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.
Elliotwavecount
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
ODFL LONG SETUPMarket just finished 1-5 Elliot Wave Theory Upwards and is on it's way to complete ABC Correction to the opposite direction, we are expecting market to bounce at 235 zone because it is 38.2% fib zone, and an institutional candle zone, after the bounce we are expecting price to reach our target which is at B point of an ABC correction.
Entry: 235
Invalidation: 222
Target: 329
MKTX LONG SET UPMarket is finishing1-5 Elliot Wave Theory we are expecting last wave to end on a ~243 Demand zone, because it is 61.8% fib retracement zone. our invalidation is just below demand zone and our target is liquidity zone market created while moving down.
Target: 424
Entry: 243
Invalidation: 218.81
SQ: Sell Zone is 170 -176SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.
UBER: Sell Zone is 39-41Uber's 5-wave move off the low appears to be taking the form of a leading diagonal. W-5 within this larger degree W-1 should top around the $39-41 region near the end of April/Early May. After that, UBER should pull back to about the 31-33 region before beginning its W-3. Sell in May and Go Away
Ethereum Elliot Wave Analysis (BULL COUNT)This is looking like its gonna play out. Although this looks the most likely there are forces at play that could prevent this outcome. Although the bear counts are less and less likely. This is the count that you can count that does not require you to force or skirt rules. If anyone has a better count please comment I'd be curious to see what your mind could come up with.
BTC 70k+ Elliot Wave Target for completion of Wave 1 macroLooks like we are on the final leg of the final leg of a full 5 wave cycle from the inception of Bitcoin.
