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Wave5

TSLA to $530, $570, or $732Following Elliot wave analysis, it appears tesla just completed wave 4 of wave 5. If this is the correct current pattern, we should see Tesla going to a full length of wave 1 which would be $350. A complete 1 of wave 3 which would be $570, or max of 1.618 which would be $732. I do not believe with how the market is that $732 will happen, but with Battery day and possible SP inclusion, we should be seeing $530-$570 coming fairly soon. After wave 5 completion, we should see major consolidation in Tesla.
NASDAQ:TSLA
by ncontelmo
1
Likely 700 point drop looming, but this is very bullishI continue to run more models. My models are like the cones of uncertainty when forecasting hurricanes. The more data that comes in changes the cone. In this case, this chart is completely different from the one 2 weeks ago. That one saw the end of Grand Supercycle 1, this one still has us in the final Cycle wave 5. This model also projects Grand Supercycle wave 1 will not end until early-mid 2022, but more will be published on that later. My prior model was not completely wrong as the major crash is looming, it is now just delayed for another 18 months or so. This chart is using similar models to project Intermediate waves 3, 4, & 5 (which are annotated in the white text) and another one to project Primary waves 1 & 2. The end location for Intermediate wave 3 is based on 110 data points. It is even possible this wave 3 ended with the close of trading yesterday which could start a 150-200 point drop over the next 7-13 days. Intermediate wave 4's end dates and points are separately based on 150 data points. Wave 4's have an average and median drop of around 41% the entire movement of wave 3. Wave 4 will give way to a nice jump slated to top right before election day in the U.S. Intermediate wave 5 is based off of 190 data points and tends to be the most accurate in all of the models I run. The end of Intermediate wave 5 is also the end of Primary wave 1. There is some overlap in the projects for the intermediate and primary waves. The most accurate projections are for the intermediate waves due to the amount of available data to determine those dates and price levels. The yellow text primary waves are larger targets because less data was used to obtain them. The biggest data points for the yellow primary waves comes from one main area. The fifth wave typically accounts for 15-20% of the bigger wavelength (with a consistent average & median around 18%). Theoretically Cycle wave 5 will last around 18% of Supercycle wave 5's length. 18% of projected Supercycle wave 5 is 610 trading days. 15% is 491 trading days. My current projection has Supercycle wave 5 ending (which is also the end of Cycle wave 5) in 2022. I will go into greater detail about these points in the future. The primary waves were calculated solely based on the 491-610 trading day length of Cycle wave 5. Each wave tends last a similar ratio to the larger wave it trades inside. This is how the yellow text was calculated. Wave 1's tend to last ~29% of the larger wave, 2 is ~12%, 3 is ~37%, 4 is ~5%, and 5 is ~17%. These values are not found in any book, they are from nonstop studies of millions of data points my programs have been running. The 700 point drop in the title speaks of my current projection from the end of Intermediate wave 5 / Primary wave 1 right before election day and through the first quarter of 2021. My website will go into much greater detail about the drop and whys. Leave comments if this analysis was helpful and thanks for reading.
SP:SPXLong
by StockSignaler
2
BTCUSD May See A Slow Down Based On Bitcoin Volatility IndexHello traders! Today we will talk about Bitcoin Volatility Index and we will show you how to understand and read it compared to the BTCUSD chart using Elliott Wave theory. Well, BTCUSD is in an impulsive rise from March lows and currently we are observing the final wave 5, mainly because of a rise out of wave 4 triangle, which in EW theory suggests the final move before we may see a deeper A-B-C corrective decline. If we take a look at the BTC Volatility Index chart, we can see it approaching the lows again. And always, when BTC Volatility comes to the lows, we can expect some big action and huge volatility, especially if this is a wave 5 of a bigger ending diagonal. So, considering that BTCUSD can be finishing wave 5 and BTC Volatility Index coming to the lows, we should be aware of a bigger corrective decline soon, ideally somewhere here at the end of August and beginning of September. If you like what we do, then please like and share our idea. Be humble and trade smart! 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.
