SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.
Bear with me (pun intended). I know I'll probably get some slack from the 5 wave correction counting of wave C. Most people would place the 3rd wave in June instead of May, but a few things suggest me that the 3rd wave down was actually in May: This C wave lies at the 123.6% extension of wave A which is a common area for the Expanded Flat correction. ...
A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends...
EXPANDED FLAT CORRECTION 2- EXPANDING FLAT : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three •...
Link Vs S&P Fractal Beautiful expanded flats so far, will we follow the S&P up?
This is why it could be done already Matches perfect for an expanded flat! If this count is incorrect ==> Check my related idea at the bottom I hedged my long position with a short ==> Entry $36,580 Good luck all <3
DXY Expanding flat is not yet complete. A more room for down till IMBALANCE GAP area, from which to bounce up. Target 1 is the expanding flat pattern completion point, where abc started. Target 3 is a measured move.
DXY Expanding flat is not yet complete. More room for up move till Imbalance Gap area, from which to bounce down. Target 1 is the expanding flat pattern completion point, where abc pattern started. Target 3 is a measured move.
As nerely a perma-bear, I post this that could be merely a copium. Just a memo. If it seems this is valid, I will elaborate on it later.
Previously, I had put a rather bold prediction calling a shot term top when CVNA first hit the $28.50 price range. Obviously, you cannot make a full prediction on how a correctional will play out, the most common of which are A-B-C setups. This is setup to be an expanded or running type of flat correctional. Based on the key trend-line we have yet to test, my...
It's so hard to fit this idea in a digestible way that can be viewed well. I've opted to just posting the most relevant part first and as we develop and update our count I'll post pictures till we're out of wave 1. CURRENT STATE: MICRO COUNT - WAVE 2 (5 WAVES TOTAL) We've got ourselves a nice little expanded flat it appears, the 1.618 extensions also line up...
Total2 looks like an expanded flat completing its reversal at the end of a C wave. It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline. If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here: However,...
Multiple levels on the trend-based fib-extension for an expanded flat correction line up perfectly with the pattern targets for a falling wedge breakout and a proposed impending break of the parallel downtrend.
BANKNIFTY HOURLY CHART-UPDATE FREE SERVICE Guys in my view their is no such condition to be very bullish. In higher degree we are in wave 4 of which we have completed (a) and (b) now we are in impulsive move down, and it will be an impulse as I am sure we are in an expanding flat. If you will have money, you will be able to put it at bottom otherwise you will...
In this update, I'm going to dive into a short analysis of Bitcoin's performance since last June, exploring three potential scenarios and their implications for both beginner and advanced traders. My aim is to provide an accessible yet technical discussion that caters to a wide range of users. Scenario 1: Expanded Flat (BEARISH - top may be in or very close)...
This idea explores an alternative scenario for Bitcoin's price movement, considering the possibility of an expanded flat wave pattern from an Elliott Wave perspective. I will discuss the likelihood of this scenario occurring and analyze different price targets based on various projections. Bitcoin has experienced significant price fluctuations since its...
Here's a more bullish chart for Bitcoin, should the expanded flat correction play out and take us to a new ATH: *** This idea requires DXY to turn back and continue its downtrend, a resumed uptrend would likely negate this *** Expanded Flat stopped just below the 1.618 on the trend-based fib measurement (logarithmic), first stop after crossing ATH and 100% would...
We may witness a fractal move of the daily chart as wave 4 of a potential bearish impulse. A bearish expanded flat (possibly a running flat) is expected with a bearish White Swan harmonic pattern. SL above 23300. Recommended 23350 (see the trendline right up). TP 22400-22700. I also predicted wave 2 would be an Elliott flat, which revealed it was not (it seems...