EW
SOL Elliot Wave Count SOL seems to be in subwave 5 of wave 3 now. aiming for it to end around slightly above 60 $, before it corrects at wave 4. seems to have also finished the second wave inside the subwave 5. so could be a good spot for longing here up to the end of wave 5... Unless BTC dumps more here off course. to see the smaller subwaves,zoom in on a lower timeframe..
[EW] AUDUSD likely impulse fifth.Hi everyone,
This minuette degree fifth wave is on track to make a strong impulse to complete the first leg of this new minor fifth starting on April Fools day lol.
1.618 of wave 1 targets 0.78769 for wave 3 end.
0.618 of wave 3 projection targets 0.78285 for wave 4.
1:1 projection of wave 1 from wave 4 projection targets 0.79068 for wave 5 end.
Could turn out to be ending diagonal , but current pace is strong.
NFA , DYOR.
BTT possible bounceBTT swing opportunity. It seems that the BTT Correction as drawn an ABC. while the C seems to have finished at the 0.618 level a bounce could be anticipated here. Be careful as any BTC dip (which is highly likely) will ruin this current setup.
[EW] ASX:FMG correction nearing completionHi everyone
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin the minute fifth.
We will see very shortly!
NFA, DYOR
[EW] ASX:BAP targets 1.74 short-termUpcoming downleg will complete wave (v) of to finish off a correction. Even if it combos there is upside regardless if you catch the end of this correction correctly.
Buy region is ~6.17 - ~6.84, but watch for clear rejection of 6.36 (0.618 of previous impulse). Also note the deep retracement of this (iv), may result in truncated (v). Count internal waves on (v).
NFA DYOR
ADA not quite done its correction yet. ADA not quite done its correction yet. Short term relief in the form of Wave B of C. The coin is still holding its trendline since early February, only wicking through a few times. When ADA finally fails to hold this trendline, we could see a deeper correction. HODLers shouldn't worry !
[EW] XAUUSD (GOLD) correction incomplete.The correction beginning the August 7th 2020 high is nearly complete. I believe it was a running flat, and the final downwards impulse is in wave iv, awaiting a final wave (v).
The target for wave iv is approximately 1775 (61.8% of wave iii), where it should terminate and then the next target is 1617 for wave (v), which is 61.8% of the previous run.
Plenty of other Elliott Wave practitioners have the current downtrend labelled as a high degree wave 4, which means after the movements described we'll be in a high degree bullrun! Hopefully wave 5 lasts a while.
NFA, DYOR
May 2021 Copper - Corrective PatternUpdated: Corrective Pattern.
1. Fundamental Analysis
- Lack of news comes from China, which represents physical demand.
- Waiting for news from non-china (i.e USA: readings from initial claims, unemployment rate...), which show the extent each country are recovering after pandemic.
2. Technical Analysis
- Daily: Copper remains corrective pattern in daily timeframe . And it moves as Wave A-B-C as paragraph.
- In H1: I predict that Wave B are forming, and it can reach to 4.24 - 4.30.
Keep in mind that: 4.24 is resistance zone .
[EW] LINK targets 46 short/mid-termLINK is on track to finish this minute third wave at ~46 (2.618 of minute 1st projected from minute 2nd.) This puts minute fifth at most likely lowest 46 up to ~60 before a minor degree retrace "4".
Biggest threat is deep retracements when BTC dumps?
Note; wave label placements are not placed with time in consideration.
Not financial advice, DYOR.
[EW] ASX:Z1P Wave 2 completion off of stupid comboSo the sideways action that Z1P was stuck in from June to December after that gap up does seem to be a valid combo wave.
Based on the price action since I'd say it's most likely ended.
Projecting a fib ratio of wave (1) from (2) and taking the 1.618 ratio gives us a price target of $14.70.
Not financial advice, DYOR.
Bitcoin - I'd say.... Sell the news! The Tesla acquirement of Bitcoin was in january... why be bullish when it's not the rumor?
Sell the news!!
#BTC #Bitcoin
I see a wave 5-3-3 with a 1.5 bill Tesla buy rumor hanging in the air.
But the rumor is NEWS The acquirement was in January, so sell the news I'd say.
Weekly 21 ma lacking behind at around 26.000$
I see a correction around the corner.
The rest is on the chart.... ask if any questions!
Possible wave 4 into wave 1... the whole nine yards.
My sentiment: Neutral to bearish.... building a short position
Happy trading!!!