Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
SignalSwiss SignalSwiss TOP AUDUSD, D,
417 1 26

How to trade a "abc" structure (Part 2) TACTICAL: SELL "B" Thank you for your support and trade with care! ABC STRATEGY (Part 1) https://www.tradingview.com/chart/AUDUSD/JDcbSWRN-EW-COURSE-ABC-STRATEGY-Part-1/

markrivest markrivest NDX, 15, Short ,
NDX: Great NDX Risk/Reward Short on June 26, 2017
67 4 12
NDX, 15 Short
Great NDX Risk/Reward Short on June 26, 2017

NDX appears to be completing an Elliott wave Expanding Flat Correction Wave (a) was 140.90 x 1.382 = 194.72 + 5633.30 wave (b) targets 5828.02 wave (c) Wave (c) appears to be forming an Elliott wave Ending Diagonal Triangle. Wave I = 141.80 x .50 = 70.90 + 5759.69 wave IV targets 5830.59 wave V Wave "3" of a five wave impulse can never be the shortest wave. ...

RogueDave RogueDave BTCUSD, 240,
BTCUSD: Elliott Wave Analysis - Possible BTC Correction Path & Target(s)
243 2 8
Elliott Wave Analysis - Possible BTC Correction Path & Target(s)

Various Elliot Wave counts have a high probability that Wave III completed just short of the 3000 level. After the completion of a major leg, a correction ensues to retrace a portion of the entire move. The correction can form various patterns, though a Zig-Zag or A-B-C correction is a high probability. Wave A corrected from 2980 to 2121. Wave B countered ...

salsapete salsapete PRO EURUSD, W,
EURUSD: EURO @ 1.20 - wave update
72 4 8
EURO @ 1.20 - wave update

The EURO has been in a long term ABC correction. Possible wave count could be 1. Primary wave C 2. Intermediate wave 4 3. Minor wave a 4. Minuette wave 4. Price movement based on Elliot structure with conservative Fibonacci would be Euro rollercoaster of 1.10 to 1.14 to 1.08 to 1.20..... :)

Aditya Singh Aditya Singh ETHUSD, 240,
ETHUSD: ETH looks weak - but wait!
319 3 6
ETH looks weak - but wait!

On the downside, triangle support at 291ish, while 260 is a bigger support being intersection of price line and fib level. However, 4hr RSI is quite low, so don't initiate fresh short. My take: If you have long position: Hold, If you have short position: hold :) Longer term view for investors: We are still due for a 5th Elliot wave. Also, weekly RSI which was too ...

thenry thenry PRO XAUUSD, D, Long ,
XAUUSD: No Reason Not to be "Bullish"
144 0 13
No Reason Not to be "Bullish"

Currently believe we are in a "Complex correction" for a Wave "2". Still looks like we are in a Triangle to end this correction. (It has all the characteristics). Nothing better than a Triangle to waste some time. All of the legs in this triangle have been 3 - wave moves. Need to find some support on top of that "Leading diagonal" before we can progress forwards.

minthooka minthooka NXTBTC, 60, Long ,
NXTBTC: NXT BTC short term long
298 0 9
NXTBTC, 60 Long
NXT BTC short term long

Chart is pretty self explanatory. 1 hour has a clean break and retest of both the trend line and cloud. Nice crossover on the stoch. Looks like an elliot will form. My general idea is to TP at 1.618 of first wave and TP at end of wave 5. Wave 5 generally is as long as the first wave. Good RR ratio here. You can hold longer than my TP because these crypto ...

salsapete salsapete PRO AUDUSD, W,
AUDUSD: Aussie - 80 = 60 = 90
42 1 10
Aussie - 80 = 60 = 90

He is a possible long term look at the Aussie with Elliott and Fibonacci. It is not for trading, it is a framework of price movement from recent years and possible future path ( one of many !) .

donaldsaw donaldsaw EURUSD, 15, Short ,
EURUSD: Wave C Short coming for EUR ....
74 1 7
EURUSD, 15 Short
Wave C Short coming for EUR ....

