FX:USDZAR
A retracement forming on the 4hr after an
elliot wave formation during a downtrend.
likely reversal into an uptrend after
the full retracement completes.
Will check to see how it looks coming down for more precision final target and confirm with bullish divergence. Might also take a look at Thomas Demark when it gets there. I can struggle with labeling so if you go to the 1 or 3 minute and see if something should be labeled different let me know so I can take a look/learn/improve.
The weekly chart above shows GBPNZD's entire decline from Aug 2015 high. The sell-off is a textbook Elliot Wave impulse pattern, labeled 1-2-3-4-5.
According to the theory, a three-wave retracement follows every impulse. Here, that three-wave rally has been unfolded as a W-X-Y-X-Z triple zigzag pattern. Wave (c) of Z is about to complete. I anticipate GBPNZD to...
Hello XAUUSD,
How does you fare ?
How does fare you thee yes ? No !
After the overextending Bullish... Something happened....
We are looking at the corrective movement (or retracement, or something....)
We might see a short oppotunity when it reaches that Yellow (Orange) zone on 1580 levels...
Goes down to 1540 ish area......
And then BAM ! TO THE UPSIDE AND...
Macro Elliot Wave Counts going up to Sept 2019, with the help of the macro Fibonacci retracement since the 2017 $BTC top.
Watch this space!
Cheers,
Leb Crypto
In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy.
So first off, what we have here is a WXY correction(Double three combination correction)e.g
...
Watch for price to breakout of the corrective channel for a buy set up to finish the Flat correction then the sell set up after the structure is complete
I previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the...
Adjusting my idea for what might lie ahead for the Dow. Forgive my many variations, but our picture is certainly confusing and some of us have already been whipsawed and blindsided twice:
Dow is in an extended wave 5, approaching the upper edge of a symmetric triangle. a weakening Bullish formation forming over past 9 days, albeit on low volume. Breakout from...
Wave model projected 25076 on Dow got to 25070. Divergence in indices suggests flight to quality - dumping tech to buy blue chips, nervous toppy behavior.
Can go higher but is due for a pullback and possibly a substantial drawdown. Wave C could carry to 23800 or lower.
Could get a shooting star Tues to confirm topping. Other indexes already moving lower and...
As with BTC/the market, Ontology had to take a big hit the last few days but there are a few signs that could lead to a quick recovery.
Analyses
- ONTBTC recently broke out of a channel (blue) after making a full 5 wave up in this channel/timeframe (degree) and is now in a new downward channel (purple).
If we look at the EW of the correction, then we could...
The chart says it all. ZIL has gone up substantially in the past 8 weeks, and now it's looking as though the market could not resist to sell off the huge profits gained.
SHORT opportunity (theoretically, as I do not know of an exchange where you can short ZIL yet). If you do know, comment below.
TP1: 1700 satoshis
TP2: 1400
TP2: 1100
However, if any, I...
In this post - I'm going to examine Bitcoin across the board covering the following:
1.Basic Technical Analysis (Trend Lines, Candlestick formations, Moving Averages)
2.Elliot Waves Analysis
3.Marcet cap analysis, Volume Analysis, Fundamental Analysis.
4.Number of short positions (BITFINEX)
5.Number of long positions (BITFINEX)
1.From a Daily chart, we can...
