Neo Wave

NeoWave theory was developed by author and financial analyst Glenn Neely. It's an expansion of R.N. Elliott's ideas and concepts, with its own technique to analyse waves, aiming at reducing the subjectivity and perceived contradictions of the traditional Elliott Wave theory. NeoWave is a discipline in itself with many additional rules and requirements and with new patterns such as the neutral triangle, the diametric formation, the 5th failure terminal and the 3rd Extension Terminal. The factor time plays an important in its logic: time duration of pattern segments is used to determine whether or not a pattern has completed.
arash_shoaei arash_shoaei XAUUSD, M, Long ,
XAUUSD: Neo Wave analysis : Gold monthly frame overview
43 0 4
XAUUSD, M Long
Neo Wave analysis : Gold monthly frame overview

chart is illustrative

arash_shoaei arash_shoaei BTCUSD, W,
BTCUSD: Neo wave analysis
93 0 6
BTCUSD, W
Neo wave analysis

BTCUSD

arash_shoaei arash_shoaei BTCUSD, W,
BTCUSD: Neo wave analysis : BTCUSD weekly Frame overview
75 1 7
BTCUSD, W
Neo wave analysis : BTCUSD weekly Frame overview

BTCUSD chart is illustrative

IvanLabrie IvanLabrie PRO USDMXN, D, Short ,
USDMXN: USDMXN: Fading the irrational rally, viva Mexico!
425 7 16
USDMXN, D Short
USDMXN: Fading the irrational rally, viva Mexico!

This morning I bought an $MXF stake at the open, and shorted USDMXN at 20.0022. I think we might be in the presence of an 'ending diagonal triangle', or terminal wedge, in Elliott Wave parlance, in particular according to the Neowave rules. If that's the case, we will a see brutal rally in the Peso, sending USDMXN down to 16.43 in approximately the time the arrow ...

IvanLabrie IvanLabrie PRO SPX, D,
SPX: SPX: Daily view
670 5 26
SPX, D
SPX: Daily view

Looking at the daily chart we find a few key points to consider that we can't stress enough. Last Friday saw a low activity day, which closed as an inside day, showing a loss of momentum from the bullish camp. It's possible the burst from the previous session was short lived and we're witneseeing a sideways move before more clear direction emerges, as the market ...

timwest timwest PRO TSLA, W, Long ,
TSLA: Updated Elliott Wave Guess for Tesla Motors
2423 19 33
TSLA, W Long
Updated Elliott Wave Guess for Tesla Motors

My last Elliott Wave guess for Tesla was two years ago and published here at TradingView. https://www.tradingview.com/chart/TSLA/Es2QKpOG-Tesla-Motors-TSLA-Weekly-Elliott-Wave-Guess/ It was a brave effort to forecast far into the future and was bearish at the time, looking for a drop to 193. See the link below for reference. The updates relate to going back ...

IvanLabrie IvanLabrie PRO US30, W, Short ,
US30: Dow Jones Industrial Average: Terminal pattern spotted
1113 2 33
US30, W Short
Dow Jones Industrial Average: Terminal pattern spotted

We might be in the presence of a terminal impulse, concluding a larger corrective structure in the Dow Jones. The longer term wave count is incredibly complex and I won't attempt to perform the proper Neowave analysis of it, but, I'd like to point out that the recent juncture appears to be a terminal pattern, which would imply we might see a rapid decline and a ...

IvanLabrie IvanLabrie PRO DXY/XAUUSD, D, Long ,
DXY/XAUUSD: DXY/XAUUSD: Terminal pattern spotted
244 0 19
DXY/XAUUSD, D Long
DXY/XAUUSD: Terminal pattern spotted

It appears we'll see a forceful rally in the dollar (and a similarly fierce drop in gold) in the coming days. The terminal pattern on chart implies we'll reach May 30th's high in 1/3 of the time that forming the terminal triangle took, counting from August 18th's daily low. The post pattern confirmation demands the time and price target is met, so, to be a valid ...

