I have been daytrading this long recently and had a long swing position. I just sold everything and am looking to get in at a lower price or trade other things like eth. The reason is it looks like it has an unstable bearish leading diagonal building. It looks like it might have one last leg up but then it is very likely to cut downward through all the resting...
I have 3 counts for ETH in my profile. Chart explains for itself.
Hold your horses. I also have a bull scenario which in fact is already took effect. Tho this is subjective. This type of diagonal which I assume is ending should be found between wave 4->5 OR Wave B->C. Or probably a leading diagonal but a 53535. As long as we break above the resistance area which is on wave 4. THIS FORECAST WILL BE INVALIDATED.
1) Risk max 2% of your a/c in any trade 2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips 3) Repeat step 1) & 2)
We are currently in the corrective phase Price is completing Wave A Wave A will be either the leading triangle or a 5 wave (impulse) I see up trend for this chart
ATOMBTC turns to a bullish leading diagonal w/ divergence. buy at 382 or 5. below 618 is the support and sell below it.
Several possibilities of trades in each direction, also I talking about very important rules of the Elliot Wave Theory: Impulse wave definition corrective wave definition Fibonacci forecasting leading diagonal definition alternation rule by Elliot Theory Please make your self comfortable and enjoy, if you have any questions or enlightenment, please comment and...
This is a video which I explain about ending and leading diagonals, and present how we can recognize it. don't forget to comment if you have any question or anything you want to inlight, I wish to us all a solid trading week!
HI BIG PLAYERS, in the chart of AUDCHF I found a new Wolfe Wave. Today I set near the Wolfe Wave Lines also the Elliott Wave counting. You see a typical Elliott Wave Leading Diagonal Pattern. The Trade of this Wolfe Wave has a risk-return-ratio of 1:3 (means for every invested 1 $ you can gain 3 $) King regards NXT2017
Wave 2 is complete and wave 3 down has started with a leading diagonol. Confirmation is eventual breakdown below $7500.
Hello traders! 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...
Look for a potential breakout to the upside to start a big Bullish trend
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...
Some view on Eur/Chf possible setup in couple of days of impulse and correction pattern. In wave C I see 3-3-5 formation is heading to complete on 4H chart, and price could possibly going down.
Double wedge formation with 3 abc legs inside every wave of leg A and leg C which should be complete as a final running flat pattern.
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...
Many waves and subwaves. It looks like this pair will drop further...
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)