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Wave4

Early High on Friday Followed By New Weekly Low Tomorrow?If we are in Intermediate wave 1 down, we are likely near the end of Minor wave 4 up. Here is confirmation of wave 3 of 3 with the pink bars aligning in the bottom indicator at Minute wave 3 (green) inside of Minor wave 3 (yellow): There is a chance Minor wave 4 up has finished and was only 2 hours long. While the other likely option and one pursued in this chart is that Minute wave B has likely finished or could finish near the open. If Minute wave B ended with the low from August 3rd, then wave C will likely conclude within the first 3 hours of trading on August 4th. Strongest model agreement has wave 4 lasting 6 hours which would mean the top occurs within the first hour of trading. Secondary and tertiary models point to a likely maximum length of 8 hours (the third hour of trading on August 4th). The possible reversal levels are based on the following datasets in order from most specific to current wave location to more broad datasets. Light Blue levels are possible locations of market top tomorrow Yellow is slightly less specific than light blue White is most broad dataset The muted pink color represents specific data for Minute wave 4s in Minor wave 1s in Intermediate wave 1s. Basically the high tomorrow will occur within the first or second hour of trading and not go above 4550. Most conservative zone for the top is between 4524-4536. If the high from August 3rd is not surpassed on August 4th, the market will likely head down (and is already) into the final wave 5 of Intermediate wave 1. Initial loose projection is for this near-term market bottom to occur next week. Once confirmation of Minor wave 4's endpoint is recorded, Minor wave 5 will be projected.
SP:SPXShort
by StockSignaler
6
The Market Maker PlanHello traders, Today I'm going to share with you 'my idea' about Bitcoin in weekly time frame. As we can see in the chart this crazy move on Bitcoin made every trader skeptical. Market maker needs volatility before dumping the market and as we can see before the pump the market was moving slowly and we reached the lowest volatility of all time and ofcourse it won't dump before collecting volume and liquidity. Market makers started to promote on their social media that bottom is in which is not correct in my opinion. why? Have you seen a crash without an uptrend? I don't think wave 5 is too short so I think we are still in a bear market I don't see any bull market from here, it's just normal volatility inside wave 4. and many indicators doesn't show that we reached the bottom yet. Yesterday I checked the weekly EMA because every decent investor will check it out before making any move and I found that 50 EMA has crossed with 200 EMA which is " The Death Cross ". - In my opinion wave 4 has not been ended yet but it's about to end! - The big Falling Wedge has not broken yet. - We are still in a correction and I think this is ' Running Flat Correction ' inside wave 4 where prices tends to bounce from support and resistance. #Running Flat Correction: Wave B terminates beyond the start of wave A. Wave C terminates before the end of wave A. - Wave B = 123.6% of wave A - Wave C = 61.8% - 100% of wave A I consider this time wave C will end near 21,500 - 22,000 and there I'm gonna short the market based on my strategy. Let me know in the comment down below do you think bull market has started? and why? Non of this you can use as financial advice! always do your trade based on your analysis and strategy.
Short
by aboLsis
13
A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold. If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation. IMO, we are amid a Wave 4 correction. Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is... If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place. If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies. I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation. Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY. Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS. What are your thoughts?
FX:SPX500Long
by BradMatheny
6
Intermediate ABC Extension in Minor 3 Complex Correction in 4Bitcoin has been in a corrective pattern from the low of 17,500 on June 18th and is beginning to exhibit signs that it could either be a reverse expanding triangle or a WXYXZ pattern. Case for the triangle: Each side subdivides into a zig-zag C is 123.6 of A A and C made higher highs while B and soon D will be making higher lows 1H 30mn 15mn Case for WXYXZ: X is between 61.8% and 76.4% of W Y is less than 123.6% of W X is on target to be around 61.8% of W Alternate WXYXZ Finally, as a bullish alternative this could also be a leading diagonal in a wave 1 since the rules for leading diagonals are that each wave 1-5 subdivides as a zig-zag although this feels less likely due to the way the pattern starts contracted and then expands as the correction continues.
COINBASE:BTCUSD
by HelioHelix