AUDUSD has bounced from a yearly low and is starting to show signs of a reversal pattern. Waves 1,3,5 are impulse waves which you can see broken down in the 5 wave (light blue). Waves 2 & 4 are corrective ABC waves (pink). The purple shows the completion of the first 5 waves which represents wave 1 (white) of a larger Elliot wave cycle. Wave 2 (white) would be the...
this is the last wave! this wave must be an abc pattern with 3 sub-waves, and then the downtrend begins...
A question traders ask themselves a lot, especially options traders is WHEN exactly price will hit certain targets. By using a Fibonacci timing tool that uses a high as point 1, a second later high as point 2, and the low in between them as point 3, we can project Fibonacci extensions that indicate potential trend reversals, or in this case aggressive extensions...
Matic seems to move in these corrective patterns. could see as low as 0.00700. but if btc stops around 7.4k. matic should be safe above 0.00900 with a new high after
we should see one last wave down making 5 waves, it wont look as clean as my waves but somewhere we should make out 5 of them. in a bigger time frame this would be completing a full ABC correction. i will link my chart i made back in july and have been updated with this correction. once this plays out. in a few weeks ill be updating as the bull market moves on
CADJPY Setup: Double Bottom Confluence: ABC BRN CRS Entry: Buy @ 80.95 SL @ 80.65 TP @ 82.00 TAYOR Let me know what you think :)
If price breaks above B wave then enter trade long up to resistance. Price is in an ABC pullback as can be seen, we want confirmation that price will continue up, this confirmation is the break of B wave, however needs to watch price as we can see if struggling on the weekly 200ema. Be patient and wait for the break
Volume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A...
AUDUSD If price follow this ABC pattern, and if B leg already ended, then price going to fly. Conservative target: Retest of A. Invalid if the structure broke lower. Entry: Buy limit @ the right shoulder @ 0.6780 SL @ 0.6750 TP @ 0.6900 TAYOR
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Furthermore, he found out that this 5-3 Elliott Wave cycle can be found on all degrees of trend. It stays the same, regardless of whether we are looking at a yearly or a five-minute chart. www.profitf.com www.profitf.com
BTC dominance appears to be within a Bearish Pennant... This is my current count here... Also within a Rising Wedge... 5Day Bearish Divergence with Declining Volume at the top of the trend line... I expect BTC to decline in dominance within the Crypto Market cap within weeks if not days.
(Using the BraveNewCoin Liquid Index for Bitcoin (BLX) on a Monthly time frame - log scale) Are we in a Massive Macro Elliott Wave that started back during our first bull market in 2010? If so are we seeing an ABC formation and will it be a Flat ABC formation that takes us back down to the bottom of our bear market of 2018? Or A Zig-Zag ABC formation that...
Looking for a continued short in the AUD/NZD, Daily is continuing down within its channel. 4h is performing an ABC pullback in a triangle formation, a break of this will show a continuation to the downside. Will be entering the trade on the break of B wave, short trade down to the support level where i am expecting a bounce
BTC is reaching a key point of support and Fibonacci level. A significant bounce would be expected at the end of Wave C and Wave 5 anywhere between $9 - $9.1K (1.272%) After that counter-rally it will be time to re-evaluate to see if the major correction is over, or if this is just a breather before further down side. ($7K-8K range) A 40% total correction is down...
Here we go again! Expect bearish next week, brief relief rally after FOMC, possible retest ATH; then the real drawdown. Just another crackpot idea; trade at your own risk! GLTA!!
Looking back at my previous assumptions in regards to this Elliott Wave pattern and in combination with the Ichimoku indicator, I initially underestimated the depth of the correction and thought that we may have more support in the form of a Kijun bounce before making a move into the cloud and a potential edge to edge move once within the cloud. While still...