It looks like we are seeing an uptrend and a downtrend or a correctional wave in the EURO. To determine precisely the targets, we have to wait until the wave A ends its move. But the deal can be done at this point.
wave cycle appears to have completed, correction a/b appear to be forming in a downward channel, Weekly stoch has entered a bearish phase. 'C target' has confluence with 50% fib, bottom support of correction channel, and falls in the termination zone of the directional action.
Hello Trader, Short opportunity observed for ethusd R:R approx 1 to 2.5 Trade with care. Thank you.
Hello Trader, Short for wave C as correction then Long for Bullish Gartley. R:R approx 1 to 2 Trade with care.
Based on the Elliott wave analysis, I'm expecting to see a nice correction towards the C wave lvl - 1.7400 78.6 fib.
FX:AUDUSD Awaiting Correctional Wave ABC Potential correction on Elliott Wave Rules for Elliot Wave Wave 3 can never be the shortest impulse wave Wave 2 can never go beyond the start of Wave 1 Wave 4 can never cross in the same price area as Wave 1 Support Level: 0.7750 Stop Loss: 0.7740 Target: 0.7928 Risk to Reward: 1:5
LTCUSDT has seen a very healthy correction thus far (along with all other top crypto). Lets see if this is the bottom or not. I've since changed my position from a 5-3-5 zig zag correction to a 3-3-5 regular flat. A few weeks ago I missed the top estimate, but nailed the severity of the correction (I think). This seems to confirm to me that LTCUSDT and LTCUSD has...
BTCUSD Tales of the Heroes.. Role Play: Rectangle A The Bulls- Failed on 1st, 2nd Attempt. The Bears - Passed on 1st, 2nd Attempt. EPL SC 2 - 2 MU
Litecoin Elliott wave 12345 we have already seen. Next - correction ABC
Part 3 BITCOIN The third part did'nt take long to wait TR3 is set - 3400-3500. Elliott correction ABC has already worked.
Since my last update on June 23 - 2017, we saw wave 3 bottom at 12.53, which was just below the expected 12.67 target. Since this low wave 4 has been unfolding as a flat correction. I'm looking for wave 4 to complete in the 15.54 - 16.03 area for the next impulsive decline in wave 5 towards 9.98. Stay tuned for a top and new impulsive decline soon.
This might be a sideways (flat) 3-3-5 correction wave of higher level correction. Theoretically Wave C should land somewhere between 3200 and 4000. I think it will be around the major support level of 3625. After reaching C, we must look for signs of retrace, which would convert the ABC correction wave to bearish impulse wave (targeting a lower point around...
This morning BTCUSDT entered my projected buy zone. If I counted right, BTCUSDT just completed an Elliott ABC 5-3-5 Zig-Zag style correction. I feel like It's pretty close to being done as it appears to have finished directly on the overall uptrend line. This point also terminates wave ((C)) directly in the middle of FIB 0.618 and 1.0 of wave ((A)) which are two...
There is a volatility within the current market strength/movement of XVG supported by the current BTC up-trending price. Keep your eyes on BTC price. Trade safely, good luck. For more info, Verge (XVG) website: vergecurrency.com Disclaimer: The market predictions and ideas I post are of my point of view and depends on what I see (according to the market...
- Here we can see an ongoing accumulation in progress after the end of Elliot Wave Correction Wave (C). - Price has reached the bottom and retracing up is the next move for the market (depends on the points mentioned on the chart). For more info, Verge (XVG) website: vergecurrency.com Disclaimer: The market predictions and ideas I post are of my point of...
Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities. US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull...
With ETH not responding to the recent short term price action in other AltCoins and BTC, I went in search of reason(s) why. Ultimately this lead me to a comprehensive data source with all of ETH's price history. This then led to a full revision of the wave count for ETH. Here's the bad news, The recent high near 400 marked the top of a 5 wave structure completing...
harmonic pattern and Elliott wave completed on same price.