Apex level as confluence of the Expansion WXY with the Triangle Pattern gonna be my sell zone. If price break 12750, consider to stop selling, might up to 135xx.
This idea is only for educational purpose, and just from technical perspective. I know nothing about the fundamental analysis.
We are in a correction, the probability of falling to the desired range, and after climbing to the previous peak, we predict
Waves 1 and 5 are equal. Since wave 3 was powerfull, im thinking this could truncate here. And actually do a proper corective move upwards. 4h divergence in play.
GBPJPY has failed to hold below 164.38 which failed my bearish conditions and has changed my view on the price movement. GBPJPY has been bullish for the past 1 week and I think it is consolidating so it can move higher and at this point, I am bullish biased on this pair and would recommend everyone look out for buying opportunities at 164.00 - 163.70 region. 👉...
From a technical point of view, this $altcoin could remain interesting in short term, that said, if we look at the daily chart, $SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily close). Trade with care! 👍 ...and if you think...
A possible ABC correction after finishing mega leading diagonal wave pattern: Wave B target 0.5 - 0.618 retracement of wave A and EMA 20 week resistance A possible false breakout EMA200 week Wave C - Targeting 0.786 fibonanci zone of major Wave 1
From a technical point of view on hourly chart the trend is bearish again, so it should be correct to try to take a short position on corrective structure which should appear in the short term. If there will be the technical conditions I will publish other updates in the section below. Trade with care! 👍 ...and if you think that my analysis is useful,...
DAILY CHART Combination wave 4 completed? What do you think?
Im of the opinion that only the first leg of potential wave 4 is in. This could be a micro inner wave 4 before xrp hits a larger one. Wave 2 lasted for more than a month. Expecting simmilar for larger 4. Yet to see. Anyway, demand zone is here. Waiting for a reaction and divergences for a cleaner entry
Wave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup > The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone. > Now with multiple false breakdown, possible pinbar long entry setup pattern. > Target Zone: 0.618 - 0.786 Fibonanci...
waves 1 and 2 are done... Welcome to the wave 3. Full send.
Analysis based on Elliot wave theory. price move within a downward channel. the projection is to sell the 5 wave of Elliot wave count.
Wave analysis and chart pattern projection: > A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout. > TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+% > MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
we have elliott wave truncation so we expect a reversal and search for " ABC corrective waves " selling opportunities _____________________________________________________________ don't forget your risk management follow for more :))
Helloo and welcome to this analysis In the weekly chart we can see an ABC from ATH to ATL This was followed by a diagonal which for now I have plotted as a Leading Impulse. A bearish diagonal would mean that the preceding ABC was a W and the diagonal was X. The decline after completion of the diagonal is also in the form of an ABC which could complete its path...
Hey Traders, this is GBPUSD Analysis and update for all of you, is it forming an Ending Structure or a Leading Structure? You can trade any of the above waves if you get your setups. I will be looking for sell setups from current levels or above the top/Reaction zone. DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone...
This analysis is based on Elliot wave theory. Am looking at selling the 5th wave of EWT impulse. The wave 4 ends already (flag chart pattern).