USDJPY wave 4 wait to complete wave 4 and then sell for wave 5 sl:109.208
Last 5th corrective wave of C down to green box, will end total correction of big wave 4. Wave 5 will start there till new highs at least 20.44
Wave 4 of XauUsd is incomplete. The ABC correction has to end at green box. Then we can talk about Wave 5.
XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447. We have bullish divergence on Stochastic indicating momentum could be shifting to the upside...
Short term sell for XauUsd. Gold is at wave 4 and correcting till 1440-1450. Wave 5 target is projected at 1650 and will start in October.
im still practicing and this is for the better of my own education, i want to begin trading using elliot wave i took the most relative high and begin plotting were on wave 4 i believe that price can cont on to wave 5 and tp will be set at 1.28500 area
I believe we are forming an Elliot wave and will be looking for buys on USDCHF at around 0.9700. I will be placing an order and expecting a snipe trade straight into profit. If I was to be more conservative I would wait for a bullish candle on 4H. My analysis predicts we will have a corrective wave from 0.9700 to my highlighted zone between 0.5 and 0.618 fib...
It's been 56 days of upwards movement, and I know things cannot go up indefinitely. Getting a satisfying wave count has been difficult, but I'm comfortable with the one you can see here, and I will put my money where my mouth is! As wave 2 was mild, wave 4 will be strong, but most importantly, wave 3 was over extended therefore wave 5 won't have that much thrust...
Can safely say that bitcoin completed Wave 3 (4.62 extension-8400), consequently based on the RSI divergence on 4 hours, we can currently expect a Wave 4. 2 variations for Wave 4 based on Elliott wave consolidation: 7200 (0.236 consolidation level) and 6450 (0.382). Personally I am more inclined towards 7200. Additional structural support levels are 7450 and...
On it's way to C(6650). This support might hold, in which case we might have a breakout on D. That will start the wave 5. Other potential supports for BTC are 6500 and 6430. If it doesn't hold above these supports tomorrow, by extension this will lead up to 5950. However by the current structure. This is highly unlikely. It's quite an obvious analysis at this...
My view on LTC USD. Currently developing the 4th wave
Will be laddering shorts in the range of 4570-4770 targeting the 1.272 extension This correction cannot exceed 1.618 extension for the A and B which is (5140) so i will be prepared to ladder shorts up until this targets
Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is). It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish)...
Count in alignment with Nasdaq, either W.b/x is complete or still continuing with one up leg remaining, in either case it seems we have one down leg remaining in this market for W.iv Cir. completion.
Possible path (imo the most logical) volume is low and bitcoin is very slow in correction waves especially when it is in the weekend. This correction would fit in nice in the bigger picture. pls also check my wxyxz correction i charted in august.. press play and enjoy. I will put the link in here
The Hang Seng index should have a sharp wave 4 rebound as wave 2 is a sideway movement. we should aim for 27200-28000 target. then a wave 5 again. so wait for the sweet spot for sell or buy into to the rebound now.
"Beautiful Pictures from the Gallery of Phinance", Robert R Prechter Jr. Copyright 2003 Robert R Prechter Jr. Pages 18 & 19 The drawings I've added to this chart are directly pulled from page 19 of the book mentioned. The original charts referenced are the DJIA from 8/24/1921 to 09/03/1929, and the second chart in the comparison is the DJIA from 12/06/1974 to...