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Leading Diagonal

EW ANALYSIS: EURCAD Can See A Bigger Corrective RecoveryHello traders! Today we will talk about an interesting pattern on EURCAD. Looking at the daily chart, we have seen sharp and impulsive decline in 2018, which looks like a leading diagonal in wave 1, so it's the first leg away from top that can be a signal of a bearish reversal! The most important thing for us is that we have seen only a three-wave a-b-c corrective rally in wave 2 at the end of 2018, from where we have seen another sharp and impulsive decline, right from the right shoulder of the potential Head&Shoulders pattern that can be clearly seen in the 4-hour chart and it can be indicating a bearish continuation. For now, that neckline of H&S pattern acting as a strong support, but once we see a break out below that neckline, then this would be a confirmation for a bearish continuation! So, looking at the 4-hour chart, after that five-wave drop we have to remain bearish, but before a bearish continuation, we may see another three-wave (a)-(b)-(c) corrective recovery of a lower degree, where wave (b) seems to be a bullish triangle pattern. That being said, watch out for another rally for wave (c) once a triangle in wave (b) fully unfolds, ideally into 50%-61,8% Fibonacci retracement and 1.5300 resistance area, where bears may show up again! Of course, there can be even something more complex, but as long as it's trading beneath 1.5640 invalidation level, we will remain bearish! Trade well! 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.
by ew-forecast
Gold Wave Analysis Multiple Trading OpportunitiesGold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back up towards the resistance of the B wave to form a Flat pattern then push lower. After price reach the blue box I am looking for a very strong Impulse wave to finish the Bullish trend
FX_IDC:XAUUSD
by JjohnsonBeGreat
A Beautiful BITCOIN Chart - WIll D4 Be Right This Time??Dear Friends And Followers! D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading! Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact. We are most likely on the 4th Elliott Wave Retracement and are in the process of an ABC-correction. A-Wave: Leading Diagonal (33333) B-Wave: Zig-Zag Structure. C-Wave: Always consist of 5 Waves (as you can see if we look at it from a classical charting point of view, we should soon go up according to the descending wedge we are in) This whole ABC-structure is a Zig-Zag (535) Structure. According to Elliott Wave Theory and Fibonacci Ratio Relationship we have some rules, which match my prediction so far: - The B Wave is 85.4% of wave A, which is allowed. How Do We Find The Target: - The C-Wave has to be at least 61.8% of wave A, which should shoot us up in 4,235 USD, which once again also match price resistance and looking at the Volume Profile. I promise to update you shortly if/when we have confirmation on a 1st sub wave on C! I hope you liked the content - please leave a LIKE! -D4 <3
BITFINEX:BTCUSDLong
by D4rkEnergY
43
BCH-Fibonacci/Wave Analysis-Leading Diagonal-ApexBITFINEX:BCHUSD is forming the apex of the leading diagnoal. This Idea is to track the price-action coming out of the the leading diagonal. For Further Analysis see related idea. Review: BITFINEX:BCHUSD 7.62% has been in a bear market since reaching an all-time high in December 2017 (273 days ago). 1. Primary Wave Sequence (Green) -Wave 1: +347.02% -Wave 3: +899.29% -Wave 5: +382.22% - 133 Days 2. Correction Sequence (Yellow) -A Wave: 5 Waves (Pink) (-84.87%) -B Wave: 3 Waves (+197.89%) -C Wave: 5 Waves (Orange) (-77.95%) -Fib. Extension (5-A-B) 3. Fibonacci Extension: Wave 1 & Wave 2 4. Wave Sequence Price Increase: 2,290.84% - $215.00/$4,104.30 - 133 Days 5. Wave 2 Price Decrease= 90.06% - $4,104.30/$407.90 - 273 Days 6. Fibonacci Time Extension: Wave 1/Wave 5 (Yellow) The Beginning: Idea: BCH-BREAKOUT-Imminent The Correction ended at $426.40 with a sharp reflex followed by a Micro-Wave sequence. The Micro-Wave was a lower degree Wave 1 & Wave 2. The 3rd Wave extended over 700% of Wave 1 & Wave 2. The 4th Wave Correction resulted in what Elliot called a 'diagonal triangle'. There are two main types of diagonal triangles. One is where the two boundaries of the triangle converge and the other where they diverge. The second type is known as Expanding Diagonal Triangles. Irrespective of whether they are converging or expanding diagonal triangles, if they occur in the first wave position, where they are known as ‘leading diagonal triangle’, the internal waves are made up of 5-3-5-3-5 sub waves. If they occur in the fifth wave position, they are known as ‘ending diagonal triangles’ and the internal waves are made up of 3-3-3-3-3 sub waves. For example, in an uptrend, the ending point of the fourth wave diagonal