Parallel Channels, Elliott Wave Count & Cypher Harmonic Pattern in BTC/USDT Weekly Chart.
Elliott Wave Count and Parallel Channels - Tesla Weekly Chart
Elliott Wave Theory & Bitcoin chart in Weekly time frame.
Price action and chart pattern trading setup: > A potential ABC correction reversal pattern with MACD bullish divergence below baseline > The price is currently trading between SMA20D vs SMA50D > The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern > Entry @ pullback SMA20 zone > TP1 @ bullish inside price action combo +25-30%...
Unlike ICT im into elliott and i have seen that any method to market can work. You just have to learn and study the whatever the approach very well. Any method will have good and bad sides you just gotta know them well. SMC is A way not THE way. Algorithms or robots or AIs or liquidity or stop hunt are just different names for the same market moves. There are...
In previous post we mentioned the buy side opportunity and it was a model without the taking considiration of htf bias. Bias is bearish and even though it is from a chart which was a false one. it gave the idea that htf bias is soo important. As smc mentions it a lot. that is a great example if you dont take it into considiration. Even though the strategy is right...
Honestly, i should wait for more confirmation, let the wave or pattern formed, but, here's a speculative plan on XAUUSD. Trade safe, Guys!
I use DJI version because there's so many peak and trough (High and Low) that break, comparing to other versions.
Bitcoin appears to be in its last corrective phase in a macro elliot wave pattern. Credit to LevRidge's Idea www.tradingview.com and the Elliot Wave Indicator by Absolute. Which in turn bitcoin is at or about the zero point and ready to start the next bull run and new wave.
It seems that wave 5 is over, which can be a part of wave A or 1 of the corrective phase. The index has reacted well to the areas determined for the completion of wave A and until the bottom of the hypothetical wave 5 has not been broken, this analysis is valid. The red boxes are the ideal areas for the end of the hypothetical wave B. Happy dollar days are coming..
In the short term, FCPO will very likely retest its trendline around 3930++ and hence completing its 3 waves structure in the B. A break below 3815 would invalidate this assumption and suggest that b is just starting. Disclaimer This is NOT buy/sell call but for learning purposes.
My previous idea on Dow Jones Industrial Average Index was Bearish Continuation (Looking for new low). Here's an alternative for bull run.
Expanding Diagonal of Wave A, minor uptrend since September 2021, in my perspective was Wave B.
Nasdaq is forming Ending Diagonal (3-3-3-3-3). Invalidation level is at Wave 4's Terminal. It's possible wave 5 will overthrow. Trade safe, Guys. This is just my perspective, if there any principle that have been broken on my idea, im open for criticism.
My previous forecast on XAUUSD was bearish continuation and looking for Lower Low, this is an alternative for Bull Run, key level on lower timeframe by using Andrew's Pitchfork was 1914 then 1860. Trade safe, Everyone!
Looks like the counter trend up move for Crude Oil is currently in progress and from an Elliott Wave perspective we are seemingly in W.C of the Flat correction . The minimum upside target has already been achieved and the market seems to be heading towards the white resistance zone , which will also act as next target area.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Swept the low, by a few dollars, then swept the high by a couple hundred dollars and pivoted, atm. Going to be watching this range, seems like this placement has...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Looking at the move up from 16679.52 in a bubble seeing things as a possible impulse up atm, BUT holding here and moving away is the ideal scenario. A Break below...