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Extendedthird

Ethereum ETHUSDT Bullish Move Elliot Waves Principle 4H TFGood Day Viewers! SIGNIFICANCE: We already have witnessed bullish moves of ETHUSDT since few months as a leading altcoin of Majors. Ethereum 2.0 has mad it a demanding security affecting it Fundamentally and Technically. ELLIOT WAVE PRINCIPLE: We can notice a typical extended third wave completion followed by a pennant in corrective wave i.e wave 4 and hence can conclude a 5th wave also exists. Possibility of Breakout from the triangle may lead the formation of 5th wave of 1 Cycle of larger degree. On the scale of lesser degree we have witnessed complete cycle of 5 waves making Wave 1 of larger degree leaving us with the formation of 3rd wave (also extended) of larger degree may exist too. ENTRY: The possible entry is at the confirmation of the S/R Flip of the symmetrical Triangle providing we hold the 50MA & 20EMA and make higher high and higher low. POTENTIAL TARGETS: Elliot wave Principle tells us one of the wave is extended (mostly 3rd which is the case), and which leaves us to believe 5th wave to extent of length same as 1st wave. $460-480 is the level range agreeing to the Elliot Wave Principle as well as Fib-Levels & from previous S/R. Support: If you agree to my idea and want to reach to all the ideas i publish get SUBBED to our community You_And_I. If you have any question feel free to ask me in comment in the section below. Have a Great Day. GOODLUCK!
Long
by You_and_I
4
VETUSDT LONG ELLIOT WAVE PRINCIPLE. Dont miss this 50% profit. Good day Viewers. SIGNIFICANCE : Due to equities market movements all markets have faced a corrective move, however now liquidity is vanishing away from Bitcoin & as we have already seen big surges from LINK, ATOM and other alt-coins today. Possibility of same movements from other bullish altcoins is likely to occur, in which VET is one of them which we are going to discuss. ELLIOTS WAVE PRINCIPLE : VETUSDT(Vechain) has layed its complete one set of 5 waves, after which we have seen retracement for the case of Corrective wave. On the smaller degree we have seen a typical extended 3rd wave with larger length comparative to other impulse waves. This behavior is obvious for next larger degree 3rd wave which we can assume through Fib-Levels to touch marked on the Chart already. After that we can perform some correction to about 2nd Fib-extension Level & continue therefore. If you liked my Analysis get subbed and join the You_And_ Community. Cheers.
Long
by You_and_I
6
Double failure swing high?Thinking in alternatives. I suppose there will be a double failure swing high, a 1-2 1-2 in wave 3, which means a sizable downward pressure towards 2500 as the blue waves represent. But there is another alternation. If the falling red channel breaks upward, then there is one more rising wave. This is illustrated by the purple waves. We will see which one is in the pocket. If you have your own opinion or thoughts about the current market situation, feel free to write it in comment below and please support me with your like.
FX:SPX500Short
by MoodandMarkets
1
SPY finishing Wave 3 at $365 then correcting to $250 for wave 4?Looking at the SPY, I have tried to identify wave patterns. My current view is that we are finishing up wave 3 near the 2.618% extension of wave 1 at around ~$365 Wave 3 looks to be extended with 5 sub divided waves which also contains an extended sub third wave. Wave 4 corrective target is set to $250 at the 23.6% retracement of wave 3. This would have the wave 4 end within the span of the previous 4th wave of one lesser degree. Using the Fibonacci extension tool to try and find a wave 5 target of the extended third wave I find that taking the extension tool from start of wave 1 to end of wave 3 and pulled to end of wave 4 gives the 61.8% extnesion target at ~$372 start of wave 1 to end of wave 1 and pulled to end of wave 4 gives a 2.618% extension of wave 1 for wave 5 at tartget ~$368
AMEX:SPY
by KondrackiKarl
1