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Running-flat

BTC as a Running Flat CorrectionHi everyone, Ignore the main chart - look at the updates for what I'm proposing... Just another BTC idea I had - BTC as a running flat correction on the larger scale. Ghost bar patterns came from: The more detailed yellow ghost bars: -Wave-C in Larger Wave-A, inverted to give the right price direction -Small Wave-C in Wave-B is A+B time -A and B in Larger Wave-B are equal in time. Larger Wave C: -The same as Wave-C in Wave-A, stretched to match the larger 0-B trendline . -Larger Wave-C is equal to larger Wave-A+B time. That puts the top at around $35k if we are to make a new ATH . It won't happen for some time from now, though. Still debating whether this may be just Wave-A in an even larger correction, or maybe the whole correction is Wave-2 (haven't worked that out yet). In the update below - I will put some trends I was playing around with to come up with this/help validate it. Not trading advice.
BITSTAMP:BTCUSDLong
by Korastiz
2
SPX500: 3-Drive Reversal (Potential 20% Correction)We have the S&P500 grinding up to all-time highs. We have some bearish divergence forming and a potential 3-Drive reversal pattern. The 161.8 extension of the 1st drive (green) and 1.272 extension of the 2nd drive (red) both come in around 3100 for so confluence. This is where I will be hunting for reversal. My minimum target will be around 2500 for a Running Flat correction. That is a potential correction of around 20%
OANDA:SPX500USD
by FX_PriceActionSetups
2
$XAUUSD Daily Chart. A fake-out not a break-out |#gold #fx #us Traders, Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next decade when the second corrective wave 2(circle) completes and that’s perfectly correlated with the multi-month correction we are expecting for U.S$. Gold is going to break above 1375.15 (the previous high) however, that will be a fake out and not a break out, dropping again back in the range. This means that once the upside is completed, this market will undergo a severe percentage corrective decline, proportional to the downswing from the July’ 16 high labelled as (A)-wave, giving a sense of equality of waves (A) and (C). A fib. 61.8% retracement of the 1046.54-1375.15 advance projects down to 1170.00+/- for the following 5-wave sequence labelled as wave (C) completing the Running Flat Pattern 2(circle). Wave (B) is moving in a very overlapping sequence, a corrective format as a Triple Zig-Zag, thus cannot be considered as an impulsive sequence, but as the second part of a larger corrective structure. Implementing Fib-price ratios and proportions model for this pattern, terminal price targets are highlighted where measurements converge at 1420.00(+/-), creating a “reversal standby signature” where a price rejection could be enough to validate the flat’s pattern second-wave completion. Trade with Discipline Best
FX_IDC:XAUUSDShort
by ChrisMark
17
Eur/Aud buyI feel so stupid considering I had perfect buy entry earlier, and also because I fel like I never took the time to properly look at this as a whole. It is possible it produces a nice sell setup, but considering everything I would at least expect it to hit that 618/equal length, possibly much more. EA told us exactly what it was doing, I was just to busy looking at other pairs, but I would just say to continue looking for buys, if it pulls down/ consolidates, look for chances to buy.
Long
by thillygoosth
Feeder Cattle - In a running or expanded flat wave 4 It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing wave 4 is now in wave C higher of an running or expanded flat, towards at least 144.60 and likely higher to 151.00 in a running flat. If, however the top of wave A at 151.20 is taken out, the target should be closer to 160,50 in an expanded flat correction to complete wave C of 4 and setting the stage for the final impulsive decline in wave 5 of (A). But for now, we should keep our focus towards the upside for a test of resistance at 144.60.
QLong
by EWS
2
US OIL ANALYSIS - DAILY VIEWHi Traders, Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted. In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave. Then we have a typical ABC correction. The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B). After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave. Looking for hundreds of pips on this long position! Carlos
TVC:USOILLong
by ccerezo11
5