This is the
Primary wave 4 of wave 3 (particularly the C wave)
Expecting
target 1 1.04
target 2 1.06
Then continuing for Primary 5
Note: All 12345ABC start with the Primary Cycle
Triangles are always a treat to find on the charts. This is because the pattern provides an entry signal that is clear and easy to execute.
In Elliott Wave Theory, a triangle pattern consists of 5 internal subwaves, ABCDE. When those subwaves are complete, a break of the triangle is expected in the direction of the trend that occurred prior to the triangle. In...
Based on the chart, $BTC has been corrected to 20,700 which is above 50% fibonacci retracement. So, in the short term TF we might see $BTC trading range tightened in 21,700-23,800 range. If breaout from 161% fibonacce could take place, we might see a bulish continuation to 28k - 29k price range.
This TA is purely my personal opinion and is not financial advice. keep DYOR
This is the
Intermediate wave 4 of wave 3 (particularly the C wave)
Intermediate wave 3 is also the extended Minor wave 5 ((all within extended wave intermediate 3)
Intermediate wave 3 is also the extended minute wave 5 (all within extended wave intermediate 3)
Expecting
target 1 131.9
target 2 127.5
Then continuing for intermediate 5
Note: All 12345ABC...
Matic seems to be done with the W1.
If the c wave bottom is in as my chart suggests then we are coming back into W2 now or after $1.17 tests.
The W2 can finish around .55c-.62c to retest B wave of the 1 shown off the lows of the triangle.
Either way this move looks exhausted.
If the C wave is not finished and this move up was the 4th of the 5 down for the C...
I published bullish idea but also have bearish Idea that needs to be pointed out. There is a bearish order block near near 29-30k level that is confluent with .386 of the high of 1st macro pivot. Also, another target at golden pocket of local pivot with .386 of macro high. It would make more sense that a zigzag (5-3-5) "should" have equal size leg (1-1 extension)....
GBPJPY is on upside but as we know the market move by forming Highs and Lows (wave form), I expect a little bullish before starting to fall then after it will continue with it's trend BULLS with a high momentum
To continue on from the wyckoff accumaltion posts I have shared, I now believe the "Phase E" of the wyckoff schematic is in full swing and the new trend has begun.
As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my...
OANDA:EURUSD
Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995...
Bitcoin entered a distribution zone(down flag formation) again. It has a higher chance of breakout down again to complete an Elliot Wave Trend.
(Not investment advice)
