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Impulsive

Elliott Wave View: Tesla (TSLA) Impulsive RallyShort Term Elliott Wave View suggests rally in Tesla (Ticker: TSLA) from April 3 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 3 low, wave 1 ended at 547.97. Wave 2 pullback ended at 468.39 low. The stock has resumed higher in wave 3 which subdivides into another 5 waves Up from 468.39, wave (i) ended at 513.17 and wave (ii) pullback ended at 497.96. Stock then resumed higher in wave (iii) which ended at 565 and wave (iv) pullback ended at 546.21. The last leg wave (v) ended at 566 which ended wave ((i)) in higher degree. From there, pullback in wave ((ii)) ended at 532.91 and the stock resumed higher again in wave ((iii)) as a 5 waves.. Up from 532.91, wave (i) ended at 597, and wave (ii) pullback ended at 576.21. Wave (iii) rally ended at 703.8, wave (iv) ended at 687, and wave (v) of ((iii)) ended at 741.88. Stock then pullback in wave ((iv)) towards 702.77 and resumes higher again afterwards. Near term, while dips stay above 532.91, expect the stock to extend higher in wave ((v)) before ending wave 3. It should then pullback in wave 4 then extend higher again in wave 5. As far as pivot at 532.91 stays intact, expect the stock to extend higher and dips to find support in 3, 7, or 11 swing.
NASDAQ:TSLALong
by Elliottwave-Forecast
Elliott Wave View: Tesla Resumes HigherShort-term Elliott Wave view in Tesla (TSLA) suggests that pullback to 327.1 on Nov 27 low ended wave (4). From there, the stock is rallying within wave (5) as a 5 waves Elliott wave impulsive structure looking for more highs. Up from 327.1, wave ((i)) ended at 338.62 as a leading diagonal structure. Wave ((ii) pullback ended at 327.31 as a zigzag structure. The stock has resumed higher and wave ((iii)) is in progress with internal subdivision as another 5 waves in a lesser degree. Up from wave ((ii)) low at 327.31, wave (i) ended at 338.86, and wave (ii) pullback ended at 335.08. The stock then extended higher in wave (iii) towards 357.19 and wave (iv) pullback ended at 352.15. Expect the stock to extend two more highs before ending wave ((v)) of 1. Afterwards, it should pullback in wave 2 to correct cycle from November 27, 2019 low before the rally resumes. We don’t like selling the proposed pullback. As far as pivot at 327.31 low stays intact, expect dips to find support in 3, 7, or 11 swing for a few more highs.
NASDAQ:TSLALong
by Elliottwave-Forecast
Elliott Wave View: Copper Rallying as an ImpulseShort-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, wave (x) of ((ii)) ended at 2.679, and wave (y) of ((ii)) ended at 2.619. The metal has resumed higher in a powerful wave ((iii)) with more than 161.8% extension of wave ((i)). Up from 2.619, wave (i) of ((iii)) ended at 2.676, wave (ii) of ((iii)) ended at 2.676 and wave (iii) of ((iii)) is proposed complete at 2.77. Expect the metal to continue to extend higher to end wave ((iii)) as 5 waves up from 2.619 low. Afterwards, it should correct the cycle from December 4, 2019 low (2.619) before the rally resumes again. We don’t like selling Copper. We expect dips to continue to find support in the sequence of 3, 7, or 11 swing for further upside. This view is valid as far as pivot at 2.619 low stays intact.
COMEX:HG1!Long
by Elliottwave-Forecast
Elliott Wave View: GBPUSD Should Remain SupportedShort term Elliott Wave view on GBPUSD suggests the rally from November 9, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, wave 2 of the impulsive structure ended at 1.282. Wave 3 higher remains in progress and subdivides as an impulse in lesser degree. Up from 1.282, wave ((i)) ended at 1.2951 as 5 waves impulse. Pullback in wave ((ii)) ended at 1.2878 as a zigzag. Pair then resumed higher in wave ((iii)) towards 1.3121 as a 5 waves. There is a separation within wave ((iii)) confirming it is the strongest wave. Pullback in wave ((iv)) is proposed complete at 1.3085. Expect pair to extend higher 1 more leg in wave ((v)) and this should also end wave 3 in larger degree. Afterwards, pair should pullback in wave 4 to correct cycle from November 23 low before the rally resumes. As the right side stamp is green and higher, our bias is to the upside and we don’t like selling the pair. As far as pivot at 1.282 low stays intact, we expect pullback to find support in 3, 7, or 11 swing for further upside.
