Those of you that know Elliot Wave theory what do you think? Looks to me like we have been in a correction since may 21 and are about to continue upward trend?
Based on this EW count S&P 500 correction is likely to be OVER! If this is indeed to be true, S&P 500 will make a new ATH completing the 5th and final wave of this current bull market cycle.
#HDFC forms a triangle as there are 5 corrective waves in a triangle of the Elliott wave pattern. But playing a triangle is not as easy as it seems. A triangle can break at any side, i.e. 1. The full move can be a triangle 3,3,3,3,3 2. The full move is ABC in which B can be a triangle. How to trade this triangle? We can make a short position in HDFC from...
Looking at the hourly chart on the USDCHF, the pair is in the last leg of a 5-wave decline, with decreasing momentum, as evidenced by the negative divergence. This should be followed by a three-wave correction. While we do not rule out one more down move, we prefer to go long at market with a stop at 0.9575 and a take profit at 0.9770.
Brent oil waiting for launching new target still on correction wave area will be move soon
GBPUSD Looks like we have completed the complex correction i mean a double correction which is wxy ! i feel we will move towards the upside and bottomed out too :) as long as hold above my stop loss looking for a buy !
As we can see that we are having a nice corrective structure on GBPJPY for more downside. If you are in the trade from top great if not then wait for lower time frame confirmations and sell setups before getting into the trade.
Wow it looks like we have completed the 4th wave and it should move towards the 5thwave for the downside to my target levels ! let's wait and see how it plays out , tight stop loss
China's approach to the end of the closure helped increase the demand for commodities with an improvement in risk sentiment, with which the demand for the dollar declined, and supported the Australian from its last bottom at 0.6829, up for the third day in a row technically The expected waveform arrangement puts an end to the first impulse descending wave,...
If we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave. In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave...
USDRUB Complete the Monthly Wave 5 with Expanding Ending Diagonal. Now we have correction ABC or Downtrend with 5 Waves
Pound seems to be moving as we predicted 💵💵💵😊💵💵💵👇 Wishing you all the best...💵💵💵😊💵💵💵
There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility. This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle....
Now it all down to one single scenario THE EXPANDED FLAT scenario!!
Hi According to previous analysis 3 days ago, bit fall to 30 k. This decrease can reach to 24 k at the first stage. Have good trade
With this most recent drop, everything clicked into place. Eureka! Triangle is off the table, huge 1-2 as well. The only real alternative is long term top in or that this whole thing is not an abc, but a wxy -> same target, just different internal structure. We'll see how this progresses, but this has a very high probability of playing out.
Wave A of Y is completing. After completing the 2orB correction The wave, the price starts to rise.
Hi A correction of Dax is not completed and we are in double zigzag correction. By the Elliot wave analysis, the entering point of sell opportunity, stop loss and take profit is shown on the curve. Have good trade Yours