Intuit Intuit PRO BTCUSD, 240, Short ,
BTCUSD: Bitcoin Double Combination Breaking Down (Elliott Wave Analysis)
2775 4 32
BTCUSD, 240 Short
Bitcoin Double Combination Breaking Down (Elliott Wave Analysis)

https://www.tradingview.com/chart/BTCCNY/cDtD722k-Bitcoin-Horizontal-Triangle-Resolving-Up-Elliott-Wave-Analysis/ Continuing from the last chart that I published, It looks like we just completed Wave (b) as a double combination. The confirmations are the count (zigzag x triangle), the break down of the B-B baseline, the break down out of the A-A Channel, momentum ...

IvanLabrie IvanLabrie PRO EURUSD, D, Long ,
EURUSD: EURUSD: Big trade I've been awaiting
1294 9 43
EURUSD, D Long
EURUSD: Big trade I've been awaiting

EURUSD is breaking up from its 20 week accumulation period. All this time, commercials have been long Euro futures, and we have seen fundamentals take a turn south for the dollar, and risk in US and global equities. Except for the recent relief rally, action has been predominantly bearish, which paired with the very dramatic rallies in the Euro and Yen, make me ...

Intuit Intuit PRO BTCUSD, 720, Short ,
BTCUSD: Bitcoin Preparing for Major Pain. (Elliott Wave Analysis)
1720 17 15
BTCUSD, 720 Short
Bitcoin Preparing for Major Pain. (Elliott Wave Analysis)

It appears that we just completed an Irregular Failure Flat on the 12H chart. Since this is a running correction it implies very strong counter-trend power so I would expect that we go to at least 190 on this leg down, possibly even lower. This pattern should take 1-2 weeks to complete. It's a very nice, clean count. Perfect Impulsive move down followed by a ...

IvanLabrie IvanLabrie PRO XAUUSD, M, Short ,
XAUUSD: Gold: Monthly downtrend and wave count
1474 29 37
XAUUSD, M Short
Gold: Monthly downtrend and wave count

I decided to expand on my gold analysis with the help of rgmov and neowave concepts. I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart. I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at ...

IvanLabrie IvanLabrie PRO FXY, W, Long ,
FXY: FXE and FXY: Carry trade unwind triggers longterm rally
147 0 19
FXY, W Long
FXE and FXY: Carry trade unwind triggers longterm rally

In my previous FXY chart, I detailed the weekly/monthly time at mode trend signals and with Tim West's help I noticed that the downtrend was expiring during August. After seeing the reaction to this event, I conclude that both FXE and FXY are reversing the longterm downtrend, judging by post pattern behavior after forming a clear bottom. This currently eludes ...

IvanLabrie IvanLabrie PRO AUDNZD, D, Long ,
AUDNZD: AUDNZD: Bargain hunting in an uptrend
160 5 16
AUDNZD, D Long
AUDNZD: Bargain hunting in an uptrend

Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.

IvanLabrie IvanLabrie PRO AUDNZD, D, Long ,
AUDNZD: AUDNZD: Long at support, bargain hunting
110 3 16
AUDNZD, D Long
AUDNZD: Long at support, bargain hunting

Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.

Intuit Intuit PRO LTCBTC, M, Long ,
LTCBTC: Has Litecoin Already Reached The Major Tipping Point?
2012 42 13
LTCBTC, M Long
Has Litecoin Already Reached The Major Tipping Point?

After Completing the Preliminary Retracement Identification Analysis on LTCBTC it appears that it may have just completed a Double Zigzag or Double Three correction. The Count I'm looking at has the peak in December 2013 as Wave v of 3. Down from there begins either a zigzag or a complex three correction, which is followed by an x wave and then another three. ...

Ani Ani EURUSD, D,
EURUSD: EuroUsd
298 0 2
EURUSD, D
EuroUsd

Neutral Neowave Triangle

hehe hehe DOWI, M, Long ,
DOWI: $DJI - the Dow Jones will reach 100,000 by the year 2060 ???
3135 5 21
DOWI, M Long
$DJI - the Dow Jones will reach 100,000 by the year 2060 ???

Glenn Neely sees DJIA high. I am not so optimistic, but according to The Elliott wave principle - the level of 17,000 is within range this formation. IMO we have here the Broadening Top. Feisty lady / Yellen / & end of the year will give us more ...

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