KSM has been channeling beautifully, unfortunately it appears to be doing it correctively. A pattern like this leans towards a higher probability of connecting to the downside, tread with caution.
Two bearish divergences have printed for TP signals on the 4hr TF with the 1st one printing a hidden bull divergence thereafter signaling continuation to the upside....
Welcome to NewWave Traders
Here you will find that I use Elliott Wave as my main pattern identification system, however I pair it up with 3 other components to create the NewWave System that allows me to navigate the market the same way, thus providing consistency in my trading results, confidence in my execution and makes trading much more enjoyable and...
This is the plan based on the daily data tracking back to 1877 (my projected beginning of the Grand SuperCycle for you EW followers). Looking at a solid market top around the month of April 2022. I have charted the likely ups and downs to it. For now, looking at a near-term top around this Friday at noon which should begin a roughly 13-15 trading day drop of about...
Hello Traders,
In this Elliott Wave analysis, we will have a look at EURJPY in the 1- hour timeframe.
EURJPY short-term suggests that the decline to 126.63 on 6/19 low ended blue wave (2) pullback. Up from there, blue wave (3) remains in progress as Elliott wave impulse. The internals of red wave 1 is unfolding as a leading diagonal with sub-division of...
I'm still learning this thing y'all. My last chart posted uses the same math, but this one makes a little more sense ( and looks a bit prettier!).
With volume dropping, and clear support on the 10444 top fib line, I can see this continuing to shake and roll in this little channel. If BTCUSD decides to get it's act together, we can get a lift to the 5th extension...
Estimation of potential Elliott 5-wave + ABC correction. 5-point move up followed by 3-point move down. "A" should line up with "3" and "C" should line up with "5"
Alternate move:
Elliott wave does not complete, sideways consolidation action occurs instead, great swingtrading potential within the 43% sideways channel
The impulse wave is just about complete and price rallying upside in a corrective response. A break above the falling channel is something I will look out for. Breakout and pullback entry method is also good. There is a potential rally to 1.35.
Thanks for reading. I hope it helps.
