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Impulse

SOLANA Looking for bullish continuation price action Hi everyone: Also eyeing SOL for bullish price action to continue. We can see price has already made a strong impulse move to the upside, and formed a continuation correction. Price then has a clear impulse up on the lower time frame, good sign of bullish continuation development. Now that the price is forming into a lower time frame continuation correction, be on the look out for price to complete this continuation correction, and look for buy entry to the all time highs. If price can manage to continue after breaking all time highs, then further upside is certainly expected, as long as bullish continuation price actions are form and complete. Thank you
FTX:SOLUSDLong
by jojofang0901
42
BITCOIN - Price prediction according to Elliott Wave TheoryHope you all are having a green PNL from this market. We are seeing a massive bull move to the upside after the correction happened in September. While seeing the recent impulse, correction and the next impulse, the price looks like it's moving according to Elliot wave theory. Basic Principle of Elliott Wave Theory. Simply put, movement in the direction of the trend is unfolding in 5 waves (called motive wave or impulse) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labelled as 1, 2, 3, 4, and 5. There is also a three wave correction wave, as of now it is not drawn in the chart. These patterns can be seen in long term as well as short-term charts. Ideally, smaller patterns can be identified within bigger patterns. Currently, looking into the daily chart, we can see a motive wave to the upside first, which was from 29k to 52k, this is the first wave, and we can call it as wave 1. And it was followed by a correction wave, which was 50% of the first wave. According to Elliot Wave theory, wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1. So this can be considered as a successful correction. And after the correction wave 2 we are now seeing the third impulse. If the price is playing out according to the theory, the third impulse wave is supposed to be 161.8% of wave 1, which comes around at 77500. The third impulse is usually followed by a correction wave, we can call it as wave 4, and wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3. This can cause a pull back of price to around 62500. After the fourth correction wave, there will be one more impulse to the upside, which is the final one. And this wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3. Which is around 85000. And after the fifth impulse to the upside, price will form a 3 wave correction. The first impulse and correction satisfies the theory, this does not mean that we will be seeing price following exactly in this path. All these are just probabilities. Market usually follows these wave patterns and I just tried figuring out what will happen if it is going to follow the same this time around. As you all know technical analysis won't be always completely true, and the price is never 100% predictable, if it was that simple, most of the traders wouldn't be losing money on financial markets. So take your own time to analyze and plan your trades before entering. Thank you, and have a great trading day ahead.
by Jeggs_
2
CARDANO Watch for bullish price action to buy Hi everyone: Looking at ADA's current price action for another impulse phase to push the price higher. We can see from the previous impulse phase that broke the all high, is follow by a consolidation correction. This is what we generally want to see if price will continue the previous bull run. Latest development shows signs of a bullish correction on the LTF. Watch this correction to complete and look for the buy entry to the top. Thank you
BINANCE:ADAUSDLong
by jojofang0901
40
USD Weakness ? Detail Price Action Analysis Breakdown Hello everyone: Many have asked me to do another in depth breakdown on the USD pairs. Personally my bias and view is more weakness to come on them. So I will break down all the potential USD pairs that are developing nicely for some opportunities. Currently in EURUSD Long and watching out for other pairs as well. DXY Original Analysis and Forecast: EURUSD Original Analysis and Forecast: AUDUSD Original Analysis and Forecast: USDCHF Original Analysis and Forecast: USDCAD Original Analysis and Forecast: USDSGD Original Analysis and Forecast: GBPUSD NZDUSD USDMXN Any questions, comments, or feedback welcome to let me know :) thank you JoJo
by jojofang0901
28
Elliott Wave Analysis: EURNZD Remains BearishHello traders! Today we will talk about EURNZD currency pair in which we see nice and clean bearish impulse in progress with room for more downside pressure, while it's trading within channel range. As you can see, we are tracking a higher degree wave (3) that can push the price much lower, especially if we consider an extended wave 5 of (3) with room down to lower channel support line and 1.58 - 1.55 area. So, be aware of more weakness this year, just watch out for a short-term pullback in subwave "iv". Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
Weekly Trading Recap: EURUSD, SILVER, GBPNZD, SOLANA Oct.17 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. EURUSD: First Entry: Closed down for -1% loss Second Entry: Running about +0.7% profit Third Entry: Running about -0.3% loss Full analysis/forecast: SILVER: Running about +1.3% profit Full analysis/forecast: GBPNZD: 3 Entries closed down for -1.5% loss Full analysis/forecast: SOLANA: Closed down for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:XAGUSD
by jojofang0901
28
EURAUD Reversal Head and Shoulder Price Action, watch for sell Hello traders: EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern. We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows. Then we see price correctively move up in an ascending channel, good sign of a continuation bearish price action. Latest development here is price is still within the correction, so best to wait for confirmation impulse out from the structure, a nd lower time frame bearish continuation correction to get in on the sell. Thank you
Short
by jojofang0901
27
Elliott Wave Analysis: CADJPY Remains Bullish - UpdateHello traders and investors! In this article we want to update our previous CADJPY chart, where we mentioned and highlighted a completed W-X-Y correction and bullish reversal. As you can see, CADJPY is trading nicely and impulsively bullish as expected long time ago and the main reason is also a rally on Crude oil. We see room for more gains within an extended wave »v« of 3 which can push the price even up to 92-93 area or higher, just watch out for a pullback in subwave (iv) of »v« or higher degree wave 4, as we see it approaching June highs. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
1
Weekly Trading Recap: SILVER, SOLANA, GBPNZD, AUDNZD Oct 9 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. GBPNZD - Running about BE Full analysis/forecast: SOLANA - Running about -0.25% Full analysis/forecast: SILVER - Running about BE Full analysis/forecast: AUDNZD - Initial Entry: Closed for +0.90% profit Scale in Entry: Closed for -1.03% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
30