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Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
Guerrera Guerrera XAUUSD, 240, Long ,
XAUUSD: Elliott Wave for Gold, 4hr
172 2 10
XAUUSD, 240 Long
Elliott Wave for Gold, 4hr

If you need any pair for analysis, leave me the comment, I will try to provide.

Guerrera Guerrera EURUSD, 240, Long ,
EURUSD: EURUSD ElliottWCount 4hr
183 6 6
EURUSD, 240 Long
EURUSD ElliottWCount 4hr

Stay long unless 1.1663 gives up

ew-forecast ew-forecast PRO NZDUSD, 60,
NZDUSD: Elliott Wave Analysis: NZDUSD Looking Lower
298 0 9
Elliott Wave Analysis: NZDUSD Looking Lower

Market is not moving much at the moment, so our major view remains unchanged. We are still tracking commodity pairs such as AUDUSD and NZDUSD that may see more weakness this week, while gold stays under pressure. There is also a stock market still in bullish mode which may see more upside this week if we consider triangle possibility on Dax. NZDUSD was one of the ...

CryptoTurbo CryptoTurbo VTCBTC, D,
VTCBTC: $VTC | ABC correction & targets ($btc $crypto)
290 7 4
$VTC | ABC correction & targets ($btc $crypto)

Looking at VTC, it has completed two consecutive sequences of Elliot wave. We just reached the peak of the second sequence so we're due a healthy ABC correction. I've suggested some targets here, based on the Fib-levels of the previous ABC correction. (A) - Last time located around the 61.8-line, applying this again would land us around 22k (B) - Will be just ...

Guerrera Guerrera GBPJPY, D, Long ,
111 0 9
GBPJPY EWCount Daily

Previous resistance is support now

Guerrera Guerrera AUDUSD, 240, Short ,
AUDUSD: AUDUSD ElliottWaveCount 4hr
82 0 9
AUDUSD, 240 Short
AUDUSD ElliottWaveCount 4hr

Don't sell right now. Look for buy when we finish Wave C or above horizontal red line. I'm still bearish in this trade. Stop moved to BE. https://www.tradingview.com/chart/AUDUSD/kNQ8eYz0-AUDUSD-EWC-2hr/

AndyCharlotte AndyCharlotte BTCUSD, 240, Long ,
BTCUSD: Elliott Wave : BTC wave correction
254 0 5
BTCUSD, 240 Long
Elliott Wave : BTC wave correction

here's wave correction are forming . For now I suggest you continue watching what the market does over the next few days

21ivan22ivan23ivan 21ivan22ivan23ivan GBPUSD, 60, Long ,
32 0 6
GBPUSD, 60 Long


melvinljw melvinljw EURCAD, D, Short ,
EURCAD: Short EurCad, Elliot Wave 4
38 0 6
Short EurCad, Elliot Wave 4

Price action in EurCad is giving a very clean cut price action of Elliot Wave Theory. Currently we are in corrective wave 4, which is unfolding as a 5 wave triangle. Trade Idea : Short EurCad 1.486 Stop Loss : 1.496 Take Profit 1.448 RR : 1:4 Will look to long again near 1.445-1.448 region. For Impulsive wave 5

akyong akyong PRO EURUSD, 240, Long ,
EURUSD: ECB to push EURUSD up 150 pips?
408 0 10
EURUSD, 240 Long
ECB to push EURUSD up 150 pips?

After the completion of a 3-wave move down from the recent high at 1.2094 to the recent low at 1.1669 (with an ending diagonal structure), price has been bouncing up and down in a 200 pips range. As long as price remains above 18th Oct low at 1.1729, we remains bullish bias on the EURUSD. Potential targets can be between 1.1940 to 1.1990 area. Stops can be ...

AlexFelix AlexFelix PRO BTCUSD, 240,
BTCUSD: Looks Like We Had a False Breakout
107 0 4
Looks Like We Had a False Breakout

BITFINEX:BTCUSD made a new high but now is going down and I expect the correction that I drew in this chart. I'll hold my position since I expect the price to have one more leg higher before a bigger correction. Let's see what happens and watch for new buying opportunities. Let me know your thougths.

21ivan22ivan23ivan 21ivan22ivan23ivan EURTRY, D, Short ,
27 0 4


aibek aibek AAPL, D,
AAPL: AAPL. Possible wave count. Down then Up
13 0 4
AAPL. Possible wave count. Down then Up

It looks like AAPL is in a large wave 4 correction. It could reach lower degree wave 4 at 142.00 (white) where it intersects with the trendline support (yellow). It could be the last wave down soon. Then the bounce up is expected in wave 5 as shown on the chart.

SPX5000 SPX5000 MSFT, W, Long ,
MSFT: Possible EW Count - Microsoft
19 0 3
MSFT, W Long
Possible EW Count - Microsoft

Microsoft currently trading in 3rd wave which can extend till 112 if wave 3 projects 1.618 times wave 1. Medium Term Target > 112+ Long Term Target > 130+

elyte elyte WTIUSD, D, Short ,
WTIUSD: Will Crude Oil make one more dip before breaking out toward $60?
8 0 3
Will Crude Oil make one more dip before breaking out toward $60?

Crude has been ranging between $38 and $56. Probably embarking on a triangle pattern. If this wave analysis is correct, we could see price dipping toward $45, completing the last leg of the triangle pattern, before making a giant rally to $60 or more. To trade this pattern, one will have to wait for this dip to happen and complete before looking for a bullish ...

Jahid Jahid XAUUSD, 120, Long ,
63 0 2
XAUUSD, 120 Long
XAUUSD Bull ahead

trade with care

Alabaster111 Alabaster111 PRO XBTUSD, 240, Long ,
XBTUSD: Potential Rally After BTG Fork
33 0 3
XBTUSD, 240 Long
Potential Rally After BTG Fork

As the BTG fork approaches my current analysis indicates a potential bull rally after the fork. Currently we are in the 5th impulse wave from the 10/18 beginning impulse phase. Currently the price has hit a support, the point of control of the current volume profile and RSI is oversold. All of which indicate a potential pivot for the last leg in the impulse phase.

adambiers adambiers PRO USDCAD, D,
USDCAD: USDCAD: Is the long term correction finally over??!
30 0 1
USDCAD: Is the long term correction finally over??!

I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down? Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses! ...

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