Get started

Expandedflat

BTC / USD - Running Flat or Expanded Flat?Two long-term bull theories, BTC is in a Running Flat correction in an uptrend, or we're seeing an Expanded Flat correction. Running flat looks more likely so long as we hold above our previous low @ roughly 29k, even better if we remain in this channel on the 4H chart. Targets for the bottom are near where we are now Expanded flat becomes possible if we reach lower than the previous low, and targets for a bottom for that would range anywhere between the 1.236 and 1.618 levels on the fib extension shown above, between 11.5k and 25k, with 18.5k as the middle of each. Let's see if either of these become true.
INDEX:BTCUSD
by dudebruhwhoa
1
Market Finally Making a Potential BottomThanks to FED & Jerome Powell for shaking market by its Roots and causing HAVOC in the market recently. IF Stock Market doesn't stop here then we can well be in a RECESSION Territory after Breaking this Lower Low :- Tightening Monetary Policy, Increasing Interest Rates, & Cutting off Asset purchases and clearing their sheet by selling Assets they are holding to increase their cash on hand. They are pulling cash out of the system. All of this is WAY TOO AGRESSIVE approach, that market did not EXPECT from FED , for the MESS FED has created. They just want to clean this MESS as soon as possible on cost of a Recession seems like it. Rest, I have stated all the points in the chart. Also, This is not a financial advice at all. In this idea, i am just sharing my view with the community. Trade safely and watch out for next FED meeting or Jerome Powell interview.
CME_MINI:ES1!
by StunnerStock
4
GOLD wave iv (cyan) an expanding flat pattern. Done! 11/1/22GOLD's wave iv (cyan/light blue) an expanding flat pattern. = 3-3-5 waves possible completed after "Stop Hunting"..Price otw to around 1860.... 1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
FX:XAUUSDLong
by SteveTan
3
Elliott waves Expanding Flat correction in a bull market - BTCCOINBASE:BTCUSD BINANCE:BTCPERP CME:BTC1! We marked a possible bottom, once this low is respected, we can see a new upward movement. So I believe this correction was wave 2 of a larger fractal, so we have the possibility of seeing a big bullish pivot. for a wave 3 and up. In the next study I will leave the targets, for a new high kick as soon as it is possible to observe a reversal pivot. Thank you for following this study, let your like it. I hope to be able to contribute to the reading of my friends and if you have any suggestions leave them below in the comments, we are here to always learn. I'm not the owner of the truth, this is just content based on my rationale. 🔹If you want to talk to me, send an inbox message, or click on the footer of this post! 🔴Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
Long
by leandrosander_
6
Bitcoin Weekly in Expanded Flat CorrectionPreviously I saw what looked like an expanded flat correction on the 4H chart, but it went lower than expected and, if it doesn't correct higher than our ATH and instead turns back down around 60-63k, then I think we should start considering that we'll see a prolonged correction that eventually re-tests our previous weekly support, which has never been re-tested. For the bull now case, Bitcoin doesn't often re-test it's old support levels after an extended clear break above it, but it's still possible that it does do it, this time. If this pattern remains relevant, then we won't see a new ATH until sometime around mid-late 2022, and we could drop down as low as 14.5-20k. Confluence added to this idea via Daily 50 & 200 MAs and Weekly 100 & 200 MAs, which all point to prices potentially stopping at the suggested levels. That said, note that our daily 50/200 recently printed a Golden Cross (yet, it is still possible we that cross back/forth multiple times within the current structure before confirming a direction, especially considering we saw a death cross just prior). I'm still of the mind that we are in a bull market that isn't yet complete and is preparing for a blow off top. This scenario just means that happens much later, and provides more opportunity for accumulation beforehand. The alternative is that we still are in an expanded flat on the lower timeframes, it simply corrected lower than expected, and is about to print a blow off top in the more immediate future, similar to what S&P500 appears to be doing now, and as previously suggested here: And here (where we also corrected lower than expected and have already made it back near previous highs):
COINBASE:BTCUSD
by dudebruhwhoa
9
Bear Porn featuring The Expanded FlatElliot Wave - Expanded Flats - What do you think? I quote the following segment from: elliottwave-forecast.com "Guidelines • A corrective 3 waves move labeled as ABC • Subdivision of waves A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the endng level of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB" Wave B going to 69K got everyone bullish. People over-leveraged expecting the PLAN B model to play out. Many got recked. If this plays out, never believe any of the Crypto Influencers ever again. Target: 20K
COINBASE:BTCUSD
by ILuminosity
3
IAG (International Consolidated Airlines) - Another correction? Hello traders and investors, Today we are looking at the IAG chart (International Consolidated Airlines Group) , one of my favourite charts after the big US cap company. As we know, the airline industry (and hospitality sector) is one the most affected by COVID19 with a low passenger volume. After the first spike of enthusiasm and optimism (around March 2021) we are still in a prolonged correction. This can be either a 1-2 or A-B at primary degree . At this stage, we don't really care which one it will be, If we look at the primary B (purple) this seems to be composed of a triple combination WXYXZ. The first part of this triple three looks like a flag-triangle-zigzag , and we are waiting for the second X. This can be in any shape but as of now it is an expanded flat 3-3-5. In the 4h timeframe , this is a "buy opportunity" followed by a "sell opportunity". If this will be the case, the Z completion of the primary B will be the "buy the dip - HODL position".
