Currently looking as if we are going to form a diagonal triangle formation. Make sure to look for an ABC subwave for wave 3 and 4 before assuming that this is actually a 3-3-3-3-3 pattern as wave 2 is not clear. If confirmed on wave 5, we will likely see a strong corrective wave and possibly a continuation of the previous bear market. Will need to confirm first...
Hey guys , if any of you trade stocks , i would recommend to find an entry on TESLA stock shares , it looks very nice Expanding Diagonal on it and may go at higher prices based on the Elliott Wave outlooks. Goodluck!
Its amazing to see how almost identical litecoin is to bitcoin when it comes charts and pattern. Here you can see a macro version of a diagonal wedge (triangle) of Litecoin. It also broke down after it burst open.
BTC APPEARS TO HAVE FORMED AT THIS POINT A DESCENDING TRIANGLE AND IS LIKELY TO HAVE ENDED THE WORST OF THE CORRECTION UPON BREAKING OUT OF THE TRIANGLE. 8727 RANGE IS THE MOST LIKELY PRICE LEVEL FOR SUPPORT TO RESULT IN AN TREND REVERSAL.
not sure about the take profit.. still think it's an uptrend but a little scalp doesn't hurt anybody. proposed take profits 114.608, 114.334. Trade safe.
just trying this out as I'm getting into Elliott Wave. I'm already short EURUSD following this idea :https://www.tradingview.com/chart/EURUSD/TLXBIYUI-EURUSD-Short-at-the-fibs/
Since becoming public at the bottom of the financial crisis, VISA had a pretty good run gaining more than 500%. But it looks tired and ready to head south. Under the Elliot Wave Principle one can make a case we are wedging higher in a Diagonal triangle, an overlapping structure that should end with a thrust above the upper trendline with heavy volume. Once it...
We have a subwave 5 push to explain the continuing trend, possible correction to the downside.
TP: 50.20 (approx. 3R/R) Pending Entry: 46.05 (Limit Buy Pending, Aug 30, UTC 16:19) SL: 44.60 (1.45 = 1Risk)
The advance we have since early February is getting tired with the bulls showing signs of fatigue everywhere. Using the etf IWM that mimics the Russell 2k, we see many signs of exhaustion: Oscillators are diverging, volume is lessening, the wavers can count 5 up but the most powerful sign is a rising wedge ( a diagonal triangle under the Elliot Wave Principle ) a...
Idea is based on a combination of Elliot Wave Theory and Median Line Analysis. The rationale behind this technical analysis is shown on the chart along with specific targets. Good Luck
Friends, Since we discussed about #ElliottWave's Diagonal Triangle earlier today, then touched on the Shark and its acolyte the 5-0 Pattern, I thought it might be good to look at another example of these, which seem to line up into a Short opportunity in the $USDCHF pair. FUNDAMENTAL: ECB's RATE DECISION, WHAT IT MAY MEAN TO THE CHF RELATIVE TO EUR: Now, on...