triangle will be near or even above the top of the third wave. Then all of a sudden, when the ‘e’ wave of the triangle is finished, price will break even higher and the fifth wave will race upwards. The corrective sequence occurred in the Wave A position making it a leading diagonal . When it occurs in Wave A position, it becomes a leading diagonal triangle, and when it occurs at the Wave C position, it is an ending diagonal triangle. A diagonal triangle differs from a regular (horizontal) triangle in that it slopes in the direction of the trend. So when the eventual break out happens, the next move will be in the opposite direction. The third wave traveled a considerable distance in a short space of time, and the diagonal triangle itself appeared sloping in the direction of the major trend which hints that the 5th Wave will extend. The internal waves of the correction were 5-3-5. The correction was also complex by having 2 correction sequences of ABCDE. Instead of breaking higher the move broke down and consolidated further and formed a larger leading diagonal. The next wave sequence is estimated to last 259 days till July 1st, 2019. Cheers! -AB
BLong
by FibMarketWatch
36
Leading Diagonal, and 2 of 5. Opportunity of the year USD/CADThe Federal Reserve should deliver a rate hike in December, after raising rates in September . Currently, the likelihood of a December rise is pegged at 80%, says CME Group. The Fed is expected to raise rates three more times in 2019. It pressure on the Bank of Canada to follow suit and also raise interest rates. As usual the charts told us that way before it happened, here's the forecast : Target would be a minimum of 1.50, this is a swing trade and a nice opportunity to grow equity. i would with no doubt attempt to enter this trade as many time as i can depending of short term behavior
Long
by JJFF21
$EOS USD - Short term bearish signals, how far down?It seems that the steam have already cooled off for EOS but how far will it go? While we are still looking bullish, we should expect to see the high $12 range within the next couple of days as this leading diagonal develops for the first wave of wave iii. There is a supporting trend line that originated since 10/2017 which needs to be respected. If we get a daily close below this trend line, likely we’ll be seeing $8 before resuming the up trend. Subscribe to this post and stay tuned for updates as we progress. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
BITFINEX:EOSUSDShort
by Kinashi_San
2
Forget about wave count. IS THIS A LEADING DIAGONAL?For a second, let's just forget about wave counts in this mind numbing puzzle of BTC shall we? This pattern very much look like a Leading Diagonal pattern to me. In popular alts like EOS, IOTA etc. we were able count very clear wave structures and I believe there is some sort of parelellism among all coins thanks to BTC being the king. I believe there is more to come. Stay tuned! :) For more information about leading diagonals see: goo.gl If you find this chart helpful please consider donation: - BTC: 1HGdrfsRckVe8hPTfk23EHnYxtCkNu4oXV - LTC: 1HGdrfsRckVe8hPTfk23EHnYxtCkNu4oXV - ETH: 0x31613445dda19ed940421e77091ed61ebc729eba
BITFINEX:BTCUSDLong
by tolt
GBP/CHF sell updateThis is the idea on Gchf. I just want to point out the amount of divergence coming in on the 4hr. Check out the 1hr. I believe it came down from top in a leading diagonal indicating further downside. I think it will either drop from here or make a small wave 4 and go up to .618. This is about a huge swing and trying to catch an entry on wave 3 that I can hold. It made a small ending diagonal on 1 hr and went sideways, pending breakout at trend line. It could be on wave 3 of the smaller 5 wave, but may have been 5. Keep in mind, I have explained this pair many times on my weekly outlooks and such, I suggest you follow the videos on my link if you trade with me. This was a long corrective pattern which finished with a huge ending diagonal and double top. I am definitely looking for more downside and if it was to drop from right here, the 1.618 fib extension takes you straight down to the 1.22600 level at the major supply zone. Also keep in mind I understand more modern forms of wave theory and that the market does not always follow a basic elliot type count, but that is how I see this within this smaller structure. That would make this an expanded flat as of now. Also keep in mind this is a Chiffy pair and may test your patience and risk management skills, plus this A-B-C can just be part of a more complex "B" wave, possibly pushing up to even the .786, but definitely needing at least one more push down even if only corrective, in my opinion, however this pair has the potential to even fall out the bottom and break the low of structure being a wave 5 down on weekly.... eh, out of breathe.
