Elliotwavesanalysis
SPX500: Bull Rally May Hold Towards 4000.Hi Traders,
Price was in the middle of an ending diagonal a couple of sessions ago, until this situation was made invalid by the breakout above 3150.00.
I am therefore looking for a five wave sequence in the higher degree wave 5, and at the moment it seems that price may rally towards 4000.
The plan is simple: keep buying every pullback and hold until price reaches 4000.
Regards
Wave Theorist
EURJPY Bears To Complete Long-term Corrective PatternEURJPY has been trading in a corrective structure since Feb 2018. The corrective structure which is unfolding as a triple zigzag is about to complete the last leg lower.
As you can see on the chart, the decline from wave X high at 127.501 unfolded in a five-wave pattern in wave (a). It then followed by a three-wave bearish corrective structure in wave (b). According to Elliot Wave theory, once a 5-3 wave cycle is completed the trend will resume in the direction of the major impulse which is down in the EURJPY case.
We see an impulsive breakout of wave (b) corrective structure channel and a retest signal further confirming the continuation to the downside.
Verdict
As long as 122.943 "wave (b)" high remains intact, I will be looking to short on lower high till we reach the blue zone on the chart.
What is your view on EURJPY?
AUDUSD Possibilities.... and peesha.See, when i eat PEESHA ! and drink some tea... It means i need more peesha, and more tea. Its just a rule of life.
As you can see on the chart.
We are looking at a possibilities, not yet confirmed. An idea, if you will.
If AUDUSD a.k.a Kangaroo Land.
Reaches the yellow zone (or orange... seriously wtf is that color ?)
We are expecting a very good year for AUD in 2020.
Coz it means we're gonna have a Bullish Run for a shhhhhhiiiiiiiii............ shkebab loads of time.
(aside from corrective move i mean, seriously, if u need to ask this, u need a slap)
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I haven't traded this pair.... yet... coz i wanna see how this wave projection turns out.
But if ! I wanna trade this pair, i need to see either if it fails here, so i can sell,
Or buy if it reaches the yellowish orange zone. (Not gonna buy on the zone tho, i wanna buy at the correction after it reaches there, DO NOT BUY IF U MISS THA IMPULSE ! WHAT ARE YOU !? IN NEED TA LOSE MUNNY ?)
Note on the bottom :
There is no note, i haven't traded this. And this analysis is for the purpose of me, NOT FORGET WHAT I ANALYZE.
(This message is not sponsored by any kinds of pizza or tea....... why tho....)
Elliot Wave formation LONG EOSBTC signals another wave pendingPlease review charting for figures: provided a short/mid/long target for you folks and most importantly: a stop-loss IMHO EOS has been VASTLY undersold; henceforth, I would apply a forexsignal to EOSUSD and even EOSETH another undersold token which is capable of scaling and will do so IMHO.
Disclaimer
Not financial advise.
-@a1mtarabichi
BTC/USD - Great Short Setup!Hello traders,
We are looking at a very small time frame correction which will likely end soon before we go down to complete the bigger 123 flat.
Based on my previous forecast that you can find below in the related ideas section, this is a great short setup in terms of number of successful trades needed vs R:R in order to come out profitable over a bigger sample of trades.
LO - 10,396
TP - 9,908
SL - 10,700
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
PSDO Presidio Inc. 13.67 Looking For LongsHi Guys, PSDO looks interesting
if we can break the trend and get a nice continuation pattern/flag/setup
we can look for retests of the previous high's
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ELLIOT WAVES ANALYSIS!Illustrated before you is the full Elliot Waves Count and analysis on UC
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As we can see, price has been bullish within a channel since last year.
Price has made a hard corrective impulse to test support of trend channel.
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Wait for confirmations during this week before entering LONG
Impulsive Wave (v) could be in preparation!
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Best of luck
Felipe
SPY-CRASH IMMINENT-UPDATEAMEX:SPY is a STRONG SELL.
AMEX:SPY has completed a 5 Wave Cycle and is in the midst of an irregular correction. Irregular Corrections have a phenomenon which Elliot called, "Double Retrace".
Irregular Correction most often manifest after a 5 Wave Cycle with an Extended 5th Wave.
This is an update to my original idea on July 27th, 2018: SPY-SELL-BUY PUTS
Original Idea:
First, I thought that SPY was experiencing a 'normal' correction and we would see a correction around the $280 level in July. But, instead we got an irregular correction. Irregular Corrections can be spotted when Wave B goes above the Terminal of the 5th Wave which SPY has done.
The Correction is now in Wave C and Wave C always is completed by 5 Waves. So far, we have only completed Waves 1 & 2. Wave 3 which is normally the most violent is upon us. This is most likely the last opportunity to either sell out of positions or buy protection.
Cycle Wave:
Wave Degrees:
Fib Time:
Will update.
-AB
Targets: $240 + $210 (Double Retrace)
NZDUSD Elliottwaves pronosticoNZDUSD despues de haber terminado la onda motora, marco el cambio de tendencia con una vela envolvente en 5 del 1-5 de dicha onda de grado mayor. Entonces por consecuencia debera de hacer una correcion del precio en un ABC, en el cual esta viajando de 5 a A en venta. En este lapso de la correcion ABC, espero haga un 5-3-5 y esta en el primer impulso 1-5 en este viaje hacia A. Para despues viajar a B en un zigzag en compra y al final de esta correcion entrar en venta para viajar de B a C en un 1-5 de grado menor a la correcion ABC. Debemos aprovechar cada cambio de tendencia para hacernos de esos pips que nos da este par monetario.