NeoWave theory was developed by author and financial analyst Glenn Neely. It's an expansion of R.N. Elliott's ideas and concepts, with its own technique to analyze waves, aiming to reduce the subjectivity and perceived contradictions of the traditional Elliott Wave theory while at the same time aiming to improve its predictive power. NeoWave is a discipline in itself with many additional rules and requirements and with new corrective chart patterns such as the neutral triangle, the diametric formation, the 5th failure terminal and the 3rd Extension Terminal.
Time plays an important role in its logic: the time duration of pattern segments is used to determine whether or not a pattern has completed. According to the NeoWave logic, a pattern can not take too much or too little time (relative to other phases) to complete. Some traders combine NeoWave with other technical analysis techniques to try and find the best trades.
A counter trend neutral triangle pattern has been completed in form of b of b wave. c of b will be ended at 25000-26000 zone target and after that the #DOW is ready to complete higher degree wave until reach to 22000-23000... by completion the flat pattern ABC It is expected to grow to 27000 level as the first target...
As an initial anticipation, the #CADJPY chart weekly time scale is ongoing to completion a higher degree flat. The B wave of flat is an horizontal neutral triangle where is in e wave. The e wave maybe has been completed in form of a flat with ending diagonal 5-th truncated and another theory is that this flat is the a wave of a bigger flat to completion E wave of ...
#EURUSD seems is completing a reverse alternation of neutral triangle. Based on the black line drawn what is the named main scenario, after completing the pattern (the end of E wave), the rate rises to a range of 1/2800-1/3050. The second scenario is shown with a blue line that can be positioned after the break of the BD line. Stop loss is the break C wave floor....
A complex wave pattern formation in form of WxY is underway. Now-days the second part completion is ongoing as RA (Reverse Alternation) pattern. Upon completion of the RA, I expect increase the rate to 114/00-116/00.
In 15 min time frame the USDJPY is ongoing to completed the final part of a counter diametric pattern. TP1 and TP2 has been shown on the chart.... Plesae wait to make two first arrows....
#XAUUSD chart pattern is reverse contracting triangle. I expect to happen a slowly falling under 1200/00 level of price as TP in the format C of (E). Set the stop loss above 1390/00.
Smaller name pharma stock. Definitely has the potential to be explosive. It appears we just break out of a triangle on major volume, finding support right now on top of the broken resistance. Super good R:R to long here and stop loss below the trend line. Initial target region is shown in the box. We're also sitting between the 0.618 and 0.764 log-fib retracements ...
Here is the second analysis of eurgbp chart. The previous analysis reached to target. Every thing about new analysis is clear on chart... Seem stop loss based on your trade methodology
A counter neutral pattern is forming in #btcusd chart. I think it can begin to coming back from 5400 price level with stop loss level of 5000. Mid term take profit is shown about 15000$.
current wave might take some time to fully develop. after that an upward corrective move is expected. invalidation level for this pattern is not clear at the moment and the pattern needs more time to develop.
side note: looking at bitcoin chart and other altcoins, shows that the bullish market is not over yet, and crypto markets will stay bullish in Q2~Q3 2018.
