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Motivewave

A rather long long on USOIL by Elliot wave analysis...I know this goes fairly far into the future, and it's my first time drawing much on charts here to be honest, but this is a representation of an e-wave analysis I performed in a platform I often use. Any feedback is welcome and we'll see if things pan out this way. USOIL around 70.20 by the 11th of May (18 days out). Also, if this pattern does pan out, some time around Friday the 27th of this month will be crucial to whether the price continues above or below about 68.34
FX:USOILLong
by christophercrepon
5
LITECOIN Can Be Underway Below 100On BITFINEX:LTCUSD we can see sharp decline into wave (a) and then slow sideways corrective move into wave (b) back to ideal 61,8% Fibonacci retracement. Current drop from wave (b) resistance looks like motive wave, which should be completed within five waves into wave (c) and as you can see, there is still room for more weakness towards 95-80 support zone, especially according to correlations with other cryptocurrencies, where we also see room for lower levels.
BITFINEX:LTCUSD
by ew-forecast
6
BITCOIN Did Not Bottom, YetAs expected BTCUSD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at current price move on BTCUSD we see very slow structure, thus it’s probably just a wave 4 within still ongoing wave (c). So, sooner or later we expect new decline into wave 5 of (c), where final support zone can be between 8700 level for (A)=(C) and 6800 level towards channel support line and 161,8% Fibo. extension of wave 4.
BITSTAMP:BTCUSD
by ew-forecast
65
$EUR vs $CHF 4H Chart 5-wave sequence completion|#eur #chf #fxTraders, EURCHF is close to complete the 5-wave sequence. Wave 4 (cirlce) corrective wave is probably forming an Expanding Flat Pattern. 1 - Wave-(a) has developed into a ZigZag with internal 5-3-5 structure, ending at 1.12589 2 - Wave-(b) has developed into a Zig-Zag with internal structure 5-3-5, ending at 1.16233. 3 - Wave-(c) should develop a 5-wave sequence, targeting at 1.1170(+/-) / Short term sell opportunities. After expanding flat completion will look for long opportunities targeting 1.1730 for the last 5th wave. Trade with discipline Best
Long
by ChrisMark
1