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Elliott Wave TheoryElliott Wave Theory What is the Elliott Wave Theory? The Elliott Wave Theory came from Mr. Ralph Nelson Elliott in the 1930s. The Elliott Wave Theory said that there are five waves in the main trend with three waves in a correction. The smaller patterns together form the bigger pattern. Pattern Identification Wave 1, 2, 3, 4, and 5 run in the direction of the main trend. Legs A, B, and C form a correction pattern. Wave 1, 3, and 5 are impulse wave, which makes advancement in the direction in the current trend. Wave 2 and 4 are the corrective wave that travels in the opposite direction of the main trend. Variation of Wave 1, 3 and 5 Legs A, B, and C are corrective waves following the 5 waves in the main trend. Leg B may appear in numerous variations. Leg B may have more than one rebound peak, and when that happens Leg C may be delayed. Leg B peaks may be high altitude or low altitude peaks. Leg B may appear in the form of bottoming patterns; however, the downtrend may follow in the form of a Leg C. Variation of Leg B Leg C may be a short or a long wave. An additional Leg C may follow immediately. The additional Leg C may be delayed if Leg B takes longer to complete. Variation of Leg C A truncation wave is usually a wave five that fails to move beyond the end of wave three. A truncation happens with uptrend and downtrend. Interpretation of the truncation varies in different charts, but a truncation may indicate a reversal is due, but not always. Benefits of the Elliott Wave Theory The Elliott Wave enables traders to make better price predictions and improve trade decisions. Knowing that Elliott waves 1, 3, and 5 runs in the direction of the main trend, then trading in the current direction of the security may sometimes be a more favorable bet. Knowing that Elliott wave 2 and 4 are corrective waves of the current main trend, then a trader may consider profit-taking. Knowing that Legs A, B, and C are corrective waves, then a trader may consider trading in the opposite direction of the previous main trend. Knowing that the truncation pattern is forming, this may be an indication of a possible trend reversal. There are risks involved in trading. Each trader has different risk tolerance. Knowing which Elliott wave the security is currently trading in may help the trader decide which direction to trade. Trading in the direction of the waves may reduce the trader risks. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIOEducation
by GreenfieldAnalysis
6
BNBUSDT (BINAINCE COIN) Struggling to BREAKPOUT! ANALYSIS 🔎 Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here! - BNBUSDT is consolidating in a descending triangle pattern. - I think relatively a big move is imminent if we breakout the descending resistance POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the descending triangle inclined resistance. - Downtrend ⬇️: breakdown below support. Hit the 👍 LIKE button for more. Just 100% daily Cryptocurrency analysis.
by Tradingrecap
The Golden Cross Against The Death CrossThe Golden Cross Against The Death Cross What is a simple moving average? A simple moving average of the price is a mathematical method by taking the sum of the price in the timeframe you decided to use and then divide that by the total number of the price you decided to use. An exponential moving average of price places more weight on recent price. What is a Golden Cross? A Golden Cross is when the 50 units moving average crosses above the 200 units moving average. Predictability of a Golden Cross? Usually Bullish What is a Death Cross? A Death Cross is when the 50 units moving average crosses below the 200 units moving average. Predictability of a Death Cross? Usually Bearish Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIOEducation
by GreenfieldAnalysis
2
LRC - Price Prediction - Recent Very Positive News!Hello Traders, LRC is another great project that hasn't shown its true colors yet. We have to remember that LRC once traded at more than $3, which leaves a lot of room to grow to previous highs. I believe it's very undervalued as of right now and there could be huge potential down the road. Some very positive news came out recently. LRC is currently being looked at as one of the top layer-2 DEFI exchanges, closing more than $590 Mil in transactions this year. "Cointelegraph wrote, traders are migrating to Loopring to escape the higher/ raising fee's currently associated with Etherums mainnet. " Though I do believe we are still in the infancy of what Loopring will be able to offer to its user and what the true value will become of its native toke, LRC. As of right now, the LRC token makes up more than 40% of holdings currently on the DEFI exchange. But once we start to see some of that love spread out between other coins, we should see an increase in LRC's price. Price Prediction: It's quite possible that the current market cap of $699,908,577 could increase to around $1.4 Bil - $1.8 Bil. Broken down: 1.3 Bil. (est. Circulating Supply) / $1.4 Bil - $1.8 Bil (est. Market Cap) = $1.07 - $1.38 (by end of 2021). This would result in a 130%+ ROI from the current price. This is a long-term approach but for the short term, we may see a small breakout to retest recent highs. Also, take a look at how close the ALT. Prep. and LRC is following each other on the hourly chart. I'm keeping an eye on both to help better understand where LRC's price is moving to next. Good luck!
COINBASE:LRCUSDLong
by MarkStPeter
6
A Potential Bullish FixerA Potential Bullish Fixer. Bearish divergence on Feb 10, 2021, when the stock was topping at around $65. On Feb 18, 2021, the bearish divergence completed the pattern followed with a market sell-off immediately to around $42. Now, this stock is a potential bullish fixer. What do I mean by a potential bullish fixer? It is becoming less bearish and has the potential to reach a price of $59. This type of trade I think is risky... Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIO
by GreenfieldAnalysis
10
More correction is possible for NIO More correction is possible for NIO NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIO
by GreenfieldAnalysis
More correction is possible for TSLAMore correction is possible for TSLA TSLA Price Bar Chart is still bearish. It is possible for this stock price to drop further to a price target of $680. -DMI is still very strong and ADX is still rising. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NASDAQ:TSLA
by GreenfieldAnalysis
2
DOGE BREAKOUT INCOMING?! Is it a Bull flag or a Dead Cat Bounce?There are 2 scenarios for Dogecoin right now, either we are seeing a dead cat bounce or a massive pump is imminent. I am going with the more bullish scenario. Dogecoin looks to have been accumulating in a huge bull flag this month. We had a clear breakout from the channel and attempt at 0.065 cents, but we are now accumulating once more as a retest of the trending resistance level. If the pump happens it will be in the next several hours or at most the next couple days.
Long
by jamessto
1
How to trade stocks with call and put options?How to trade stocks with call and put options? Why one may consider options trading? One may consider options trading to generate income, to hedge his or her portfolio, and to speculate the next price move. What is a call option? A call option allows the option buyer the right, but not the obligation to buy a security at a predetermined price within a specific time period. What is a put option? A put option allows the option buyer the right, but not the obligation to sell or sell short the specific security at a predetermined price within a specific time period. Why options trading involves substantial risks? Options are financial contracts with a predetermined expiration date. Options have a time decay factor. At the expiration date, option holders have to make a decision. Options holders may exercise the options if the options are in-the-money, to sell the options at the market values, or faced a capital loss if the option is out-of-the-money or may be completely worthless. How to read the option quote? Just an example. 1 Call XYZ March 17, 2021 140 Call $5 XYZ is the symbol for the underlying security. March 17, 2021, is the expiration date. $140 is the strike price. The strike price is the price at which the underlying security may be brought for call options. The strike price is the price at which the underlying may be sold for put options. $5 is the premium. Premium is how much it will cost the trader to purchase the option. One option equals 100 shares of the underlying security. Thank you for reading! Greenfield Remember to click "Like" and "Follow" to see more articles. Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only. The option quote in this article is not real. The option quote was just a makeup example.
NYSE:HLTEducation
by GreenfieldAnalysis