riskreward

ElliottWaveBelgium

BYND - Here's a new one for our watchlist. Not sure a retest of the support zone is for right now but once 5 up are done, it's a possibility and occasion for a long. For now, it looks like a simple wave 4 correction. A break above the channel should take this for a fifth wave higher.

ElliottWaveBelgium

This is a follow up to my previous post and is here simply to show the effectiveness of the Elliott Wave Principle and one way to apply it. We shorted this ending diagonal right after closing our longs because for 2 reasons : 1) We got an Ending Diagonal wave 5 which should be followed...

L_F

Expecting the Nasdaq to pullback to the 50-61.8% area then start an impulsive move higher which could potentially take us into the elections especially if we get some stimulus. 50 point risk is a great opportunity. Double Gartley patterns.

L_F

CADJPY has already completed a larger TF Gartley but I have gone to a smaller TF to enter short possibly to complete the bigger ABCD to the downside at 79.00. Low risk entry is what I like. If im wrong then no major loss. SL above recent high @ 80.08.

TradeJournal_

Technical view of - NZDCAD - Whilst having fun doing my weekend analysis for the week ahead, I do this to plan my week ahead - I'd like to share a good trade opportunity for you for next week! Pattern - Head and shoulders / Bear Flag - Measuring the patterns both = to good Support areas. - If it goes above the areas of where the shoulder should be - the...

ElliottWaveBelgium

We got a nice based that formed here in form of a complexe correction which ended with a triangle wave Y. Now we should continue higher as long as price remains above 25$ !

ElliottWaveBelgium

Just follow the noted path. If wave (iv) has ended then we should see the fifth wave higher, completing a higher degree wave 1. We then need to see a corrective wave 2 that must hold above the beginning of wave 1 at 73.80 for this stock to rally to new highs.

ElliottWaveBelgium

Although we have the risk of this being a 3 waves rise, by the looks of it I tihnk we'll see a new high as this move has the caracteristics of a corrective wave 4. Looking at the number of stocks that keep on breaking out of corrective bases and making new highs (look at my profile) but also looking at the Advance/Decline Line we can see that we have positive...

ElliottWaveBelgium

I've labeled this as a 3 waves move but it can easily turn into an impulse, taking us to 6800.

Tonislonis

Hello! The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe. Also for you TA freaks you can see a breakout from a "triangle". Just something to also take...

ElliottWaveBelgium

Trump will win this election, no doubt about that and that is bullish for the markets ! (unless ofc he dies of Covid...) Question is, will we see a new leg lower in all indexes or is the correction over and we're going for new highs right away ? If price stalls at the 1.270/1.382 Fib zone and goes then below 1576, chances are high we'll see 1400(-ish) again. If...

Big_Mike716

Thinking the 10 yr pushes up .95 b4 election and a big stock market push higher. After that crashes back to .72 for what could be the most volatile election since Bush vs Gore. Then we end the year back up around 1.3 with Joe Biden winning and markets on a F**king tear

ElliottWaveBelgium

The wave count suggests we should see one more push lower to finish a 5 waves drop as part of wave (c) of higher degree wave ((iv)). A drop below 21.60 could get things on track and we finally could see price drop for fifth wave.

ElliottWaveBelgium

We have a clear 5 waves rise here as you can see. Therefore, I suggest to only look for shorts now until we reach the 50%-61.8% retracement zone.

Hrempe

The AMB/USD chart cancels out a lot of noise from the AMB/BTC chart. Downtrend broken and turned into an uptrend that needs to hold these next couple of weeks to stay valid. An inverse head and shoulders looks as though it is forming: It has a clear neckline (blue horizontal) and assuming the uptrend/diagonal support holds here that would be the...

ElliottWaveBelgium

Looks like we're in the making of wave iii of higher degree (v) of one higher degree red wave ((iii)).

StocksAndOptons

Beautiful Descending triangle out there on a massive scale. Possible long on the current level with the target being the opposite slope of the triangle. only a tiny stop needed! right below the support line. 1:5 risk reward with the probability of a win being 40%

ElliottWaveBelgium

We can make the case for this being a rising Wedge Pattern or in terms of the Wave Principle, an Ending Diagonal fifth wave. Looking at the Wedge pattern, there's nothing wrong here and we can short if price goes outside the pattern. But there are two problems with this view according to the wave Principle : 1) Wave 4 did not enter wave 1 territory altough...