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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.
CryptoCow CryptoCow BTCUSD, 1D,
BTCUSD: Bitcoin and the Triangle of Death
600 15 15
BTCUSD, 1D
Bitcoin and the Triangle of Death

This is just one of several possible long-term scenarios for BTC. I'm not implying it will definitely play out like this, but it is a possibility we should keep an eye on. So if this plays out, we should go down to around 7,1k (point D), then move up to around 8,9k (point E), and then continue down again to the downside of the triangle, and from there drop down ...

sebastian.seliga.7 sebastian.seliga.7 BTCUSD, 240, Short ,
BTCUSD: Bitcoin #BTCUSD - possible scenario to the downside
773 0 19
BTCUSD, 240 Short
Bitcoin #BTCUSD - possible scenario to the downside

It looks like the recent breakout above the trend line might be a fake breakout. This is the current scenario that indicates a possible drop towards the level of $7,721.

BASRAOIL_LIMITED BASRAOIL_LIMITED USDTRY, 1M,
USDTRY: A possible Elliott Wave count for USD/TRY
461 1 6
USDTRY, 1M
A possible Elliott Wave count for USD/TRY

Let us imagine this wave count drives the trend of the USD Turkish Lira!

ruebennase ruebennase NIFTY, 120,
NIFTY: NIFTY50...Decline close to an End??
171 2 6
NIFTY, 120
NIFTY50...Decline close to an End??

Hello traders, N50 may finished a Wave ((3)), Micro degree at 10490.55 and start a countertrend move in a Wave ((4)), developing into a possible Triangle! If this is the case N50 is at forefront to fresh new lows in Wave ((5)) and after that occured, a new advance is able to start. Todays a/d-R was strong at 1.72, but No of traded contracts by Future Traders was ...

sciencei sciencei USOIL, 60, Short ,
USOIL: Overdue Correction In Crude
92 0 10
USOIL, 60 Short
Overdue Correction In Crude

Crude looks like it went up too fast and too far. The latest price action looks like a wedge within a wedge. A correction is likely. This particular trade idea shows a 2.5 / 1 Reward / Risk ratio. S/L & Target are within the green/red box on the chart. Good luck guys!

AndrewDavis5 AndrewDavis5 ZECUSD, 60, Long ,
ZECUSD: ZCash Potential ~35% profit opportunity
185 7 3
ZECUSD, 60 Long
ZCash Potential ~35% profit opportunity

ZCash / ZEC "Potential" ~35% profit opportunity. ZCash is to be listed on the Gemini Exchange today (up 3% since my Twitter post 1 hour ago). Please note, this isn't a coin I've followed very closely, however, recently it has been doing it's own thing instead of moving with BTC's price. The analysis seems to make sense that it has completed correcting, and about ...

tr3mblay tr3mblay TRXUSD, 60,
TRXUSD: TRX RSI is low low low #tron #trx
263 0 6
TRXUSD, 60
TRX RSI is low low low #tron #trx

Damn that TRX RSI is low on the 1 hour chart. I laddered some buys on the way down so hopefully this sucker doesn't dip much further :). That is a 0.618 Fib retracement level so we may see a little more but main net is coming soon. Hard to say what way it will go with the way BTC is going honestly. Best of luck

mekhantilus mekhantilus TRXBTC, 1D, Long ,
TRXBTC: TRXBTC for the next few days
170 2 3
TRXBTC, 1D Long
TRXBTC for the next few days

Based on Elliott Waves and Fibonnacci Extensions, as you can see TRX finished 4th wave a few days ago and aiming for the 1377 target of the 5th wave. We can buy TRX now or wait for a retracement and enter. TP: 1377 SL: 830 P/S: Sorry for publish this to late, I figured out a few days ago.

RealJayJobes RealJayJobes BTCUSD, 1D, Long ,
BTCUSD: BTC: $75k? A Step Back and A Look Forward.
167 0 4
BTCUSD, 1D Long
BTC: $75k? A Step Back and A Look Forward.

