Currently, there is a diagonal triangle. Could be wave B of wave 4 of last impulse OR wave 5 itself. So we will see soon.
I see a 5 wave Elliot Wave Theory completed at 5k with an A-B-C retracement that took us down to 3k. This is when Dimon and friends called bear and started buying. It looks like we completed the retracement and are now in the middle of another 5 wave bull. Using fibonacci levels extended from our old ATH of 5k to our low on this retracement of 2950, the 1.68 puts...
If you are looking to 'go long' then this might be your chance! Well worth a try, with a tight stop, just below the current (2) (not drawn on the chart) would open up a pretty nice chance/risk ratio. Based on this analysis and despite the news of the past few weeks the next MINIMUM target will be $5375. I will keep on updating this trade as I have opened a...
Waiting for confirmation of wave 4 ending for entering SHORT. This will be last move down for CAD, then probably go UP
Hi Guys, This one is good, Look for reversal, down move is expected to complete internal corrective pattern, it can be either running or expanding, for now look for sells. Thanks G L.
It seems that wave C is not over. This correction could be a wave 4 and we now in the beginning of wave 5 or the entire correction pattern was double Zig Zag, not an extended flat. Or the wave C is extended. I also suspect this current UP wave is global wave V, not a correction, but with very deformed wave 1 (looks like ZigZag from level 3000). So strategy,...
Here we see probably in ending of wave C and we still should make last wave 5. A final move UP
Hi Guys, I'm seeing this up move as part of corrective structure as c wave, so look for reversal to downside after some more upside & then sell Thanks Good & Luck
Next move depends on what kind of correction is wave (Y). If is ending diagonal triangle then we will fall soon. If it is a ZigZag and triangle is a wave B when C should be next move up. Anyway, we have a clear invalidation levels here.
My last BTCUSD post turned out pretty accurate. I believe we will be seeing a correction towards $4200 starting very soon following the primary pink path. HOWEVER, if we break past ~$4650 I believe there is a good chance we can see the secondary purple path which rises to ~$5000 before starting the ABC correction. ** Comments and critiques always welcome...
We have WXY correction, and bitcoin will probably fall. I will recommend to close long positions and wait for wave C over. It might be a zigzag or twiangle. We will see. From the technical side we have Head and Sholders indicates ending of wave C in (B) and a beginning of new trend down. Target will be 3000. If we go up from this level expecting a good trend up...
Looks like correction of EURUSD is over soon. Also we see good MACD divergence common in wave 5 ending. But we need a confirmation. This confirmation will be closing below 1.183.
Hello Traders The Short opportunity observed for a triangle ABCDE and then Long opportunity observed for butterfly tp1 tp2 tp3
OK, I am confident (75%) that wave 2 is complete at around 1750 sats - so referring back to previous analysis Wave 3 has extended to 2.271 FIB level, in this case 5500 satoshis. It is a big call. Fundamentally: 1. The market reacted negatively to the postponement of the coin burn, BUT it is still happening 2. A number of events scheduled for October which could...
FX:AUDUSD Awaiting Correctional Wave ABC Potential correction on Elliott Wave Rules for Elliot Wave Wave 3 can never be the shortest impulse wave Wave 2 can never go beyond the start of Wave 1 Wave 4 can never cross in the same price area as Wave 1 Support Level: 0.7750 Stop Loss: 0.7740 Target: 0.7928 Risk to Reward: 1:5
As mentioned in previous posts, it looks like we're soon headed to $41 before seeing some pull back to $35. Afterwards, we head to $52. There's likely to be strong pull back upon nearing the ATH. Will reevaluate direction from there. This is based on the two superimposed major and minor elliott waves (blue and purple lines) that seem to be forming. I'm waiting...
We seem to be in Wave 3 of an elliott wave starting in mid july (purple line). Within this Wave 3 we see a smaller elliott wave (pink line) in which one of two paths is likely. Both possibilities are likely to hit ~$4650 before seeing some resistance. There seems to be good support at around $4225 so if we see some downward trends in the next few days that is...