QS big moves upward Elliot wave - target $110 then ABC
Hello all, A quick update, the smaller degree wave (v) could be in play. Price has bounced of a possible wave (iv) count around 1831-1832 (38.2%). If the wave (v) is in progress then I expect the price to drop back out of the marked sell zone. Please refer to my previous ideas which are linked below. Follow for further updates. Trade safe, Beyond Edge ...
The daily chart above shows that Gold has been in a corrective phase (bearish cycle) since August 2020. This correction started after a strong rally that sends the precious metal to an all-time high. The bullish chart pattern makes Elliot Wave sense and suggests that XAUUSD could be poised for a move higher over the final weeks of 2020. The pattern on the...
🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a ( w-x-y ) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this...
This is my first EW analysis. I think it looks proportionally accurate with the exception of the shallow Wave 2 and the deep Wave 4. I'm also unsure how to calculate the slope of the Wave 5 impulse. Thanks for any feedback!
Did some Wavecount identification done by eyeballing a custom indicator i (for this purpose) fantasized into reality, look below the main chart. If this wave counting stuff ends up to be correct,i will start to believe in Elliotwave. Personally i think we go DOWN, but elliot says different
Been holding this chart since 9th July. Bullish till $44/$45 and then we may see the continuation of the Elliot wave pattern (ABC) Why $44? Because that’s where the 50MA hangs on the weekly chart. Or we could just continue to go up, whatever the case I will follow what the chart is telling me. Only looking for buying opportunities in this market since we are...
Patterns equal legs target, wave theory . 1.236 = C . 1.618 if C isn’t complete.
Possible 1,2 complete. Wave 2 holding .618 above $210. Equal legs target $238 possible within 3-4 weeks conservatively. Target of $256 for wave 3 1.618 extension. Targets invalidated on a break of $210
Gold has Given Breakout of the sideways Consolidation. Confirming advance in wave 5. as Long as Hold abv 50800 Can expect Parabolic move to 57000 Sharing this for Educational Purpose
Preferbably Short against Long Until TP LINE.. If You Like please show some support so ill continue providing analysis
S&P 500 decline in a five-wave contracting pattern knows as leading diagonal from its all-time high. It's labelled i-ii-iii-iv-v in wave (a). According to Elliot Wave theory, a three-wave correction follows every impulse move, that's the subsequent a-b-c zigzag move in SPX. The correction retraced more than 80% of the impulse, retested the upper boundary of...