Ticker: COINBASE:BTCUSD Time Frame: Daily/3 Years Quick long shot bull scenario after stepping back from the minutia. If all holds well we could see $40-$50k BTC by this time next year with a retracement possible to $12-15k afterwards ending around Feb-Apr of next year. This count can quickly be invalidated if our daily candles close below $6444 before the next ...

cguthrie922 cguthrie922 SPX, 30, Long ,
SPX: My Next Projection For Pre-Memorial Day S&P 500
95 0 4
SPX, 30 Long
My Next Projection For Pre-Memorial Day S&P 500

Wave 3 took off as projected and it appears wave 4 just completed at the end of trading on Tuesday with a perfect 61.8% retracement of wave 3's movement. The next question is where will wave 5 lead? I project wave 5 will occur by the end of this week, which means next week could have some downward movement. Before that drop lets look at the top. My maximum ...

rajeh13 rajeh13 EURUSD, 60, Short ,
EURUSD: 22/15/18 $EURUSD 1 hrs chart
193 0 3
EURUSD, 60 Short
22/15/18 $EURUSD 1 hrs chart

Looks like Wave 4 just completed and we are heading for wave 5 (Major Wave 3). Happy Trading ------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.

bibboyne bibboyne BTCUSD, 180, Long ,
BTCUSD: Bitcoin Forecast - From 7600 to 9600 - Time to catch some profit
137 1 2
BTCUSD, 180 Long
Bitcoin Forecast - From 7600 to 9600 - Time to catch some profit

The weakening of the bitcoin market over the past 24 hours has proven that the bears are still in control of the game. I was hoping for the 8000 level to hold but it did not, which confirms that we are still in the giant bear cycle. So where does it leave us? As you can see from my chart, we are currently traversing inside a falling wedge. I am estimating the ...

moonhov moonhov ETHUSD, 240,
ETHUSD: 2 Bears 1 Bull
473 0 1
ETHUSD, 240
2 Bears 1 Bull

Like I mentioned yesterday in the bitcoin chart, you want to look for all high probability options so if one fails you have a back up. I received a request to chart Ethereum(my first love) so I wanted to show you the 3 options I found. Remember, your job as a trader is to find counts, measure the Risk / Reward, and decide if the trade fits your plan. Above all, be ...

nmkvijay nmkvijay USDJPY, 240,
USDJPY: update  for USD/JPY
52 1 3
USDJPY, 240
update for USD/JPY

This is an update chart for the previous sell trade idea and that is triggered and i exit the position @ 110.6 booked 75 pips(shorted @ 111.35). After i got this another idea, if it is not an ending diagonal from here it may go to again for the mentioned and break the previous high for the (v)th wave. It could be a just extended (v) of 5)th. Watch and trade. I ...

nmkvijay nmkvijay COPPER, 240,
COPPER: UPDATE FOR COPPER LIMIT SELL TRADE
23 1 3
COPPER, 240
UPDATE FOR COPPER LIMIT SELL TRADE

This is an update chart for this metal. I shared this for the educational purpose and it may help for the beginners to learn.

Guerrera Guerrera GBPJPY, 240, Short ,
GBPJPY: GBPJPY Elliott Wave Coverage with Trade Example.
105 1 2
GBPJPY, 240 Short
GBPJPY Elliott Wave Coverage with Trade Example.

Today I would like to share with you how to use Elliott Wave in Trading. Firstly you need to analyze Daily/Weekly chart, what I've done 10 April. Elliott Wave Structure shows us sell opportunity. https://www.tradingview.com/chart/GBPJPY/wCT1SOBW-Five-Ways-the-Wave-Principle-Improves-Trading/ After that you need to go deeper at daily chart to find the right ...

AndrewDavis5 AndrewDavis5 ZECBTC, 30, Long ,
ZECBTC: ZCash potential good buy opportunity - Support Trendline
83 0 2
ZECBTC, 30 Long
ZCash potential good buy opportunity - Support Trendline

ZCash didn't fair too well in the past few hours, Bitcoin's heavy drop today likely didn't help. As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research. Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity ...

rajista rajista RLCBTC, 60,
RLCBTC: #Rlc about to moon!! Wave 3 #iexec
55 0 2
RLCBTC, 60
#Rlc about to moon!! Wave 3 #iexec

Rlc breaking out of the falling wedge and has started another impulsive wave sequence. Wave 1 was till 0.0002555 Wave 2 was a 50fib retrace Now if we get a break above Wave 1 high at 0.0002555, then we can have a full 1-5 EW sequence with Targets: Wave 3 Target: 0.000278-0.000279 (taking as 1.618fib extension of wave 1) Wave 4 retracement till 38.2fib: ...

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