$37600 price level which is strong support in confluence with the outer warning line of the pitchfork.
With a strong area of support from ~$37200 - ~$37600 it is a likely 3rd wave destination of the Minor Wave Cycle 5, there is possibility of a move slightly below the orderblock for the 5th wave of this final wave; where often a failure/fake out wave can occur where exhaustion of sellers means price quickly rebounds above orderblock and closes strong; where we can assume some upside relief will occur although in corrective fashion. This could be interpreted as a form of stop hunting which often occurs in this space before a trend change.
Please like and follow for more Advanced Elliot Wave Applications
BTC MayThis is a possible outcome for Bitcoin over the next month or so. Make a copy and you can see the hidden layers with relevant fib/elliot levels and zones of supoport and resistance.
Ebay Long ScenarioMarket just finished 1-5 Elliot Wave Theory downwards and started an ABC correction, we are waiting for the last correction wave to complete which we are forecasting to end in around $50 making it a flat ABC correction.
Entry: 50
Invalidation: 48.54
Target: 60.62