LSE:IAGLong
by Dry-Storm
13
Bitcoin, 18 Nov. Trading the Expanded Flat TheoryAs BTC continues to decline, it becomes possible to interpret the current structure as an expanding flat. With this scenario in mind, we can derive 3 trading ideas. Elliott: The expanding flat becomes likely when BTC prints a lower pivot point, ideally below 58k. We can then assume that wave (c) in blue is complete, with five sub-waves (in green). Possible targets are at the .618 and 1 fib extension of wave I (green price labels = buy ideas). Geometry: Price continues to respond to both pitchforks. We can look for supports along the larger pitchfork. The top of the blue box is the .382 retracement, the typical level for a wave 4 correction. Entry ideas: 57780: The .75 fib of the larger pitchfork and the .618 fib of wave i. 55380: The lower band of the large pitchfork and the .5 Fib of the smaller one. Also the 1 Fib extension of wave i (in green). 52200: The 1.618 fib extension of wave i and the lower band of the small pitchfork. A move above 62k would indicate that the correction is complete, and we may add to long exposure. The idea is to carefully scale in as wave (c) unfolds to the downside. The intention is to trade the next wave up, in case the count is correct. (Pitchforks are based on the bar chart h/l points.)
INDEX:BTCUSD
by UnknownUnicorn12250317
The November Bulls Forgot Wave CSeptember was a perfect wave A down while October was wave B up. I projected the original top for Friday but we were still shy of 460. Today's open got us there. Wave B quickly retraced 100% of wave A without its internal 5 wave pattern so I set the next stop around 460.58 which was the Fib 123.6% extension. Additional wave analysis of wave C's internal 5 wave structure revealed two potential end points for wave 5. The first top would have been around 458.49 which would have been 100% of internal wave 3, the second is 114.6% of wave 3's movement at 460.71, with the third probable top at 123.6% at 462.08. Today we saw a top at 460.70, which was 1 cent shy of one projected top and 12 cents higher than the first projection based on the main wave A's movement. ***IF THIS HOLDS*** we likely witnessed a correction wave described as an irregular/expanded flat. These typically have the final wave C move 123.6% to 161.8% of wave A's movement. This puts the conservative bottom (123.6%) at 419.83 with a potential bottom as deep as 409.25. While this would not quite be a 10% drop, this will certainly catch all the bulls off guard. I think November will be red and maybe into or through December as well. I have typically found the length of wave C to be nearly that of A, but it is likely to fluctuate as it moves on. The current projection has us red into the first week in December but time will tell. CAUSES: Fed red? Inaction in Congress? Does Congress pass tax regulations forcing investors to pull out gains this year at a cheaper tax rate before major hikes next tax year? I ultimately have the markets rebounding after this December bottom. However, the next drop around September-October 2022 will be very deep (not catastrophic yet--maybe the year 2029).
AMEX:SPYShort
by StockSignaler
5
TOPGLOV may break 9.765 if with expanding flat pattern. 18/9/21TOPGLOV price could break all time high at RM9.765 as there is a based on "just 3 of the possibilities" : 1) Price of KLCI could break all time toward around 2000. TOPGLOV As a main "contributor" of KLCI index could break all time high as well. 2) Current TopGlov Price Cycle Analysis showing it's start moving up till 1st quarter of next year 3) TOPGLOV current wave structure have high probability to form an ABC (Red Circled) "Expanding Flat Pattern" .. which happened most of the time in wave b (Green)
MYX:TOPGLOV
by SteveTan