Good morning traders, I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea. As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub...
A perfect example of a leading diagonal. This type of pattern is formed in the current conditions of the market when the buyers still do not have a great confidence, thus forming wave 1 of a higher degree in the Elliott Wave structure. I will present the Fibonacci relations from such a pattern: Wave 2 corrects in the area 0.768 of the Fibonacci retracement of...
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a...
Price action and chart pattern trading > Leading diagonal - contracting triangle pattern > Entry @ triangle support > Target @ Wave 3 position + 20% upside for short term trade > RRR: 2:1 with -10% downside > Long term trading target primary wave 5 at 1.618 extension zone at 75 baht +40% upside Always trade with affordable risk and respect your stoploss
Quote: " Wise people tends to be profitable, smart people tend to be prove themselves right. " The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. Now, the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and...
Price action and chart pattern trading > Elliott Wave projection - uptrend wave 1 - 3 Expanded Leading Diagonal type - wave 4 would overlap wave 1 position. > Wave 3 extension - LEADING DIAGONAL - 2.0 of wave 1 > corrective ABC - wave A - impulse leading diagonal retraced 0.5 of wave 3 > wave B - zigzag family 0.618 of wave A > wave C - impulse ending diagonal...
Hi Traders, as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k). Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN. 4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance...
Price action and chart pattern trading - Leading Diagonal Elliott Wave Pattern > Parallel Channel pattern pullback entry zone at 0.236 - 0.382 > Target at top of wave 3 zone 0.786 - 1.0 zone > Stop zone at wave 2 position > RR - 3:1 for medium term trade Indicator: > smart money and banker chip volume entry support > fundflow reversal pattern coming out of...
Uber's 5-wave move off the low appears to be taking the form of a leading diagonal. W-5 within this larger degree W-1 should top around the $39-41 region near the end of April/Early May. After that, UBER should pull back to about the 31-33 region before beginning its W-3. Sell in May and Go Away
If the Bearish Trend of BTC is starting , This is the wave counting of bearish wave 1 . In my prespective this will be the leading diagonal and leading diagonal allways accures in wave 1 where the small wave 4 making the overlap with small wave 1
- We have a major parallel channel on the weekly time frame. - Now the bulls are stepping in as there should be another huge pump in the immidiate short term. - On the 3D/W chart, the only one trendline is currently breaking out. - Also we a have an ascending triangle, very bullish pattern. - Looks very good for AVAX at this moment. - RSI made a new high...
There are infinities within infinities. Hence why some infinities are bigger and smaller than others. Elliot Waves concept of cycles and larger cycles are a great example. Here is class A price action pattern of a leading diagonal in rhe USD JPY Daily frame. How ever almost identical to a newly developed breakout on Bitcoin on the 4hour chart. Like Broccoli the...
If I am told to consider an idea for the medium term, srm is undoubtedly one of my options, because technically after a leading diagonal we are now in log a of a large correction, so there is a correction that is priced with log a We will have fit, so our goal in this currency is to ride on an upward correction In the end, this is a personal analysis and there is...
- This is a bullish scenario for Bitcoin, if this scenario is wrong, then now we should see a small ABC to the upside (40-42k) and then another small 12345 Impulse down to 20-30k. - For now this huge ABC correction has been completed succesfullly, but we do not know yet, if this major ABC correction turns into 12345 Impulse to the downside. - The price is...
- Elrond - EGLD - Rank #42 - We have a huge falling wedge on the weekly chart which is currently breaking down! - The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge). - Bearish target is 0.618 FIB or bottom of the wedge!
This is an analysis based on my visual strategy Not a fact...................
NASDAQ price still yet to complete a wave a ( Green circled) leading diagonal pattern. Price may forming a bullish triangle pattern in wave b ( Cyan/Light Blue)
- Cardano is currently breaking down with high bearish momentum. - The price is now below the trendline and looks like we will experience lower prices - Also Elliott Impulse wave finished succesfully with 5 waves. - Monthly MACD indicator now enteres bearish cross.