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Elliotwaveretracement

ADA, Wave 2 Is In, Commence Dippening!!Last time i left you guys with extrapolated targets for what our wave C should look like based on Elliot Wave and Fibonacci Retracements and Extensions. Wave 1 ended slightly shallower than I expected it to, it was actually finished when i posted my last chart, but we couldn't have know that because we had no data on Wave 2 yet. Now we see that the retracement of Wave 1 was deep. It came to the 0.786 Fibb. You can clearly see our 3 Wave ABC correctino structure within wave 2, therefore, we must continue our Wave C by commencing the start of subwave 3. Now I have extrapolated new targets for our wave 3 and 4, and made the wave 3 fairly extended, reaching the 2.618 Fibonacci Extension . I did this because the 3.618 Fibb perfectly lines up with our 0.382 retracement of the entire 5 Wave Structure that were in the correction of right now. So, because there is such a low probability of us only correcting to the 0.236 Fibb, I've assumed that we will have a larger wave 3 in order to help us achieve the retracement to the 0.382 level. My count seems to be lining up just fine, and I haven't changed it, only slightly corrected some of the target zones in the subwaves based on incoming data. However, keep in mind, this count is invalidated if we break above wave 1 around 3340 Satoshis. I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!
Short
by x28Jakke
DJX DowJones Potential Correction on The HorizonI was really curious how DJX might look like this days. So I made this. I hope I'm wrong - so take it with a grain of salt... DJX seems to have completed a Major Elliot Wave Pattern, starting from the 2008 Crisis. It's starting to show signs of a correction. I've put together 3 major scenarios: Starting from best-case scenario to worst-case scenario S1) GREEN ABCDE correction It hold support at ~235 (S3.0) It will form a descending triangle (from which it could hopefully break out). Descending triangle forming between S3.0 - S3.1 - S3.2 This is based on "Fib1" retracement. S2) RED ABC correction - based on Fib1 and MajorFib ( that started in 2008) Break supports at S2.2 ~235 Meets CA1 - Critical Area 1 Bounceback from S2.1 to previous S2.2 Completes cycle at the end of Fib1, and Major Support S2.0 S3) ORANGE WAVE - based on Fib2 and MajorFib (from 2008) Break Support at S3.3 Finds Resistance at S3.4 Goes down to S3.2 /or/ S3.1 - S3.1 More likely to fit ElliotWave rules Find Support at S3.1 Resistance at S3.2 Completes cycle at S3.0 Which is a major Support (it is the end of EW3). That kind of concludes it for me. What do you think? I've started making charts only very recently and I really like it. Feedback is always appreaciated. See related ideas for a "zoomed out" view of this. Also, what do you think this might mean for the global financial market?
DShort
by reynar
ETC Corrective Wave ABC to dance with $16.40 - $17.80 rangeHello all friends! This will be my first TA on ETC/USD. After an incredible weekend drop and then bounce, we are now preparing to dip down again for an ABC corrective wave. Short entered $19.798. Stop loss - $20 (move to risk free trade, as price drops, "trailing stop loss") Take profit 1 - $18.00 - high probability - Risk/Rewarrd ratio: 8.88 Take profit 2 - $16.75 - medium probability - Risk/Rewarrd ratio: 15.05 If you find my TA useful, please remember to FOLLOW and click LIKE!!! We are one big family here :-D I will update as soon as I get new confirmations.
BITFINEX:ETCUSDShort
by CryptoGraffer
Bitcoin minor corrective wave targeting near $7840 - $8150 rangeHi to all my new friends, let's get to it! I know many people on here like to pretend like they are wizards and know everything, but I will just keep it real for you. We go based on the data given to us, and adjust as new data comes in. BITCOIN just went sideways for several hours, not sure what it wanted to do. Based on the current count, I believe we have just finished corrective wave A and B and are now heading to target C in the $7840 - $8150 range. After which, we will resume an impulse wave up, potentially targeting $9600. That is too far away, so we'll keep an eye on that to see how it pans out. A break above $8717 before hitting target C invalidates this count and signals a bull rally. Short entered $8450 avg fill. Stop loss - $8600 Take profit 1 - $8210 - high probability - Risk/Rewarrd ratio: 1.63 Take profit 2 - $7950 - medium probability - Risk/Rewarrd ratio: 3.39 If you find my TA useful, please remember to FOLLOW and click LIKE!!! I will update as soon as I get new confirmations.
BITFINEX:BTCUSDShort
by CryptoGraffer
1
Butterfly Pattern Showing Medium-Term Long on USDJPY S&R level and Fib retracement levels come together to support the idea of a Butterfly pattern forming on the 4hr chart. You can either wait till it hits either of the targets to sell the regression or you can ride the wave up after it breaks the 113.928 price which appears to be quite important here. Setup 1: Entry: Long at 113.969 TP: 115.404 or 116.168 SL: 113.558 This is just a suggestion to the predictably unpredictable market so always take caution when trading.
Long
by Cohiba93
USDJPY - The next two major trade set ups for this pairUSDJPY has recently broken the descending trendline on higher time frames telling me this price is at the beginning of a bullish run. We do however expect there to be a substantial pull back which will allow the more aggressive traders to take a sell position around 103.600 on a re test of the neckline of the head and shoulder reversal formation. The conservative trader may well be inclined to wait for the price to pull back fully to the 102.00 area before buying.
Short
by TradeHuntFx