Taking a quick long for the day. High volume support back to resistance
Wave C finished too quickly which is highlighted by my white channel. So I predict another leg down before returning to the upside.
I think this we wave C of correction. Based on that, Wave C should be at least the length of wave A.
I think we are still in correction, see how it plays out but this is my prediction. I'll be watching the 0.0004 level
Still learning EW but to me it looks like bitcoin might have finished it's correction. I'll be waiting on the completion of Wave and seeing what Wave 2 does before entering. What do you guys think?
SHORT TERM SHORT and LONG TERM LONG 5 waves complete. Now i'm looking for 3 waves down before loading up again. The yellow zone is a 0.618 fib retracement zone, imbalance and 100% of wave A. So this is where I'm looking to buy more after confirmations. Divergence and high volume.
B wave appears to be complete. 5 waves up for C with targets of the upper trendline. 164 ish
Gold has nearly completed the first impulse wave down in Wave 3. I'm waiting for an abc correction, then waiting for a break of the low.
Pull back complete. Time for another leg up. Deeper pullback after this next wave.
All yen pairs looking like they are going to be turning up for one more impulse wave before having a deeper correction.
Quick short term short. Long term = long. GBPJPY just completed B leg of correction, expecting C to retest support before continuing up.
EURGBP turning down. Looks like its finished correcting the initial push down from the 9th
Hey, New to Elliott Wave so this is just for educational purposes only. ETH has two legs left to complete, after this we can expect a break out and price to make a new high. Any advice on my chart would be appreciated.
Hey, New to Elliot Wave Theory so hoping I've got this correct, still trying to get my head round it. Any advice would be appreciated. Price just broke out of the contracting triangle at the end of sub wave 4 of wave 3. So I'm expecting a price to rise to complete sub wave 5 of wave 3 before having a deeper correction for Wave 4. I've opened a long trade based...
Hey, I'm new to Elliott Theory, just wondering if anyone can offer any advice to see if i've correctly understood the theory. Currently to me it looks like we are in a zigzag correction and we are in wave C. Currently waiting for the sub wave 4 pullback before continuing down for wave 5. I don't have wave 5 targets yet since wave 4 hasn't complete? Completing...
YEN getting stronger. Reaching resistance, waiting on confirmations. I'm short on AUDJPY, EURJPY and NZDJPY. Avoiding GBP/JPY until after the inflation report
Cumulative volume delta making new lows whilst price made higher low. I'll wait for further confirmation but possible move up.
CDV making new lows on the 15 min but price is not, buyers are absorbing the selling pressure. Waiting for Money Flow to turn green and ema cross before entering. Wait for your confirmations before taking a trade New to trading with Delta Volume any advice appreciated