XLM/BTC is, in my opinion, showing signs of a 1-2-3-4-5 Elliott Wave cycle in the 2h chart. The 3 rules that an Elliott Wave has to follow are: -Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. -Rule 2: Wave 3 can never be the shortest of the three impulse waves. -Rule 3: Wave 4 can never overlap Wave 1. All of the rules have been, so far, perfectly...
There is a relatively clear Elliott Wave structure on the lower timeframes and it certainly looks like this market is pointing up for the next few weeks or so. I am looking to buy on any minor retracements as long as $812 can hold*. We don't really have any divergence on the 1h chart, but may have when (iii) is carried up into the potential resistance zone....
LTC perfectly formed the pattern of the wave projections. Remaining only to solve the 5th. Wave (USD 600.-) We'll see if the AT works. Good trading for everyone!
ETH is approaching a major testing of a current support line near the 0.04 price range. Potential 5th Elliot Wave to come if support is found and the trend line remains unbroken. This would be a good setup for a Long. On the other hand if support around the 0.04 price range is broken, expect a Retracement to the lower Fib line. This would be a great setup for a...
Update to an idea posted earlier. I missed a Bullish Divergence that would have indicated the current price jump was about to happen. If this upward movement holds, consider ETH to be in a 5th wave. Happy trading!
From current analysis, it looks like we are in the 5th wave of this rally but not quite done yet. Comparing the previous rally from August to September... the levels of the wave 1 and wave 3 are similar to the current rally. Trying to estimate the end of the 5th wave, I looked for the level reached in the last rally which was just above the 4.76... RSI levels...
Looking for wave 5, while HD breaks out to new highs
Looking for 5th impulse wave, while PCLN in consolidation
NXC is getting ready for it's 5th wave for a big 50+% move
The Daily chart seems a little confusing as far as structure. Zooming out to the weekly we can clearly see that price wants to go up for one more move. I`m not sure how far it would go but I don`t expect it to go way above the 3rd wave top. After the 5th wave is over, we should see a deeper zigzag correction to one of the support levels (with yellow dotted line),...
See a potential elliot wave, wave 4 retraced perfectly off wave 3 retracement for a bullish set up right no support
Dollar looks like it's strengthening, elliot wave 1, 2, 3 have been complete waiting for a retracement to either 23.6 or 38.2 fib. With targets at red box
Market is expect to reach previous lows, and complete the 5th wave of the elliot wave, For now only sells are smart until prices reach the low.
Looking bullish now to start the 5 wave, with targets at or near cypher pattern area.
brexit whay? Don't get caught in a pickle. Use SL and be responsible. These events are when accounts get blown, or doubled. Pick the right side!
Hey guys, Here's a perfect chance to make some pips on a short position. 5th wave extension turned into an ending diagonal. I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave. Carlos
Looking for the GBPUSD to make a reversal here. A perfect Cypher wouldve been at the 78fib, but the Order Block is up here. Looking for a 5min ICT reversal pattern