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Ending Diagonal

Case for bearish ending diagonalI have my doubts about the recent bullishness. It's hard to make the case that this is a perfectly flat top triangle which would be bullish. Overall the top of the triangle has been getting nudged upward as it fills in which means there isn't necessarily a huge chunk of buy stops waiting above it to explode upward when it breaks the top of the triangle. Instead the stops get cleared out gradually each time it makes a new high. However on the down side all the sell stops have been accumulating on the lower swings and this creates the bearish ending diagonal triangle shape. I will probably scalp long on the short term but am treating it only as a capitulation 5th wave. I think there's a pretty good chance that it will drop lower. Basically retesting the x point around 5800 would make the price action look healthier for a move upward. I actually have a small scalp long from a trade earlier today which I have mostly scaled out of and am letting the final portion run but I don't think this particular trade is the one that's going to the moon.
BITSTAMP:BTCUSD
by mljones
EW Analysis: DASH Is Showing Bullish EvidencesHello traders! Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal. Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and now at the end of 2019, we may see another trend change, ideally to the upside after a complex corrective decline in the second half of 2019. Anyway, let's talk about Dash. Dash was not so strong like BTCUSD in the beginning of 2019, which has later, in the second half of 2019 caused bigger and much more impulsive decline back to 2018 lows, mainly because of BTC dominance, while BTCUSD was trading just in a corrective downtrend. But now, at the end of 2019 and in the beginning of 2020 seems like we may see a bullish reversal once again, so let's go through some evidences. The first evidence is that DASH might have completed a big five-wave decline from June 2019 highs. The second evidence is that DASH formed a big an ending diagonal (wedge pattern) into the final wave 5. And the third, the most important evidence is that we can see a five-wave bullish turn from the 38.00 psychological target level, which confirms more upside at least for wave "c"or "iii" after pullback in wave "b" or "ii". That being said, we believe that DASH can see at least a bigger recovery in three waves towards 80 area, but there's also a high probability that we may see even higher prices towards within wave "iii" this year. Be humble and trade smart! If you like what we do, please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITTREX:DASHUSDEducation
by ew-forecast
2
USDJPY - Short in January (long Term)This is not a setup but this is a forecast based on Elliot Wave Analysis. Please keep in mind that no guarantee this is gonna work but it is what it is. USDJPY has been in a long term correction, slowly but sure it creates sort of clearer movement so easier to catch it. I assume USDJPY is making an ending diagonal pattern in Weekly timeframe and its finishing Wave 5, with that being said I would love to see this pair to drop to at least 105.000. Remember that this is a long term forecast and see how it goes.
Short
by UnknownUnicorn4341532
USDCHF: Ending Diagonal - Signal for ReversalEnding diagonals are motive wave patterns yet not impulses, as they have two corrective characteristics (wave 4 must always enter the price territory of wave 2). ED's usually take the shape of a wedge and in all cases, they are found at the reversal points of the larger patterns, showing exhaustion of the larger movement. I usually confirm that I have an ending diagonal if I see divergence on the RSI. In many cases, an ending diagonal is usually followed by a strong impulsive move in the opposite direction of the trend.
Education
by UnknownUnicorn5158708
3 kinds of Wolfe Wave Pattern adapt in Elliott Wave [Education]HI BIG PLAYERS, in this chart I show my research to Wolfe Wave pattern and how it match to Elliott Waves. My research has shown that there are basically 3 types of Wolfe Waves: 1. on the beginning of EW Leading Diagonal 2. on the wedge (most on correction waves) 3. on the end of EW Ending Diagonal In any testing: trading in Ending Diagonal is really high-risk because you trade against the trend! The easiest Wolfe Waves I done with Wedge Pattern. This have 2 advantages: - you trade direction is into the trend - correction waves are easier to identify in the Price Action I hope this education helps somebody. If you like this, you are invited to follow me. Kind regards NXT2017
NYSE:DISEducation
by NXT2017
1