XAUUSD wave (C) ended - motive wave down unfoldingwave (C) ended -
wave (i) ledaing triangle
wave (ii) flat - target area 1783/1789
Flat
ZOM: Top or 1st motive wave cycle?Been hodling ZOM since Jan. I'm looking at the price action as a potential large degree flat to continue up. We might be stuck in limbo for the next month or so. If I see some bullish action around $1.33 - 61.8% retrace, I will be looking to add to the position. This might be considered a "hype" or "meme" stock, but I think they might be on the verge of something incredible for the vet sector.
What do you all think off ZOM? Something here, or damned to $0?
NZDUSD Potential Long To 0.7200we are on the corrective wave , we expect a break of the channel and head to 0.7200 as medium target , we will buy the pullback as we miss the entry
Flat correction about to end, up leg going to startHello traders,
Technical analysis:
--- Previous waves up were 83% UP and then 137% UP, thus the conservative wave is expected to be 80%.
--- Before previous up moves, RSI touched 30, and when the RSI crossed over 50, then the move began. We are now in the same situation. (Waited for it long...)
--- Pay attention that in Feb 2020, the correction was a deep and sharp correction, and according to Elliott wave theory, if you get the first correction, the second should be a flat correction. Here you can clearly see that we had a flat correction of about 7 months (Sep 2020 - Mar 2021). Thus it is expected to at least have a fifth wave to 200. Notice that the breaking point out of the correction will be 150, which is a very beautiful psychological number.
--- Elliott wave extra analysis: there is a possibility that we are now on a 3rd wave, and the flat correction, is the first correction in that wave, if it is true, we will exceed 200.
--- Options implied volatility is 29% at current market conditions (Market moved sideways for 7 months) when the market will start pushing it will go up, and the market prediction about the price range will be higher due to higher implied volatility. Currently you can see that a price of 150 is probable, and price of 170 has 20% chance of being touched. If we take the knowledge that the trend is up it is probably more than 20%... (20% probability is given because the market thinks the flat condition will remain... for 190 days, I think that this is less probable)
As always, be diversified.
Side note: needed to buy a wrist band for my apple watch, they charge 49$ for a rubber band, and 99$ for stainless steel... the market wants what the market wants... so we join the trend :)
Flat CorrectionHello guys
In this tutorial I'm going to teach you what flat correction is.
Flat correction is a three sub-waves pattern that form 3-3-5.
Wave A and B are corrective wave but wave C is a motive wave.
It's called flat correction because it is sideways.
Follow me for more tutorials.
Cheers :)
Buy Bitcoin; Just Not Right Now! Let The Bears Eat.Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction.
Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is near or slightly under $40K.
With Primary Wave 2 being a sharp correction, Wave 4 will be what's called a 'sideways' type of move. As in, the correction takes plenty of time and does not make sudden, descending moves; not at all once anyway.
A flat correction consists of a 3-3-5 wave sequence. We're likely in the first 3 wave sequence with (A) being a running flat. Should B wave not break the highest point of Wave A, we can fully expect more correction down to the C Wave target range, near or directly below $40K.
Stay woke :)
BTC: Flat in the making?So far looks like a flat. Either in progress of the C wave or will bounce for the B wave. Let's see
Bitcoin Dominance BTC.D - Head and Shoulders, Channel + Update!- Great news for altcoins - on the chart we can see a Head and Shoulders reversal pattern.
- Check my related Idea about BTC.D below and see my related Elliott Wave count!
- The price is currently moving in the descending red channel, that can provide us great entry / exit points.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- September 2020 swing low should be tested in the near short term.
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XAUUSD The bears still in power ?Gold recently retraced for what looks like possible impulse movement
but just, but it seems the bears are still in power
so this a possible movement withiin the day
BITCOIN - One last chance to get in?Bitcoin could be in a ABC correction for another move higher. Completion of C could be the last chance to get in at a good price before bitcoin moons!
Goodluck and trade safe.
DOGEy Style: An analysis on the puppersThere's a handful of more deserving protocols that should have the hype the DOGEy has gotten. This is my view, we're very likely to get another impulse up.... in due time. or i'm totally wrong and it goes straight to the moon without another impulse down. Thanks for checking it out! Drop me a comment or 2 if you think I'm crazy or if I'm on to something!!
XAUUSD 1H (triangle)movement due to the triangle
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support dotted line (1840) will appear the direction up or down
usdjpy flat abc correction after bullish movement price is making flag abc correction . Buy trade will valid if candle closes above horizontal support .
flat correction breakout will make new higher high
Seeing Machines bottom set at 4.1p - continue to buyCorrection now stretched to the lowest possible in an extended flat and is now confirmed as complete.
Fundamentals are great and placing at 4.1p with US II`s arranged the quickest possible and best way to set our absolute bottom at 4.1p. The Upside looks now inevitable with plenty of news expected in the short term.
Also still in my longs on my trading acc from my previous buy trigger, the previous SL was not triggered leaving the correction to run up to the 61% fib. Added from here, this is strong buy for me.
UPDATE: XAGUSD SILVER 3-3-5 FLAT CORRECTIVE STRUCTURE (4H)Just an update to my previous post from Sept 14 regarding XAGUSD Silver. Movements since then seem to continue to confirm to me that we are indeed in a 3-3-5 Flat correction for upside on the larger time frame. I have zoomed in here on Wave C of this Flat, which needs to play out as 5 waves to complete the Flat correction. Right now, within this Wave C, I believe we are in Wave 4 of the 5 waves, which is playing out as a 5 wave Triangle correction. I see a small uptick to around $25 before getting the final leg down to around $21 to complete the larger time frame Flat correction. At that point I want to be positioned in Buy to ride the prevailing trend up.
Flat correctionUsdCad Blue wave (A) is complete. We don’t know where blue wave (C) will end.
Canadian Dollar.
AUDUSD: FLAT CORRECTION SPOTTED IN AN ELLIOT DOUBLE COMBO. please review the chart for details.
Zigzag been spotted in the wave A and wave B of the Flat correction , i hope for another zigzag move in wave C.
please kindly carefully review the analysis for better understanding.
please kindly follow, like and comment if you find it useful, or if you support the Idea .
Gold has a good chanceAlthough the falling channel has not broken yet. I expect to see finding the bottom in the green support zone and then the coming break out upward.
Gold must not go below 1670!
Waiting for bottoming and after an upward pressure
