As expected price go down to for wave B. Base on my elliott wave count, wave 5 (yellow color in chart) need to be complete for finish the correction wave B (red color in chart) after that we can see price move up to retest 1800 for wave C. This is my opinion, if you got any idea pls comment below
Chiliz into an ABC correction after a leading diagonal impulse to the downside. I entered long here with targets into the box. I will update TP after I see more price action, but I am expecting to hit 0.5 or 0.618 fib retracement of the impulse. If you like my analysis subscribe for future updates and give me a like. Good luck and thank you!
Checkout my previous post price reached retracement target 61.8% today market main direction or motive is down target 1680 to complete correction wave B (red color)
Price action and chart pattern trading setup > A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone > Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation > Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12% > Stoploss @ the lowest position...
Egold may push higher after a laeding diagonal and now ended a flat correction. High chance to be if it break up the 4th wave that formed the C wave. Good luck!
Price action and chart pattern trading setup > Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario > Entry @ 2-wave bullish wedge breakout and EMA10 TF24H > Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40% > Stop @ the lowest 2-wave position...
Bitcoin may start to push higher. It broke the trend line and may start a 3rd wave.
Chliliz ended a 5th waves move to upside and now I think it Will go into a correction phase ABC flat pattern. It will be extended we will gonna see. I entered long on CHZ with targets into the box for an other ABC correction that will be the eave B from flat correction. Good luck!
Unfortunately, stock markets are where they are, and we cannot force them to move in a particular direction. We see a neutral status at the end of the summer, but this volatility may come back in September. We may see some interesting price action already this week when US will release its important jobs data. Fed watches this data closely, but what’s important is...
Elliott Wave Projection - Price action and chart pattern trading > Bullish Wedge Elliott Wave downtrend channel breakout > Key resistance SMA200 > TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point > TP2 @ 0.5 retracement - upper resistance of key volume profile zone =...
Price action and chart pattern trading > Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern > TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside > TP2 @ 1.618 extension of wave D +18% upside > Stoploss @ SMA20 - 6-7% > Risk reward ratio: 2.5-3:1 Always trade with affordable risk and respect your stoploss
Bitcoin I think made an leading diagonal that may be a wave 1 or A (green count) and it can use it to move upside for a 3rd or C wave. This impulse to the downside may be a wave 1 or A. Anyway I am expecting a move up to the 0.5 fib retracement to make a B or a 2nd wave and than will see how short it will go. If bounce from the zone somewhere 18600 and take B...
I got 2 opntions. Pls check on my post for other option. For option 1, if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710. Option 1 current wave is correction wave ABC (red color in chart) that wave B is not complete yet. Target for wave B is not confirm yet and will adjust base on what...
DOT may start to push higher for a C wave after a 5 waves impulse to the downside. Price bounced into the 0.5 fib retracement of wave A. Target for C wave if B is completed 8.167 - 8.656
Ethereum may have been completed a flat correction that I think is a 4th wave. Wave C needs to complete 5th wave from an ending diagonal. Also we have RSI divergence here so I am expecting to see a downside move from 1650 zone where is 1:1 proportion W vs Y. Enter short on the break below 4th wave from this ending diagonal C wave