BITMEX:BVOL24HEducation
by ew-forecast
1
USOIL Will drop to 41.15 then Will move to 46.92Dear Traders As I mentioned before about the analysis of Oil. In this moment we are in Wave 5 of total movement. Wave 5 includes 5 waves which are 1,2,3,4, and 5. Wave 1 in wave 5 started on July 30th 2020 15:00 GMT and this wave finished on August 5th 2020 16 GMT. After that wave 2 started which is a regular flat wave. The wave C of the second wave will finish at rate: 41.15. Because of spread I will take the range between 41.25 and because of shadow to 41.05. The low and high frequencies of market still need time to get together in one point so probably today or tomorrow market will reach to our point and from tomorrow up trend will start. Summary: The range of buy limit: 41.25 ~ 41.05 I will set 3 buy limits with the volume of 0.02 for each with $1000 equity. Take Profit 1: 46.92 but because wave 3 also includes 5 waves we can have our first TP at rate: 43.36 then market will back to 42.00 then you can have new position at this rate and TP2: 45.56. After that you need to wait for 44.71 and take the other position and set the TP3 At rate: 46.92. After TP3 wait until wave 4 finished which is at rate 45.60. I will update you in future for the structure of waves.
TVC:USOILLong
by FireXForex
2
AUDCAD Trade setup short termHello everyone, I am going to keep this short and sweet because my last posts have kept getting banned. I apologize for my absence, but I am hopefully going to be posting more often now. Elliott wave analysis: It looks like we have just started our wave 5 of a greater decline, maybe some sort of wave C? I am not sure, I have not look at the larger structure too much. But for now, let's work with the trade opportunity available to us. The reason why I think that we have started the wave 5, is because we have just finished an a.b.c wave 4, that ends around the end of the wave b in the wave 3, which is a really strong support in harmonic elliott wave theory, that shows this is infact a wave 4. The target is the 2.618 of the wave 1 and the 0.618 of the wave 1-3-4, which is around the same place. Depending on your risk tolerance, the stop loss can be the prior swing high/ end of wave 4, or the most recent high. I am stopping at the most recent high, because I am not planning on risking too much on this trade. Moving average analysis: The 200 ema rejection on the 15 minute is giving me HUGE bearish vibes. Not only does it reinforce the fact that wave 4 has ended, it also tells us that there is a lot of bearish momentum still. In addition to this, on the one hour, we have seen that the 55ema has crossed over the 200ema which is an incredibly bearish sign. RSI analysis: On smaller timeframes such as the 15, 30 and 40 minute, we can see that we have rebounded off of a strong rsi support and are headed back downwards. I have drawn on the rsi, what I think the move will look like. I suspect that we will see a rebound from the oversold zone, that will indicate the end of the wave 5 with strong bullish divergence. On smaller timeframes such as the 2 hour and the one hour, we can see that we have seem lower highs and are trending back downwards again. Macd analysis: The macd worries me quite a bit. On the 1 hour, we can see that we have a cross on the negative side, which is not something we want to see when we are headed lower, but on a smaller time frame, for example the 30 minute, we can see that the Macd has rebounded off of the zero line and we see bearishly diverging rsi. This hints to me that we will be seeing lower price action and perhaps a cross on the macd of a higher timeframe. All in all, we are headed downwards. The target is the 2.414-2.618 area, and the stop loss is either the end of wave 4, or the previous high.
Short
by Mika_k
GBPCAD, daily timeframe, 5th wave of Elliott Wave (2nd)Hello my friends, Previously i have analyzed GBPCAD and managed to enter exactly on the 38,2 fibonacci retracement of wave-3. I entered exactly on fibonacci 38,2 retracement because the 4th wave usually only retrace around 23,6-38,2 fibonacci retracement. For those who didn't entered GBPCAD on my 1st entry, there is a possibility to enter again here at 1.7450 Buy GBPCAD 1.7450 Stop loss 1.7300 Take profit 1 @ 1.7675 Take profit 2 @1.7875 Disclaimer: I've been buying GBPCAD from 1.7395 and still holding Good Luck
Long
by HayatoDragonFX
USDCAD: WAVE 4 MAY END SOONafter reviewing the movement of the prices from the ending diagonal formed at the start of wave 1, it could be seen that the wave 3 retraced in the 1.618 zone ...Instantly followed by another counter wave 4 (which is still on formation). We anticipate the commencement of wave 5. We are to go short once we go below the red box. Also, I also spotted a head and shoulder pattern which is signalling reversal. I hope the market obeys. please like, follow and comment if this idea seems good. Thank you.
Short
by Bishoptimmy