looking at the completion of a possible C leg of the wave. main trend line is ascending and the corrective wave would lead toward the lower uptrend line, if support near point A is broken, after weeks of being tested.
Daily chart show me that EURAUD at the start of wave C. SL should be above last March high around 1.62000 TP around 61.8% fibonacci retracement around 1.46000 Good luck
The S&P 500 is set to drop over the next 3 days. Based on Elliott Wave Theory application. Based on my calculations, the index should bottom out around 2767.51 during the middle of the day on Friday July 20, 2018. This is a quick and slight pull back. We are in the final stages of the 9 year bull market and playing every dip will certainly pay off. I expect the...
The chart clearly indicates the pair is in corrective wave pattern It is also going to retest the long term broken support trend we expect the pair to be strong selling pressure after the resistance with in channel reacts well...
The daily chart of EUR/USD has formed a Full Elliot Wave. As per our analysis,as long as the the price point A withholds,we expect the pair to make the ABC correction in the form of a triangle. When it breaks the support level of 1.15088,we expect a fresh leg of downside, in the form of an Elliot Wave, in the counter.
Fellow traders, here is my updated idea on what the Dow might be in for, given unfolding patterns- although small Elliott 'microwaves' have appeared in the past week, they are chaotic and unreliable; instead we have what looks like a truncated flat contracting 'B' wave in A-B-C Elliott Wave correction; An argument can be made for a minor 1-2-3 impulse over past...
Big downdraft from 25402 -> 24407 knocked 1395 pts off Dow for correction wave A. Reaction wave B ongoing now completed subwave 1(up), 2 (down) with the green hammer Doji Monday. Shown in more detail in this idea. Subwave 3 can carry index as high as 24686 before Wave 4 reaction retraces, possibly as low as 24440, but not below subwave 1 top. Subwave 5 can...
Analyzing BTC price movements from the top as corrective waves A,B,C,D,E. The small red box is where I anticipate our higher low to end up. I believe the next few days are crucial in determining overall game plans and hoping for the higher low scenario to play out, as opposed to a new low... If downward E slope breaks through the positive support slope then it...
this what i think the any three wave joined by the the 3th and the last corrective wave of the correction to continue to drop down
Now, there are several bearish patterns that have emerged in the DAX chart. The 5-wave count and the H&S pattern with a descending triangle are all very bearish signs showing the correction is not over yet, and there is still plenty of room to fall for the DAX. Look to enter a trade after the break of the descending triangle pattern, which is also sitting at the...
First off let me say I am not a fan of Elliott Waves, now I know some traders rely solely on E.W. but as time goes on and they gain more experience those analysts will eventually come to the same conclusion as I have. Elliott Waves are subjective , I rely on very little wave analysis, I do take it into account, but I never base a trade solely on them. That being...
It looks like we can seperate 2 wave counts, which means a larger 3th wave should be forming right now. It could also take less time for this correction as the coin has gained more status and attention, and clearly more market share. This could be a short, but as I said, I am not sure how the correction will develop... last correction had a 50% retrace, so,...
Hello. According to my analysis, Bitcoin is now in wave (2), which should conclude in a bottom at 8600, where Wave (3) will start, concluding at ~14360. This is not trading advice, do your DD and so on. I always appreciate criticism and feedback, so if you have a question, feel free. Happy trading!
BTC is currently bouncing on a 618 fib and prior structure support. If this bounce doesn't hold, we could be looking at an ABC correction here on the 4h to strong support levels right above 9k: 9000 being resistance on the way up now coming in as support along with some prior price structure, multiple fibs, and possible trendline support coming down from the...
Bitcoin has been organically bullish since April 17th, 2018, which is where I'm personally declaring the bullish trend has possibly started! As I mentioned, I like organic growth. I despise, whale & HFT pumps on any crypto and I never account for any of that to be real on my technical analysis. As much as I'm a bear, the high volume in the last 5 days is proving...
starting wave analysis , checking if i am labelling correct . Expecting bullish usdjpy
Continuing from the MicroAnalysis I just posted, BTC is most likely looking for a healthy pullback and consolidation soon. This is one option for flagging out a pattern before further decision-time up or down: an initial ABC correction down to the 382 fib and the prior price structure support near it before attempting higher. Expect multiple head n shoulders and...
Elliot wave analysis, wave patterns, fib levels.