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Elliotwavesharmonics

Watch out money to be made!!!Hi Folks, Sandbox/ USDT I learned so much because this pair in the crypto lately.. 4 hour chart. What do you think about the Elliot wave theory.. What I see is the 5-3 pattern. I see 5 impulse moves up and then 3 corrective down. And in this 3 corrective moves I see the 3-3-5 subdivision moves. The question is will this be a Regular flat correction or an expanded flats (will be when we break support $0.57500.-) than the end of the corrective move Wave C must stop at $0.52/$0.525.- Why I think it may be a regular flat correction is because we see the support line at $0.57500.- is an important and strong one. We have tried to break it once and the bulls immediately reacted with an almost bullish engulfing pattern. The 2nd one we tried to break it but the bulls reacted immediately with a confirmed bullish engulfing pattern. That gives me confidence in this support line. Excuse me for the little blurriness in the chart but this must be this way to explain somethings.. The blue line in the correction is the main correction line and from Wave B downwards (red line) is the 5 move of wave C. I expect support to hold so wave C will end around $0.57.- and we can start climbing up again.. if it doesn't hold we will move downwards around $0.52.- and it will end there.. Have your eyes open for some nice trading opportunities in Sandbox/USDT. Come back when Wave C has ended to talk about the entry .....
by MoneyMakingMuro
1
GBPJPY Set to Complete an Elliot Wave Zigzag PatternGBPJPY's chart above shows the corrective move that started from wave (v) high. The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag. Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b). To complete the zigzag pattern a five-wave impulse in wave (c) is needed and that looks to have started now. The break of the blue line is a good level to take a short entry.
Short
by Veejahbee
GBPJPY POUND-YEN DAILYBearish bat on GJ is still valid. The support zone was created by a huge gap at Britains exit polls hours before the actual results were announced. The actual came out better. Unless by some miracle there is no empirical evidence on the fundamentals that gives a bullish Pound-Yen beyond this point. Elliot wave analysis is consistent with this view. The 1 leg is strongly corrected by two and by the principle of alternation leg four is a typical sideways movement. leg 3 is the biggest and leg 5 gives the last trapping where we see a good mixture of fundamentals and technicals working together. Check out my UK100 analysis.
Short
by harveygoldfx
GBPUSD The Fall to the AbyssNOT SO FAST MY DEAREST TEA DRINKER ! As you can see, my magical arrow that is so not magical, is magically pointing up to the upside (We call this a retracement btw, or something.....) I don't expect the price to go too high... BUT A POSSIBILITIES NONETHELESS ! . . . . . . Now, since we already established that GBPUSD gonna fall. We need to know where its gonna fall and the possibilities beyond that. As you can see in the chart, my approximate target would be around the area the Magical Downward Arrow is pointing at. I've already Short this pair since my Magical Sell Zone. Keep in mind, this pair has the potential to fall BEYOND my Magical Arrow, becoz sometimes.... Magic Arrow is imperfect..... I suggest if u wanna short this, wait for the completion of the Magical Upside.... . . . . And of course... Start your day with a glass of tea.... And 4 box of peesha....
Short
by Arthyus
Oil Corrective Structure Wave Analysis Buy/SellIf you look at my analysis from November 25th which is linked below you can see that I forecasted a big sell off in Oil. The sell off I was anticipating have began, now I am looking for the trend to continue to the downside. Before that happen I will not be surprised to see a bigger corrective structure to form which may retest resistance around 57.19. It may not get that high but I am looking for another push up to set up another potential sell off. Also watch the trend line to act as support.
FX_IDC:USDWTIShort
by JjohnsonBeGreat