Short
by thillygoosth
Here Is A Bitcoin-Scenario You Need To Be Aware Of - Must See!Dear Friends! How do you become a good trader? Do you think you are good at predicting things? D4rkEnergY has said it before, but he will say it again: Good forecasters all share one trait (besides being intelligent): open-mindedness . In everyday life, open-mindedness may be mistaken for having liberal political views, but in psychology it is thought to reflect how well you deal with uncertainty. Crucially, open-minded people tend to be able to see problems from all sides, which seems to help forecasters overcome their preconceptions in the light of new evidence. So what does that mean? You probably remember, when I made this prediction 2 weeks ago? 2 Bitcoin-Scenarios You Need to Know About - The Chosen Ones! 2 weeks has past, and D4s 55 % scenario has so far been spot on. But we now also have more data, and we should always be open for new ideas and new plausible scenarios. And therefore, here is a new one, you should be aware of. It doesn't change that much, but it is important to pay attention to. So let's jump in! We are taking a look at the 2h BTCUSD Chart. Let me just throw it out immediately. D4 is still super bullish on Bitcoin! We are still in an uptrend and the 1D and 4H chart also look bullish. What I have shown in this chart is called a leading diagonal (the ascending wedge). We here assume, we are on the 3rd Elliott Wave. I don't want to go too much into Elliott Wave Theory, it might be too complex. But when we are talking leading diagonals we are allowed, as you can see, to let the 4th subwave go into the 1st subwave price territory. Anyway. So the 1st EW, in this scenario, started from 5,9k and went up to the yellow dot. As we know ascending wedges are bearish, and as you can see, we also fell out from it. At this very moment we are going sideways, and a bear flag has been created. IF the bulls don't manage to push the price higher very soon, the bulls will be exhausted, and we will fall lower. We will probably fall to around 10,7k which is equal to the 38,2 % Fib Retracement level. Hereafter we will go up again and test the inverse HS pattern. And we are back where we started. So here is D4s advice to you guys: Always keep your eyes open for new ideas, and new plausible scenarios. Be open-minded when you trade and also in your life. D4 loves you <3 PS. Please give a BIG LIKE and FOLLOW. I now got more than 700 messages from people who wants to be 1 out of 100. Guys, be patient. D4 will reveal everything on Wednesday, and how to become One of The Chosen Ones.
BITFINEX:BTCUSD
by D4rkEnergY
58
Ripple Not Done Quite YetThe price of XRP has jumped dramatically, but it's not done yet! XRP has just completed a leading diagonal, and after a very short correction (which may already be done), the price will start shooting up again. The first target is $3.50, which is just over the previous high since minor wave 5 (black numbers) should exceed minor wave 3. The second target is $4.20, which is just a physiological resistance level. Don't worry, I don't smoke weed. Of course, XRP could exceed these targets. However, I must warn you that after this pump, XRP could crash to below $2.00 as the price has simply gone up too much too fast.
BITFINEX:XRPUSDLong
by aoeuaoeu