Hi All, It's been a while since I posted so thought I'd update a quick count on this pair as I am anticipating a shape wave C short for the upcoming week and possibly the next few weeks. Since my last post, we saw EU spike up back to the levels back when Trump won the US elections last year; and now, EU is in a corrective wave down to potentially close the gap ...

salsapete salsapete PRO GBPUSD, W,
GBPUSD: Pound -ed :  wave count update
45 1 7
Pound -ed : wave count update

For those who like to be spatially aware of price Possibly the pound is in a long term downtrend at wave structure 1. Primary Wave 3 2. Intermediate Wave 4 ( Zig Zag) 3. Minor Wave C 4. Minutte Wave 4 The recent political instability and Brexit issues will weigh on the Pound. Technically a correction of Minutte wave 3 would likely pass to the .50 - .618 ...

Hatiz Hatiz PRO BTCUSD, 240,
BTCUSD: Two options, guess what they are.
158 0 7
Two options, guess what they are.

Either a bounce of the blue line or a head & shoulders. cheers.

douglasswg douglasswg GBPUSD, 240, Long ,
GBPUSD: GBPUSD Long, RR 1 : 1.65
31 0 6
GBPUSD, 240 Long
GBPUSD Long, RR 1 : 1.65

GBPUSD weekly TF struggle to close below 1.2700, creating triple rejection on my EMA21 leaving long tail below. Reason : - 3x times weekly candlestick has struggled to close below 1.2700 price leaving long daily candle tail below. - Elliot Corrective Wave in play. - Potential to reach next resistance points : Entry point Long : CMP or any pullback at 1.2700 ...

SwissyTrader SwissyTrader PRO DAX, 15, Long ,
DAX: Going long in german Dax when long time support of 1708 is near.
58 0 4
DAX, 15 Long
Going long in german Dax when long time support of 1708 is near.

Dax made a not so nice double bottom on friday after a sudden downbreak at 11:00 in the morning. Chances seem big that there is a retest of the longtime support at about 12708. May be that an elliott-wave 3 will follow to the maximum of 12800, which is a hard resistance.

HoneyBhardwaj HoneyBhardwaj USDJPY, 240, Long ,
USDJPY: USDJPY correct pattern very similar to NZDUSD look for buy entry
49 0 3
USDJPY, 240 Long
USDJPY correct pattern very similar to NZDUSD look for buy entry

Hi guys, Look for entry to go long on usdjpy maybe around at 61.0 or breakout to upside, it's very similar to NZDUSD structure with impulse wave A correction then impulsive C wave. it will go little more down in 1H but it's up to complete 3 wave structure. So look for it.

drecchia drecchia EMC2BTC, 180,
19 0 1
EMC2BTC, 180

Based on elliott waves, we should see some shorts for a few days. I dont expect another long right now, we should see a congestion after the retraction and then another long.

Fereydoon Fereydoon AUDJPY, 60, Short ,
AUDJPY: Will this Happen ? ?
5 0 1
AUDJPY, 60 Short
Will this Happen ? ?

One of the possible direction for AUDJPY. Let's see how it's played it self out.

Fereydoon Fereydoon USDCAD, 60, Long ,
USDCAD: Short term buy on USDCAD
3 0 1
USDCAD, 60 Long
Short term buy on USDCAD

I'm still waiting for a big down side move on the USDCAD

willp111 willp111 ETHBTC, D, Short ,
ETHBTC: ETHBTC Corrective Elliot Wave to 0.1 btc seems likely
258 1 7
ETHBTC Corrective Elliot Wave to 0.1 btc seems likely

Ethereum looks to be following Elliot Waves cycles with the second wave following the pattern of the first wave quite closely. The large price increases leading to points 3 in the impulse waves, with smaller rises for points 1 and 5, give a nice indication that the waves are labelled at the correct points. It looks like we are currently in the corrective wave ...

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