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Impulsewave

BTC correction before bullish continuation?DISCLAIMER: Im not an Elliot Waves guru but only use the waves as a reference of a trend. BTC seems to have finished a three waves correction after which is seems to have started a new trend. What we know about trends is that it moves in waves as well, impulse correction, impulse correction, impulse correction... On a lower timeframe we can see a perfect pullback to the Fib 0.618 level. After which it surpassed the previous top creating a higher low followed by a higher high. Up next? Higher Low (if it is a valid trend). Taking the Fib from the low to the high of the latest impulse we get to the 50K area. This corrective leg down should consist of three sub waves, which would look something like this: As said if the trend is valid, the price should never go below the previous low so that is where you should place the stop for this idea. The final impulsive wave of this set might not go directly to 74K but that would be my ultimate upper target. ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
by MattieDsCryptoLounge
GOLD to the Moon 🚀🚀🚀Good Day Traders !!! We just rejected for the third time this strong level of support around 1855-1853. We expect gold to start his impulse to the upside since we can clearly see that on the Daily we clearly tested almost all the level of the fib retracement during the correction and we expect to see a continuation to the upside. Also from an institutional perspective I can see on the last report from the non commercial institutions a massive number of long position added as well as a big amount of short positions being closed which can mean a strong gold during this week. Now if you enjoyed this analysis smash that like button and share !! If you have a different opinion I would love to hear about it in the comment area. Trade safe !!
OANDA:XAUUSDLong
by TheDayzen
2
GBP/CAD UPDATE. Are we ready for the next launch ? Good Day Traders !! On this pair we have a very strong impulse to the upside made during the past week as we expected, now the market started a nice correction to the 0.382 Fib level. for such a strong impulse we expect the market to retrace at least to the 0.5 Fib level which aligns perfectly with a strong support area and demand. We will be monitoring price action on the 4H timeframe when the market reaches this area in order to place a nice long setup with a 1/5 RR so we can ride the continuation of the impulse to the upside. Now if you enjoyed this analysis make sure to like and share. I will be linking the previous analysis of this pair in the comment area below. If you have a different opinion make sure to leave a comment in the area below for further insights about this pair. Trade safe !!!
Long
by TheDayzen
7
VeCHAIN and a great BUY-CHANCE!Hey r tadomaniacs, Vechain seems to continue its UPTREND and has recently created the next Impulse-Wave. This could cause nice bullish confluence and so a break of the resistance-zone in order to create the third and extended Wave. Looking at the Wave-Sctucture, we can expect at least two more Major-Waves upwards in order to complete the entire Impulse. With this trade we could just participate the next impulse before we head into the next correction. I will patiently wait for a breakout before I buy! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
6
Nokia possible impulse wave in the making!Nokia hasnt been looking to good the past couple of years, but this all could change very fast. with the upcomming Q3 earnings release coming up this thursday and alot new 5G contracts in their pocket this could be the start of a big impulse wave up. fundamentals: # march 2015 can be seen as the beginning of a HUGE descending triangle with a fake bearish break out starting at september 2019. Nokia is currently being traded at that so important level and needs to be taken in order for this lookout to become truth. after that the level to watch is 4.3 as this would confirm the bullish breakout of the triangle. NOTE: descending triangles are normally bullish patterns, but trade carefully as their are some huge levels to conquer. # Nokia has been a big factor in the 5G industry with over 125 contracts concerning 5G, with the expectations of 5G becoming bigger and bigger this would logically push nokia's shares higher and higher. # the chart shows that the fibbonaci level 0.786 drawn from our last H/L was accepted as a support level (currently being traded in the golden pocket area which i didnt draw to clear the chart a bit ) If we manage to break the golden pocket area upwards these are the level to watch and possibly take profit: TP 1: 4.30 TP 2: 4.97 TP 3: 6.59 TP 4: 7.82 TP 5: 8.45 Stop-Loss : between 3.2 - 2.7 Dont over leverage! Trade safely and do your Risk Management ! Give a follow and a like if u liked my analyse on nokia!
OMXHEX:NOKIALong
by CptWORLD
9
Dow Jones Elliott WaveIf the economy needs stimulus this bad, then the health of it isn't good. Earlier today, President Trump said he wanted efforts placed on the Supreme Court justice in lieu of hammering out a stimulus plan. Stock fell hard. Two weeks ago, I shared an Elliott wave chart that suggested a hard fall in $DJI could be coming soon. My wave labels are slightly different from that day, but the spirit of the message is the same. US stocks could be on the forefront of a hard fall in a wave 3 lower. I anticipate $DJI falling to $22,000-24,000. From there, the models diverge. The primary count suggests deeper cuts below the March 2020 low. An alternate count suggests a bounce in the $22-24k range en route to new highs.
DJ:DJIShort
by JWagnerFXTrader
2