It's way past my bed time here. So I'll do it quick - Sometimes it's just better that way.
- Correction Triangle (ABCDE) 33333
- Now most likely 1st Wave Leading Diagonal (3rd subwave 1-1 ratio with the 1st subwave)
- Bring the popcorn
Watch it play out! Good night!
Dear Friends And Followers!
D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading!
Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact.
Today we will talk about an interesting pattern on EURCAD.
Looking at the daily chart, we have seen sharp and impulsive decline in 2018, which looks like a leading diagonal in wave 1, so it's the first leg away from top that can be a signal of a bearish reversal! The most important thing for us is that we have seen only a three-wave a-b-c...
Gold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back...
The price formed double top at fibo 1.618 level, created zig zag. B leg in larger degree is above invalidation level, which tells me that this pair could be bulish up to complete running flat in following days...
Detail @ the chart..P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Hope this idea will inspire some of you !
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All the moving avareges in this pair are practically flat and from experience I can tell that whenever this happens we can expect a big movement coming and, from an Elliot Wave perspective we can anticipate it will be bearish. OANDA:USDCAD
BITFINEX:BCHUSD is forming the apex of the leading diagnoal.
This Idea is to track the price-action coming out of the the leading diagonal.
For Further Analysis see related idea.
BITFINEX:BCHUSD 7.62% has been in a bear market since reaching an all-time high in December 2017 (273 days ago)....
LONG setup for LTCUSD:
Entry at $54.5, (confluence of 0.618*A = C as well as 0.618 retracement of the whole leading diagonal)
Stop at $47.1 (under last low, would deny the diagonal being wave 1)
Targets = $73 (wave1 = wave3) and $84 (1.618*wave1 = wave3)
The Federal Reserve should deliver a rate hike in December, after raising rates in September . Currently, the likelihood of a December rise is pegged at 80%, says CME Group. The Fed is expected to raise rates three more times in 2019. It pressure on the Bank of Canada to follow suit and also raise interest rates.
As usual the charts told us that way before it...
It seems that the steam have already cooled off for EOS but how far will it go?
While we are still looking bullish, we should expect to see the high $12 range within the next couple of days as this leading diagonal develops for the first wave of wave iii. There is a supporting trend line that originated since 10/2017 which needs to be respected. If we get a...
For a second, let's just forget about wave counts in this mind numbing puzzle of BTC shall we? This pattern very much look like a Leading Diagonal pattern to me.
In popular alts like EOS, IOTA etc. we were able count very clear wave structures and I believe there is some sort of parelellism among all coins thanks to BTC being the king.
I believe there is more...