We may see a flat correction for wave 2 from what I think is it a C wave at a bigger degree before to go for a 3rd wave. Time is too short for an wave 2 from an ABC correction when we compare time form wave 1 vs 2.
This is the sequel to my previous idea . The support line of the diagonal triangle has finally been broken. The coordinate of point (A) was erroneous, so I corrected it. TOTAL and Nen-star patterns formed. Recommended TPs unchanged (see also gray-color zones of the Fibonacci extension.) For details, please take a look at the related ideas below.
This is a sequel to my previous idea . The diagonal triangle's unexpected, extended wave 5 (possibly an expanding diagonal) morphed the bearish white swan into a bearish anti-butterfly. The basic strategy stays the same, but the basis for calculus would be slightly different. Target is unchanged anyway. If this breakout forms wave 5 of the impulse, a drop...
We may witness a fractal move of the daily chart as wave 4 of a potential bearish impulse. A bearish expanded flat (possibly a running flat) is expected with a bearish White Swan harmonic pattern. SL above 23300. Recommended 23350 (see the trendline right up). TP 22400-22700. I also predicted wave 2 would be an Elliott flat, which revealed it was not (it seems...
I've posted many times on this exactly the same counting in the sense of the Elliott wave theory. This time I elaborate on it. In this hypothesis, we are in X of WXY, whose bottom could be 7500 +- 2000, a roughly 1.236-1.272 retracement from the 65k & 69k double tops or the inverted A&E. This double zigzag should be a global 4th wave. This scenario will be...
wave 2 flat 335/wxy wave structure. SL at the invalidation point of a wave 1 at 17050 target 16300 Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double...
Some errors in Elliott count were addressed. No substantial change in the conclusion. In the previous ideas, we examined bearish possibilities. BTC 1H Short-trading idea Going to form a Bearish Flat? BTC in compression Where is the top of the Inverse H&S-like structure? First of all, this analysis is coherent with the above scenarios. So we may have...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the...
XRP -RIPPLE seems to be doing a flat "ABC" correction as a rule that waves "A" and "B" must have 3 moves and wave "C" must have 5 moves to finish the correction, now RIPPLE is in a lawsuit against the Securities and Exchange Commission (SEC) since they want to classify RIPPLE (XRP) as a value but everything seems to be moving towards XRP being the winner, apart...
I warned about a very strong bull trap in NVDA on 28th July and now the stock has a fresh low. ! As discussed in previous idea , inverted flats in bear market are among the most difficult patterns to recognize. Lets review published idea first : Now, What is next? As shown on the chart , a zigzag correction is most likely forming in NVDA and the stock is...
Seeing an Ending Diagonal forming on Silver at the tail end of a 2 year 3-3-5 Expanding Flat correction. Could see upside soon.
Resharing this as my last idea wasn't very useful in micro terms. Knowing all to well that the macro picture is what matters most, I still had 0 intents of sharing a decade's long trade idea. Hopefully it ages well though :) Focusing this time on the more near time, anticipated price action, we can see that Gold is near very strong support levels. In Elliott Wave...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. Now don't mess it up please.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
The 2nd possible scenario is called expanded (irregular) flat scenario. You can google what is irregular (expanded) flat. If this scenario to be valid so the top (B wave) should be between 141.184-144.120 (fibo 127.2%-161.8%) of wave A. Then the wave C whenever the market corrects after wave B would be 128.083-125.147 (fibo 127.2%-161.8%) of wave A. I wish u...
I believe many of us are wondering and keep wondering where will be the top pf usdjpy? Is thing pair ever going to reverse again? Therefore in my study and humble opinion the answer is yes. There are 2 possibilites of scenario here. This post is the 1st scenario, running flat scenario. You can google what is running flat. If this scenario to be valid so the top...
For a very long time, since 1993 GBPCHF is in down trend and it has created completed the 3rd wave on 1 august 2011. Till then its in a flat correction for the 4th wave of the circle. And for the 4th wave its forming ABC pattern while A & B of the ABC flat correction is also completed and moving for the C leg of the 4th Wave. Today is 15th August, and historically...