Long
by Elliottwave-Forecast
1
BTC Overall, Three Ideas, All Can WorkHi guys, I've put together three ideas for BTC on the larger TF now that I have been made aware of the BLX historical BTC data and can get a count that makes sense. In fact, I can get three counts that make sense... all with relatively the same outcomes until the end, where they will drastically differ. First idea, BTC as a regular impulsive series for all of the upmoves - the last bullrun was Wave-5 of Wave-1 and we are currently on Wave-B of B of 2. Second Idea, similar to the first idea, however, the bullrun seemed... quite different from the initial waves on BTC, and so I wonder if it was actually a bullish B wave in a running flat type of situation. We currently would be also in Wave-B of B of 2 in that situation, Wave-C would likely be more bearish than the first. Wave-1 would have been an extended Wave-1, leading to decreasing size of Waves-3 and Wave-5. Final idea, BTC as a bearish diametric. We currently are probably in Wave-E for that one, with significant down moves if this is the case (hoping it isn't, it will be a long time before we get another bullrun if that is the case and we will cut MUCH lower most likely. My favourites would definitely be the impulsive series charts, but only time will tell I guess on where we are heading. Targets super inaccurate and just meant for illustration purposes. Let me know what you guys think and if you have any reasoning to suggest one is correct over the others, I haven't rigorously checked monowave counts/sizes/times, etc, so there might actually be one that reigns supreme over the others, these are just the three ideas that overall stand out to me as the most likely. It's looking like December of 2023 will be a brutal time for BTC and we can expect the beginning of the real correction (Wave-C of C (idea 1) or Wave-C (idea 2) or Wave-F (idea 3)) around that time.
BNC:BLX
by Korastiz
3
BTC, Two PossibilitiesHi everyone, I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing. This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow suit with 3 and then D and E will follow). This is a very tricky count to make, because BTC is showing some signs of zigzags in this run up, but it also appears that it may be impulsive due to its strong similarity with Wave-1 impulse wave at the beginning of BTCs life. If we are seeing a triple three, the correction for BTC is not over and there will be much more downside. If it IS complete, it appears that we may currently be in an extended Wave-3 and have significantly more upside before we correct for Wave-2. Let's hope it's the second case, and I would love to see some insanely high price on BTC like $1 million. This is the textbook sketch of a triple 3 correction, where the triangle actually acts as a reversal at the end of it, vs and continuation pattern on an impulsive. gyazo.com Triple Three Diagram borrowed from Glenn Neely's book "Mastering Elliott Waves" - it's a fantastic, extremely technical book that I highly recommend. Easily the best book on the subject and I can't imagine how much time Mr. Neely put into putting it together. Good luck guys, around August 1st we should have some indication as to whether BTC will be continuing or if it needs more correction.
BITMEX:BTCUSD.P
by Korastiz
BTT Update : Where To Go NextSince we have been asked by many of our followers to give yet another update on BTT here is what the charts are saying. #BTT_Update It seems BTT is still in favor of the bulls and didn't confirm a start of downward trend or correction. Notes - EMA still below the price which indicates that we are still in an uptrend. - Trend channel still in progress and didn't confirm that it starts a downward move since we are still in the blue trend channel as shown in the chart. - MACD still didn't confirm a downward move but might give us a clue in short period of time. - RSI is actually in an average area and is actually in the bears favor according to its direction. Possible scenario's for now are we might see a correction between the level of 14 sats and 15 sats or we might see another leg up on a reversal move. To confirm we still need some time and see what the indicators will give as though.
B
by cryptotalk_et
Bitcoin approaching strong resistanceBitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside. I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h. Failure of climbing higher than 4190$ and closing above would cause rapid fall in similar fashion we've seen not long ago. Be cautious traders, analyse and make decision yourself ALWAYS! Have a great weekend!
BITSTAMP:BTCUSDShort
by Patrikas10